TGS ASA (OSL:TGS) EBIT : kr670 Mil (TTM As of Dec. 2023)

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What is TGS ASA EBIT?

TGS ASA's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was kr150 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was kr670 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TGS ASA's annualized ROC % for the quarter that ended in Dec. 2023 was -1.46%. TGS ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 28.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TGS ASA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.09%.

TGS ASA EBIT Historical Data

The historical data trend for TGS ASA'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.

TGS ASA EBIT Chart

TGS ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,212.79

-1,922.28

-741.99

1,325.38

658.91

TGS ASA 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															685.33	-72.37	264.84	327.52	150.43

Competitive Comparison of TGS ASA's EBIT

For the Oil & Gas Equipment & Services subindustry, TGS ASA'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.

TGS ASA's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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

TGS ASA 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 kr670 Mil.

TGS ASA (OSL:TGS) EBIT Explanation

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

TGS ASA'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 )
=	519.032 * ( 1 - 158.24% )	/	( (20719.209	+	20777.94)	/ 2 )
=	-302.2842368	/	20748.5745
=	-1.46 %

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	))
=	22137.218	-	2508.743	-	( 2147.589	-	max(0, 7126.799	-	6036.065	+	2147.589	))
=	20719.209

	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	))
=	20638.994	-	1326.756	-	( 2059.876	-	max(0, 6138.4	-	4672.698	+	2059.876	))
=	20777.94

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

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

TGS ASA'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 )
=	601.736	/	( ( (2071.669 + max(-3839.131, 0))	+	(2219.699 + max(-4035.959, 0)) )	/	2 )
=	601.736	/	( ( 2071.669	+	2219.699 )	/	2 )
=	601.736	/	2145.684
=	28.04 %

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)
=	(1822.352	+	102.389	+	1035.716)	-	(2508.743	+	0	+	4290.845)
=	-3839.131

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(988.605	+	132.553	+	15.623)	-	(1326.756	+	0	+	3845.984)
=	-4035.959

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	670.425	/	16380.170
	=	4.09 %

TGS ASA EBIT Related Terms

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TGS ASA (OSL:TGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TGS ASA (OSL:TGS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

TGSGY:USA TGSo:Sweden 0MSJ:UK TGC:Germany

Address

Askekroken 11, Oslo, NOR, 0277

Website

https://www.tgs.com

TGS ASA provides geoscientific data products and services to the oil and gas industry to assist with licensing rounds and the preparation of regional data programs. It invests in multiclient data projects in frontier, emerging, and mature markets worldwide to develop a library of seismic imaging, well data, and interpretive products and services. Reportable segments are Western Hemisphere, Eastern Hemisphere, Digital Energy Solutions, Data Acquisition and Others. The company offers interpretation studies and services that integrate seismic, well logs, biostratigraphic data, core data and other geoscientific data to create basin-wide regional frameworks. TGS' geoscientists also contract consulting work in geology, geophysics, and petrophysics. Majority revenue comes from Latin America.