Boomerang Oil (XCNQ:BOI) EBIT : C$-0.25 Mil (TTM As of Jun. 2015)

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What is Boomerang Oil EBIT?

Boomerang Oil's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2015 was C$-0.13 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2015 was C$-0.25 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Boomerang Oil's annualized ROC % for the quarter that ended in Jun. 2015 was -25.23%. Boomerang Oil's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was -42.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Boomerang Oil's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was -70.70%.

Boomerang Oil EBIT Historical Data

The historical data trend for Boomerang Oil'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.

Boomerang Oil EBIT Chart

Boomerang Oil Annual Data

Trend

Sep12

Sep13

Sep14

EBIT

-0.08

0.06

-0.29

Boomerang Oil Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
EBIT	Get a 7-Day Free Trial										-0.29	0.02	-0.09	-0.05	-0.13

Competitive Comparison of Boomerang Oil's EBIT

For the Oil & Gas E&P subindustry, Boomerang Oil'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.

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

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

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

Boomerang Oil 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. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.25 Mil.

Boomerang Oil (XCNQ:BOI) EBIT Explanation

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

Boomerang Oil's annualized ROC % for the quarter that ended in Jun. 2015 is calculated as:

	ROC % (Q: Jun. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2015 )	+	Invested Capital (Q: Jun. 2015 ))	/ count )
=	-0.508 * ( 1 - 0% )	/	( (1.947	+	2.08)	/ 2 )
=	-0.508	/	2.0135
=	-25.23 %

where

	Invested Capital		(Q: Mar. 2015 )
=	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	))
=	1.212	-	0.259	-	( 0.01	-	max(0, 1.031	-	0.037	+	0.01	))
=	1.947

	Invested Capital		(Q: Jun. 2015 )
=	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	))
=	1.242	-	0.421	-	( 0.01	-	max(0, 1.27	-	0.011	+	0.01	))
=	2.08

Note: The Operating Income data used here is four times the quarterly (Jun. 2015) data.

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

Boomerang Oil's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2015		Q: Jun. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.508	/	( ( (1.165 + max(-0.232, 0))	+	(1.221 + max(-0.421, 0)) )	/	2 )
=	-0.508	/	( ( 1.165	+	1.221 )	/	2 )
=	-0.508	/	1.193
=	-42.58 %

where Working Capital is:

	Working Capital		(Q: Mar. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.026	+	0	+	0)	-	(0.259	+	0	+	-0.0010000000000001)
=	-0.232

	Working Capital		(Q: Jun. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.421	+	0	+	0)
=	-0.421

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2015) EBIT data.

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

Boomerang Oil's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2015 )
	=	-0.251	/	0.355
	=	-70.70 %

Boomerang Oil EBIT Related Terms

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Boomerang Oil (XCNQ:BOI) Business Description

Industry

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Traded in Other Exchanges

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Address

Website

http://www.boomerangoil.com

Boomerang Oil Inc is an independent oil and gas company engaged in the exploration, development, and exploitation of crude oil and natural gas properties in the United States. Its properties are located in Permian Basin and Crawar Field in Texas.

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