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Vitesse Energy (MEX:VTS) EBIT : MXN903 Mil (TTM As of Mar. 2024)


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What is Vitesse Energy EBIT?

Vitesse Energy's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was MXN-12 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was MXN903 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vitesse Energy's annualized ROC % for the quarter that ended in Mar. 2024 was 5.44%. Vitesse Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vitesse Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.28%.


Vitesse Energy EBIT Historical Data

The historical data trend for Vitesse 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.

Vitesse Energy EBIT Chart

Vitesse Energy Annual Data
Trend Nov19 Nov20 Nov21 Dec22 Dec23
EBIT
795.65 -84.21 457.40 2,399.10 805.90

Vitesse Energy Quarterly Data
Nov19 Nov20 Aug21 Nov21 Aug22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -112.89 300.82 -19.09 633.00 -11.85

Competitive Comparison of Vitesse Energy's EBIT

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


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

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

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



Vitesse 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN903 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.


Vitesse Energy  (MEX:VTS) EBIT Explanation

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

Vitesse Energy's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=868.248 * ( 1 - 25.06% )/( (12132.056 + 11809.713)/ 2 )
=650.6650512/11970.8845
=5.44 %

where

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))
=13001.765 - 904.626 - ( 9.37 - max(0, 1025.296 - 990.379+9.37))
=12132.056

Invested Capital(Q: Mar. 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))
=12442.727 - 740.857 - ( 22.853 - max(0, 869.362 - 761.519+22.853))
=11809.713

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

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

Vitesse Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-47.4/( ( (11958.884 + max(11.015, 0)) + (11650.09 + max(-79.546, 0)) )/ 2 )
=-47.4/( ( 11969.899 + 11650.09 )/ 2 )
=-47.4/11809.9945
=-0.40 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(762.398 + 0 + 218.611) - (904.626 + 0 + 65.368)
=11.015

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(685.193 + 0 + 53.473) - (740.857 + 0 + 77.355)
=-79.546

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=902.887/14377.091
=6.28 %

* 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.


Vitesse Energy EBIT Related Terms

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Vitesse Energy (MEX:VTS) Business Description

Traded in Other Exchanges
Address
9200 E. Mineral Avenue, Suite 200, Centennial, CO, USA, 80112
Vitesse Energy Inc is an independent energy company engaged in the acquisition, development, and production of non-operated oil and natural gas properties in the United States that are generally operated by oil companies and are in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana. The company also have properties in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin.