Norse Energy ASA (OSTO:NECO) EBIT : kr-171.49 Mil (TTM As of Sep. 2013)

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What is Norse Energy ASA EBIT?

Norse Energy ASA's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2013 was kr-55.81 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2013 was kr-171.49 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Norse Energy ASA's annualized ROC % for the quarter that ended in Sep. 2013 was -309.34%. Norse Energy ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2013 was -155,038.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Norse Energy ASA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2013 was -60.11%.

Norse Energy ASA EBIT Historical Data

The historical data trend for Norse Energy ASA'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.

Norse Energy ASA EBIT Chart

Norse Energy ASA Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

EBIT

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121.59

-88.24

-272.12

-62.35

-40.04

Norse Energy ASA Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
EBIT	Get a 7-Day Free Trial															-5.76	-0.84	-39.23	-75.61	-55.81

Competitive Comparison of Norse Energy ASA's EBIT

For the Oil & Gas E&P subindustry, Norse Energy ASA'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.

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

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

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

Norse Energy ASA 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. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-171.49 Mil.

Norse Energy ASA (OSTO:NECO) EBIT Explanation

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

Norse Energy ASA's annualized ROC % for the quarter that ended in Sep. 2013 is calculated as:

	ROC % (Q: Sep. 2013 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2013 )	+	Invested Capital (Q: Sep. 2013 ))	/ count )
=	-223.804 * ( 1 - 0% )	/	( (120.826	+	23.871)	/ 2 )
=	-223.804	/	72.3485
=	-309.34 %

where

	Invested Capital		(Q: Jun. 2013 )
=	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	))
=	59.352	-	41.666	-	( 11.241	-	max(0, 116.907	-	13.767	+	11.241	))
=	120.826

	Invested Capital		(Q: Sep. 2013 )
=	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	))
=	1.283	-	37.563	-	( 0.573	-	max(0, 61.428	-	1.277	+	0.573	))
=	23.871

Note: The Operating Income data used here is four times the quarterly (Sep. 2013) data.

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

Norse Energy ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2013 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2013 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2013		Q: Sep. 2013
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-223.256	/	( ( (0.282 + max(-41.097, 0))	+	(0.006 + max(-36.859, 0)) )	/	2 )
=	-223.256	/	( ( 0.282	+	0.006 )	/	2 )
=	-223.256	/	0.144
=	-155,038.89 %

where Working Capital is:

	Working Capital		(Q: Jun. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.527	+	0	+	-0.0010000000000012)	-	(41.666	+	0	+	1.957)
=	-41.097

	Working Capital		(Q: Sep. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.704	+	0	+	0)	-	(37.563	+	0	+	0)
=	-36.859

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2013) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2013 )
	=	-171.494	/	285.320
	=	-60.11 %

Norse Energy ASA EBIT Related Terms

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Norse Energy ASA (OSTO:NECO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Norse Energy Corp. ASA (OSTO:NECO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Munkedamsveien 35, 3rd floor, P.O. Box 1903, Oslo, NOR, 0250

Website

http://www.northernoil.no

Norse Energy Corp ASA and its subsidiaries are engaged in the acquisition, exploration and development of oil and natural gas properties in the US.

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