Eidesvik Offshore ASA (OSL:EIOF) EBIT : kr618.4 Mil (TTM As of Dec. 2023)

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What is Eidesvik Offshore ASA EBIT?

Eidesvik Offshore ASA's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was kr123.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was kr618.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Eidesvik Offshore ASA's annualized ROC % for the quarter that ended in Dec. 2023 was 3.66%. Eidesvik Offshore ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 26.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Eidesvik Offshore ASA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 37.70%.

Eidesvik Offshore ASA EBIT Historical Data

The historical data trend for Eidesvik Offshore 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.

Eidesvik Offshore ASA EBIT Chart

Eidesvik Offshore ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

-553.66

-20.11

106.26

497.01

618.40

Eidesvik Offshore ASA 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															369.87	-4.11	427.76	71.20	123.55

Competitive Comparison of Eidesvik Offshore ASA's EBIT

For the Oil & Gas Equipment & Services subindustry, Eidesvik Offshore 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.

Eidesvik Offshore ASA's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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

Eidesvik Offshore 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 quarterly data reported by the company within the most recent 12 months, which was kr618.4 Mil.

Eidesvik Offshore ASA (OSL:EIOF) EBIT Explanation

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

Eidesvik Offshore 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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	80.936 * ( 1 - 0% )	/	( (2192.351	+	2228.265)	/ 2 )
=	80.936	/	2210.308
=	3.66 %

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	))
=	2540.83	-	25.826	-	( 386.456	-	max(0, 318.844	-	641.497	+	386.456	))
=	2192.351

	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	))
=	2716.109	-	80.985	-	( 406.859	-	max(0, 352.247	-	785.536	+	406.859	))
=	2228.265

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

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

Eidesvik Offshore 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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	494.188	/	( ( (1740.541 + max(2.9219999999999, 0))	+	(1769.928 + max(154.537, 0)) )	/	2 )
=	494.188	/	( ( 1743.463	+	1924.465 )	/	2 )
=	494.188	/	1833.964
=	26.95 %

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)
=	(186.239	+	0	+	15.73)	-	(25.826	+	0	+	173.221)
=	2.9219999999999

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(227.545	+	2.113	+	145.669)	-	(80.985	+	0	+	139.805)
=	154.537

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	618.4	/	1640.350
	=	37.70 %

Eidesvik Offshore ASA EBIT Related Terms

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Eidesvik Offshore ASA (OSL:EIOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eidesvik Offshore ASA (OSL:EIOF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

EIOFO:Sweden E1V:Germany

Address

Vestvikvegen 1, Bomlo, NOR, NO-5443

Website

https://www.eidesvik.no

Eidesvik Offshore ASA is a Norway based shipping company engaged in offering services in the maritime sector. The group operates ships in the business areas of Seismic, Subsea, Supply and Other. The Seismic segment provides shipping services to customers that produce seismic data. The ships belonging to Seismic segment operates all over the world according to customer needs. The Subsea segment provides shipping services for subsea work for the oil industry and its ships are adapted for work such as underwater inspection, maintenance, and construction. The Supply segment supplies services to the oil industry offshore.

Eidesvik Offshore ASA (OSL:EIOF) Headlines

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