Pharos Energy (LSE:PHAR) EBIT

: £-16.3 Mil (TTM As of Dec. 2023)

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Pharos Energy's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £-25.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was £-16.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pharos Energy's annualized ROC % for the quarter that ended in Dec. 2023 was 10.93%. Pharos Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -17.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pharos Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -15.33%.

Pharos Energy EBIT Historical Data

The historical data trend for Pharos 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.

Pharos Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

17.78

-175.29

32.49

72.17

-16.27

Pharos Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT																10.08	83.72	-12.48	9.27	-25.52

Competitive Comparison

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

Pharos Energy EV-to-EBIT Distribution

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

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

Pharos 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 semi-annually data reported by the company within the most recent 12 months, which was £-16.3 Mil.

Pharos Energy (LSE:PHAR) EBIT Explanation

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

Pharos 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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	37.762 * ( 1 - -0.58% )	/	( (375.487	+	319.476)	/ 2 )
=	37.9810196	/	347.4815
=	10.93 %

where

	Invested Capital		(Q: Jun. 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	))
=	422.77	-	18.85	-	( 28.433	-	max(0, 45.302	-	84.902	+	28.433	))
=	375.487

	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	))
=	361.03	-	15.8	-	( 25.754	-	max(0, 39.342	-	79.316	+	25.754	))
=	319.476

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Pharos 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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-51.034	/	( ( (276.091 + max(37.62, 0))	+	(221.042 + max(37.762, 0)) )	/	2 )
=	-51.034	/	( ( 313.711	+	258.804 )	/	2 )
=	-51.034	/	286.2575
=	-17.83 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(49.579	+	4.831	+	2.059)	-	(18.85	+	0	+	-0.00099999999999767)
=	37.62

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(49.217	+	2.607	+	1.738)	-	(15.8	+	0	+	0)
=	37.762

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-16.251	/	106.001
	=	-15.33 %

Pharos Energy EBIT Related Terms

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Pharos Energy (LSE:PHAR) Business Description

Industry

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Traded in Other Exchanges

SOCLF:USA PHARl:UK

Address

27/28 Eastcastle Street, Eastcastle House, London, GBR, W1W 8DH

Website

https://www.pharos.energy

Pharos Energy PLC is an independent oil and gas exploration and production company. All of the company's oil and gas revenue is derived from foreign countries which are Vietnam, China and Egypt. The majority of oil and gas revenue is earned in Vietnam.