IXOG (Index Oil & Gas) EBIT: $-2.40 Mil (TTM As of Mar. 2009)


What is Index Oil & Gas EBIT?

Index Oil & Gas IXOG -99.86% EBIT is $-2.40 Mil as of Mar. 2009.

Index Oil & Gas's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2009 was $5.75 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2009 was $-2.40 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Index Oil & Gas's annualized ROC % for the quarter that ended in Mar. 2009 was 357.68%. Index Oil & Gas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2009 was 361.22%.

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

Index Oil & Gas  (OTCPK:IXOG) EBIT Explanation

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

Index Oil & Gas's annualized ROC % for the quarter that ended in Mar. 2009 is calculated as:

ROC % (Q: Mar. 2009 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2008 ) + Invested Capital (Q: Mar. 2009 ))/ count )
=23.008 * ( 1 - 0% )/( (6.454 + 6.411)/ 2 )
=23.008/6.4325
=357.68 %

where

Invested Capital(Q: Dec. 2008 )
=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))
=7.492 - 0.333 - ( 0.705 - max(0, 0.333 - 1.055+0.705))
=6.454

Invested Capital(Q: Mar. 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))
=6.994 - 0.979 - ( 0.336 - max(0, 1.105 - 0.709+0.336))
=6.411

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

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

Index Oil & Gas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2009 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2009 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2008  Q: Mar. 2009
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=23.008/( ( (6.438 + max(0.016, 0)) + (6.285 + max(-0.737, 0)) )/ 2 )
=23.008/( ( 6.454 + 6.285 )/ 2 )
=23.008/6.3695
=361.22 %

where Working Capital is:

Working Capital(Q: Dec. 2008 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.292 + 0 + 0.057) - (0.333 + 0 + 0)
=0.016

Working Capital(Q: Mar. 2009 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.327 + 0 + 0.041) - (0.979 + 0 + 0.126)
=-0.737

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2009 )
=-2.401/0.000
= %

* 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.

Index Oil & Gas EBIT Related Terms

Index Oil & Gas EBIT Historical Data

* Premium members only.

The historical data trend for Index Oil & Gas'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.

Index Oil & Gas EBIT Chart

Index Oil & Gas Annual Data
Trend Dec04 Dec05 Mar06 Mar07 Mar08 Mar09
EBIT
Get a 7-Day Free Trial -0.42 -1.67 -2.57 -2.15 -2.40

Index Oil & Gas Quarterly Data
Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09
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 -0.53 -0.42 -3.37 -4.36 5.75

IXOG vs FPPP, UNGS, GBEYF: EBIT Comparison

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

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

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

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


Index 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 Mar. 2009 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.40 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-2.40 Mil mean?
Index Oil & Gas (IXOG) has a EBIT of $-2.40 Mil as of Mar. 2009. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Index Oil & Gas.
Is Index Oil & Gas' EBIT too high?
Index Oil & Gas' current EBIT is $-2.40 Mil.
How does Index Oil & Gas' EBIT compare to FPPP and UNGS?
Index Oil & Gas' EBIT of $-2.40 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 Index Oil & Gas. Index Oil & Gas's current EBIT is $-2.40 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Index Oil & Gas stock overvalued right now?
Index Oil & Gas (IXOG) has a current EBIT of $-2.40 Mil. The current EBIT is $-2.40 Mil. 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 Index Oil & Gas (IXOG), the current EBIT is $-2.40 Mil as of Mar. 2009. 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.

Index Oil & Gas Business Description

Industry EnergyOil & Gas
Address 10000 Memorial Drive, Suite 440, Houston, TX, USA, 77024
Index Oil & Gas Inc is an independent oil and natural gas company engaged in the acquisition, exploration, development, production and sale of oil and natural gas properties. It focuses on prolific petroleum system of the onshore Gulf Coast of Texas and Louisiana.