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Carbon Energy's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2020 was $-47.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2020 was $-24.7 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Carbon Energy's annualized ROC % for the quarter that ended in Jun. 2020 was -25.37%. Carbon Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was -98.60%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Carbon Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was -36.75%.
The historical data trend for Carbon 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.
Carbon Energy Annual Data | |||||||||||||||||||||
Trend | Mar10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
EBIT | Get a 7-Day Free Trial | -8.73 | -12.45 | 7.53 | 18.70 | 11.85 |
Carbon Energy Quarterly Data | ||||||||||||||||||||
Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | |
EBIT | Get a 7-Day Free Trial | 10.61 | 7.40 | -2.75 | 18.33 | -47.70 |
For the Oil & Gas E&P subindustry, Carbon 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.
For the Oil & Gas industry and Energy sector, Carbon Energy's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Carbon Energy's EV-to-EBIT falls into.
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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-24.7 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.
Carbon Energy (OTCPK:CRBO) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Carbon Energy's annualized ROC % for the quarter that ended in Jun. 2020 is calculated as:
ROC % (Q: Jun. 2020 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Mar. 2020 ) | + | Invested Capital (Q: Jun. 2020 )) | / count ) |
= | -53.38 * ( 1 - 0% ) | / | ( (290.529 | + | 130.296) | / 2 ) |
= | -53.38 | / | 210.4125 | |||
= | -25.37 % |
where
Invested Capital | (Q: Mar. 2020 ) | |||||||||||
= | 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 | )) |
= | 308.386 | - | 22.63 | - | ( 1.74 | - | max(0, 40.8 | - | 36.027 | + | 1.74 | )) |
= | 290.529 |
Invested Capital | (Q: Jun. 2020 ) | |||||||||||
= | 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 | )) |
= | 140.27 | - | 8.663 | - | ( 1.311 | - | max(0, 14.535 | - | 16.207 | + | 1.311 | )) |
= | 130.296 |
Note: The Operating Income data used here is four times the quarterly (Jun. 2020) data.
2. Joel Greenblatt's definition of Return on Capital:
Carbon Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 is calculated as:
ROC (Joel Greenblatt) % | (Q: Jun. 2020 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Mar. 2020 | Q: Jun. 2020 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -190.816 | / | ( ( (266.205 + max(-2.413, 0)) | + | (118.849 + max(1.981, 0)) ) | / | 2 ) |
= | -190.816 | / | ( ( 266.205 | + | 120.83 ) | / | 2 ) |
= | -190.816 | / | 193.5175 | ||||
= | -98.60 % |
where Working Capital is:
Working Capital | (Q: Mar. 2020 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (10.331 | + | 1.943 | + | 20.43) | - | (22.63 | + | 5.571 | + | 6.916) |
= | -2.413 |
Working Capital | (Q: Jun. 2020 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (1.846 | + | 0.491 | + | 12.144) | - | (8.663 | + | 0 | + | 3.837) |
= | 1.981 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Jun. 2020) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Carbon Energy's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Jun. 2020 ) |
= | -24.725 | / | 67.271 | |
= | -36.75 % |
* 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.
Thank you for viewing the detailed overview of Carbon Energy's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Patrick R Mcdonald | director, officer: CHIEF EXECUTIVE OFFICER | CARBON NATURAL GAS COMPANY 1700 BROADWAY, SUITE #1170 DENVER CO 80290 |
Erich W. Kirsch | officer: PFO and PAO | 1700 BROADWAY SUITE 1170 DENVER CO 80290 |
Mark Duane Pierce | officer: PRESIDENT | 1700 BROADWAY, SUITE 1170 DENVER CO 80290 |
Kevin D Struzeski | officer: CHIEF FINANCIAL OFFICER | C/O CARBON ENERGY CORP 1700 BROADWAY STE. 1150 DENVER CO 80290 |
John A Bailey | director | 64 PERCH BAY WACCABUC NY 10597 |
Bryan H Lawrence | director | C/O CROSSTEX ENERGY HOLDINGS INC, 2501 CEDAR SPRINGS STE 600, DALLAS TX 75201 |
Peter A Leidel | director | |
Edwin H Morgens | director | C/O MORGENS WATERFALL VINTIADIS & CO, 600 5TH AVE, NEW YORK NY 10020 |
David H Kennedy | director | 23 LAKESIDE AVE DARIEN CT 06820 |
James H Brandi | director | PO BOX 321, OKLAHOMA CITY OK 73101 |
Awm Investment Company, Inc. | 10 percent owner | 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022 |
Yorktown Energy Partners Xi, L.p. | 10 percent owner | 410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022 |
Yorktown Xi Associates Llc | 10 percent owner | 410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022 |
Arbiter Partners Capital Management Llc | 10 percent owner | 530 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10036 |
Marxe Austin W & Greenhouse David M | 10 percent owner | C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022 |
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