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CH Offshore (SGX:C13) EBIT : S$-3.57 Mil (TTM As of Jun. 2024)


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What is CH Offshore EBIT?

CH Offshore's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was S$2.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was S$-3.57 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CH Offshore's annualized ROC % for the quarter that ended in Jun. 2024 was 5.34%. CH Offshore's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 7.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CH Offshore's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -11.30%.

CH Offshore EBIT Historical Data

The historical data trend for CH Offshore'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.

CH Offshore EBIT Chart

CH Offshore Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -18.21 -25.82 -6.84 -5.00 -11.33

CH Offshore Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.33 -5.32 -5.75 -5.64 2.08

Competitive Comparison of CH Offshore's EBIT

For the Oil & Gas Equipment & Services subindustry, CH Offshore'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.

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

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

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


CH Offshore 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$-3.57 Mil.

* 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.

CH Offshore  (SGX:C13) EBIT Explanation

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

CH Offshore's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=3.998 * ( 1 - 18.6% )/( (60.365 + 61.492)/ 2 )
=3.254372/60.9285
=5.34 %

where

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))
=72.571 - 9.534 - ( 6.296 - max(0, 16.99 - 19.662+6.296))
=60.365

Invested Capital(Q: Jun. 2024 )
=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))
=78.842 - 14.729 - ( 9.898 - max(0, 22.114 - 24.735+9.898))
=61.492

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

CH Offshore's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4.15/( ( (52.91 + max(-0.717, 0)) + (54.107 + max(-3.984, 0)) )/ 2 )
=4.15/( ( 52.91 + 54.107 )/ 2 )
=4.15/53.5085
=7.76 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.504 + 0.954 + 0.359) - (9.534 + 0 + -3.5527136788005E-15)
=-0.717

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.15 + 0.602 + 0.994) - (14.729 + 0 + 0.0010000000000012)
=-3.984

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-3.565/31.556
=-11.30 %

* 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.

CH Offshore EBIT Related Terms

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CH Offshore Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CH Offshore Ltd (SGX:C13) » Definitions » EBIT
Comparable Companies
SGX:5AL SGX:5NF SGX:BDU SGX:5G2 SGX:BLZ SGX:5OQ SGX:5OR SGX:M05 SGX:BLH SGX:BTP SLB HAL BKR MIL:TEN FTI WFRD SHSE:601808 NOV CHX ASX:WOR
Traded in Other Exchanges
N/A
Address
12A Jalan Samulun, Singapore, SGP, 629131
Website
https://www.choffshore.com.sg
CH Offshore Ltd is engaged in the owning and chartering of vessels and the provision of marine support services for the offshore oil and gas industry. It offers a wide range of services including towing, anchor-handling, the supply of deck, liquid and dry bulk cargoes, and supply of dangerous goods. The Group operates and charters vessels across the globe from Mexico, Africa, India to South-East Asia. The operations of the Group are associated with the support of offshore oil and gas industry which is the single operating segment of the group.

CH Offshore Headlines

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