Brooge Energy (Brooge Energy) EBIT : $82.0 Mil (TTM As of Jun. 2023)

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What is Brooge Energy EBIT?

Brooge Energy's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was $48.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $82.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Brooge Energy's annualized ROC % for the quarter that ended in Jun. 2023 was 12.21%. Brooge Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 22.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Brooge Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 22.02%.

Brooge Energy EBIT Historical Data

The historical data trend for Brooge 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.

Brooge Energy EBIT Chart

Brooge Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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23.01

-69.87

24.67

32.34

52.45

Brooge Energy Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial						16.63	15.71	18.47	33.98	47.97

Competitive Comparison of Brooge Energy's EBIT

For the Oil & Gas Midstream subindustry, Brooge 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.

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

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

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

Brooge 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 $82.0 Mil.

Brooge Energy (NAS:BROG) EBIT Explanation

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

Brooge 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 )
=	79.57 * ( 1 - 0% )	/	( (647.593	+	656.092)	/ 2 )
=	79.57	/	651.8425
=	12.21 %

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	))
=	473.645	-	91.497	-	( 0.941	-	max(0, 280.02	-	14.575	+	0.941	))
=	647.593

	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	))
=	506.686	-	93.547	-	( 3.702	-	max(0, 273.253	-	30.3	+	3.702	))
=	656.092

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:

Brooge 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 )
=	95.944	/	( ( (426.041 + max(-88.48, 0))	+	(439.379 + max(-75.653, 0)) )	/	2 )
=	95.944	/	( ( 426.041	+	439.379 )	/	2 )
=	95.944	/	432.71
=	22.17 %

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)
=	(5.275	+	0.316	+	7.893)	-	(91.497	+	6.222	+	4.245)
=	-88.48

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(17.3	+	0.34	+	7.167)	-	(93.547	+	6.495	+	0.41799999999995)
=	-75.653

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	81.951	/	372.205
	=	22.02 %

Brooge Energy EBIT Related Terms

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Brooge Energy (Brooge Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Brooge Energy Ltd (NAS:BROG) » Definitions » EBIT

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Traded in Other Exchanges

3SF:Germany

Address

c/o Brooge Petroleum and Gas Investment Company FZE, P.O. Box 50170, Fujairah, ARE

Website

https://www.broogeenergy.com

Brooge Energy Ltd is an Oil Refinery & Storage Company in the United Arab Emirates. The company generates revenue from the leasing of storage capacity of tanks and other ancillary services.