Terrace Energy (TSXV:TZR.H) EBIT : C$-0.06 Mil (TTM As of Oct. 2023)

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What is Terrace Energy EBIT?

Terrace Energy's earnings before interest and taxes (EBIT) for the three months ended in Oct. 2023 was C$-0.02 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2023 was C$-0.06 Mil.

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

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Terrace Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 33.33%.

Terrace Energy EBIT Historical Data

The historical data trend for Terrace 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.

Terrace Energy EBIT Chart

Terrace Energy Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

EBIT

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2.04

-4.87

-0.36

1.44

-0.16

Terrace Energy Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
EBIT	Get a 7-Day Free Trial															-0.04	0.01	-0.02	-0.02	-0.02

Competitive Comparison of Terrace Energy's EBIT

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

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

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

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

Terrace 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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.06 Mil.

Terrace Energy (TSXV:TZR.H) EBIT Explanation

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

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

	ROC % (Q: Oct. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2023 )	+	Invested Capital (Q: Oct. 2023 ))	/ count )
=	-0.088 * ( 1 - 0% )	/	( (0	+	0)	/ 2 )
=	-0.088	/	0
=	%

where

	Invested Capital		(Q: Jul. 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	))
=	0.513	-	0.022	-	( 0.498	-	max(0, 0.022	-	0.513	+	0.498	))
=	0

	Invested Capital		(Q: Oct. 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	))
=	0.52	-	0.027	-	( 0.519	-	max(0, 0.027	-	0.52	+	0.519	))
=	0

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

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

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

	ROC (Joel Greenblatt) %		(Q: Oct. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jul. 2023		Q: Oct. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.088	/	( ( (0 + max(-0.007, 0))	+	(0 + max(-0.026, 0)) )	/	2 )
=	-0.088	/	( ( 0	+	0 )	/	2 )
=	-0.088	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jul. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.015	+	0	+	0)	-	(0.022	+	0	+	0)
=	-0.007

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.001	+	0	+	0)	-	(0.027	+	0	+	0)
=	-0.026

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2023 )
	=	-0.057	/	-0.171
	=	33.33 %

Terrace Energy EBIT Related Terms

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Terrace Energy (TSXV:TZR.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Terrace Energy Corp (TSXV:TZR.H) » Definitions » EBIT

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TCRRF:USA

Address

1424 Commercial Drive, PO Box 21546, Vancouver, BC, CAN, V5L 5G2

Website

https://www.terraceenergy.net

Terrace Energy Corp is an oil and gas company. It is engaged in acquiring, exploring, and developing unconventional onshore oil and gas properties in the United States. The group holds an interest in the Maverick County Project.

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