UNRG (United Energy) EBIT : $-0.56 Mil (TTM As of Dec. 2010)

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What is United Energy EBIT?

United Energy's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2010 was $-0.23 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2010 was $-0.56 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. United Energy's annualized ROC % for the quarter that ended in Dec. 2010 was -202.17%. United Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2010 was -1,412.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. United Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2010 was -3.22%.

United Energy EBIT Historical Data

The historical data trend for United 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.

United Energy EBIT Chart

United Energy Annual Data

Trend

Mar00

Mar01

Mar02

Mar03

Mar04

Mar05

Mar06

Mar07

Mar08

Mar09

EBIT

Get a 7-Day Free Trial

-1.57

-10.28

-2.44

-2.11

-1.34

United Energy Quarterly Data
	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10
EBIT	Get a 7-Day Free Trial															-0.55	-0.21	-0.04	-0.07	-0.23

Competitive Comparison of United Energy's EBIT

For the Oil & Gas E&P subindustry, United 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.

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

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

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

United 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 Dec. 2010 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.56 Mil.

United Energy (OTCPK:UNRG) EBIT Explanation

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

United Energy's annualized ROC % for the quarter that ended in Dec. 2010 is calculated as:

	ROC % (Q: Dec. 2010 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2010 )	+	Invested Capital (Q: Dec. 2010 ))	/ count )
=	-0.932 * ( 1 - % )	/	( (0.468	+	0.454)	/ 2 )
=	-0.932	/	0.461
=	-202.17 %

where

	Invested Capital		(Q: Sep. 2010 )
=	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	))
=	1.016	-	1.055	-	( 0.15	-	max(0, 1.085	-	0.578	+	0.15	))
=	0.468

	Invested Capital		(Q: Dec. 2010 )
=	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	))
=	0.731	-	0.996	-	( 0.067	-	max(0, 1.026	-	0.307	+	0.067	))
=	0.454

Note: The Operating Income data used here is four times the quarterly (Dec. 2010) data.

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

United Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2010 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2010 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2010		Q: Dec. 2010
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.932	/	( ( (0.069 + max(-0.652, 0))	+	(0.063 + max(-0.781, 0)) )	/	2 )
=	-0.932	/	( ( 0.069	+	0.063 )	/	2 )
=	-0.932	/	0.066
=	-1,412.12 %

where Working Capital is:

	Working Capital		(Q: Sep. 2010 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.304	+	0.078	+	0.021)	-	(1.055	+	0	+	0)
=	-0.652

	Working Capital		(Q: Dec. 2010 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.086	+	0.094	+	0.035)	-	(0.996	+	0	+	0)
=	-0.781

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2010) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2010 )
	=	-0.559	/	17.363
	=	-3.22 %

United Energy EBIT Related Terms

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United Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » United Energy Corp (OTCPK:UNRG) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

101 East Park Boulevard, 6th Floor, Plano, TX, USA, 75074

Website

https://www.unitedenergycorp.net

United Energy Corp is engaged in the exploration and production of oil and natural gas properties. The company's holdings include assets and operations in Texas, Oklahoma, Kansas, and Louisiana.

Executives

Jack Silver	director, 10 percent owner	660 MADISON AVENUE, NEW YORK NY 10021
Adam Hershey	director	140 RIVERSIDE BOULEVARD, APT 2302, NEW YORK NY 10069
Grano Joseph J Jr	other: Former 10% Owner	C/O MEDGENICS, INC., 435 DEVON PARK DRIVE BLDG 700, WAYNE PA 19087

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