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CVONF (Carnarvon Energy) EBIT : $-4.77 Mil (TTM As of Dec. 2023)


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What is Carnarvon Energy EBIT?

Carnarvon Energy's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $-2.78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-4.77 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Carnarvon Energy's annualized ROC % for the quarter that ended in Dec. 2023 was -6.41%. Carnarvon Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Carnarvon Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.37%.


Carnarvon Energy EBIT Historical Data

The historical data trend for Carnarvon 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.

Carnarvon Energy EBIT Chart

Carnarvon Energy Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.95 -4.76 -13.45 -5.71 -4.74

Carnarvon 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 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 -4.86 -2.98 -2.75 -2.78 -1.98

Competitive Comparison of Carnarvon Energy's EBIT

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


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

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

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



Carnarvon 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 $-4.77 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.


Carnarvon Energy  (OTCPK:CVONF) EBIT Explanation

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

Carnarvon 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 )
=-5.568 * ( 1 - 0% )/( (115.733 + 57.864)/ 2 )
=-5.568/86.7985
=-6.41 %

where

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:

Carnarvon 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 )
=-5.568/( ( (113.829 + max(-0.81, 0)) + (56.435 + max(0.57, 0)) )/ 2 )
=-5.568/( ( 113.829 + 57.005 )/ 2 )
=-5.568/85.417
=-6.52 %

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 + 0 + 0.431) - (0.797 + 0 + 0.444)
=-0.81

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.541 + 0 + 0) - (0.739 + 0 + 0.232)
=0.57

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-4.766/74.830
=-6.37 %

* 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.


Carnarvon Energy EBIT Related Terms

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Carnarvon Energy Business Description

Traded in Other Exchanges
Address
76 Kings Park Road, 2nd Floor, West Perth, Perth, WA, AUS, 6005
Carnarvon Energy Ltd is an oil and gas exploration company. The company is primarily engaged in oil and gas exploration, development, and production. Its exploration projects include Labyrinth, Pepper, Dorado, Outtrim and others.

Carnarvon Energy Headlines

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