Shelf Drilling (North Sea) (OSL:SDNS) EBIT : kr62 Mil (TTM As of Dec. 2023)

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What is Shelf Drilling (North Sea) EBIT?

Shelf Drilling (North Sea)'s earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was kr-43 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was kr62 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shelf Drilling (North Sea)'s annualized ROC % for the quarter that ended in Dec. 2023 was -3.25%. Shelf Drilling (North Sea)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -3.99%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shelf Drilling (North Sea)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.20%.

Shelf Drilling (North Sea) EBIT Historical Data

The historical data trend for Shelf Drilling (North Sea)'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.

Shelf Drilling (North Sea) EBIT Chart

Shelf Drilling (North Sea) Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

179.82

61.19

Shelf Drilling (North Sea) Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial					195.63	56.87	34.55	13.94	-43.25

Competitive Comparison of Shelf Drilling (North Sea)'s EBIT

For the Oil & Gas Equipment & Services subindustry, Shelf Drilling (North Sea)'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.

Shelf Drilling (North Sea)'s EV-to-EBIT Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Shelf Drilling (North Sea)'s EV-to-EBIT falls into.

Shelf Drilling (North Sea) 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 kr62 Mil.

Shelf Drilling (North Sea) (OSL:SDNS) EBIT Explanation

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

Shelf Drilling (North Sea)'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 )
=	-151.912 * ( 1 - 1.77% )	/	( (4636.288	+	4546.791)	/ 2 )
=	-149.2231576	/	4591.5395
=	-3.25 %

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	))
=	5295.857	-	314.234	-	( 499.771	-	max(0, 478.322	-	823.657	+	499.771	))
=	4636.288

	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	))
=	4979.317	-	283.779	-	( 292.218	-	max(0, 449.404	-	598.151	+	292.218	))
=	4546.791

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

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

Shelf Drilling (North Sea)'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 )
=	-173.012	/	( ( (4368.17 + max(-20.377, 0))	+	(4288.331 + max(25.319, 0)) )	/	2 )
=	-173.012	/	( ( 4368.17	+	4313.65 )	/	2 )
=	-173.012	/	4340.91
=	-3.99 %

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)
=	(309.944	+	0	+	13.942)	-	(314.234	+	0	+	30.029)
=	-20.377

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(291.163	+	0	+	43.253)	-	(283.779	+	0	+	25.318)
=	25.319

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	62.111	/	5179.362
	=	1.20 %

Shelf Drilling (North Sea) EBIT Related Terms

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Shelf Drilling (North Sea) (OSL:SDNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shelf Drilling (North Sea) Ltd (OSL:SDNS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lakes Towers, JLT, Floor 12, P.O. Box 212201, Jumeirah, Dubai, ARE

Website

https://www.shelfdrillingnorthsea.com

Shelf Drilling (North Sea) Ltd is a shallow-water offshore drilling contractor operating primarily in the North Sea. It is engaged in the provision of equipment and services for the drilling, completion and well maintenance of shallow water offshore oil and natural gas wells. The Group is primarily engaged in development and workover activity on producing assets, with a focus on shallow water operations in water depths of up to 500 feet.

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