Aker Solutions ASA (Aker Solutions ASA) EBIT : $27 Mil (TTM As of Dec. 2023)

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What is Aker Solutions ASA EBIT?

Aker Solutions ASA's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $-104 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $27 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aker Solutions ASA's annualized ROC % for the quarter that ended in Dec. 2023 was -7.03%. Aker Solutions ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -38.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aker Solutions ASA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.09%.

Aker Solutions ASA EBIT Historical Data

The historical data trend for Aker Solutions 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.

Aker Solutions ASA EBIT Chart

Aker Solutions ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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109.49

-93.03

100.54

24.29

30.52

Aker Solutions ASA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															51.78	91.00	-65.49	131.62	-104.18

Competitive Comparison of Aker Solutions ASA's EBIT

For the Oil & Gas Equipment & Services subindustry, Aker Solutions 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.

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

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

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

Aker Solutions 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 semi-annually data reported by the company within the most recent 12 months, which was $27 Mil.

Aker Solutions ASA (OTCPK:AKRTF) EBIT Explanation

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

Aker Solutions 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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-227.69 * ( 1 - 21% )	/	( (2087.27	+	3032.778)	/ 2 )
=	-179.8751	/	2560.024
=	-7.03 %

where

	Invested Capital		(Q: Jun. 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	))
=	3536.827	-	1274.128	-	( 748.212	-	max(0, 2014.746	-	2190.175	+	748.212	))
=	2087.27

	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	))
=	3910.459	-	330.73	-	( 1110.584	-	max(0, 1727.681	-	2274.632	+	1110.584	))
=	3032.778

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Aker Solutions 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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-208.354	/	( ( (597.143 + max(-1051.924, 0))	+	(475.762 + max(-1018.73, 0)) )	/	2 )
=	-208.354	/	( ( 597.143	+	475.762 )	/	2 )
=	-208.354	/	536.4525
=	-38.84 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(560.001	+	32.696	+	301.398)	-	(1274.128	+	0	+	671.891)
=	-1051.924

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(499.27	+	4.171	+	146.834)	-	(330.73	+	0	+	1338.275)
=	-1018.73

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	27.441	/	1310.390
	=	2.09 %

Aker Solutions ASA EBIT Related Terms

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Aker Solutions ASA (Aker Solutions ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aker Solutions ASA (OTCPK:AKRTF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

AKSOo:Sweden AKSO:Norway AKSOo:UK 0QXP:UK 1AKA:Germany

Address

Oksenoyveien 8, Lysaker, Fornebu, NOR, 1366

Website

https://www.akersolutions.com

Aker Solutions ASA delivers integrated solutions, products, and services to the global energy industry. The company offers low-carbon oil and gas solutions and develops renewable solutions. Aker Solutions serves customers worldwide. Its reporting segments include Renewables and Field Development segment, the Electrification, Maintenance and Modifications (EMM) segment, Subsea segment, and Other.