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Ashdod Refinery (XTAE:ARF) EBIT : ₪397 Mil (TTM As of Mar. 2024)


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What is Ashdod Refinery EBIT?

Ashdod Refinery's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₪-41 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₪397 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ashdod Refinery's annualized ROC % for the quarter that ended in Mar. 2024 was -5.32%. Ashdod Refinery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -6.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ashdod Refinery's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 28.00%.


Ashdod Refinery EBIT Historical Data

The historical data trend for Ashdod Refinery'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.

Ashdod Refinery EBIT Chart

Ashdod Refinery Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
-804.84 -81.60 315.26 700.99

Ashdod Refinery Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 267.04 63.05 322.68 51.93 -40.80

Competitive Comparison of Ashdod Refinery's EBIT

For the Oil & Gas Refining & Marketing subindustry, Ashdod Refinery'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.


Ashdod Refinery's EV-to-EBIT Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Ashdod Refinery's EV-to-EBIT falls into.



Ashdod Refinery 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₪397 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.


Ashdod Refinery  (XTAE:ARF) EBIT Explanation

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

Ashdod Refinery's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-192.864 * ( 1 - 20.83% )/( (2926.361 + 2811.383)/ 2 )
=-152.6904288/2868.872
=-5.32 %

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))
=5107.224 - 1802.55 - ( 834.514 - max(0, 2051.049 - 2429.362+834.514))
=2926.361

Invested Capital(Q: Mar. 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))
=5018.209 - 2106.684 - ( 244.791 - max(0, 2269.877 - 2370.019+244.791))
=2811.383

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

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

Ashdod Refinery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-163.192/( ( (2633.354 + max(-348.642, 0)) + (2603.683 + max(-133.522, 0)) )/ 2 )
=-163.192/( ( 2633.354 + 2603.683 )/ 2 )
=-163.192/2618.5185
=-6.23 %

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)
=(411.693 + 1090.431 + 89.015) - (1802.55 + 0 + 137.231)
=-348.642

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(344.932 + 1683.863 + 7.4179999999997) - (2106.684 + 0 + 63.051)
=-133.522

When net working capital is negative, 0 is used.

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

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

Ashdod Refinery's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=396.858/1417.267
=28.00 %

* 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.


Ashdod Refinery EBIT Related Terms

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Ashdod Refinery (XTAE:ARF) Business Description

Traded in Other Exchanges
N/A
Address
Hanet 1, Ashdod, ISR, 7752169
Ashdod Refinery Ltd is a company involved in imports and refining of crude oil and intermediates for petroleum distillates intended for marketing in the local market and for export purposes.

Ashdod Refinery (XTAE:ARF) Headlines

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