Houston American Energy (Houston American Energy) EBIT : $-1.70 Mil (TTM As of Dec. 2023)

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What is Houston American Energy EBIT?

Houston American Energy's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-0.38 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.70 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Houston American Energy's annualized ROC % for the quarter that ended in Dec. 2023 was -19.63%. Houston American Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -47.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Houston American Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -12.17%.

Houston American Energy EBIT Historical Data

The historical data trend for Houston American 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.

Houston American Energy EBIT Chart

Houston American Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-2.33

-4.01

-1.02

-0.78

-1.70

Houston American Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-0.21	-0.26	-0.66	-0.40	-0.38

Competitive Comparison of Houston American Energy's EBIT

For the Oil & Gas E&P subindustry, Houston American 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.

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

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

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

Houston American 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 quarterly data reported by the company within the most recent 12 months, which was $-1.70 Mil.

Houston American Energy (AMEX:HUSA) EBIT Explanation

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

Houston American 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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-1.512 * ( 1 - 0% )	/	( (9.12	+	6.288)	/ 2 )
=	-1.512	/	7.704
=	-19.63 %

where

	Invested Capital		(Q: Sep. 2023 )
=	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	))
=	13.956	-	0.521	-	( 4.456	-	max(0, 0.594	-	4.909	+	4.456	))
=	9.12

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	10.379	-	0.174	-	( 4.059	-	max(0, 0.249	-	4.166	+	4.059	))
=	6.288

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

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

Houston American 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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.512	/	( ( (4.653 + max(-0.068000000000001, 0))	+	(1.704 + max(-0.067, 0)) )	/	2 )
=	-1.512	/	( ( 4.653	+	1.704 )	/	2 )
=	-1.512	/	3.1785
=	-47.57 %

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)
=	(0.351	+	0	+	0.102)	-	(0.521	+	0	+	0)
=	-0.068000000000001

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.072	+	0	+	0.035)	-	(0.174	+	0	+	0)
=	-0.067

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.7	/	13.974
	=	-12.17 %

Houston American Energy EBIT Related Terms

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Houston American Energy (Houston American Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Houston American Energy Corp (AMEX:HUSA) » Definitions » EBIT

Comparable Companies

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8H6H:Germany

Address

801 Travis Street, Suite 1425, Houston, TX, USA, 77002

Website

https://www.houstonamerican.com

Houston American Energy Corp is an independent oil and gas company focused on the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties. Its properties, and operations, are in the U.S. Permian Basin, the U.S. Gulf Coast region, particularly Texas and Louisiana, and in the South American country of Colombia. The company's an exploration and development projects are focused on existing property interests, and future acquisition of additional property interests, in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. The Company majorly has operations in two geographical areas, the United States and Colombia.

Executives

James A Schoonover	director	1770 COUNTY ROAD H2, WHITE BEAR TOWNSHIP MN 55110
John F Terwilliger	director, 10 percent owner, officer: President and CEO
Bitnile Holdings, Inc.	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Dyke Torbjorn Van	officer: VP - Business Development	801 TRAVIS STREET, SUITE 1425, HOUSTON TX 77002
R. Keith Grimes	director	13307 GOLDEN VALLEY DR., CYPRESS TX 77429
John P Boylan	director	450 WESTHEIMER DR., HOUSTON TX 77024
Stephen Hartzell	director	1001 MCKINNEY, SUITE 805, HOUSTON TX 77002
Roy W Jageman	director	777 MAIN STREET, C/O ENCORE ACQUISITION CO, FORT WORTH TX 76102
James J Jacobs	officer: Chief Financial Officer	801 TRAVIS, SUITE 2020, HOUSTON TX 77002
Kenneth Jeffers	officer: Senior VP of Exploration	801 TRAVIS STREET, SUITE 1425, HOUSTON TX 77002
Nokomis Capital, L.l.c.	10 percent owner	1717 MCKINNEY AVENUE, SUITE 850, DALLAS TX 75202
Brett Hendrickson	10 percent owner	300 CRESCENT COURT, SUITE 1740, DALLAS TX 75201
Orrie Lee Tawes	director, 10 percent owner	CIBC OPPENHEIMER WORLD FINANCIAL CENTER, NEW YORK NY 110281
Richard J Howe	director	73 SADDLEBROOK LN, HOUSTON TX 77024
J Alex Loftus	director	801 TRAVIS, SUITE 1425, HOUSTON TX 77002