UNEGF (United Energy Group) EBIT : $-329 Mil (TTM As of Jun. 2024)

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What is United Energy Group EBIT?

United Energy Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was $197 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $-329 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. United Energy Group's annualized ROC % for the quarter that ended in Jun. 2024 was 13.53%. United Energy Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 25.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. United Energy Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -44.47%.

United Energy Group EBIT Historical Data

The historical data trend for United Energy Group'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.

United Energy Group EBIT Chart

United Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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345.83

172.78

346.16

437.84

-221.04

United Energy Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															225.13	210.90	304.25	-526.19	197.02

Competitive Comparison of United Energy Group's EBIT

For the Oil & Gas E&P subindustry, United Energy Group'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.

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

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

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

United Energy Group 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-329 Mil.

United Energy Group (OTCPK:UNEGF) EBIT Explanation

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

United Energy Group's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	394.75 * ( 1 - 26.54% )	/	( (2114.012	+	2173.128)	/ 2 )
=	289.98335	/	2143.57
=	13.53 %

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	))
=	3307.274	-	851.186	-	( 426.382	-	max(0, 1150.786	-	1492.862	+	426.382	))
=	2114.012

	Invested Capital		(Q: Jun. 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	))
=	3497.502	-	1068.077	-	( 563.181	-	max(0, 1352.613	-	1608.91	+	563.181	))
=	2173.128

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

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

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	394.042	/	( ( (1510.795 + max(-170.465, 0))	+	(1569.028 + max(-447.107, 0)) )	/	2 )
=	394.042	/	( ( 1510.795	+	1569.028 )	/	2 )
=	394.042	/	1539.9115
=	25.59 %

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)
=	(878.935	+	32.34	+	3.5940000000001)	-	(851.186	+	0	+	234.148)
=	-170.465

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(823.786	+	41.792	+	3.7080000000001)	-	(1068.077	+	0	+	248.316)
=	-447.107

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-329.172	/	740.209
	=	-44.47 %

United Energy Group EBIT Related Terms

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United Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » United Energy Group Ltd (OTCPK:UNEGF) » Definitions » EBIT

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00467:Hong Kong 1UEN:Germany

Address

Two Pacific Place, 88 Queensway, Admiralty, Suite 2505, 25th Floor, Hong Kong, HKG

Website

http://www.uegl.com.hk

United Energy Group Ltd is principally engaged in the investment and operation of upstream oil, natural gas, and other energy-related businesses. The company has two reportable segments; Exploration and production, and Trading. The Exploration and production segment which generates key revenue includes activities relating to the exploration and production of crude oil and natural gas in Pakistan, Middle East, and North Africa. The Trading segment represents its activities relating to the trading of petrochemicals. Geographically, the firm has operational footprints in Pakistan, Singapore, Egypt, United Arab Emirates, Oman, Malaysia, South Korea, and Iraq which is also its key revenue generating market.

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