>
Switch to:

Cenovus Energy EBIT

: $-92 Mil (TTM As of Mar. 2021)
View and export this data going back to 2009. Start your Free Trial

Cenovus Energy's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2021 was $420 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2021 was $-92 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cenovus Energy's annualized ROC % for the quarter that ended in Mar. 2021 was 7.12%. Cenovus Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2021 was 6.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cenovus Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2021 was -0.31%.


Cenovus Energy EBIT Historical Data

* 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.

Cenovus Energy Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -324.61 2,220.22 -2,479.16 1,428.35 -2,122.73

Cenovus Energy Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,463.47 -174.14 -176.11 -161.61 420.08

Cenovus 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 Mar. 2021 was -174.1440377804 (Jun. 2020 ) + -176.1148904006 (Sep. 2020 ) + -161.60512139902 (Dec. 2020 ) + 420.08115204074 (Mar. 2021 ) = $-92 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.


Cenovus Energy  (NYSE:CVE) EBIT Explanation

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

Cenovus Energy's annualized ROC % for the quarter that ended in Mar. 2021 is calculated as:

ROC % (Q: Mar. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2020 ) + Invested Capital (Q: Mar. 2021 ))/ count )
=2937.3856313151 * ( 1 - 25.17% )/( (23834.803653681 + 37870.156734824)/ 2 )
=2198.0456679131/30852.480194252
=7.12 %

where

Invested Capital(Q: Dec. 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))
=25583.574049496 - 1453.6653915216 - ( 295.10500429386 - max(0, 1841.6738230931 - 2323.3663830119+295.10500429386))
=23834.803653681

Invested Capital(Q: Mar. 2021 )
=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))
=42192.696316334 - 3627.9735858063 - ( 694.56599570372 - max(0, 4225.4753759249 - 5737.1310366775+694.56599570372))
=37870.156734824

Note: The Operating Income data used here is four times the quarterly (Mar. 2021) data.

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

Cenovus Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2020  Q: Mar. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1680.3246081629/( ( (21213.990163167 + max(-583.96440003123, 0)) + (32912.721775798 + max(1247.5137242422, 0)) )/ 2 )
=1680.3246081629/( ( 21213.990163167 + 34160.23550004 )/ 2 )
=1680.3246081629/27687.112831603
=6.07 %

where Working Capital is:

Working Capital(Q: Dec. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(74.947302677805 + 850.18346475135 + 94.464829416816) - (1453.6653915216 + 0 + 149.89460535561)
=-583.96440003123

Working Capital(Q: Mar. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2780.6508075424 + 2252.3669345214 + 9.0949470177293E-13) - (3627.9735858063 + 0 + 157.53043201528)
=1247.5137242422

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2021) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2021 )
=-91.782897539287/29540.062
=-0.31 %

* 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.


Cenovus Energy EBIT Related Terms


Cenovus Energy EBIT Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)