GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Africa Oil Corp (LTS:0QVL) » Definitions » EBIT

Africa Oil (LTS:0QVL) EBIT : kr-3,770.56 Mil (TTM As of Sep. 2024)


View and export this data going back to 2014. Start your Free Trial

What is Africa Oil EBIT?

Africa Oil's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was kr-2,944.93 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was kr-3,770.56 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Africa Oil's annualized ROC % for the quarter that ended in Sep. 2024 was -200.04%. Africa Oil's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -3,634.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Africa Oil's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -73.00%.


Africa Oil EBIT Historical Data

The historical data trend for Africa Oil'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.

Africa Oil EBIT Chart

Africa Oil Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,477.77 98.02 1,899.73 -589.47 971.40

Africa Oil Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 539.83 -893.44 49.97 17.83 -2,944.93

Competitive Comparison of Africa Oil's EBIT

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


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

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

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



Africa Oil 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-3,770.56 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.


Africa Oil  (LTS:0QVL) EBIT Explanation

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

Africa Oil's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=-12626.676 * ( 1 - 0% )/( (7809.669 + 4814.79)/ 2 )
=-12626.676/6312.2295
=-200.04 %

where

Invested Capital(Q: Jun. 2024 )
=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))
=9685.793 - 128.99 - ( 1946.387 - max(0, 270.565 - 2017.699+1946.387))
=7809.669

Invested Capital(Q: Sep. 2024 )
=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))
=6302.087 - 122.748 - ( 1392.167 - max(0, 170.824 - 1535.373+1392.167))
=4814.79

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Africa Oil's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-11779.716/( ( (323 + max(-229.666, 0)) + (325.282 + max(-61.374, 0)) )/ 2 )
=-11779.716/( ( 323 + 325.282 )/ 2 )
=-11779.716/324.141
=-3,634.13 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(34.607 + 0 + 2.2737367544323E-13) - (128.99 + 0 + 135.283)
=-229.666

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(31.71 + 0 + 71.603) - (122.748 + 0 + 41.939)
=-61.374

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-3770.564/5165.058
=-73.00 %

* 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.


Africa Oil EBIT Related Terms

Thank you for viewing the detailed overview of Africa Oil's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Africa Oil Business Description

Address
666 Burrard Street, Suite 2500, Vancouver, BC, CAN, V6C 2X8
Africa Oil Corp is an international oil and gas exploration company based in Canada with oil and gas interests in Africa. It is an exploration stage enterprise that participates in oil and gas projects located in emerging markets, in sub-Saharan Africa. The company operates in the business segment of international oil and gas exploration, and geographically, it operates in Kenya and Ethiopia.

Africa Oil Headlines

No Headlines