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Overseas Shipholding Group (Overseas Shipholding Group) EBIT : $104.7 Mil (TTM As of Mar. 2024)


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What is Overseas Shipholding Group EBIT?

Overseas Shipholding Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $24.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $104.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Overseas Shipholding Group's annualized ROC % for the quarter that ended in Mar. 2024 was 7.00%. Overseas Shipholding Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 11.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Overseas Shipholding Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.55%.


Overseas Shipholding Group EBIT Historical Data

The historical data trend for Overseas Shipholding Group'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.

Overseas Shipholding Group EBIT Chart

Overseas Shipholding Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.84 60.23 -35.15 66.52 103.59

Overseas Shipholding Group 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 23.62 21.73 29.84 28.41 24.72

Competitive Comparison of Overseas Shipholding Group's EBIT

For the Oil & Gas Midstream subindustry, Overseas Shipholding Group'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.


Overseas Shipholding Group's EV-to-EBIT Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Overseas Shipholding Group's EV-to-EBIT falls into.



Overseas Shipholding Group 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 $104.7 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.


Overseas Shipholding Group  (NYSE:OSG) EBIT Explanation

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

Overseas Shipholding Group'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 )
=93.952 * ( 1 - 18.39% )/( (1090.121 + 1101.852)/ 2 )
=76.6742272/1095.9865
=7.00 %

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))
=1078.884 - 43.663 - ( 91.157 - max(0, 169.488 - 114.588+91.157))
=1090.121

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))
=1096.84 - 53.165 - ( 97.153 - max(0, 174.149 - 115.972+97.153))
=1101.852

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

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

Overseas Shipholding Group'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 )
=98.892/( ( (871.735 + max(-46.003, 0)) + (888.269 + max(-41.149, 0)) )/ 2 )
=98.892/( ( 871.735 + 888.269 )/ 2 )
=98.892/880.002
=11.24 %

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)
=(12.386 + 1.86 + 0.66200000000001) - (43.663 + 15.752 + 1.496)
=-46.003

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.334 + 6.682 + -1.4210854715202E-14) - (53.165 + 0 + 0)
=-41.149

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:

Overseas Shipholding Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=104.698/1096.738
=9.55 %

* 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.


Overseas Shipholding Group EBIT Related Terms

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Overseas Shipholding Group (Overseas Shipholding Group) Business Description

Traded in Other Exchanges
Address
302 Knights Run Avenue, Tampa, FL, USA, 33602
Overseas Shipholding Group Inc is a tanker company which owns and operates a fleet of oceangoing vessels. It provides energy transportation services, delivering crude oil and petroleum products in the U.S. The company owns and operates a combined fleet of approximately 21 vessels registered in the United States. The company operates in the segment of the U.S. Flag Fleet. Majority of the company's revenue is generated in the form of time charters.
Executives
Samuel H Norton director, officer: President and CEO 58 NE 44TH STREET, MIAMI FL 33133
Elaine Goodman Luria director 7421 GLENEAGLES RD, NORFOLK VA 23505
Douglas D Wheat director, other: Chairman of the Board C/O HAAS WHEAT & PARTNERS LP, 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Cyrus Capital Partners, L.p. director, 10 percent owner, other: SEE REMARKS 65 EAST 55 STREET, 35TH FLOOR, NEW YORK NY 10022
Gary Eugene Taylor director 814 NORTH BEACH BLVD., BAY ST. LOUIS MS 39520
Julie Silcock director
Anja Manuel director C/O OVERSEAS SHIPHOLDING GROUP, INC., 302 KNIGHTS RUN AVENUE, TAMPA FL 33602
Joseph Isaac Kronsberg director 233 PACIFIC STREET, APT 4G, BROOKLYN NY 11201
Saltchuk Resources, Inc. 10 percent owner 450 ALASKAN WAY SOUTH, SUITE 708, SEATTLE WA 98104
Rebecca K Delaet director 34 BEACH AVENUE, LARCHMONT NY 10538
Ty Wallach director C/O PAULSON & CO INC., 1251 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Paulson & Co. Inc. 10 percent owner 1133 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10036
J Patrick Reddy director
Susan Allan officer: VP, General Counsel & Corp Sec 302 KNIGHTS RUN AVENUE, SUITE 1200, TAMPA FL 33602
Richard Trueblood officer: CFO 10812 BULLRUSH TERRACE, LAKEWOOD RANCH FL 34202