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Petrolia Energy (Petrolia Energy) EBIT : $-1.33 Mil (TTM As of Sep. 2023)


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What is Petrolia Energy EBIT?

Petrolia Energy's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-0.34 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-1.33 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Petrolia Energy's annualized ROC % for the quarter that ended in Sep. 2023 was -14.69%. Petrolia Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -22.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Petrolia Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -40.24%.


Petrolia Energy EBIT Historical Data

The historical data trend for Petrolia Energy'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.

Petrolia Energy EBIT Chart

Petrolia Energy Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -37.87 -2.61 -9.57 2.57 -1.00

Petrolia Energy Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -0.58 -0.02 -0.38 -0.60 -0.34

Competitive Comparison of Petrolia Energy's EBIT

For the Oil & Gas E&P subindustry, Petrolia Energy'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.


Petrolia Energy's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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



Petrolia Energy 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.33 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.


Petrolia Energy  (OTCPK:BBLS) EBIT Explanation

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

Petrolia Energy's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=-1.508 * ( 1 - 0% )/( (10.358 + 10.178)/ 2 )
=-1.508/10.268
=-14.69 %

where

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

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

Petrolia Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.356/( ( (5.982 + max(-6.552, 0)) + (5.947 + max(-5.584, 0)) )/ 2 )
=-1.356/( ( 5.982 + 5.947 )/ 2 )
=-1.356/5.9645
=-22.73 %

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)
=(0 + 0 + 0.00099999999999989) - (6.553 + 0 + 0)
=-6.552

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.001) - (5.585 + 0 + 0)
=-5.584

When net working capital is negative, 0 is used.

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

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

Petrolia Energy's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=-1.331/3.308
=-40.24 %

* 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.


Petrolia Energy EBIT Related Terms

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Petrolia Energy (Petrolia Energy) Business Description

Traded in Other Exchanges
N/A
Address
710 North Post Oak Road, Suite 400, Houston, TX, USA, 77024
Petrolia Energy Corp is an oil exploration, development and production company. It acquire's low risk, conventionally producing oil fields. This allows the company to minimize risk and maximize the recoverability of existing reservoirs. It is focused on acquisitions in the Southwest United States. The company's core assets include Twin Lakes San Andres Unit, Slick Unit Dutcher Sands, Askarii Resources, and Minerva-Rockdale Field.
Executives
Zel C Khan officer: President & CEO 7941 KATY FWY, STE 522, HOUSTON TX 77024
Joel Martin Oppenheim director 2035 SUL ROSS STREET, HOUSTON TX 77098
Mark Merle Allen officer: President 4306 STONECROFT CIRCLE, KATY TX 77450
Richard D Dole director 710 N. POST OAK RD., STE. 512, HOUSTON TX 77024
Ivar Siem director 710 N. POST OAK RD., STE. 512, HOUSTON TX 77024
Horacio Alfredo Fernandez officer: Chief Financial Officer 9531 MEADOWVALE DR., HOUSTON TX 77063
Tariq Nawaz Chaudhary officer: Chief Financial Officer 132 MAGENTA CRESCENT, CHESTERMERE A0 T1X0K9
James Edward Burns director 3322 DESERT INN, MONTGOMERY TX 77356
Quinten Beasley director 416 - 42 STREET SW, CALGARY A0 T3C 1Y3
Paul M Deputy officer: Chief Financial Officer 7842 HIGHLAND FARMS, HOUSTON TX 77095
Lee H Lytton director, officer: Secretary 5804 BABCOCK RD, #400, SAN ANTONIO TX 78240
Leo B Womack director, 10 percent owner 710 N. POST OAK ROAD, SUITE 400, HOUSTON TX 77024
David N Baker 10 percent owner 1020 108TH AVENUE, NE SUITE 1004, BELLEVUE WA 98004
Matthew Robert Ferguson director 11044 RESEARCH BLVD., SUITE A-200, AUSTIN TX 78759
Rick Wilber director, 10 percent owner