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SandRidge Mississippian Trust I (SandRidge Mississippian Trust I) EBIT : $5.46 Mil (TTM As of Jun. 2021)


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What is SandRidge Mississippian Trust I EBIT?

SandRidge Mississippian Trust I's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2021 was $4.96 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2021 was $5.46 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SandRidge Mississippian Trust I's annualized ROC % for the quarter that ended in Jun. 2021 was 902.18%. SandRidge Mississippian Trust I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was 902.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SandRidge Mississippian Trust I's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was -91.85%.


SandRidge Mississippian Trust I EBIT Historical Data

The historical data trend for SandRidge Mississippian Trust I'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.

SandRidge Mississippian Trust I EBIT Chart

SandRidge Mississippian Trust I Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.64 6.36 5.53 3.73 1.20

SandRidge Mississippian Trust I Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.48 0.11 0.20 0.18 4.96

Competitive Comparison of SandRidge Mississippian Trust I's EBIT

For the Oil & Gas E&P subindustry, SandRidge Mississippian Trust I'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.


SandRidge Mississippian Trust I's EV-to-EBIT Distribution in the Oil & Gas Industry

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

* The bar in red indicates where SandRidge Mississippian Trust I's EV-to-EBIT falls into.



SandRidge Mississippian Trust I 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.46 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.


SandRidge Mississippian Trust I  (OTCPK:SDTTU) EBIT Explanation

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

SandRidge Mississippian Trust I's annualized ROC % for the quarter that ended in Jun. 2021 is calculated as:

ROC % (Q: Jun. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2021 ) + Invested Capital (Q: Jun. 2021 ))/ count )
=19.848 * ( 1 - 0% )/( (4.4 + 0)/ 2 )
=19.848/2.2
=902.18 %

where

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

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

SandRidge Mississippian Trust I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2021  Q: Jun. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=19.848/( ( (4.4 + max(0, 0)) + (0 + max(0, 0)) )/ 2 )
=19.848/( ( 4.4 + 0 )/ 2 )
=19.848/2.2
=902.18 %

where Working Capital is:

Working Capital(Q: Mar. 2021 )
=(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: Jun. 2021 )
=(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 (Jun. 2021) EBIT data.

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

SandRidge Mississippian Trust I's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2021 )
=5.456/-5.940
=-91.85 %

* 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.


SandRidge Mississippian Trust I EBIT Related Terms

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SandRidge Mississippian Trust I (SandRidge Mississippian Trust I) Business Description

Traded in Other Exchanges
N/A
Address
601 Travis Street, 16th Floor, Houston, TX, USA, 77002
SandRidge Mississippian Trust I is a statutory trust which holds royalty interests in specified oil and natural gas properties located in the Mississippian formation in Alfalfa, Garfield, Grant, and Woods counties in Oklahoma. The royalty interests entitle the Trust to receive most of the proceeds from the sale of oil, natural gas, and natural gas liquids.
Executives
Sandridge Energy Inc 10 percent owner 123 ROBERT S. KERR AVENUE OKLAHOMA CITY OK 73102-6406