Source Rock Royalties (TSXV:SRR) EBIT : C$1.83 Mil (TTM As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Source Rock Royalties EBIT?

Source Rock Royalties's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was C$0.47 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was C$1.83 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Source Rock Royalties's annualized ROC % for the quarter that ended in Dec. 2023 was 5.91%. Source Rock Royalties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Source Rock Royalties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.78%.

Source Rock Royalties EBIT Historical Data

The historical data trend for Source Rock Royalties'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.

Source Rock Royalties EBIT Chart

Source Rock Royalties Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

-0.27

1.24

3.16

1.84

Source Rock Royalties Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial								0.64	0.31	0.41	0.65	0.47

Competitive Comparison of Source Rock Royalties's EBIT

For the Oil & Gas Midstream subindustry, Source Rock Royalties'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.

Source Rock Royalties's EV-to-EBIT Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Source Rock Royalties's EV-to-EBIT falls into.

Source Rock Royalties 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$1.83 Mil.

Source Rock Royalties (TSXV:SRR) EBIT Explanation

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

Source Rock Royalties's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	1.884 * ( 1 - 31.05% )	/	( (18.573	+	25.396)	/ 2 )
=	1.299018	/	21.9845
=	5.91 %

where

	Invested Capital		(Q: Sep. 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	))
=	27.456	-	0.463	-	( 8.42	-	max(0, 0.463	-	9.887	+	8.42	))
=	18.573

	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	))
=	27.259	-	0.401	-	( 1.462	-	max(0, 0.401	-	2.767	+	1.462	))
=	25.396

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Source Rock Royalties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1.884	/	( ( (17.003 + max(0.999, 0))	+	(24.152 + max(0.893, 0)) )	/	2 )
=	1.884	/	( ( 18.002	+	25.045 )	/	2 )
=	1.884	/	21.5235
=	8.75 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.42	+	0	+	0.042)	-	(0.463	+	0	+	0)
=	0.999

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.263	+	0	+	0.031)	-	(0.401	+	0	+	0)
=	0.893

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Source Rock Royalties's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1.834	/	38.342
	=	4.78 %

Source Rock Royalties EBIT Related Terms

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

Source Rock Royalties (TSXV:SRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Source Rock Royalties Ltd (TSXV:SRR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SRRRF:USA

Address

421 - 7th Avenue S.W, 30th Floor, Calgary, AB, CAN, T2P 4K9

Website

https://www.sourcerockroyalties.com

Source Rock Royalties Ltd is a pure-play oil and gas royalty company with an existing, light oil-focused portfolio of royalty interests concentrated in southeast Saskatchewan, east-central Alberta, west-central Alberta, and west-central Saskatchewan.

Executives

Bradley Robert Docherty	Director, Senior Officer
Shaun Ashton Thiessen	Director

Source Rock Royalties (TSXV:SRR) Headlines

No Headlines