True North Energy (True North Energy) EBIT : $-0.84 Mil (TTM As of Oct. 2008)

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What is True North Energy EBIT?

True North Energy's earnings before interest and taxes (EBIT) for the three months ended in Oct. 2008 was $-0.23 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2008 was $-0.84 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. True North Energy's annualized ROC % for the quarter that ended in Oct. 2008 was -15.86%. True North Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2008 was -19.76%.

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

True North Energy EBIT Historical Data

The historical data trend for True North 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.

True North Energy EBIT Chart

True North Energy Annual Data

Trend

Apr05

Apr06

Apr07

Apr08

EBIT

-0.01

-0.08

9.08

-10.49

True North Energy Quarterly Data
	Jul05	Oct05	Jan06	Apr06	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07	Jan08	Apr08	Jul08	Oct08
EBIT	Get a 7-Day Free Trial									0.94	-0.38	-0.19	-0.04	-0.23

Competitive Comparison of True North Energy's EBIT

For the Oil & Gas E&P subindustry, True North 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.

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

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

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

True North 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 Oct. 2008 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.84 Mil.

True North Energy (OTCPK:TNEN) EBIT Explanation

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

True North Energy's annualized ROC % for the quarter that ended in Oct. 2008 is calculated as:

	ROC % (Q: Oct. 2008 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2008 )	+	Invested Capital (Q: Oct. 2008 ))	/ count )
=	-0.912 * ( 1 - 0% )	/	( (5.971	+	5.528)	/ 2 )
=	-0.912	/	5.7495
=	-15.86 %

where

	Invested Capital		(Q: Jul. 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	))
=	6.21	-	1.411	-	( 0.527	-	max(0, 2.2	-	1.028	+	0.527	))
=	5.971

	Invested Capital		(Q: Oct. 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	))
=	5.311	-	1.072	-	( 0.164	-	max(0, 1.631	-	0.342	+	0.164	))
=	5.528

Note: The Operating Income data used here is four times the quarterly (Oct. 2008) data.

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

True North Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2008 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2008 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jul. 2008		Q: Oct. 2008
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.912	/	( ( (4.682 + max(-0.964, 0))	+	(4.547 + max(-0.916, 0)) )	/	2 )
=	-0.912	/	( ( 4.682	+	4.547 )	/	2 )
=	-0.912	/	4.6145
=	-19.76 %

where Working Capital is:

	Working Capital		(Q: Jul. 2008 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.334	+	0	+	0.167)	-	(1.411	+	0	+	0.054)
=	-0.964

	Working Capital		(Q: Oct. 2008 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.069	+	0	+	0.109)	-	(1.072	+	0	+	0.022)
=	-0.916

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Oct. 2008) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2008 )
	=	-0.84	/	0.000
	=	%

True North Energy EBIT Related Terms

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True North Energy (True North Energy) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

7151 Gaston Avenue, Suite 801, Dallas, TX, USA, 75214

Website

https://www.tnencorp.com

True North Energy Corp is an independent oil and gas company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties located throughout the United States. The company currently holds assets in Colorado and Oklahoma.