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Permex Petroleum (XCNQ:OIL) EBIT : C$-5.72 Mil (TTM As of Jun. 2023)


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What is Permex Petroleum EBIT?

Permex Petroleum's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was C$-1.21 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was C$-5.72 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Permex Petroleum's annualized ROC % for the quarter that ended in Jun. 2023 was -33.46%. Permex Petroleum's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -34.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Permex Petroleum's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -250.79%.


Permex Petroleum EBIT Historical Data

The historical data trend for Permex Petroleum'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.

Permex Petroleum EBIT Chart

Permex Petroleum Annual Data
Trend Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
EBIT
Get a 7-Day Free Trial -2.65 -1.09 -1.63 -1.57 -3.58

Permex Petroleum Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.13 -1.22 -1.78 -1.52 -1.21

Competitive Comparison of Permex Petroleum's EBIT

For the Oil & Gas E&P subindustry, Permex Petroleum'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.


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

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

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



Permex Petroleum 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-5.72 Mil.

* 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.


Permex Petroleum  (XCNQ:OIL) EBIT Explanation

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

Permex Petroleum's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

ROC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=-4.848 * ( 1 - 0% )/( (14.677 + 14.297)/ 2 )
=-4.848/14.487
=-33.46 %

where

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

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

Permex Petroleum's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-4.832/( ( (14.363 + max(-3.181, 0)) + (13.997 + max(-4.233, 0)) )/ 2 )
=-4.832/( ( 14.363 + 13.997 )/ 2 )
=-4.832/14.18
=-34.08 %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.213 + 0 + 0.247) - (3.641 + 0 + 0)
=-3.181

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.129 + 0 + 0.181) - (4.542 + 0 + 0.0010000000000003)
=-4.233

When net working capital is negative, 0 is used.

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

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

Permex Petroleum's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2023 )
=-5.723/2.282
=-250.79 %

* 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.


Permex Petroleum EBIT Related Terms

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Permex Petroleum (XCNQ:OIL) Business Description

Traded in Other Exchanges
Address
666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 2X8
Permex Petroleum Corp is a junior oil and gas company with assets and operations across the Permian Basin of West Texas and the Delaware SubBasin of New Mexico. The company through its wholly-owned subsidiary, Permex Petroleum US Corporation owns and operates on private, state, and federal land. The company has a single reportable segment i.e. acquisition, development, and production of oil and gas properties in the United States.
Executives
Mehran Ehsan Director, Senior Officer

Permex Petroleum (XCNQ:OIL) Headlines

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