HRST (Harvest Oil & Gas) EBIT: $-29.34 Mil (TTM As of Sep. 2020)

What is Harvest Oil & Gas EBIT?

Harvest Oil & Gas HRST -10.06% 12 EBIT is $-29.34 Mil as of Sep. 2020. GuruFocus rates HRST with a GF Score™ of 12/100.

Harvest Oil & Gas's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2020 was $-6.23 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2020 was $-29.34 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Harvest Oil & Gas's annualized ROC % for the quarter that ended in Sep. 2020 was -12.11%. Harvest Oil & Gas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was -205.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Harvest Oil & Gas's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was -939.92%.

Harvest Oil & Gas (OTCPK:HRST) EBIT Explanation

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

Harvest Oil & Gas's annualized ROC % for the quarter that ended in Sep. 2020 is calculated as:

	ROC % (Q: Sep. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2020 )	+	Invested Capital (Q: Sep. 2020 ))	/ count )
=	-15.22 * ( 1 - 0% )	/	( (132.064	+	119.236)	/ 2 )
=	-15.22	/	125.65
=	-12.11 %

where

	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	))
=	175.043	-	12.051	-	( 30.928	-	max(0, 16.12	-	59.695	+	30.928	))
=	132.064

	Invested Capital		(Q: Sep. 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	))
=	145.085	-	8.171	-	( 17.678	-	max(0, 12.238	-	40.018	+	17.678	))
=	119.236

Note: The Operating Income data used here is four times the quarterly (Sep. 2020) data.

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

Harvest Oil & Gas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2020		Q: Sep. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-24.928	/	( ( (0 + max(13.254, 0))	+	(0 + max(11.066, 0)) )	/	2 )
=	-24.928	/	( ( 13.254	+	11.066 )	/	2 )
=	-24.928	/	12.16
=	-205.00 %

where Working Capital is:

	Working Capital		(Q: Jun. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8.105	+	0	+	18.296)	-	(12.051	+	0	+	1.096)
=	13.254

	Working Capital		(Q: Sep. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.867	+	0	+	12.449)	-	(8.171	+	0	+	1.079)
=	11.066

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

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

Harvest Oil & Gas's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2020 )
	=	-29.335	/	3.121
	=	-939.92 %

* 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.

Harvest Oil & Gas EBIT Related Terms

Harvest Oil & Gas EBIT Historical Data

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The historical data trend for Harvest Oil & Gas's EBIT can be seen below:

Harvest Oil & Gas EBIT Chart

Harvest Oil & Gas Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

EBIT

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-185.69

-202.78

-93.51

0.00

-134.84

Harvest Oil & Gas Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
EBIT	Get a 7-Day Free Trial															-19.03	-21.96	5.98	-7.12	-6.23

HRST vs LLEX, VKIN, ROSE: EBIT Comparison

For the Oil & Gas E&P subindustry, Harvest Oil & Gas'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.

Harvest Oil & Gas EV-to-EBIT vs Oil & Gas Industry

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

* The bar in red indicates where Harvest Oil & Gas's EV-to-EBIT falls into.

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12GF Score

Harvest Oil & Gas Corp HRST

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Harvest Oil & Gas 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-29.34 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $-29.34 Mil mean?

Harvest Oil & Gas (HRST) has a EBIT of $-29.34 Mil as of Sep. 2020. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Harvest Oil & Gas.

Is Harvest Oil & Gas' EBIT too high?

Harvest Oil & Gas' current EBIT is $-29.34 Mil. Overall, Harvest Oil & Gas has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Harvest Oil & Gas' EBIT compare to LLEX and VKIN?

Harvest Oil & Gas' EBIT of $-29.34 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for an Oil & Gas company?

A good EBIT depends on the Oil & Gas industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Harvest Oil & Gas. Harvest Oil & Gas's current EBIT is $-29.34 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Harvest Oil & Gas stock overvalued right now?

Harvest Oil & Gas (HRST) has a current EBIT of $-29.34 Mil. The current EBIT is $-29.34 Mil. Harvest Oil & Gas' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Harvest Oil & Gas (HRST), the current EBIT is $-29.34 Mil as of Sep. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Harvest Oil & Gas Business Description

Industry Energy Oil & Gas

Comparable Companies LLEX VKIN ROSE CHKR CKX SNDE LONE RSRV SPND NRIS HKSE:00883 COP MIC:NVTK EOG TSE:8031 TSX:CNQ PXD HES ASX:WPL OXY

Address 1001 Fannin Street, Suite 300, Houston, TX, USA, 77002

Website https://www.hvstog.com

Harvest Oil & Gas Corp is engaged in the acquisition, development, and production of oil and natural gas properties.

12GF Score

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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.04

Price

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