Scirocco Energy (LSE:SCIR) EBIT : £-2.02 Mil (TTM As of Jun. 2023)

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What is Scirocco Energy EBIT?

Scirocco Energy's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was £-0.97 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was £-2.02 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Scirocco Energy's annualized ROC % for the quarter that ended in Jun. 2023 was -15.38%. Scirocco Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -25.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Scirocco Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -106.43%.

Scirocco Energy EBIT Historical Data

The historical data trend for Scirocco 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.

Scirocco Energy EBIT Chart

Scirocco Energy Annual Data

Trend

Jun12

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-0.97

-1.84

-1.23

-1.88

-1.78

Scirocco Energy Semi-Annual Data
	Jun13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															-0.71	-1.17	-0.73	-1.05	-0.97

Competitive Comparison of Scirocco Energy's EBIT

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

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

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

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

Scirocco 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 £-2.02 Mil.

Scirocco Energy (LSE:SCIR) EBIT Explanation

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

Scirocco 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 )
=	-1.942 * ( 1 - 0% )	/	( (12.254	+	12.998)	/ 2 )
=	-1.942	/	12.626
=	-15.38 %

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	))
=	13.436	-	0.159	-	( 1.023	-	max(0, 3.334	-	11.948	+	1.023	))
=	12.254

	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	))
=	13.454	-	0.103	-	( 0.353	-	max(0, 3.965	-	11.932	+	0.353	))
=	12.998

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:

Scirocco 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 )
=	-1.942	/	( ( (0 + max(7.495, 0))	+	(0 + max(7.523, 0)) )	/	2 )
=	-1.942	/	( ( 7.495	+	7.523 )	/	2 )
=	-1.942	/	7.509
=	-25.86 %

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	+	0	+	10.829)	-	(0.159	+	0	+	3.175)
=	7.495

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	11.488)	-	(0.103	+	0	+	3.862)
=	7.523

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-2.02	/	1.898
	=	-106.43 %

Scirocco Energy EBIT Related Terms

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Scirocco Energy (LSE:SCIR) Business Description

Industry

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JTJ2:Germany

Address

1 Park Row, Leeds, GBR, LS1 5AB

Website

https://www.sciroccoenergy.com

Scirocco Energy PLC, formerly Solo Oil PLC is an oil and gas exploration company. Its principal activities are to acquire a diverse portfolio of direct and indirect interests in the exploration, development and production of oil and gas assets which are based in the Americas, Europe, and Africa.

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