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Dolphin Drilling AS (OSL:DDRIL) EBIT : kr-409.4 Mil (TTM As of Mar. 2024)


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What is Dolphin Drilling AS EBIT?

Dolphin Drilling AS's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was kr-198.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was kr-409.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dolphin Drilling AS's annualized ROC % for the quarter that ended in Mar. 2024 was -51.01%. Dolphin Drilling AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -62.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Dolphin Drilling AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -23.76%.


Dolphin Drilling AS EBIT Historical Data

The historical data trend for Dolphin Drilling 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.

Dolphin Drilling AS EBIT Chart

Dolphin Drilling AS Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,653.46 -4,030.30 -640.43 -644.99 -412.77

Dolphin Drilling AS Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -203.27 -2.16 21.45 -230.26 -198.45

Competitive Comparison of Dolphin Drilling AS's EBIT

For the Oil & Gas Drilling subindustry, Dolphin Drilling 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.


Dolphin Drilling AS's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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



Dolphin Drilling 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-409.4 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.


Dolphin Drilling AS  (OSL:DDRIL) EBIT Explanation

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

Dolphin Drilling AS'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 )
=-793.784 * ( 1 - -0.6% )/( (1355.619 + 1775.405)/ 2 )
=-798.546704/1565.512
=-51.01 %

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))
=1749.154 - 135.507 - ( 258.028 - max(0, 552.029 - 967.981+258.028))
=1355.619

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))
=2187.154 - 117.794 - ( 293.955 - max(0, 527.421 - 1024.068+293.955))
=1775.405

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

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

Dolphin Drilling AS'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 )
=-793.784/( ( (766.287 + max(239.376, 0)) + (1163.086 + max(361.873, 0)) )/ 2 )
=-793.784/( ( 1005.663 + 1524.959 )/ 2 )
=-793.784/1265.311
=-62.73 %

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)
=(116.128 + 320.248 + 177.082) - (135.507 + 0 + 238.575)
=239.376

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(78.53 + 375.668 + 275.915) - (117.794 + 0 + 250.446)
=361.873

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-409.418/1722.814
=-23.76 %

* 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.


Dolphin Drilling AS EBIT Related Terms

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Dolphin Drilling AS (OSL:DDRIL) Business Description

Traded in Other Exchanges
Address
Vestre Svanholmen 12, Sandnes, NOR, N-4313
Dolphin Drilling AS along with its subsidiaries provides exploration and development services to the oil and gas industry. The company operates in one segment, providing drilling services to the offshore oil and gas industry. The company generates the majority of the revenue from Mexico.

Dolphin Drilling AS (OSL:DDRIL) Headlines

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