GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ECA Marcellus Trust I (OTCPK:ECTM) » Definitions » Degree of Operating Leverage

ECTM (ECA Marcellus Trust I) Degree of Operating Leverage : 1.64 (As of Mar. 2025)


View and export this data going back to 2010. Start your Free Trial

What is ECA Marcellus Trust I Degree of Operating Leverage?

Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. ECA Marcellus Trust I's Degree of Operating Leverage for the quarter that ended in Mar. 2025 was 1.64. The higher Degree of Operating Leverage, the higher operating risk the company will take.

The industry rank for ECA Marcellus Trust I's Degree of Operating Leverage or its related term are showing as below:

ECTM's Degree of Operating Leverage is ranked worse than
59.85% of 904 companies
in the Oil & Gas industry
Industry Median: 0.97 vs ECTM: 1.64

ECA Marcellus Trust I Degree of Operating Leverage Historical Data

The historical data trend for ECA Marcellus Trust I's Degree of Operating Leverage 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.

ECA Marcellus Trust I Degree of Operating Leverage Chart

ECA Marcellus Trust I Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Degree of Operating Leverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.59 11.19 1.33 1.14 1.56

ECA Marcellus Trust I Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Degree of Operating Leverage 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 1.13 1.14 1.21 1.56 1.64

Competitive Comparison of ECA Marcellus Trust I's Degree of Operating Leverage

For the Oil & Gas Integrated subindustry, ECA Marcellus Trust I's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage 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.


ECA Marcellus Trust I's Degree of Operating Leverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ECA Marcellus Trust I's Degree of Operating Leverage distribution charts can be found below:

* The bar in red indicates where ECA Marcellus Trust I's Degree of Operating Leverage falls into.


;
;

ECA Marcellus Trust I Degree of Operating Leverage Calculation

ECA Marcellus Trust I's Degree of Operating Leverage for the quarter that ended in Mar. 2025 is calculated as:

Degree of Operating Leverage=% Change in EBIT**/% Change in Revenue
=( 1.458 (Mar. 2025) / 1.092 (Mar. 2024) - 1 )/( 2.827 (Mar. 2025) / 2.347 (Mar. 2024) - 1 )
=0.3352/0.2045
=1.64***

* 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.

** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.


ECA Marcellus Trust I  (OTCPK:ECTM) Degree of Operating Leverage Explanation

Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.

A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.

Be Aware

The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.


ECA Marcellus Trust I Degree of Operating Leverage Related Terms

Thank you for viewing the detailed overview of ECA Marcellus Trust I's Degree of Operating Leverage provided by GuruFocus.com. Please click on the following links to see related term pages.


ECA Marcellus Trust I Business Description

Industry
Traded in Other Exchanges
N/A
Address
Global Corporate Trust, 601 Travis Street, 16th Floor, Houston, TX, USA, 77002
ECA Marcellus Trust I is a statutory trust which owns royalty interests in natural gas properties. The underlying properties of the company include working interests owned by Energy Corporation of America and the Private Investors in the Marcellus Shale formation in Greene County, Pennsylvania arising under leases and farm-out agreements related to properties.
Executives
Energy Corp Of America 10 percent owner 4643 SOUTH ULSTER STREET, SUITE 1100, DENVER CO 80237

ECA Marcellus Trust I Headlines

From GuruFocus

ECA Marcellus Trust I Announces There Will Be No Quarterly Distribution

By Business Wire Business Wire 05-14-2020

ECA Marcellus Trust I Provides Update on NYSE Delisting

By Business Wire Business Wire 07-31-2020