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Montage Resources's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2020 was $-77.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2020 was $-75.0 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Montage Resources's annualized ROC % for the quarter that ended in Sep. 2020 was -8.12%. Montage Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was -17.51%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Montage Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was -8.40%.
The historical data trend for Montage Resources'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.
Montage Resources Annual Data | |||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||
EBIT | Get a 7-Day Free Trial | -982.56 | -155.40 | 58.02 | 72.82 | 89.50 |
Montage Resources Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
EBIT | Get a 7-Day Free Trial | 20.71 | 28.95 | 25.42 | -52.39 | -77.00 |
For the Oil & Gas E&P subindustry, Montage Resources'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.
For the Oil & Gas industry and Energy sector, Montage Resources's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Montage Resources's EV-to-EBIT falls into.
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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-75.0 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.
Montage Resources (NYSE:MR) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Montage Resources's annualized ROC % for the quarter that ended in Sep. 2020 is calculated as:
ROC % (Q: Sep. 2020 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Jun. 2020 ) | + | Invested Capital (Q: Sep. 2020 )) | / count ) |
= | -144.892 * ( 1 - 0% ) | / | ( (1807.391 | + | 1761.861) | / 2 ) |
= | -144.892 | / | 1784.626 | |||
= | -8.12 % |
where
Invested Capital | (Q: Jun. 2020 ) | |||||||||||
= | 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 | )) |
= | 1896.262 | - | 204.816 | - | ( 9.221 | - | max(0, 222.694 | - | 106.749 | + | 9.221 | )) |
= | 1807.391 |
Invested Capital | (Q: Sep. 2020 ) | |||||||||||
= | 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 | )) |
= | 1823.401 | - | 204.602 | - | ( 4.013 | - | max(0, 221.086 | - | 78.024 | + | 4.013 | )) |
= | 1761.861 |
Note: The Operating Income data used here is four times the quarterly (Sep. 2020) data.
2. Joel Greenblatt's definition of Return on Capital:
Montage Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 is calculated as:
ROC (Joel Greenblatt) % | (Q: Sep. 2020 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Jun. 2020 | Q: Sep. 2020 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -307.988 | / | ( ( (1780.395 + max(-123.448, 0)) | + | (1736.621 + max(-144.319, 0)) ) | / | 2 ) |
= | -307.988 | / | ( ( 1780.395 | + | 1736.621 ) | / | 2 ) |
= | -307.988 | / | 1758.508 | ||||
= | -17.51 % |
where Working Capital is:
Working Capital | (Q: Jun. 2020 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (47.696 | + | 0 | + | 37.724) | - | (204.816 | + | 0 | + | 4.052) |
= | -123.448 |
Working Capital | (Q: Sep. 2020 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (53.466 | + | 0 | + | 10.528) | - | (204.602 | + | 0 | + | 3.711) |
= | -144.319 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Montage Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Sep. 2020 ) |
= | -75.017 | / | 893.277 | |
= | -8.40 % |
* 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.
Thank you for viewing the detailed overview of Montage Resources's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Burroughs Mark E Jr | director | 1100 LOUISIANA STREET SUITE 4900 HOUSTON TX 77002 |
D Martin Phillips | director | 1100 LOUISIANA STREET, SUITE 4900, HOUSTON TX 77002 |
Richard D Paterson | director | 5 GREEWAY PLAZA SUITE 100, HOUSTON TX 77046 |
Randall M Albert | director | 5 PENN CENTER WEST, SUITE 401, PITTSBURGH PA 15276 |
Swanson Douglas E Jr | director | 1100 LOUISIANA, SUITE 4900, HOUSTON TX 77002 |
Timothy J. Loos | officer: SVP Accounting and Finance | 122 WEST JOHN CARPENTER FREEWAY SUITE 300 IRVING TX 75039 |
Matthew Rucker | officer: EVP & Chief Operating Officer | 713 MARKET DR, OKLAHOMA CITY OK 73114 |
Michael L Hodges | officer: EVP & Chief Financial Officer | C/O GULFPORT ENERGY CORP, 713 MARKET DR, OKLAHOMA CITY OK 73114 |
Paul M Johnston | officer: EVP & General Counsel | 777 POST OAK BLVD #650 HOUSTON TX 77056 |
John K. Reinhart | director, officer: President and CEO | 713 MARKET DR, OKLAHOMA CITY OK 73114 |
Oleg E Tolmachev | other: Former EVP & COO | 2121 OLD GATESBURG ROAD SUITE 110 STATE COLLEGE PA 16803 |
Michael Jennings | director | 10000 MEMORIAL DRIVE, SUITE 600, HOUSTON TX 77024 |
Robert L Zorich | director | 1100 LOUISIANA, SUITE 4900, HOUSTON TX 77002 |
Eugene I Davis | director | 8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342 |
Todd Bart | officer: VP & Chief Accounting Officer | 2121 OLD GATESBURG ROAD, SUITE 110, STATE COLLEGE PA 16801 |
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