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Jade Gas Holdings (ASX:JGH) EBIT : A$-4.69 Mil (TTM As of Jun. 2023)


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What is Jade Gas Holdings EBIT?

Jade Gas Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was A$-2.52 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was A$-4.69 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jade Gas Holdings's annualized ROC % for the quarter that ended in Jun. 2023 was -37.06%. Jade Gas Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -41.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jade Gas Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -5.75%.

Jade Gas Holdings EBIT Historical Data

The historical data trend for Jade Gas Holdings'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.

Jade Gas Holdings EBIT Chart

Jade Gas Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.84 -0.78 -5.92 -3.96 -4.69

Jade Gas Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 -5.47 -2.19 -1.77 -2.52 -2.18

Competitive Comparison of Jade Gas Holdings's EBIT

For the Oil & Gas E&P subindustry, Jade Gas Holdings'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.

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

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

* The bar in red indicates where Jade Gas Holdings's EV-to-EBIT falls into.


Jade Gas Holdings 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$-4.69 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.

Jade Gas Holdings  (ASX:JGH) EBIT Explanation

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

Jade Gas Holdings'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 )
=-4.654 * ( 1 - 0% )/( (10.174 + 14.944)/ 2 )
=-4.654/12.559
=-37.06 %

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))
=13.535 - 0.314 - ( 3.366 - max(0, 0.706 - 3.753+3.366))
=10.174

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))
=22.487 - 0.646 - ( 7.08 - max(0, 0.982 - 7.879+7.08))
=14.944

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:

Jade Gas Holdings'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 )
=-5.03/( ( (9.774 + max(-0.041, 0)) + (14.542 + max(0.052, 0)) )/ 2 )
=-5.03/( ( 9.774 + 14.594 )/ 2 )
=-5.03/12.184
=-41.28 %

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)
=(0.076 + 0 + 0.261) - (0.314 + 0 + 0.064)
=-0.041

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.414 + 0 + 0.385) - (0.646 + 0 + 0.101)
=0.052

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:

Jade Gas Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2023 )
=-4.694/81.570
=-5.75 %

* 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.

Jade Gas Holdings EBIT Related Terms

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Jade Gas Holdings (ASX:JGH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jade Gas Holdings Ltd (ASX:JGH) » Definitions » EBIT
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Traded in Other Exchanges
N/A
Address
66 Rundle Street Kent Town, Level 1, Kent Town, SA, AUS, 5067
Website
https://www.jadegas.com.au
Jade Gas Holdings Ltd is a gas exploration company focused on the coal bed methane (CBM) potential of Mongolia. Its flagship project is the CBM gas project over the Production Sharing Agreement (PSA) area of Tavantolgoi XXXIII unconventional oil basin, (TT CBM Project).