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Baker Hughes Co (Baker Hughes Co) EBIT : $2,729 Mil (TTM As of Mar. 2024)


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What is Baker Hughes Co EBIT?

Baker Hughes Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $682 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $2,729 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Baker Hughes Co's annualized ROC % for the quarter that ended in Mar. 2024 was 6.39%. Baker Hughes Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 55.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Baker Hughes Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.47%.


Baker Hughes Co EBIT Historical Data

The historical data trend for Baker Hughes 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.

Baker Hughes Co EBIT Chart

Baker Hughes Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 990.00 -14,938.00 727.00 274.00 2,871.00

Baker Hughes Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 824.00 672.00 808.00 567.00 682.00

Competitive Comparison of Baker Hughes Co's EBIT

For the Oil & Gas Equipment & Services subindustry, Baker Hughes 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.


Baker Hughes Co's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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



Baker Hughes 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,729 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.


Baker Hughes Co  (NAS:BKR) EBIT Explanation

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

Baker Hughes Co'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 )
=2640 * ( 1 - 27.77% )/( (29828 + 29829)/ 2 )
=1906.872/29828.5
=6.39 %

where

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

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

Baker Hughes Co'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 )
=2728/( ( (4892 + max(-230, 0)) + (4931 + max(-339, 0)) )/ 2 )
=2728/( ( 4892 + 4931 )/ 2 )
=2728/4911.5
=55.54 %

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)
=(6033 + 5094 + 1486) - (4471 + 5542 + 2830)
=-230

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5863 + 5339 + 1491) - (4595 + 5711 + 2726)
=-339

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=2729/36521.321
=7.47 %

* 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.


Baker Hughes Co EBIT Related Terms

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Baker Hughes Co (Baker Hughes Co) Business Description

Address
17021 Aldine Westfield Road, Houston, TX, USA, 77073-5101
Baker Hughes is a global leader in oilfield services and oilfield equipment, with particularly strong presences in the artificial lift, specialty chemicals, and completions markets. It maintains modest exposure to offshore oil and gas production. The other half of its business focuses on industrial power generation, process solutions, and industrial asset management, with high exposure to the liquid natural gas market specifically, as well as broader industrials end markets.
Executives
Maria C Borras officer: EVP, Oilfield Services & Equip 2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019
Regina Jones officer: Chief Legal Officer 7102 COMMERCE WAY, BRENTWOOD TN 37027
Lorenzo Simonelli director, officer: Chairman, President and CEO 17021 ALDINE WESTFIELD ROAD, HOUSTON TX 77073
James E Apostolides officer: SVP, Enterprise Op Excellence 17021 ALDINE WESTFIELD RD, HOUSTON TX 77073
Rebecca L Charlton officer: SVP, Controller & CAO 17021 ALDINE WESTFIELD ROAD, HOUSTON TX 77073
Nelda J Connors director BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
Mohsen Sohi director C/O STERIS CORPORATION, 5960 HEISLEY ROAD, MENTOR OH 44060
Michael R Dumais director 870 WINTER STREET, WALTHAM MA 02451
William G Beattie director GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
John G Rice director GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
Lynn Laverty Elsenhans director 6400 POPLAR AVENUE, MEMPHIS TN 38197
Cynthia B Carroll director C/O ALCAN INC., 1188 SHERBROOKE STREET WEST, MONTREAL A8 H3A 3G2
Gregory D Brenneman director
Kurt Camilleri officer: SVP/Controller/Chief Acctg Off 17021 ALDINE WESTFIELD ROAD, HOUSTON TX 77073
Sreeganesh Ramaswamy officer: EVP, Industrial & Energy Tech 5757 N. GREEN BAY AVENUE, MILWAUKEE WI 53209