NorAm Drilling AS (OSL:NORAM) EBIT : kr156 Mil (TTM As of Mar. 2024)

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What is NorAm Drilling AS EBIT?

NorAm Drilling AS's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was kr19 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was kr156 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NorAm Drilling AS's annualized ROC % for the quarter that ended in Mar. 2024 was 8.83%. NorAm Drilling AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.37%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NorAm Drilling AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.08%.

NorAm Drilling AS EBIT Historical Data

The historical data trend for NorAm 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.

NorAm Drilling AS EBIT Chart

NorAm Drilling AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

62.58

-74.33

-110.77

90.59

239.35

NorAm Drilling AS Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial								105.54	104.92	22.13	9.86	19.43

Competitive Comparison of NorAm Drilling AS's EBIT

For the Oil & Gas Equipment & Services subindustry, NorAm 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.

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

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

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

NorAm 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 kr156 Mil.

NorAm Drilling AS (OSL:NORAM) EBIT Explanation

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

NorAm 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 )
=	77.044 * ( 1 - 0% )	/	( (932.894	+	812.706)	/ 2 )
=	77.044	/	872.8
=	8.83 %

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	))
=	1027.701	-	51.449	-	( 128.059	-	max(0, 218.309	-	261.667	+	128.059	))
=	932.894

	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	))
=	974.233	-	60.638	-	( 111.894	-	max(0, 140.154	-	241.043	+	111.894	))
=	812.706

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

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

NorAm 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 )
=	77.724	/	( ( (766.045 + max(-99.122, 0))	+	(733.19 + max(-11.005, 0)) )	/	2 )
=	77.724	/	( ( 766.045	+	733.19 )	/	2 )
=	77.724	/	749.6175
=	10.37 %

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)
=	(119.177	+	0	+	0.0099999999999341)	-	(51.449	+	0	+	166.86)
=	-99.122

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(121.031	+	0	+	8.118)	-	(60.638	+	0	+	79.516)
=	-11.005

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	156.339	/	1550.643
	=	10.08 %

NorAm Drilling AS EBIT Related Terms

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NorAm Drilling AS (OSL:NORAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NorAm Drilling AS (OSL:NORAM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

TM9:Germany

Address

Bryggegata 3, P.O. Box 1327 - Vika, Oslo, NOR, 0112

Website

https://www.noramdrilling.com

NorAm Drilling AS owns and operates a quality rig portfolio of AC driven rigs tailored for the drilling of horizontal wells in the United States land drilling market. NorAm Drilling Company operates all eleven rigs and is financed through a combination of equity investments and intercompany loans, at arm's length terms, from its parent.

NorAm Drilling AS (OSL:NORAM) Headlines

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