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Velocity Energy (Velocity Energy) EBIT : $-6.28 Mil (TTM As of Jun. 2009)


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What is Velocity Energy EBIT?

Velocity Energy's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2009 was $-0.91 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2009 was $-6.28 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Velocity Energy's annualized ROC % for the quarter that ended in Jun. 2009 was -27.64%. Velocity Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2009 was -56.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.


Velocity Energy EBIT Historical Data

The historical data trend for Velocity 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.

Velocity Energy EBIT Chart

Velocity Energy Annual Data
Trend Dec05 Dec06 Dec07 Dec08
EBIT
-0.37 -0.64 -0.71 -5.38

Velocity Energy Quarterly Data
Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09
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 0.01 -1.05 -3.18 -1.14 -0.91

Competitive Comparison of Velocity Energy's EBIT

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


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

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

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



Velocity 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 Jun. 2009 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.28 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.


Velocity Energy  (OTCPK:VCYE) EBIT Explanation

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

Velocity Energy's annualized ROC % for the quarter that ended in Jun. 2009 is calculated as:

ROC % (Q: Jun. 2009 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2009 ) + Invested Capital (Q: Jun. 2009 ))/ count )
=-3.628 * ( 1 - 0% )/( (8.219 + 18.036)/ 2 )
=-3.628/13.1275
=-27.64 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2009) data.

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

Velocity Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2009 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2009 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2009  Q: Jun. 2009
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-3.628/( ( (6.096 + max(0.731, 0)) + (6.092 + max(-0.554, 0)) )/ 2 )
=-3.628/( ( 6.827 + 6.092 )/ 2 )
=-3.628/6.4595
=-56.17 %

where Working Capital is:

Working Capital(Q: Mar. 2009 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.047 + 0 + 2.58) - (1.895 + 0.001 + 0)
=0.731

Working Capital(Q: Jun. 2009 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.031 + 0 + 1.797) - (2.382 + 0 + 0)
=-0.554

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2009) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2009 )
=-6.28/0.000
= %

* 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.


Velocity Energy EBIT Related Terms

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Velocity Energy (Velocity Energy) Business Description

Traded in Other Exchanges
N/A
Address
523 North Sam Houston Parkway East, Suite 175, Houston, TX, USA, 77060
Velocity Energy Inc is an oil and gas exploration and production company. It is engaged in the acquisition, development, exploration and production of natural gas and oil.
Executives
Michael J Pawelek director, officer: President and CEO 300 EAST SONTERRA BLVD. STE 1220 SAN ANTONIO TX 78258
Peter Benz 10 percent owner 171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Longview Fund Lp 10 percent owner VIKING ASSET MANAGEMENT LLC, 66 BOVET ROAD, SUITE 320, SAN MATEO, CA 94402
Howard J Taylor director, 10 percent owner, officer: CEO STE. 194 48 PAR LA VILLE RD HAMILTON D0 HM11

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