Aker Horizons ASA (OSL:AKH) EBIT : kr-5,582 Mil (TTM As of Dec. 2023)

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What is Aker Horizons ASA EBIT?

Aker Horizons ASA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was kr419 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was kr-5,582 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aker Horizons ASA's annualized ROC % for the quarter that ended in Dec. 2023 was -25.22%. Aker Horizons ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aker Horizons ASA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -37.64%.

Aker Horizons ASA EBIT Historical Data

The historical data trend for Aker Horizons ASA'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.

Aker Horizons ASA EBIT Chart

Aker Horizons ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-326.00

-1,801.00

-5,818.00

-5,582.00

Aker Horizons ASA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial			-929.00	-62.00	-5,756.00	-6,001.00	419.00

Competitive Comparison of Aker Horizons ASA's EBIT

For the Asset Management subindustry, Aker Horizons ASA'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.

Aker Horizons ASA's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Aker Horizons ASA's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Aker Horizons ASA's EV-to-EBIT falls into.

Aker Horizons ASA 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 semi-annually data reported by the company within the most recent 12 months, which was kr-5,582 Mil.

Aker Horizons ASA (OSL:AKH) EBIT Explanation

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

Aker Horizons ASA'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-1672 * ( 1 - -317.71% )	/	( (34209	+	21171)	/ 2 )
=	-6984.1112	/	27690
=	-25.22 %

where

	Invested Capital		(Q: Jun. 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	))
=	33343	-	2350	-	( 8198	-	max(0, 17541	-	14325	+	8198	))
=	34209

	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	))
=	27232	-	562	-	( 5499	-	max(0, 2351	-	9887	+	5499	))
=	21171

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Aker Horizons ASA'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	838	/	( ( (15957 + max(3777, 0))	+	(14389 + max(1848, 0)) )	/	2 )
=	838	/	( ( 19734	+	16237 )	/	2 )
=	838	/	17985.5
=	4.66 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1755	+	1045	+	3327)	-	(2350	+	0	+	0)
=	3777

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(623	+	836	+	2627)	-	(562	+	0	+	1676)
=	1848

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Aker Horizons ASA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-5582	/	14829.660
	=	-37.64 %

Aker Horizons ASA EBIT Related Terms

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Aker Horizons ASA (OSL:AKH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Aker Horizons ASA (OSL:AKH) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

AKHo_NO:Sweden 7QF:Germany

Address

Oksenoyveien 8, Lysaker, NOR, NO-1366

Website

https://www.akerhorizons.com

Aker Horizons ASA is an investment management company. It invests in and develops companies within renewable energy sectors and other technologies that make material contributions to reducing emissions or promoting sustainable living. The company's reportable segments are Aker Carbon Capture (ACC), Asset Development (AAD), Mainstream Renewable Power (Mainstream), Aker Horizons and holdings, and Others.

Aker Horizons ASA (OSL:AKH) Headlines

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