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Reconnaissance Energy Africa (HAM:0XD) EBIT : €-12.53 Mil (TTM As of Dec. 2023)


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What is Reconnaissance Energy Africa EBIT?

Reconnaissance Energy Africa's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was €-3.22 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €-12.53 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Reconnaissance Energy Africa's annualized ROC % for the quarter that ended in Dec. 2023 was -9.77%. Reconnaissance Energy Africa's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -14.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Reconnaissance Energy Africa's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.45%.


Reconnaissance Energy Africa EBIT Historical Data

The historical data trend for Reconnaissance Energy Africa'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.

Reconnaissance Energy Africa EBIT Chart

Reconnaissance Energy Africa Annual Data
Trend Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Dec20
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.09 -0.08 -0.11 -0.31 -4.80

Reconnaissance Energy Africa Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Jun23 Sep23 Dec23
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 -7.96 -6.56 -4.02 -5.30 -3.22

Competitive Comparison of Reconnaissance Energy Africa's EBIT

For the Oil & Gas E&P subindustry, Reconnaissance Energy Africa'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.


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

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

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



Reconnaissance Energy Africa 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 quarterly data reported by the company within the most recent 12 months, which was €-12.53 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.


Reconnaissance Energy Africa  (HAM:0XD) EBIT Explanation

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

Reconnaissance Energy Africa'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: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-12.86 * ( 1 - 0% )/( (172.119 + 91.234)/ 2 )
=-12.86/131.6765
=-9.77 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Reconnaissance Energy Africa'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: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-12.86/( ( (89.717 + max(-49.357, 0)) + (88.194 + max(-1.78, 0)) )/ 2 )
=-12.86/( ( 89.717 + 88.194 )/ 2 )
=-12.86/88.9555
=-14.46 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 35.529) - (2.483 + 0 + 82.403)
=-49.357

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.445) - (1.737 + 0 + 0.488)
=-1.78

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-12.527/194.332
=-6.45 %

* 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.


Reconnaissance Energy Africa EBIT Related Terms

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Reconnaissance Energy Africa (HAM:0XD) Business Description

Traded in Other Exchanges
Address
Bentall, PO Box 48326, Vancouver, BC, CAN, V7X 1A1
Reconnaissance Energy Africa Ltd is a junior oil and gas company engaged in the exploration and development of oil and gas in Namibia and Botswana. It holds a substantial interest in a petroleum exploration license in northeast Namibia which covers the entire Kavango sedimentary basin. The Company's operating segments are: the exploration and evaluation of its African assets; the oil and gas operations in Mexico; and the corporate segment. The Mexico segment derives its revenues solely from the production and sale of oil and natural gas from one customer.

Reconnaissance Energy Africa (HAM:0XD) Headlines

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