State Gas (ASX:GAS) EBIT : A$-2.03 Mil (TTM As of Dec. 2023)

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What is State Gas EBIT?

State Gas's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-1.36 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-2.03 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. State Gas's annualized ROC % for the quarter that ended in Dec. 2023 was -3.90%. State Gas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. State Gas's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.92%.

State Gas EBIT Historical Data

The historical data trend for State Gas'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.

State Gas EBIT Chart

State Gas Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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-1.97

-3.37

-3.02

1.37

-1.08

State Gas Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial								0.27	1.11	-0.42	-0.66	-1.36

Competitive Comparison of State Gas's EBIT

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

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

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

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

State Gas 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 A$-2.03 Mil.

State Gas (ASX:GAS) EBIT Explanation

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

State Gas'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 )
=	-1.658 * ( 1 - 0% )	/	( (40.533	+	44.53)	/ 2 )
=	-1.658	/	42.5315
=	-3.90 %

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	))
=	40.914	-	1.169	-	( 0.453	-	max(0, 1.368	-	0.58	+	0.453	))
=	40.533

	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	))
=	47.362	-	1.724	-	( 1.525	-	max(0, 1.887	-	2.995	+	1.525	))
=	44.53

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:

State Gas'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 )
=	-2.726	/	( ( (39.934 + max(-1.106, 0))	+	(43.967 + max(-0.254, 0)) )	/	2 )
=	-2.726	/	( ( 39.934	+	43.967 )	/	2 )
=	-2.726	/	41.9505
=	-6.50 %

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)
=	(0	+	0	+	0.062)	-	(1.169	+	0	+	-0.00099999999999989)
=	-1.106

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.471	+	0	+	-0.00099999999999989)	-	(1.724	+	0	+	0)
=	-0.254

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:

State Gas's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-2.026	/	41.144
	=	-4.92 %

State Gas EBIT Related Terms

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State Gas (ASX:GAS) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

40 Edward Street, Suite 4, Level 1, Brisbane, QLD, AUS, 4000

Website

https://www.stategas.com

State Gas Ltd operates as an exploration and development of gas fields in Australia. It explores and produces liquefied natural gas. The project of the company includes Reid's Dome Conventional Gas, Santos Exploration Joint Venture and the Rolleston-West project.