GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Black Mountain Energy Ltd (ASX:BME) » Definitions » EBIT

Black Mountain Energy (ASX:BME) EBIT : A$-5.37 Mil (TTM As of Jun. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Black Mountain Energy EBIT?

Black Mountain Energy's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was A$-1.86 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was A$-5.37 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Black Mountain Energy's annualized ROC % for the quarter that ended in Jun. 2023 was -8.31%. Black Mountain Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -8.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Black Mountain Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -235.60%.

Black Mountain Energy EBIT Historical Data

The historical data trend for Black Mountain Energy'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.

Black Mountain Energy EBIT Chart

Black Mountain Energy Annual Data
Trend Dec22
EBIT
-6.29

Black Mountain Energy Semi-Annual Data
Dec21 Jun22 Dec22 Jun23
EBIT -0.67 -2.77 -3.51 -1.86

Competitive Comparison of Black Mountain Energy's EBIT

For the Oil & Gas E&P subindustry, Black Mountain Energy'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.

Black Mountain Energy's EV-to-EBIT Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Black Mountain Energy's EV-to-EBIT falls into.


Black Mountain 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-5.37 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.

Black Mountain Energy  (ASX:BME) EBIT Explanation

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

Black Mountain Energy's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

ROC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=-3.812 * ( 1 - 0% )/( (43.164 + 48.614)/ 2 )
=-3.812/45.889
=-8.31 %

where

Invested Capital(Q: Dec. 2022 )
=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))
=48.013 - 0.58 - ( 4.381 - max(0, 0.699 - 4.968+4.381))
=43.164

Invested Capital(Q: Jun. 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))
=49.521 - 0.27 - ( 0.903 - max(0, 0.484 - 1.121+0.903))
=48.614

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Black Mountain Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-3.724/( ( (42.97 + max(-0.103, 0)) + (48.325 + max(-0.187, 0)) )/ 2 )
=-3.724/( ( 42.97 + 48.325 )/ 2 )
=-3.724/45.6475
=-8.16 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0.035 + 0.483) - (0.58 + 0 + 0.041)
=-0.103

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.183 + 0.035 + 0) - (0.27 + 0 + 0.135)
=-0.187

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2023 )
=-5.374/2.281
=-235.60 %

* 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.

Black Mountain Energy EBIT Related Terms

Thank you for viewing the detailed overview of Black Mountain Energy's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Black Mountain Energy (ASX:BME) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Black Mountain Energy Ltd (ASX:BME) » Definitions » EBIT
Comparable Companies
ASX:LIO ASX:TEE ASX:GLV ASX:SHE ASX:AXP ASX:MEL ASX:SGC ASX:FDR ASX:XST ASX:BUY COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
N/A
Address
225 St Georges Terrace, Level 14, Perth, WA, AUS, 6000
Website
https://www.blackmountainenergy.com
Black Mountain Energy Ltd is an energy and resources company focused on identifying, developing, and operating projects in hydrocarbon-rich basins. It is involved in the acquisition and development of natural resource projects and exploration for, and production of oil and gas. The firm is involved in the Valhalla Project located in the north of Perth.