Flotek Industries (Flotek Industries) EBIT : $27.7 Mil (TTM As of Dec. 2023)

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What is Flotek Industries EBIT?

Flotek Industries's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $2.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $27.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Flotek Industries's annualized ROC % for the quarter that ended in Dec. 2023 was 8.29%. Flotek Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 28.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Flotek Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 24.11%.

Flotek Industries EBIT Historical Data

The historical data trend for Flotek Industries'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.

Flotek Industries EBIT Chart

Flotek Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-73.79

-142.57

-30.49

-35.28

27.72

Flotek Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-16.69	23.02	0.69	1.53	2.48

Competitive Comparison of Flotek Industries's EBIT

For the Oil & Gas Equipment & Services subindustry, Flotek Industries'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.

Flotek Industries's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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

Flotek Industries 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $27.7 Mil.

Flotek Industries (NYSE:FTK) EBIT Explanation

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

Flotek Industries's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	9.604 * ( 1 - 2.37% )	/	( (111.042	+	115.276)	/ 2 )
=	9.3763852	/	113.159
=	8.29 %

where

	Invested Capital		(Q: Sep. 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	))
=	152.516	-	37.021	-	( 4.453	-	max(0, 45.236	-	73.206	+	4.453	))
=	111.042

	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	))
=	157.513	-	36.386	-	( 5.851	-	max(0, 47.782	-	76.447	+	5.851	))
=	115.276

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Flotek Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	9.9	/	( ( (9.975 + max(22.028, 0))	+	(10.159 + max(27.12, 0)) )	/	2 )
=	9.9	/	( ( 32.003	+	37.279 )	/	2 )
=	9.9	/	34.641
=	28.58 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(40.333	+	15.885	+	4.719)	-	(37.021	+	0.754	+	1.134)
=	22.028

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(48.256	+	12.838	+	3.666)	-	(36.386	+	0.55	+	0.70399999999999)
=	27.12

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	27.718	/	114.957
	=	24.11 %

Flotek Industries EBIT Related Terms

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Flotek Industries (Flotek Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Flotek Industries Inc (NYSE:FTK) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

8846 North Sam Houston Parkway West, Suite 150, Houston, TX, USA, 77064

Website

https://www.flotekind.com

Flotek Industries Inc delivers chemistry-based technology solutions for energy, industrial, and consumer applications. It develops and supplies chemistry and services to the oil and gas industries, and high-value compounds to companies that make food and beverages, cleaning products, cosmetics, and others. The company operates in the Chemistry Technologies segment which designs, develops, manufactures, packages, and markets chemistries that market specialty chemicals. Its Data Analytics segment enables users to maximize the value of their hydrocarbon-associated processes by providing analytics associated with the streams in seconds rather than minutes or days.

Executives

David Nierenberg	director	19605 NE 8TH STREET, CAMAS WA 98607
Ryan Gillis Ezell	officer: SVP, Operations	10603 N. SAM HOUSTON PARKWAY W., SUITE 300, HOUSTON TX 77064
Matthew Wilks	director	17010 IH-20, CISCO TX 76437
James Bond Clement	officer: Chief Financial Officer	400 E. KALISTE SALOOM ROAD, SUITE 6000, LAFAYETTE LA 70508
Harshavardhan V Agadi	director	5755 NORTH POINT PKWAY #266, ALPHARETTA GA 30022
Gibson John W Jr	director, officer: CEO and President	10603 W. SAM HOUSTON PKWY N., SUITE 300, HOUSTON TX 77064
Profrac Holding Corp.	10 percent owner	333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Evan R Farber	director	7903 KENTUCKY AVE., BETHESDA MD 20814
Seham Saleh Carson	officer: Interim CFO	3318 RAVENS ROOST, MISSOURI CITY TX 77459
Profrac Holdings Ii, Llc	10 percent owner	333 SHOPS BLVD., SUITE 301, WILLOW PARK TX 76087
Profrac Holdings, Llc	10 percent owner	333 SHOPS BLVD., SUITE 301, WILLOW PARK TX 76087
Thrc Management, Llc	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437
Thrc Holdings, Lp	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437
Staci Wilks	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437
Farris Wilks	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437