Chesapeake Granite Wash Trust (Chesapeake Granite Wash Trust) EBIT : $8.05 Mil (TTM As of Dec. 2023)

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What is Chesapeake Granite Wash Trust EBIT?

Chesapeake Granite Wash Trust's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $1.41 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $8.05 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chesapeake Granite Wash Trust's annualized ROC % for the quarter that ended in Dec. 2023 was 74.00%. Chesapeake Granite Wash Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 74.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Chesapeake Granite Wash Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 32.33%.

Chesapeake Granite Wash Trust EBIT Historical Data

The historical data trend for Chesapeake Granite Wash Trust'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.

Chesapeake Granite Wash Trust EBIT Chart

Chesapeake Granite Wash Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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7.63

3.40

6.54

12.99

8.05

Chesapeake Granite Wash Trust 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															3.38	3.54	2.27	0.83	1.41

Competitive Comparison of Chesapeake Granite Wash Trust's EBIT

For the Oil & Gas E&P subindustry, Chesapeake Granite Wash Trust'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.

Chesapeake Granite Wash Trust's EV-to-EBIT Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Chesapeake Granite Wash Trust's EV-to-EBIT falls into.

Chesapeake Granite Wash Trust 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 $8.05 Mil.

Chesapeake Granite Wash Trust (OTCPK:CHKR) EBIT Explanation

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

Chesapeake Granite Wash Trust'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 )
=	5.62 * ( 1 - 0% )	/	( (7.674	+	7.516)	/ 2 )
=	5.62	/	7.595
=	74.00 %

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	))
=	10.439	-	0	-	( 2.765	-	max(0, 0	-	2.765	+	2.765	))
=	7.674

	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	))
=	10.204	-	0	-	( 2.688	-	max(0, 0	-	2.688	+	2.688	))
=	7.516

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

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

Chesapeake Granite Wash Trust'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 )
=	5.62	/	( ( (7.674 + max(0, 0))	+	(7.516 + max(0, 0)) )	/	2 )
=	5.62	/	( ( 7.674	+	7.516 )	/	2 )
=	5.62	/	7.595
=	74.00 %

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)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

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

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:

Chesapeake Granite Wash Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	8.048	/	24.895
	=	32.33 %

Chesapeake Granite Wash Trust EBIT Related Terms

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Chesapeake Granite Wash Trust (Chesapeake Granite Wash Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chesapeake Granite Wash Trust (OTCPK:CHKR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Travis Street, Floor 16, Houston, TX, USA, 77002

Website

http://www.chkgranitewashtrust.com

Chesapeake Granite Wash Trust is a statutory trust which is formed to own the royalty interests for the benefit of trust unitholders. The Royalty Interests are derived from Chesapeake Energy Corporation's interests in specified oil and natural gas properties located in the Colony Granite Wash play in Washita County in the Anadarko Basin of western Oklahoma. The trust also has an interest in producing Wells and the development Wells. Majority revenue of the company comes from oil, natural gas and NGL.

Executives

Chesapeake Energy Corp	10 percent owner	6100 NORTH WESTERN AVE, OKLAHOMA CITY OK 73118
Chesapeake Exploration Llc	10 percent owner	6100 N. WESTERN AVENUE, PO BOX 18496, OKC OK 73154-0496