Norstra Energy (Norstra Energy) EBIT : $-0.33 Mil (TTM As of Nov. 2013)

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What is Norstra Energy EBIT?

Norstra Energy's earnings before interest and taxes (EBIT) for the three months ended in Nov. 2013 was $-0.11 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2013 was $-0.33 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Norstra Energy's annualized ROC % for the quarter that ended in Nov. 2013 was -107.38%. Norstra Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2013 was -107.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Norstra Energy EBIT Historical Data

The historical data trend for Norstra 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.

Norstra Energy EBIT Chart

Norstra Energy Annual Data

Trend

Feb12

Feb13

EBIT

-0.04

Norstra Energy Quarterly Data
	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13
EBIT	Get a 7-Day Free Trial			-0.02	-	-0.07	-0.15	-0.11

Competitive Comparison of Norstra Energy's EBIT

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

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

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

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

Norstra 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 Nov. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.33 Mil.

Norstra Energy (GREY:NORX) EBIT Explanation

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

Norstra Energy's annualized ROC % for the quarter that ended in Nov. 2013 is calculated as:

	ROC % (Q: Nov. 2013 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Aug. 2013 )	+	Invested Capital (Q: Nov. 2013 ))	/ count )
=	-0.444 * ( 1 - 0% )	/	( (0.242	+	0.585)	/ 2 )
=	-0.444	/	0.4135
=	-107.38 %

where

	Invested Capital		(Q: Aug. 2013 )
=	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	))
=	0.473	-	0.065	-	( 0.231	-	max(0, 0.065	-	0.231	+	0.231	))
=	0.242

	Invested Capital		(Q: Nov. 2013 )
=	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	))
=	0.757	-	0.085	-	( 0.172	-	max(0, 0.085	-	0.172	+	0.172	))
=	0.585

Note: The Operating Income data used here is four times the quarterly (Nov. 2013) data.

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

Norstra Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2013 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Nov. 2013 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Aug. 2013		Q: Nov. 2013
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.444	/	( ( (0.242 + max(-0.065, 0))	+	(0.585 + max(-0.085, 0)) )	/	2 )
=	-0.444	/	( ( 0.242	+	0.585 )	/	2 )
=	-0.444	/	0.4135
=	-107.38 %

where Working Capital is:

	Working Capital		(Q: Aug. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.065	+	0	+	0)
=	-0.065

	Working Capital		(Q: Nov. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.085	+	0	+	0)
=	-0.085

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Nov. 2013) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Nov. 2013 )
	=	-0.333	/	0.000
	=	%

Norstra Energy EBIT Related Terms

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Norstra Energy (Norstra Energy) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

1048 WEST 11TH, Suite 400, Spokane, WA, USA, 99204

Website

http://www.norstraenergy.com

Norstra Energy Inc explores and develops oil and gas properties. The exploration activities of company are subject to federal, state and local laws and regulations governing exploration, environmental matters, occupational health and safety, taxes, labor standards and other matters.

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