WMELF (Westmount Energy) EBIT : $-0.34 Mil (TTM As of Jun. 2024)

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What is Westmount Energy EBIT?

Westmount Energy's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was $-0.16 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $-0.34 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Westmount Energy's annualized ROC % for the quarter that ended in Jun. 2024 was -5.88%. Westmount Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Westmount Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -36.43%.

Westmount Energy EBIT Historical Data

The historical data trend for Westmount 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.

Westmount Energy EBIT Chart

Westmount Energy Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

EBIT

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-0.07

-1.38

-9.15

-0.32

-0.34

Westmount Energy 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															-8.97	-0.18	-0.14	-0.18	-0.16

Competitive Comparison of Westmount Energy's EBIT

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

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

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

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

Westmount 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.34 Mil.

Westmount Energy (OTCPK:WMELF) EBIT Explanation

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

Westmount Energy'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 )
=	-0.32 * ( 1 - 0% )	/	( (5.377	+	5.511)	/ 2 )
=	-0.32	/	5.444
=	-5.88 %

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	))
=	5.852	-	0.046	-	( 0.438	-	max(0, 0.046	-	0.475	+	0.438	))
=	5.377

	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	))
=	5.793	-	0	-	( 0.282	-	max(0, 0.065	-	0.355	+	0.282	))
=	5.511

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:

Westmount Energy'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 )
=	-0.32	/	( ( (0 + max(-0.046, 0))	+	(0 + max(-0.024, 0)) )	/	2 )
=	-0.32	/	( ( 0	+	0 )	/	2 )
=	-0.32	/	0
=	%

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)
=	(0	+	0	+	0)	-	(0.046	+	0	+	0)
=	-0.046

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.041)	-	(0	+	0	+	0.065)
=	-0.024

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-0.337	/	0.925
	=	-36.43 %

Westmount Energy EBIT Related Terms

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Westmount Energy Business Description

Industry

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WTE:UK

Address

Castle Street, Floor 4, Liberation House, Saint Helier, JEY, JE1 4HH

Website

https://www.westmountenergy.com

Westmount Energy Ltd operates as an energy investment company. The investment plan of the company is to invest in and provide follow-up capital to small and medium-sized companies that have growth possibilities. Its portfolio of energy shares includes Eco (Atlantic) Oil and Gas Ltd, JHI Associates Inc, Cataleya Energy Corp, and others.

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