1st NRG (1st NRG) EBIT : $-0.41 Mil (TTM As of Sep. 2009)

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What is 1st NRG EBIT?

1st NRG's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2009 was $-0.13 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2009 was $-0.41 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. 1st NRG's annualized ROC % for the quarter that ended in Sep. 2009 was -753.62%. 1st NRG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2009 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

1st NRG EBIT Historical Data

The historical data trend for 1st NRG'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.

1st NRG EBIT Chart

1st NRG Annual Data

Trend

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

EBIT

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-0.12

-0.16

-0.18

-0.54

-1.12

1st NRG Quarterly Data
	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09
EBIT	Get a 7-Day Free Trial															-0.52	-0.07	-0.11	-0.10	-0.13

Competitive Comparison of 1st NRG's EBIT

For the Oil & Gas E&P subindustry, 1st NRG'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.

1st NRG's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, 1st NRG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where 1st NRG's EV-to-EBIT falls into.

1st NRG 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 Sep. 2009 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.41 Mil.

1st NRG (OTCPK:FNRC) EBIT Explanation

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

1st NRG's annualized ROC % for the quarter that ended in Sep. 2009 is calculated as:

	ROC % (Q: Sep. 2009 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2009 )	+	Invested Capital (Q: Sep. 2009 ))	/ count )
=	-0.52 * ( 1 - % )	/	( (0.087	+	0.051)	/ 2 )
=	-0.52	/	0.069
=	-753.62 %

where

	Invested Capital		(Q: Jun. 2009 )
=	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	))
=	0.003	-	1.283	-	( 0	-	max(0, 1.37	-	0.003	+	0	))
=	0.087

	Invested Capital		(Q: Sep. 2009 )
=	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	))
=	0.003	-	1.454	-	( 0	-	max(0, 1.505	-	0.003	+	0	))
=	0.051

Note: The Operating Income data used here is four times the quarterly (Sep. 2009) data.

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

1st NRG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2009 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2009 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2009		Q: Sep. 2009
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.52	/	( ( (0 + max(-1.317, 0))	+	(0 + max(-1.451, 0)) )	/	2 )
=	-0.52	/	( ( 0	+	0 )	/	2 )
=	-0.52	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2009 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.003)	-	(1.283	+	0	+	0.037)
=	-1.317

	Working Capital		(Q: Sep. 2009 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.003)	-	(1.454	+	0	+	0)
=	-1.451

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2009) EBIT data.

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

1st NRG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2009 )
	=	-0.407	/	0.000
	=	%

1st NRG EBIT Related Terms

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1st NRG (1st NRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » 1st NRG Corp (OTCPK:FNRC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1531 Stout Street, Suite 607, Denver, CO, USA, 80202

Website

http://1stnrg-corp.com

1st NRG Corp is an exploration and production company. The company is primarily engaged in the development of natural gas producing properties in the Powder River Basin of Wyoming. The company operates in one industry segment, the exploration, development, production, and sale of oil and natural gas. Its project portfolio comprises Clabaugh ranch, eastern Ohio - Beekmantown dolomite, and coalbed methane.

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