Royale Energy (Royale Energy) EBIT : $-1.83 Mil (TTM As of Dec. 2023)

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What is Royale Energy EBIT?

Royale Energy's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-1.33 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.83 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Royale Energy's annualized ROC % for the quarter that ended in Dec. 2023 was 8.01%. Royale Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -190.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Royale Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -7.11%.

Royale Energy EBIT Historical Data

The historical data trend for Royale 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.

Royale Energy EBIT Chart

Royale Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-0.33

-8.14

-3.59

-0.14

-1.83

Royale Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															0.59	1.00	-1.04	-0.47	-1.33

Competitive Comparison of Royale Energy's EBIT

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

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

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

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

Royale 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.83 Mil.

Royale Energy (OTCPK:ROYL) EBIT Explanation

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

Royale Energy'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	1.136 * ( 1 - 0% )	/	( (14.42	+	13.943)	/ 2 )
=	1.136	/	14.1815
=	8.01 %

where

	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	))
=	13.489	-	6.552	-	( 0.524	-	max(0, 17.453	-	9.97	+	0.524	))
=	14.42

	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	))
=	12.915	-	6.156	-	( 2.203	-	max(0, 16.854	-	9.67	+	2.203	))
=	13.943

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Royale Energy'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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-5.312	/	( ( (2.929 + max(-8.952, 0))	+	(2.656 + max(-10.341, 0)) )	/	2 )
=	-5.312	/	( ( 2.929	+	2.656 )	/	2 )
=	-5.312	/	2.7925
=	-190.22 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.273	+	0	+	8.143)	-	(6.552	+	10.141	+	0.675)
=	-8.952

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.878	+	0	+	5.552)	-	(6.156	+	9.77	+	0.845)
=	-10.341

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-1.83	/	25.742
	=	-7.11 %

Royale Energy EBIT Related Terms

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Royale Energy (Royale Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Royale Energy Inc (OTCPK:ROYL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1530 Hilton Head Road, Suite 205, El Cajon, CA, USA, 92019

Website

https://www.royl.com

Royale Energy Inc is an independent oil and natural gas producer. The company's business includes the production and sale of oil and natural gas, acquisition of oil and gas lease interests and proved reserves, drilling of both exploratory and development wells, and sales of fractional working interests in wells to be drilled by Royale. Its own wells and leases are located in the Sacramento Basin and San Joaquin Basin in California as well as in Utah, Texas, Oklahoma, and Louisiana.

Executives

Jonathan Gregory	director, officer: Chief Executive Officer	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Stephen M Hosmer	officer: CFO and Secretary	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Barry D Lasker	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Karen Kerns	director, 10 percent owner	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Thomas M Gladney	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Harry Hosmer	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Michael Mccaskey	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Robert J Vogel	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Mel G Riggs	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Johnny Jordan	director, 10 percent owner, officer: President	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Rod Eson	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Jeffrey R Kerns	director, 10 percent owner	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Ronald Verdier	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Ronald L Buck	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020