ESEA (Euroseas) EBIT : $125.9 Mil (TTM As of Jun. 2024)

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What is Euroseas EBIT?

Euroseas's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was $42.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $125.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Euroseas's annualized ROC % for the quarter that ended in Jun. 2024 was 30.43%. Euroseas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 39.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Euroseas's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 29.68%.

Euroseas EBIT Historical Data

The historical data trend for Euroseas'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.

Euroseas EBIT Chart

Euroseas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1.74

8.17

45.74

111.32

120.98

Euroseas Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
EBIT	Get a 7-Day Free Trial															30.08	34.03	27.23	21.80	42.80

Competitive Comparison of Euroseas's EBIT

For the Marine Shipping subindustry, Euroseas'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.

Euroseas's EV-to-EBIT Distribution in the Transportation Industry

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

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

Euroseas 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 quarterly data reported by the company within the most recent 12 months, which was $125.9 Mil.

Euroseas (NAS:ESEA) EBIT Explanation

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

Euroseas'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: Mar. 2024 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	146.588 * ( 1 - 0% )	/	( (451.648	+	511.727)	/ 2 )
=	146.588	/	481.6875
=	30.43 %

where

	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	))
=	465.944	-	16.954	-	( 49.373	-	max(0, 67.034	-	64.376	+	49.373	))
=	451.648

	Invested Capital		(Q: Jun. 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	))
=	547.536	-	10.898	-	( 69.694	-	max(0, 53.618	-	78.529	+	69.694	))
=	511.727

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

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

Euroseas'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: Mar. 2024		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	171.212	/	( ( (395.725 + max(-16.382, 0))	+	(462.029 + max(-8.472, 0)) )	/	2 )
=	171.212	/	( ( 395.725	+	462.029 )	/	2 )
=	171.212	/	428.877
=	39.92 %

where Working Capital is:

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.709	+	3.06	+	6.276)	-	(16.954	+	11.473	+	0)
=	-16.382

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.784	+	2.76	+	0.97999999999999)	-	(10.898	+	4.098	+	7.105427357601E-15)
=	-8.472

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	125.865	/	424.017
	=	29.68 %

Euroseas EBIT Related Terms

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Euroseas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Euroseas Ltd (NAS:ESEA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

2LE1:Germany 2LE1:Germany

Address

4 Messogiou and Evropis Street, Maroussi, GRC, 151 24

Website

http://www.euroseas.gr

Euroseas Ltd is a shipping company. Its fleet consists of containerships that transport container boxes providing scheduled service between ports. Its operations are managed by an affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. The company employs its vessels on spot and period charters and through pool arrangements.