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ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) EBIT : د.إ4,424 Mil (TTM As of Mar. 2024)


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What is ADNOC Drilling Company PJSC EBIT?

ADNOC Drilling Company PJSC's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was د.إ1,220 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was د.إ4,424 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ADNOC Drilling Company PJSC's annualized ROC % for the quarter that ended in Mar. 2024 was 22.14%. ADNOC Drilling Company PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 26.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ADNOC Drilling Company PJSC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.79%.


ADNOC Drilling Company PJSC EBIT Historical Data

The historical data trend for ADNOC Drilling Company PJSC'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.

ADNOC Drilling Company PJSC EBIT Chart

ADNOC Drilling Company PJSC Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 2,338.56 2,183.18 2,283.21 3,073.18 4,067.43

ADNOC Drilling Company PJSC Quarterly Data
Dec18 Dec19 Jun20 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 863.21 895.83 1,006.62 1,301.77 1,219.53

Competitive Comparison of ADNOC Drilling Company PJSC's EBIT

For the Oil & Gas Drilling subindustry, ADNOC Drilling Company PJSC'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.


ADNOC Drilling Company PJSC's EV-to-EBIT Distribution in the Oil & Gas Industry

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

* The bar in red indicates where ADNOC Drilling Company PJSC's EV-to-EBIT falls into.



ADNOC Drilling Company PJSC 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 د.إ4,424 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.


ADNOC Drilling Company PJSC  (ADX:ADNOCDRILL) EBIT Explanation

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

ADNOC Drilling Company PJSC'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 )
=4805.104 * ( 1 - 9.12% )/( (19419.076 + 20028.604)/ 2 )
=4366.8785152/19723.84
=22.14 %

where

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))
=24756.702 - 4036.924 - ( 1300.702 - max(0, 4205.615 - 6286.719+1300.702))
=19419.076

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))
=25008.029 - 4076.505 - ( 902.92 - max(0, 4369.697 - 6305.709+902.92))
=20028.604

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

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

ADNOC Drilling Company PJSC'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 )
=4878.112/( ( (18443.955 + max(-2778.091, 0)) + (18350.469 + max(-2850.519, 0)) )/ 2 )
=4878.112/( ( 18443.955 + 18350.469 )/ 2 )
=4878.112/18397.212
=26.52 %

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)
=(16.103 + 757.038 + 519.094) - (4036.924 + 0 + 33.402)
=-2778.091

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15.809 + 798.154 + 445.425) - (4076.505 + 0 + 33.402)
=-2850.519

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:

ADNOC Drilling Company PJSC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=4423.743/76406.264
=5.79 %

* 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.


ADNOC Drilling Company PJSC EBIT Related Terms

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ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Business Description

Traded in Other Exchanges
N/A
Address
P.O Box 4017, Abu Dhabi, ARE
ADNOC Drilling Company PJSC is engaged in providing drilling services and supporting marine equipment, and the hiring out of onshore and offshore drilling rigs on behalf of related parties involved in onshore and offshore oil and gas exploration. The operating business segments are Onshore, Offshore Jack-up, Offshore Island, and OilField Service, with maximum revenue from Onshore segment.

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Headlines

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