Horizon Oil (Horizon Oil) EBIT : $63.0 Mil (TTM As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Horizon Oil EBIT?

Horizon Oil's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $28.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $63.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Horizon Oil's annualized ROC % for the quarter that ended in Dec. 2023 was 30.89%. Horizon Oil's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 56.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Horizon Oil's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 41.15%.

Horizon Oil EBIT Historical Data

The historical data trend for Horizon 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.

Horizon Oil EBIT Chart

Horizon Oil Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

Get a 7-Day Free Trial

49.00

-48.43

10.15

44.74

60.81

Horizon Oil Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															15.31	29.42	25.82	34.98	28.07

Competitive Comparison of Horizon Oil's EBIT

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

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

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

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

Horizon 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $63.0 Mil.

Horizon Oil (OTCPK:HZNFF) EBIT Explanation

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

Horizon Oil's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	55.96 * ( 1 - 31.34% )	/	( (131.974	+	116.777)	/ 2 )
=	38.422136	/	124.3755
=	30.89 %

where

	Invested Capital		(Q: Jun. 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	))
=	183.498	-	13.405	-	( 43.591	-	max(0, 28.375	-	66.494	+	43.591	))
=	131.974

	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	))
=	174.896	-	13.053	-	( 45.066	-	max(0, 22.364	-	68.143	+	45.066	))
=	116.777

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Horizon Oil's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	56.132	/	( ( (105.062 + max(2.44, 0))	+	(91.4 + max(0.71299999999999, 0)) )	/	2 )
=	56.132	/	( ( 107.502	+	92.113 )	/	2 )
=	56.132	/	99.8075
=	56.24 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(18.351	+	2.953	+	1.599)	-	(13.405	+	7.058	+	0)
=	2.44

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(17.089	+	4.123	+	1.865)	-	(13.053	+	9.311	+	0)
=	0.71299999999999

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	63.048	/	153.198
	=	41.15 %

Horizon Oil EBIT Related Terms

Thank you for viewing the detailed overview of Horizon Oil's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Horizon Oil (Horizon Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Horizon Oil Ltd (OTCPK:HZNFF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

HZN:Australia

Address

360 Kent Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://horizonoil.com.au

Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company's exploration, development, and production activities are focused on Southeast Asia. The operating segments of the group are New Zealand exploration and development, China exploration and development, and All other segments. It generates the prime revenue from New Zealand's exploration and development segment in which the group is involved in the development and production of crude oil and oil field development and in the exploration and evaluation of hydrocarbons. The operations of the organization are carried out in China and New Zealand.

Horizon Oil (Horizon Oil) Headlines

From GuruFocus

Horizon Oil Ltd's Dividend Analysis

By GuruFocus Research • 10-16-2023