UK Oil & Gas (LSE:UKOG) EBIT : £-3.48 Mil (TTM As of Sep. 2023)

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What is UK Oil & Gas EBIT?

UK Oil & Gas's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was £-2.16 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was £-3.48 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. UK Oil & Gas's annualized ROC % for the quarter that ended in Sep. 2023 was -8.46%. UK Oil & Gas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -11.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. UK Oil & Gas's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -88.41%.

UK Oil & Gas EBIT Historical Data

The historical data trend for UK Oil & 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.

UK Oil & Gas EBIT Chart

UK Oil & Gas Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

EBIT

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-5.10

-20.83

-4.74

-5.40

-3.48

UK Oil & Gas Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															-3.73	-1.29	-4.11	-1.32	-2.16

Competitive Comparison of UK Oil & Gas's EBIT

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

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

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

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

UK Oil & 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-3.48 Mil.

UK Oil & Gas (LSE:UKOG) EBIT Explanation

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

UK Oil & Gas's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-3.456 * ( 1 - 0% )	/	( (39.774	+	41.888)	/ 2 )
=	-3.456	/	40.831
=	-8.46 %

where

	Invested Capital		(Q: Mar. 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	))
=	39.63	-	0.344	-	( 2.262	-	max(0, 3.51	-	3.022	+	2.262	))
=	39.774

	Invested Capital		(Q: Sep. 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	))
=	39.556	-	0.447	-	( 1.868	-	max(0, 5.419	-	2.64	+	1.868	))
=	41.888

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

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

UK Oil & Gas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.32	/	( ( (36.608 + max(0.416, 0))	+	(36.917 + max(-0.43, 0)) )	/	2 )
=	-4.32	/	( ( 37.024	+	36.917 )	/	2 )
=	-4.32	/	36.9705
=	-11.68 %

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)
=	(0.757	+	0.003	+	-4.4408920985006E-16)	-	(0.344	+	0	+	0)
=	0.416

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.187	+	0.018	+	0)	-	(0.447	+	0	+	0.188)
=	-0.43

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-3.48	/	3.936
	=	-88.41 %

UK Oil & Gas EBIT Related Terms

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UK Oil & Gas (LSE:UKOG) Business Description

Industry

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Address

20 Primrose Street, 8th Floor, The Broadgate Tower, London, GBR, EC2A 2EW

Website

https://www.ukogplc.com

UK Oil & Gas PLC operates as an oil and gas exploration company. Its principal activity is to acquire a portfolio of direct and indirect interests in the exploration, development, and production of oil and gas assets. The company's current operational focus is on the UK and Turkey onshore sectors. Its current UK onshore portfolio consists of direct and indirect interests in six oil and gas exploration, appraisal, development, and production assets, all situated within the Weald and Purbeck-Wight Basins of southern England. The company has three reportable segments: Oil exploration and production which includes producing business activities; Oil exploration and evaluation which includes non-producing activities; Head Office, corporate and administrative, including parent company activities.

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