Jericho Energy Ventures (Jericho Energy Ventures) EBIT : $-6.56 Mil (TTM As of Dec. 2023)

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What is Jericho Energy Ventures EBIT?

Jericho Energy Ventures's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-2.42 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-6.56 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jericho Energy Ventures's annualized ROC % for the quarter that ended in Dec. 2023 was -23.22%. Jericho Energy Ventures's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jericho Energy Ventures's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -17.32%.

Jericho Energy Ventures EBIT Historical Data

The historical data trend for Jericho Energy Ventures'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.

Jericho Energy Ventures EBIT Chart

Jericho Energy Ventures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-1.58

-2.18

-4.94

-3.85

-6.56

Jericho Energy Ventures 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															0.44	-1.10	-1.55	-1.50	-2.42

Competitive Comparison of Jericho Energy Ventures's EBIT

For the Oil & Gas E&P subindustry, Jericho Energy Ventures'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.

Jericho Energy Ventures's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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

Jericho Energy Ventures 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 $-6.56 Mil.

Jericho Energy Ventures (OTCPK:JROOF) EBIT Explanation

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

Jericho Energy Ventures'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 )
=	-4.544 * ( 1 - 0% )	/	( (20.329	+	18.811)	/ 2 )
=	-4.544	/	19.57
=	-23.22 %

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	))
=	21.027	-	1.271	-	( 0.539	-	max(0, 1.301	-	0.728	+	0.539	))
=	20.329

	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	))
=	19.021	-	1.721	-	( 0.037	-	max(0, 1.751	-	0.24	+	0.037	))
=	18.811

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

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

Jericho Energy Ventures'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 )
=	-9.668	/	( ( (0 + max(-1.083, 0))	+	(0 + max(-1.518, 0)) )	/	2 )
=	-9.668	/	( ( 0	+	0 )	/	2 )
=	-9.668	/	0
=	%

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)
=	(0.041	+	0	+	0.148)	-	(1.271	+	0	+	0.0010000000000001)
=	-1.083

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.089	+	0	+	0.114)	-	(1.721	+	0	+	-2.2204460492503E-16)
=	-1.518

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-6.558	/	37.867
	=	-17.32 %

Jericho Energy Ventures EBIT Related Terms

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Jericho Energy Ventures (Jericho Energy Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jericho Energy Ventures Inc (OTCPK:JROOF) » Definitions » EBIT

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JLM:Germany JEV:Canada

Address

1055 West Georgia Street, Suite 2100, PO BOX 11110, STN Royal Centre, Vancouver, BC, CAN, V6E 3P3

Website

https://www.jerichoenergyventures.com

Jericho Energy Ventures Inc is a crude oil and natural gas company engaged in the exploration, development, and production of crude oil and natural gas. It also focuses on advancing the low-carbon energy transition with investments in hydrogen technologies, energy storage, carbon capture, and new energy systems. The company has two reportable operating businesses. One is focused on low carbon technologies and the other related to production of crude oil and natural gas.