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Diamond Offshore Drilling (Diamond Offshore Drilling) EBIT : $40 Mil (TTM As of Dec. 2023)


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What is Diamond Offshore Drilling EBIT?

Diamond Offshore Drilling's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $43 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $40 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Diamond Offshore Drilling's annualized ROC % for the quarter that ended in Dec. 2023 was -63.33%. Diamond Offshore Drilling's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Diamond Offshore Drilling's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.11%.


Diamond Offshore Drilling EBIT Historical Data

The historical data trend for Diamond Offshore Drilling'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.

Diamond Offshore Drilling EBIT Chart

Diamond Offshore Drilling Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
-1,233.51 - -65.18 39.69

Diamond Offshore Drilling Quarterly Data
Dec20 Mar21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -15.14 -6.38 8.41 -5.81 43.46

Competitive Comparison of Diamond Offshore Drilling's EBIT

For the Oil & Gas Drilling subindustry, Diamond Offshore Drilling'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.


Diamond Offshore Drilling's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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



Diamond Offshore Drilling 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $40 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.


Diamond Offshore Drilling  (NYSE:DO) EBIT Explanation

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

Diamond Offshore Drilling's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=178.54 * ( 1 - 609.18% )/( (1476.566 + 1394.571)/ 2 )
=-909.089972/1435.5685
=-63.33 %

where

Invested Capital(Q: Sep. 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))
=1805.808 - 182.416 - ( 146.826 - max(0, 261.485 - 481.018+146.826))
=1476.566

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))
=1712.553 - 193.525 - ( 124.457 - max(0, 296.15 - 457.423+124.457))
=1394.571

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Diamond Offshore Drilling's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=173.848/( ( (1176.147 + max(38.45, 0)) + (1156.368 + max(57.681, 0)) )/ 2 )
=173.848/( ( 1214.597 + 1214.049 )/ 2 )
=173.848/1214.323
=14.32 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(170.596 + 0 + 108.779) - (182.416 + 57.302 + 1.207)
=38.45

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(253.367 + 0 + 76.068) - (193.525 + 76.252 + 1.977)
=57.681

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=39.693/1879.748
=2.11 %

* 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.


Diamond Offshore Drilling EBIT Related Terms

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Diamond Offshore Drilling (Diamond Offshore Drilling) Business Description

Traded in Other Exchanges
Address
15415 Katy Freeway, Houston, TX, USA, 77094
Diamond Offshore Drilling Inc is a leader in offshore drilling, providing contract drilling services to the energy industry around the globe with a total fleet of 12 offshore drilling rigs, consisting of eight semisubmersibles and four dynamically positioned drillships.
Executives
Dominic A Savarino officer: VP and Chief Acct/Tax Officer 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Patrice D Douglas director 1712 CROSSBOW, EDMOND OK 73034
Benjamin Duster director 200 E. 84ST, 8TH FLOOR, NEW YORK NY 10028
Ane Launy director 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Patrick Carey Lowe director 6 CHESTERFIELD GARDENS, 3RD FLOOR, LONDON X0 W1J 5BQ
Adam C Peakes director 13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Bernie G. Wolford director, officer: President and CEO 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 770904
Neal P Goldman director 10700 PARKRIDGE BLVD., RESTON VA 20191
John Hollowell director ONE SHELL PLAZA, 910 LOUISIANA STREET, HOUSTON TX 77002
Raj Iyer director 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Peter Mcteague director 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Alan H Howard director
Anatol Feygin director 700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Scott Lee Kornblau officer: Acting Chief Financial Officer 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Thomas Roth officer: Senior Vice President 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094

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