Whitebark Energy (ASX:WBE) EBIT : A$-1.81 Mil (TTM As of Dec. 2023)

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What is Whitebark Energy EBIT?

Whitebark Energy's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-4.70 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.81 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Whitebark Energy's annualized ROC % for the quarter that ended in Dec. 2023 was -39.52%. Whitebark Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -282.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Whitebark Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -87.92%.

Whitebark Energy EBIT Historical Data

The historical data trend for Whitebark 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.

Whitebark Energy EBIT Chart

Whitebark Energy Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

EBIT

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-4.09

-9.58

-0.91

-4.28

-1.81

Whitebark Energy Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															-0.49	-0.83	-3.45	-4.70	2.88

Competitive Comparison of Whitebark Energy's EBIT

For the Oil & Gas E&P subindustry, Whitebark 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.

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

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

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

Whitebark 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-1.81 Mil.

Whitebark Energy (ASX:WBE) EBIT Explanation

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

Whitebark Energy'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-2.05 * ( 1 - 0% )	/	( (6.932	+	3.443)	/ 2 )
=	-2.05	/	5.1875
=	-39.52 %

where

	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	))
=	7.566	-	2.577	-	( 0.195	-	max(0, 2.869	-	0.926	+	0.195	))
=	6.932

	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	))
=	3.718	-	1.068	-	( 0.368	-	max(0, 4.511	-	3.718	+	0.368	))
=	3.443

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

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

Whitebark Energy'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-9.392	/	( ( (6.64 + max(-1.845, 0))	+	(0 + max(-0.873, 0)) )	/	2 )
=	-9.392	/	( ( 6.64	+	0 )	/	2 )
=	-9.392	/	3.32
=	-282.89 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.444	+	0.156	+	0.131)	-	(2.577	+	0	+	-0.00099999999999989)
=	-1.845

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	3.35)	-	(1.068	+	0	+	3.155)
=	-0.873

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.812	/	2.061
	=	-87.92 %

Whitebark Energy EBIT Related Terms

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Whitebark Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Whitebark Energy Ltd (ASX:WBE) » Definitions » EBIT

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Address

20d William Street, Norwood, SA, AUS, 5067

Website

https://www.whitebarkenergy.com

Whitebark Energy Ltd is engaged in the exploration, development, and production of oil and gas projects in Western Australia. Geographically, it derives a majority of revenue from Canada. The company's project portfolio consists of Warro gas project and Rex project.

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