Journey Energy (TSX:JOY) EBIT : C$27.6 Mil (TTM As of Mar. 2024)

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What is Journey Energy EBIT?

Journey Energy's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was C$4.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was C$27.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Journey Energy's annualized ROC % for the quarter that ended in Mar. 2024 was 3.06%. Journey Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Journey Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 13.36%.

Journey Energy EBIT Historical Data

The historical data trend for Journey 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.

Journey Energy EBIT Chart

Journey Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-8.77

-47.00

108.43

69.59

29.40

Journey Energy 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															8.82	0.05	10.24	12.41	4.94

Competitive Comparison of Journey Energy's EBIT

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

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

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

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

Journey 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$27.6 Mil.

Journey Energy (TSX:JOY) EBIT Explanation

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

Journey Energy'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 )
=	27.584 * ( 1 - 32.47% )	/	( (622.178	+	593.543)	/ 2 )
=	18.6274752	/	607.8605
=	3.06 %

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	))
=	610.136	-	47.214	-	( 17.715	-	max(0, 105.976	-	46.72	+	17.715	))
=	622.178

	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	))
=	610.93	-	43.537	-	( 20.907	-	max(0, 79.048	-	52.898	+	20.907	))
=	593.543

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

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

Journey Energy'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 )
=	19.776	/	( ( (480.902 + max(-26.164, 0))	+	(478.941 + max(-18.196, 0)) )	/	2 )
=	19.776	/	( ( 480.902	+	478.941 )	/	2 )
=	19.776	/	479.9215
=	4.12 %

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)
=	(24.734	+	0	+	4.271)	-	(47.214	+	0	+	7.955)
=	-26.164

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(26.809	+	0	+	5.182)	-	(43.537	+	0	+	6.65)
=	-18.196

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	27.645	/	206.980
	=	13.36 %

Journey Energy EBIT Related Terms

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Journey Energy (TSX:JOY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Journey Energy Inc (TSX:JOY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

JRNGF:USA 17J:Germany

Address

517 - 10th Avenue South West, Suite 700, Calgary, AB, CAN, T2R 0A8

Website

https://www.journeyenergy.ca

Journey Energy Inc is engaged in the exploration, development, and production of crude oil and natural gas in Alberta province. The company's principal revenue source is from petroleum and natural gas sales which include the sale of crude oil, natural gas and natural gas liquids, of which it derives key revenue from the sale of crude oil.

Executives

Craig Henry Hansen

Director