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WSSTF (Western Bulk Chartering AS) EBIT : $-7 Mil (TTM As of Jun. 2024)


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What is Western Bulk Chartering AS EBIT?

Western Bulk Chartering AS's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was $3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $-7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Western Bulk Chartering AS's annualized ROC % for the quarter that ended in Jun. 2024 was -8.17%. Western Bulk Chartering AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 32.47%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Western Bulk Chartering AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -28.89%.


Western Bulk Chartering AS EBIT Historical Data

The historical data trend for Western Bulk Chartering AS'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.

Western Bulk Chartering AS EBIT Chart

Western Bulk Chartering AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -31.73 4.20 85.31 68.24 -13.84

Western Bulk Chartering AS Semi-Annual Data
Dec18 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 39.93 28.31 -4.10 -9.74 3.17

Competitive Comparison of Western Bulk Chartering AS's EBIT

For the Marine Shipping subindustry, Western Bulk Chartering AS'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.


Western Bulk Chartering AS's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Western Bulk Chartering AS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Western Bulk Chartering AS's EV-to-EBIT falls into.



Western Bulk Chartering AS 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 $-7 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.


Western Bulk Chartering AS  (OTCPK:WSSTF) EBIT Explanation

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

Western Bulk Chartering AS'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 )
=-2.192 * ( 1 - 16.01% )/( (12.415 + 32.658)/ 2 )
=-1.8410608/22.5365
=-8.17 %

where

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:

Western Bulk Chartering AS'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 )
=6.33/( ( (0.263 + max(9.967, 0)) + (0.363 + max(28.4, 0)) )/ 2 )
=6.33/( ( 10.23 + 28.763 )/ 2 )
=6.33/19.4965
=32.47 %

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)
=(24.369 + 52.599 + 0) - (67.001 + 0 + 0)
=9.967

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(41.266 + 50.064 + 0) - (62.93 + 0 + 0)
=28.4

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:

Western Bulk Chartering AS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-6.571/22.741
=-28.89 %

* 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.


Western Bulk Chartering AS EBIT Related Terms

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Western Bulk Chartering AS Business Description

Traded in Other Exchanges
Address
Henrik Ibsensgate 100, PO Box 2868, Solli, Oslo, NOR, 0230
Western Bulk Chartering AS is a transporter of dry bulk commodities. Its commodities include coal, minerals, steel products, cement, agriculture or grains, ferrous ores, and fertilizers, among others. It operates in dry bulk vessels in the Panamax to Handysize segment. Geographic diversification is the Far East, Europe, India, North America, Africa, South America, and the Middle East.

Western Bulk Chartering AS Headlines

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