88 Energy (LSE:88E) EBIT : £-1.89 Mil (TTM As of Jun. 2023)

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What is 88 Energy EBIT?

88 Energy's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was £0.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was £-1.89 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. 88 Energy's annualized ROC % for the quarter that ended in Jun. 2023 was 0.00%. 88 Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 0.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. 88 Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -6.73%.

88 Energy EBIT Historical Data

The historical data trend for 88 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.

88 Energy EBIT Chart

88 Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-17.70

-10.89

-0.65

-39.17

-7.63

88 Energy 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															-1.52	-38.40	-1.89	-	-

Competitive Comparison of 88 Energy's EBIT

For the Oil & Gas E&P subindustry, 88 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.

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

For the Oil & Gas industry and Energy sector, 88 Energy's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where 88 Energy's EV-to-EBIT falls into.

88 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-1.89 Mil.

88 Energy (LSE:88E) EBIT Explanation

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

88 Energy'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: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	0 * ( 1 - 0% )	/	( (65.258	+	0)	/ 1 )
=	0	/	65.258
=	0.00 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	73.694	-	0.612	-	( 7.824	-	max(0, 0.748	-	8.683	+	7.824	))
=	65.258

	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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

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

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

88 Energy'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: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0	/	( ( (53.458 + max(0.111, 0))	+	(0 + max(0, 0)) )	/	1 )
=	0	/	( ( 53.569	+	0 )	/	1 )
=	0	/	53.569
=	0.00 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.859	+	0	+	0)	-	(0.612	+	0	+	0.136)
=	0.111

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

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-1.893	/	28.119
	=	-6.73 %

88 Energy EBIT Related Terms

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88 Energy (LSE:88E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » 88 Energy Ltd (LSE:88E) » Definitions » EBIT

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EEENF:USA POQ:Germany 88E:Australia

Address

516 Hay Street, Ground Floor, Subiaco, WA, AUS, 6008

Website

https://www.88energy.com

88 Energy Ltd is an upstream oil and gas operations company based in Australia. Its business involves exploring potential oil and natural gas and processing the acquired crude reserves. The company has oil and gas assets located across the United States and Australia. The value of its interests and operatorship in Alaska by far supersedes that of its Australian projects. The company's projects include Project Icewine, Yukon Gold Acreage, and Western Blocks. The company focuses on 1H 2016, which is a high resolution wide-azimuth three dimensional (3D) seismic acquisition. It also focuses on horizontal multi-stage frac and production test or vertical conventional test in its Icewine 2 project.

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