San Juan Basin Royalty Trust (San Juan Basin Royalty Trust) EBIT : $51.49 Mil (TTM As of Dec. 2023)

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What is San Juan Basin Royalty Trust EBIT?

San Juan Basin Royalty Trust's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $3.60 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $51.49 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. San Juan Basin Royalty Trust's annualized ROC % for the quarter that ended in Dec. 2023 was 520.62%. San Juan Basin Royalty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 520.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. San Juan Basin Royalty Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 26.02%.

San Juan Basin Royalty Trust EBIT Historical Data

The historical data trend for San Juan Basin Royalty 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.

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San Juan Basin Royalty Trust EBIT Chart

San Juan Basin Royalty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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8.07

7.41

35.97

77.54

51.49

San Juan Basin Royalty 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															28.73	35.93	8.03	3.93	3.60

Competitive Comparison of San Juan Basin Royalty Trust's EBIT

For the Oil & Gas E&P subindustry, San Juan Basin Royalty 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.

San Juan Basin Royalty Trust's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, San Juan Basin Royalty Trust's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where San Juan Basin Royalty Trust's EV-to-EBIT falls into.

San Juan Basin Royalty 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 $51.49 Mil.

San Juan Basin Royalty Trust (NYSE:SJT) EBIT Explanation

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

San Juan Basin Royalty 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 )
=	14.416 * ( 1 - 0% )	/	( (2.784	+	2.754)	/ 2 )
=	14.416	/	2.769
=	520.62 %

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	))
=	6.291	-	2.507	-	( 3.507	-	max(0, 2.507	-	3.507	+	3.507	))
=	2.784

	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	))
=	4.328	-	0.574	-	( 1.574	-	max(0, 0.574	-	1.574	+	1.574	))
=	2.754

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

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

San Juan Basin Royalty 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 )
=	14.416	/	( ( (2.784 + max(-2.507, 0))	+	(2.753 + max(-0.574, 0)) )	/	2 )
=	14.416	/	( ( 2.784	+	2.753 )	/	2 )
=	14.416	/	2.7685
=	520.72 %

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)	-	(2.507	+	0	+	0)
=	-2.507

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.574	+	0	+	0)
=	-0.574

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:

San Juan Basin Royalty Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	51.49	/	197.911
	=	26.02 %

San Juan Basin Royalty Trust EBIT Related Terms

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San Juan Basin Royalty Trust (San Juan Basin Royalty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » San Juan Basin Royalty Trust (NYSE:SJT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2200 Post Oak Boulevard, Floor 18, Houston, TX, USA, 77056

Website

http://www.sjbrt.com

San Juan Basin Royalty Trust is an energy sector royalty trust in the United States. It owns approximately 75% net profit interest in a large number of natural gas properties in the San Juan Basin of New Mexico. About 98% of the royalties San Juan collects come from natural gas, with the balance coming from oil.

Executives

J Taylor Crandall	10 percent owner	2775 SAND HILL RD, SUITE 220, MENLO PARK CA 94025
Bruce Robert W Iii	10 percent owner
Algenpar Inc	10 percent owner
Alpine Capital Lp	10 percent owner