Trinity Exploration & Production (Trinity Exploration & Production) EBIT : $5.71 Mil (TTM As of Jun. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Trinity Exploration & Production EBIT?

Trinity Exploration & Production's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was $2.24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $5.71 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Trinity Exploration & Production's annualized ROC % for the quarter that ended in Jun. 2023 was 2.72%. Trinity Exploration & Production's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 5.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Trinity Exploration & Production's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 32.40%.

Trinity Exploration & Production EBIT Historical Data

The historical data trend for Trinity Exploration & Production'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.

Trinity Exploration & Production EBIT Chart

Trinity Exploration & Production Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

Get a 7-Day Free Trial

-1.94

-12.68

1.52

4.46

3.80

Trinity Exploration & Production Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															0.62	3.84	0.33	3.47	2.24

Competitive Comparison of Trinity Exploration & Production's EBIT

For the Oil & Gas E&P subindustry, Trinity Exploration & Production'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.

Trinity Exploration & Production's EV-to-EBIT Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Trinity Exploration & Production's EV-to-EBIT falls into.

Trinity Exploration & Production 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $5.71 Mil.

Trinity Exploration & Production (OTCPK:TRXEF) EBIT Explanation

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

Trinity Exploration & Production's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	4.828 * ( 1 - 38.52% )	/	( (106.958	+	110.94)	/ 2 )
=	2.9682544	/	108.949
=	2.72 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	124.364	-	5.275	-	( 12.131	-	max(0, 13.469	-	27.424	+	12.131	))
=	106.958

	Invested Capital		(Q: Jun. 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	))
=	127.496	-	5.754	-	( 11.301	-	max(0, 15.372	-	26.174	+	11.301	))
=	110.94

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Trinity Exploration & Production's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	4.47	/	( ( (78.728 + max(4.582, 0))	+	(82.693 + max(1.236, 0)) )	/	2 )
=	4.47	/	( ( 83.31	+	83.929 )	/	2 )
=	4.47	/	83.6195
=	5.35 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.639	+	4.615	+	5.513)	-	(5.275	+	0	+	4.91)
=	4.582

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.066	+	5.1	+	5.048)	-	(5.754	+	0	+	7.224)
=	1.236

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

Trinity Exploration & Production's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	5.705	/	17.608
	=	32.40 %

Trinity Exploration & Production EBIT Related Terms

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

Trinity Exploration & Production (Trinity Exploration & Production) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trinity Exploration & Production PLC (OTCPK:TRXEF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

TRIN.GB:UK TRIN:UK

Address

C/o Pinsent Masons LLP, 1 Park Row, Leeds, GBR, LS1 5AB

Website

https://www.trinityexploration.com

Trinity Exploration & Production PLC is an independent exploration and production company. Its activities include the exploration, development, production, and sale of crude oil. The company operates a portfolio of producing and development assets both onshore and offshore in the shallow waters off the West and East Coasts of Trinidad. It operates through one operating segment being exploration and development, production and extraction of hydrocarbons.