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VAALCO Energy (VAALCO Energy) EBIT

: $153.8 Mil (TTM As of Dec. 2023)
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VAALCO Energy's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $79.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $153.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. VAALCO Energy's annualized ROC % for the quarter that ended in Dec. 2023 was 26.33%. VAALCO Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 57.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. VAALCO Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 23.45%.


VAALCO Energy EBIT Historical Data

The historical data trend for VAALCO 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.

VAALCO Energy 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 20.85 4.53 79.98 174.36 153.75

VAALCO Energy 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 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 75.34 20.50 20.05 33.41 79.80

Competitive Comparison

For the Oil & Gas E&P subindustry, VAALCO 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.


VAALCO Energy EV-to-EBIT Distribution

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

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



VAALCO 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $153.8 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.


VAALCO Energy  (NYSE:EGY) EBIT Explanation

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

VAALCO Energy'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 )
=304.132 * ( 1 - 46.07% )/( (631.402 + 614.313)/ 2 )
=164.0183876/622.8575
=26.33 %

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))
=827.828 - 145.134 - ( 103.353 - max(0, 166.823 - 218.115+103.353))
=631.402

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))
=823.216 - 108.237 - ( 121.001 - max(0, 127.475 - 228.141+121.001))
=614.313

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

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

VAALCO Energy'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 )
=319.18/( ( (559.358 + max(-107.173, 0)) + (552.126 + max(-56.915, 0)) )/ 2 )
=319.18/( ( 559.358 + 552.126 )/ 2 )
=319.18/555.742
=57.43 %

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)
=(22.788 + 9.287 + 16.226) - (145.134 + 0 + 10.34)
=-107.173

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(44.888 + 1.948 + 11.249) - (108.237 + 0 + 6.763)
=-56.915

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=153.751/655.540
=23.45 %

* 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.


VAALCO Energy EBIT Related Terms

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VAALCO Energy (VAALCO Energy) Business Description

Traded in Other Exchanges
Address
9800 Richmond Avenue, Suite 700, Houston, TX, USA, 77042
VAALCO Energy Inc is an independent energy company operating in the United States. It is principally engaged in the acquisition, exploration, development, and production of crude oil and natural gas. The company operates through geographical segments namely Gabon, Egypt, Canada, Equatorial Guinea and Corporate and Other. The company generates maximum revenue from the Gabon segment.
Executives
Andrew Lawrence Fawthrop director 9800 RICHMOND AVE., SUITE 700, HOUSTON TX 77042
Maxwell George W.m. director, officer: Chief Executive Officer 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Ronald Y Bain officer: Chief Financial Officer 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Catherine L Stubbs director 522 HUNTERS PARK, HOUSTON TX 77024
Edward David Lafehr director 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Thor Pruckl officer: Chief Operating Officer 9800 RICHMOND AVE STE 700, HOUSTON TX 77042-4685
Matthew R Powers officer: EVP, Gen. Counsel & Corp. Sect 4203 YOAKUM BLVD, SUITE 100, HOUSTON TX 77042
Timothy Robertson Marchant director 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
David Bruce Cook director 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Fabrice Nze-bekale director 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Bradley Louis Radoff 10 percent owner, other: See Explanation of Responses 2727 KIRBY DRIVE, UNIT 29L, HOUSTON TX 77098
Jason Doornik officer: CAO & Controller 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
David Desautels officer: Vice President 9800 RICHMOND AVENUE, STE 700, HOUSTON TX 77042
William R Thomas director 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Cary M Bounds officer: Chief Operating Officer 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042