TOLWF (Trican Well Service) EBIT : $110.7 Mil (TTM As of Sep. 2024)

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What is Trican Well Service EBIT?

Trican Well Service's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $24.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $110.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Trican Well Service's annualized ROC % for the quarter that ended in Sep. 2024 was 18.55%. Trican Well Service's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 24.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Trican Well Service's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 16.18%.

Trican Well Service EBIT Historical Data

The historical data trend for Trican Well Service'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.

Trican Well Service EBIT Chart

Trican Well Service Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-72.24

-199.72

10.90

81.30

120.42

Trican Well Service Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															35.69	28.91	40.48	17.02	24.26

Competitive Comparison of Trican Well Service's EBIT

For the Oil & Gas Equipment & Services subindustry, Trican Well Service'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.

Trican Well Service's EV-to-EBIT Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Trican Well Service's EV-to-EBIT falls into.

Trican Well Service 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $110.7 Mil.

Trican Well Service (OTCPK:TOLWF) EBIT Explanation

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

Trican Well Service's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	97.432 * ( 1 - 24.27% )	/	( (388.464	+	406.934)	/ 2 )
=	73.7852536	/	397.699
=	18.55 %

where

	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	))
=	478.628	-	63.912	-	( 26.252	-	max(0, 67.602	-	175.879	+	26.252	))
=	388.464

	Invested Capital		(Q: Sep. 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	))
=	467.477	-	58.311	-	( 2.232	-	max(0, 62.129	-	162.877	+	2.232	))
=	406.934

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Trican Well Service's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	97.052	/	( ( (302.749 + max(85.716, 0))	+	(302.063 + max(102.334, 0)) )	/	2 )
=	97.052	/	( ( 388.465	+	404.397 )	/	2 )
=	97.052	/	396.431
=	24.48 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(132.695	+	14.954	+	1.978)	-	(63.912	+	0	+	-0.00099999999999056)
=	85.716

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(141.703	+	14.51	+	4.432)	-	(58.311	+	0	+	0)
=	102.334

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

Trican Well Service's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	110.669	/	684.129
	=	16.18 %

Trican Well Service EBIT Related Terms

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Trican Well Service Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trican Well Service Ltd (OTCPK:TOLWF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

TWZ:Germany TCW:Canada

Address

645 - 7th Avenue South West, Suite 2900, Calgary, AB, CAN, T2P 4G8

Website

https://www.tricanwellservice.com

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions. The company offers these services to customers in Canada from operating bases located across the Western Canadian Sedimentary Basin (WCSB).