VTDRF (Vantage Drilling International) EBIT: $35.3 Mil (TTM As of Dec. 2022)

What is Vantage Drilling International EBIT?

Vantage Drilling International VTDRF 8 EBIT is $35.3 Mil as of Dec. 2022. GuruFocus rates VTDRF with a GF Score™ of 8/100.

Vantage Drilling International's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2022 was $35.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was $35.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vantage Drilling International's annualized ROC % for the quarter that ended in Dec. 2022 was 0.00%. Vantage Drilling International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 8.10%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vantage Drilling International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 19.23%.

Vantage Drilling International (OTCPK:VTDRF) EBIT Explanation

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

Vantage Drilling International's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2021 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	-23.553 * ( 1 - 100% )	/	( (584.906	+	436.694)	/ 2 )
=	-0	/	510.8
=	0.00 %

where

	Invested Capital		(Q: Dec. 2021 )
=	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	))
=	699.394	-	41.145	-	( 73.343	-	max(0, 69.673	-	285.497	+	73.343	))
=	584.906

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	578.561	-	67.841	-	( 74.026	-	max(0, 123.954	-	220.123	+	74.026	))
=	436.694

Note: The Operating Income data used here is one times the annual (Dec. 2022) data.

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

Vantage Drilling International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2021		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	35.296	/	( ( (382.054 + max(132.42, 0))	+	(340.104 + max(16.883, 0)) )	/	2 )
=	35.296	/	( ( 514.474	+	356.987 )	/	2 )
=	35.296	/	435.7305
=	8.10 %

where Working Capital is:

	Working Capital		(Q: Dec. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(37.527	+	37.58	+	125.276)	-	(41.145	+	12.311	+	14.507)
=	132.42

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(62.776	+	41.25	+	35.291)	-	(67.841	+	45.134	+	9.459)
=	16.883

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

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

Vantage Drilling International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2022 )
	=	35.296	/	183.590
	=	19.23 %

* 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.

Vantage Drilling International EBIT Related Terms

Vantage Drilling International EBIT Historical Data

* Premium members only.

The historical data trend for Vantage Drilling International's EBIT can be seen below:

Vantage Drilling International EBIT Chart

Vantage Drilling International Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-46.16

518.17

-237.82

-71.08

35.30

Vantage Drilling International Semi-Annual Data
	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
EBIT	Get a 7-Day Free Trial											-46.16	518.17	-237.82	-71.08	35.30

VTDRF vs SOC, NBR, NE: EBIT Comparison

For the Oil & Gas Drilling subindustry, Vantage Drilling International'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.

Vantage Drilling International EV-to-EBIT vs Oil & Gas Industry

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

* The bar in red indicates where Vantage Drilling International's EV-to-EBIT falls into.

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Vantage Drilling International Ltd VTDRF

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Vantage Drilling International 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2022 was $35.3 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $35.3 Mil mean?

Vantage Drilling International (VTDRF) has a EBIT of $35.3 Mil as of Dec. 2022. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Vantage Drilling International.

Is Vantage Drilling International's EBIT too high?

Vantage Drilling International's current EBIT is $35.3 Mil. Overall, Vantage Drilling International has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.

How does Vantage Drilling International's EBIT compare to SOC and NBR?

Vantage Drilling International's EBIT of $35.3 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for an Oil & Gas company?

A good EBIT depends on the Oil & Gas industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Vantage Drilling International. Vantage Drilling International's current EBIT is $35.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Vantage Drilling International stock overvalued right now?

Vantage Drilling International (VTDRF) has a current EBIT of $35.3 Mil. The current EBIT is $35.3 Mil. Vantage Drilling International's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Vantage Drilling International (VTDRF), the current EBIT is $35.3 Mil as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Vantage Drilling International Business Description

Industry Energy Oil & Gas

Comparable Companies SOC NBR ADX:ADNOCDRILL NE RIG SAU:2382 VAL SHSE:600871 PTEN HP SDRL SAU:2381 OSL:ODL BORR TSX:PD OSL:PLSV MUS:ABRJ STC:PVD XKLS:5243 KUW:ALFTAQA

Other Exchanges VDI:Norway

Address 777 Post Oak Boulevard, Suite 440, Houston, TX, USA, 77056

Website https://www.vantagedrilling.com

Vantage Drilling International Ltd is an international offshore drilling company engaged in providing contract drilling services and related support services. The company operates through two segments: Drilling Services, which includes activities related to owned rigs, and Managed Services, which involves managing and supporting rigs owned by third parties. It mainly provides offshore drilling services to oil and gas companies in international markets.

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$18.50

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