Borr Drilling (OSL:BORR) EBIT : kr2,285 Mil (TTM As of Dec. 2023)

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What is Borr Drilling EBIT?

Borr Drilling's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was kr667 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was kr2,285 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Borr Drilling's annualized ROC % for the quarter that ended in Dec. 2023 was 16.78%. Borr Drilling's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Borr Drilling's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.96%.

Borr Drilling EBIT Historical Data

The historical data trend for Borr Drilling'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.

Borr Drilling EBIT Chart

Borr Drilling Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-1,962.72

-1,863.32

-811.89

-1,472.14

2,262.85

Borr Drilling 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															142.27	470.79	567.89	579.13	666.72

Competitive Comparison of Borr Drilling's EBIT

For the Oil & Gas Drilling subindustry, Borr Drilling'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.

Borr Drilling's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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

Borr Drilling 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 kr2,285 Mil.

Borr Drilling (OSL:BORR) EBIT Explanation

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

Borr Drilling'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 )
=	3396.908 * ( 1 - -48.69% )	/	( (30459.22	+	29740.869)	/ 2 )
=	5050.8625052	/	30100.0445
=	16.78 %

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	))
=	32649.204	-	3032.945	-	( 1012.412	-	max(0, 4888.318	-	4045.357	+	1012.412	))
=	30459.22

	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	))
=	32493.207	-	2230.143	-	( 1081.313	-	max(0, 3802.004	-	4324.199	+	1081.313	))
=	29740.869

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

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

Borr Drilling'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 )
=	2666.888	/	( ( (27868.133 + max(-2451.667, 0))	+	(27305.012 + max(-1786.013, 0)) )	/	2 )
=	2666.888	/	( ( 27868.133	+	27305.012 )	/	2 )
=	2666.888	/	27586.5725
=	9.67 %

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)
=	(628.467	+	0	+	555.539)	-	(3032.945	+	587.714	+	15.014)
=	-2451.667

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(592.876	+	0	+	543.295)	-	(2230.143	+	627.689	+	64.352)
=	-1786.013

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:

Borr Drilling's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	2284.541	/	32842.740
	=	6.96 %

Borr Drilling EBIT Related Terms

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Borr Drilling (OSL:BORR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Borr Drilling Ltd (OSL:BORR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

BORR:USA BDRILLo:Sweden BORRo:UK 0BDR:UK B2W:Germany

Address

9 Par-la-Ville Road, S.E. Pearman Building, 2nd Floor, Hamilton, BMU, HM11

Website

http://www.borrdrilling.com

Borr Drilling Ltd is a drilling contractor that owns and operates jack-up rigs of modern and high-specification designs providing drilling services to the oil and gas exploration and production industry. The company operates a fleet of 16 jack-up drilling rigs. Geographically the activities are carried out through Norway.