Euronav NV (Euronav NV) EBIT : $997 Mil (TTM As of Dec. 2023)

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What is Euronav NV EBIT?

Euronav NV's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $418 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $997 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Euronav NV's annualized ROC % for the quarter that ended in Dec. 2023 was 12.45%. Euronav NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 51.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Euronav NV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 26.39%.

Euronav NV EBIT Historical Data

The historical data trend for Euronav NV's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Euronav NV EBIT Chart

Euronav NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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185.51

539.10

-278.87

292.71

996.94

Euronav NV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															243.46	208.92	209.79	160.59	417.65

Competitive Comparison of Euronav NV's EBIT

For the Oil & Gas Midstream subindustry, Euronav NV's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Euronav NV's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Euronav NV's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Euronav NV's EV-to-EBIT falls into.

Euronav NV EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $997 Mil.

Euronav NV (NYSE:EURN) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Euronav NV's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	412.04 * ( 1 - 0.2% )	/	( (3727.886	+	2878.484)	/ 2 )
=	411.21592	/	3303.185
=	12.45 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	4004.008	-	115.72	-	( 160.402	-	max(0, 326.156	-	580.765	+	160.402	))
=	3727.886

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3419.28	-	111.426	-	( 429.37	-	max(0, 424.753	-	1631.737	+	429.37	))
=	2878.484

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Euronav NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1670.584	/	( ( (3377.424 + max(303.527, 0))	+	(1769.663 + max(1044.33, 0)) )	/	2 )
=	1670.584	/	( ( 3680.951	+	2813.993 )	/	2 )
=	1670.584	/	3247.472
=	51.44 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(385.663	+	33.9	+	0)	-	(115.72	+	0	+	0.31599999999997)
=	303.527

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(257.883	+	22.511	+	893.041)	-	(111.426	+	17.355	+	0.32399999999996)
=	1044.33

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Euronav NV's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	996.935	/	3777.186
	=	26.39 %

Euronav NV EBIT Related Terms

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Euronav NV (Euronav NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Euronav NV (NYSE:EURN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

0K9A:UK OCW:Germany EURN:Belgium

Address

De Gerlachekaai 20, Antwerpen, BEL, B-2000

Website

http://www.euronav.com

Euronav NV owns and operates a fleet of vessels for international maritime shipping and storage of crude oil and petroleum products. The company organises itself into two segments: tankers and floating storage and offloading activities, or FSO. The tankers segment, which generates the majority of revenue, operates crude oil tankers on international markets. The FSO segment conducts floating production, floating storage, and offloading operations for crude oil and petroleum products.