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Panoro Energy ASA (OSL:PEN) EBIT : kr909 Mil (TTM As of Mar. 2024)


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What is Panoro Energy ASA EBIT?

Panoro Energy ASA's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was kr273 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was kr909 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Panoro Energy ASA's annualized ROC % for the quarter that ended in Mar. 2024 was 10.67%. Panoro Energy ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 26.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Panoro Energy ASA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 18.92%.


Panoro Energy ASA EBIT Historical Data

The historical data trend for Panoro Energy ASA'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.

Panoro Energy ASA EBIT Chart

Panoro Energy ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 194.91 42.29 633.03 691.21 906.68

Panoro Energy ASA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 276.62 -63.98 576.79 123.61 272.88

Competitive Comparison of Panoro Energy ASA's EBIT

For the Oil & Gas E&P subindustry, Panoro Energy ASA'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.


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

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

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



Panoro Energy ASA 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr909 Mil.

* 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.


Panoro Energy ASA  (OSL:PEN) EBIT Explanation

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

Panoro Energy ASA's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=1091.52 * ( 1 - 42.53% )/( (5886.587 + 5868.471)/ 2 )
=627.296544/5877.529
=10.67 %

where

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))
=6460.252 - 632.162 - ( 293.495 - max(0, 1215.829 - 1157.332+293.495))
=5886.587

Invested Capital(Q: Mar. 2024 )
=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))
=6790.874 - 861.49 - ( 238.104 - max(0, 1244.948 - 1305.861+238.104))
=5868.471

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Panoro Energy ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1091.52/( ( (2726.957 + max(-181.008, 0)) + (5483.495 + max(16.31, 0)) )/ 2 )
=1091.52/( ( 2726.957 + 5499.805 )/ 2 )
=1091.52/4113.381
=26.54 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(226.675 + 533.114 + -0.00099999999997635) - (632.162 + 0 + 308.634)
=-181.008

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 1067.758 + -0.00099999999997635) - (861.49 + 0 + 189.957)
=16.31

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=909.293/4805.466
=18.92 %

* 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.


Panoro Energy ASA EBIT Related Terms

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Panoro Energy ASA (OSL:PEN) Business Description

Traded in Other Exchanges
Address
c/o Advokatfirma Schjodt AS, Tordenskiolds gate 12, P.O. Box 2444, Solli, Oslo, NOR, 0201
Panoro Energy ASA is a Norway based exploration and production company principally engaged in the exploration of oil and gas. The Group has four reportable segments by geographic locations in Equatorial Guinea, Gabon, Tunisia and South Africa.