Winchester Energy (ASX:WEL) EBIT : A$-2.45 Mil (TTM As of Jun. 2024)

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What is Winchester Energy EBIT?

Winchester Energy's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was A$-0.46 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was A$-2.45 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Winchester Energy's annualized ROC % for the quarter that ended in Jun. 2024 was -7.64%. Winchester Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -9.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Winchester Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -219.57%.

Winchester Energy EBIT Historical Data

The historical data trend for Winchester 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.

Winchester Energy EBIT Chart

Winchester Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-3.33

-4.41

-2.00

-0.83

-3.82

Winchester Energy Semi-Annual Data
	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														1.16	-2.03	-1.83	-1.98	-0.46

Competitive Comparison of Winchester Energy's EBIT

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

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

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

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

Winchester 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-2.45 Mil.

Winchester Energy (ASX:WEL) EBIT Explanation

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

Winchester Energy's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-0.826 * ( 1 - 0% )	/	( (11.087	+	10.533)	/ 2 )
=	-0.826	/	10.81
=	-7.64 %

where

	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	))
=	11.986	-	0.78	-	( 0.327	-	max(0, 0.895	-	1.014	+	0.327	))
=	11.087

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	12.095	-	0.821	-	( 0.899	-	max(0, 0.839	-	1.58	+	0.899	))
=	10.533

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Winchester Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.924	/	( ( (10.973 + max(-0.094, 0))	+	(8.784 + max(-0.14, 0)) )	/	2 )
=	-0.924	/	( ( 10.973	+	8.784 )	/	2 )
=	-0.924	/	9.8785
=	-9.35 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.686	+	0	+	0)	-	(0.78	+	0	+	0)
=	-0.094

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.681	+	0	+	0)	-	(0.821	+	0	+	0)
=	-0.14

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-2.446	/	1.114
	=	-219.57 %

Winchester Energy EBIT Related Terms

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Winchester Energy Business Description

Industry

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Traded in Other Exchanges

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Address

295 Rokeby Road, Suite 6, Subiaco, WA, AUS, 6008

Website

http://www.winchesterenergyltd.com

Winchester Energy Ltd is an oil and gas exploration company. The firm is engaged in acquiring oil and gas leases and working interests in areas situated on the Eastern Shelf of the Permian Basin in Texas and exploring for oil and gas on those oil and gas leases and working interests. The company's geographical segments are Australia and the United States of America (USA) is the key revenue source.

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