GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aker Solutions ASA (STU:1AKA) » Definitions » EBIT

Aker Solutions ASA (STU:1AKA) EBIT : €173 Mil (TTM As of Jun. 2024)


View and export this data going back to 2014. Start your Free Trial

What is Aker Solutions ASA EBIT?

Aker Solutions ASA's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €167 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €173 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aker Solutions ASA's annualized ROC % for the quarter that ended in Jun. 2024 was 8.98%. Aker Solutions ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 72.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aker Solutions ASA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 43.83%.


Aker Solutions ASA EBIT Historical Data

The historical data trend for Aker Solutions 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 Solutions ASA EBIT Chart

Aker Solutions ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 98.54 -76.47 88.98 22.93 27.99

Aker Solutions ASA 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 86.08 -61.82 21.72 5.91 166.80

Competitive Comparison of Aker Solutions ASA's EBIT

For the Oil & Gas Equipment & Services subindustry, Aker Solutions 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 Solutions ASA's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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



Aker Solutions 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €173 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.


Aker Solutions ASA  (STU:1AKA) EBIT Explanation

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

Aker Solutions ASA'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 )
=289.148 * ( 1 - 20.38% )/( (2781.059 + 2344.073)/ 2 )
=230.2196376/2562.566
=8.98 %

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))
=3585.891 - 303.279 - ( 1018.406 - max(0, 1584.284 - 2085.837+1018.406))
=2781.059

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))
=3771.169 - 937.891 - ( 1187.92 - max(0, 1737.073 - 2226.278+1187.92))
=2344.073

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:

Aker Solutions ASA'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 )
=333.604/( ( (436.273 + max(-934.177, 0)) + (482.029 + max(-1041.071, 0)) )/ 2 )
=333.604/( ( 436.273 + 482.029 )/ 2 )
=333.604/459.151
=72.66 %

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)
=(457.831 + 3.825 + 134.645) - (303.279 + 0 + 1227.199)
=-934.177

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(476.253 + 3.851 + 159.101) - (937.891 + 0 + 742.385)
=-1041.071

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=172.713/394.095
=43.83 %

* 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.


Aker Solutions ASA EBIT Related Terms

Thank you for viewing the detailed overview of Aker Solutions ASA's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Aker Solutions ASA Business Description

Address
Oksenoyveien 8, Lysaker, Fornebu, NOR, 1366
Aker Solutions ASA provides integrated solutions, products and services to the world's energy industry. Aker Solutions provides low carbon oil and gas solutions, and develops renewable solutions for customers around the world. Aker Solutions reports under the following reporting segments which are Renewables and Field Development includes Offshore wind power Green onshore Traditional oil and gas platforms Onshore facilities Decommissioning and marine operations Life Cycle segments involves Optimized field life solutions Decarbonization driven solutions Offshore and onshore facilities Life cycle offerings.

Aker Solutions ASA Headlines

No Headlines