Eurasia Drilling Co (LSE:EDCL) EBIT : $421 Mil (TTM As of Jun. 2015)

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What is Eurasia Drilling Co EBIT?

Eurasia Drilling Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2015 was $140 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2015 was $421 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Eurasia Drilling Co's annualized ROC % for the quarter that ended in Jun. 2015 was 8.83%. Eurasia Drilling Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was 13.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Eurasia Drilling Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was 17.35%.

Eurasia Drilling Co EBIT Historical Data

The historical data trend for Eurasia Drilling Co'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.

Eurasia Drilling Co EBIT Chart

Eurasia Drilling Co Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

EBIT

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294.29

419.76

557.51

640.72

568.98

Eurasia Drilling Co Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
EBIT	Get a 7-Day Free Trial								312.50	328.22	287.83	281.15	140.13

Competitive Comparison of Eurasia Drilling Co's EBIT

For the Oil & Gas Drilling subindustry, Eurasia Drilling Co'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.

Eurasia Drilling Co's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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

Eurasia Drilling Co 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. 2015 adds up the semi-annually data reported by the company within the most recent 12 months, which was $421 Mil.

Eurasia Drilling Co (LSE:EDCL) EBIT Explanation

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

Eurasia Drilling Co's annualized ROC % for the quarter that ended in Jun. 2015 is calculated as:

	ROC % (Q: Jun. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2014 )	+	Invested Capital (Q: Jun. 2015 ))	/ count )
=	256.424 * ( 1 - 25.36% )	/	( (2078.52	+	2255.877)	/ 2 )
=	191.3948736	/	2167.1985
=	8.83 %

where

	Invested Capital		(Q: Dec. 2014 )
=	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	))
=	2685.913	-	280.338	-	( 327.055	-	max(0, 413.776	-	858.121	+	327.055	))
=	2078.52

	Invested Capital		(Q: Jun. 2015 )
=	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	))
=	2839.248	-	310.348	-	( 370.241	-	max(0, 642.165	-	915.188	+	370.241	))
=	2255.877

Note: The Operating Income data used here is two times the semi-annual (Jun. 2015) data.

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

Eurasia Drilling Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2014		Q: Jun. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	280.262	/	( ( (1724.105 + max(243.741, 0))	+	(1818.992 + max(225.393, 0)) )	/	2 )
=	280.262	/	( ( 1967.846	+	2044.385 )	/	2 )
=	280.262	/	2006.1155
=	13.97 %

where Working Capital is:

	Working Capital		(Q: Dec. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(242.904	+	140.025	+	148.137)	-	(280.338	+	0	+	6.987)
=	243.741

	Working Capital		(Q: Jun. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(267.73	+	159.808	+	117.409)	-	(310.348	+	0	+	9.2059999999999)
=	225.393

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2015) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2015 )
	=	421.284	/	2427.532
	=	17.35 %

Eurasia Drilling Co EBIT Related Terms

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Eurasia Drilling Co (LSE:EDCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eurasia Drilling Co Ltd (LSE:EDCL) » Definitions » EBIT

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Address

Website

http://www.eurasiadrilling.com

Eurasia Drilling Co Ltd was incorporated on November 25, 2002 under the Law of the Cayman Islands. The Company is engaged in providing exploratory and developmental drilling and oil and gas field services to companies operating within the Russian Federation, Kazakhstan, Iraq and the Caspian Sea region. The Company operates in two operating and geographical segments: onshore drilling conducted in the CIS and off-shore drilling conducted in the Caspian Sea.

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