Virtus Oil & Gas (Virtus Oil & Gas) EBIT : $-5.92 Mil (TTM As of Feb. 2016)

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What is Virtus Oil & Gas EBIT?

Virtus Oil & Gas's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2016 was $-1.03 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2016 was $-5.92 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Virtus Oil & Gas's annualized ROC % for the quarter that ended in Feb. 2016 was -133.43%. Virtus Oil & Gas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2016 was -164,640.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Virtus Oil & Gas's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2016 was -2,467.92%.

Virtus Oil & Gas EBIT Historical Data

The historical data trend for Virtus Oil & Gas'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.

Virtus Oil & Gas EBIT Chart

Virtus Oil & Gas Annual Data

Trend

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

EBIT

Get a 7-Day Free Trial

-0.02

-0.05

-0.27

-2.51

-5.43

Virtus Oil & Gas Quarterly Data
	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16
EBIT	Get a 7-Day Free Trial															-0.54	-0.59	-0.90	-3.40	-1.03

Competitive Comparison of Virtus Oil & Gas's EBIT

For the Oil & Gas E&P subindustry, Virtus Oil & Gas'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.

Virtus Oil & Gas's EV-to-EBIT Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Virtus Oil & Gas's EV-to-EBIT falls into.

Virtus Oil & Gas 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 Feb. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.92 Mil.

Virtus Oil & Gas (GREY:VOIL) EBIT Explanation

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

Virtus Oil & Gas's annualized ROC % for the quarter that ended in Feb. 2016 is calculated as:

	ROC % (Q: Feb. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Nov. 2015 )	+	Invested Capital (Q: Feb. 2016 ))	/ count )
=	-1.848 * ( 1 - 0% )	/	( (1.206	+	1.564)	/ 2 )
=	-1.848	/	1.385
=	-133.43 %

where

	Invested Capital		(Q: Nov. 2015 )
=	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	))
=	0.035	-	1.775	-	( 0.003	-	max(0, 2.979	-	0.033	+	0.003	))
=	1.206

	Invested Capital		(Q: Feb. 2016 )
=	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	))
=	0.033	-	1.836	-	( 0	-	max(0, 3.397	-	0.03	+	0	))
=	1.564

Note: The Operating Income data used here is four times the quarterly (Feb. 2016) data.

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

Virtus Oil & Gas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2016 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Feb. 2016 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Nov. 2015		Q: Feb. 2016
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.116	/	( ( (0.002 + max(-2.455, 0))	+	(0.003 + max(-2.897, 0)) )	/	2 )
=	-4.116	/	( ( 0.002	+	0.003 )	/	2 )
=	-4.116	/	0.0025
=	-164,640.00 %

where Working Capital is:

	Working Capital		(Q: Nov. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.03)	-	(1.775	+	0	+	0.71)
=	-2.455

	Working Capital		(Q: Feb. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.03)	-	(1.836	+	0	+	1.091)
=	-2.897

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2016) EBIT data.

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

Virtus Oil & Gas's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Feb. 2016 )
	=	-5.923	/	0.240
	=	-2,467.92 %

Virtus Oil & Gas EBIT Related Terms

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Virtus Oil & Gas (Virtus Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Virtus Oil & Gas Corp (GREY:VOIL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1517 San Jacinto Street, Houston, TX, USA, 77002

Website

https://www.virtusoil.com

Virtus Oil & Gas Corp is an oil and gas exploration and development company. It is focused on the acquisition and exploration of oil and natural gas properties. The company operates Tin Cup Mesa Unit and Squaw Canyon, which are located in the Paradox Basin producing in the Upper Ismay formation. Its properties are located at in Iron County in southern Utah of the United States.

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