PHX Energy Services (TSX:PHX) EBIT : C$80.4 Mil (TTM As of Sep. 2024)

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What is PHX Energy Services EBIT?

PHX Energy Services's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was C$15.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was C$80.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PHX Energy Services's annualized ROC % for the quarter that ended in Sep. 2024 was 11.57%. PHX Energy Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 24.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PHX Energy Services's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 17.06%.

PHX Energy Services EBIT Historical Data

The historical data trend for PHX Energy Services'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.

PHX Energy Services EBIT Chart

PHX Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

7.00

-6.82

29.00

55.39

105.90

PHX Energy Services 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															31.67	24.23	23.28	17.32	15.58

Competitive Comparison of PHX Energy Services's EBIT

For the Oil & Gas Drilling subindustry, PHX Energy Services'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.

PHX Energy Services's EV-to-EBIT Distribution in the Oil & Gas Industry

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

* The bar in red indicates where PHX Energy Services's EV-to-EBIT falls into.

PHX Energy Services 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 C$80.4 Mil.

PHX Energy Services (TSX:PHX) EBIT Explanation

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

PHX Energy Services'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 )
=	46.764 * ( 1 - 32.03% )	/	( (277.578	+	271.836)	/ 2 )
=	31.7854908	/	274.707
=	11.57 %

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	))
=	409.373	-	117.997	-	( 13.798	-	max(0, 121.383	-	196.435	+	13.798	))
=	277.578

	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	))
=	395.414	-	109.375	-	( 14.203	-	max(0, 112.885	-	188.562	+	14.203	))
=	271.836

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

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

PHX Energy Services'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 )
=	62.3	/	( ( (188.077 + max(64.64, 0))	+	(183.427 + max(64.984, 0)) )	/	2 )
=	62.3	/	( ( 252.717	+	248.411 )	/	2 )
=	62.3	/	250.564
=	24.86 %

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)
=	(114.756	+	63.727	+	4.154)	-	(117.997	+	0	+	0)
=	64.64

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(107.655	+	64.095	+	2.609)	-	(109.375	+	0	+	0)
=	64.984

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:

PHX Energy Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	80.399	/	471.234
	=	17.06 %

PHX Energy Services EBIT Related Terms

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PHX Energy Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PHX Energy Services Corp (TSX:PHX) » Definitions » EBIT

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Traded in Other Exchanges

PHXHF:USA

Address

215 – 9th Avenue South West, Suite 1600, Calgary, AB, CAN, T2P 1K3

Website

https://www.phxtech.com

PHX Energy Services Corp is an oil and natural gas service company. The firm, through its directional drilling subsidiary entities, provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada, the United States, Albania, and the Middle East regions. PHX Energy has developed various new technologies that have positioned the corporation technology in the horizontal and directional drilling services sector in North America. Geographically the company generates the majority of its revenue from the United States.

Executives

Cameron Michael Ritchie	Senior Officer
Phx Energy Services Corp	Issuer
Michael Leslie Buker	Senior Officer
John Michael Hooks	Senior Officer
Garrett Wright	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Karen David-green	Director
Lawrence M. Hibbard	Director
Craig Brown	Senior Officer
Jeffery John Shafer	Senior Officer
Myron Arthur Tetreault	Director
David Raines	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Roger Dale Thomas	Director
Terrance Freeman	Director
Randolph M Charron	Director