VOC Energy Trust Financial Ratios — VOC Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	36.13	29.09	24.43	29.52	8.19	5.42	10.31	16.34	17.72	9.29	49.52	139.6	107.07	98.32	66.41
Return on Assets (%)	36.13	29.09	24.43	29.52	8.19	5.42	10.31	16.34	17.72	9.29	49.52	139.6	107.07	98.32	66.41
Return on Capital (%)	30.63	29.09	24.43	29.52	8.19	5.42	10.31	16.34	17.72	9.29	49.52	139.6	107.07	98.32	66.41
Return on Invested Capital (%)	30.53	29.09	24.43	29.52	8.19	5.42	10.31	16.34	17.72	9.29	49.52	139.6	107.07	98.32	66.41
Gross Margin (%)	98.8	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	97.13	97.68	97.56	97.41	92.61	84.26	91.38	93.29	93.31	76.4	93.2	91.87	92.44	91.1	85.79
Operating Margin (%)	97.13	97.68	97.56	97.41	92.61	84.26	91.38	93.29	93.31	76.4	93.2	91.87	92.44	91.1	85.79
Incremental Operating Margin (%)	-23.43	98.72	98.1	96.01	99.17	109.3	103.2	98	92.09	104.37	112.78	91	90.55	98.87	100.24
Pretax Margin (%)	97.13	97.68	97.56	97.41	92.61	84.26	91.38	93.29	93.31	76.4	93.2	91.87	92.44	91.1	85.79
Profit Margin (%)	97.13	97.68	97.56	97.41	92.61	84.26	91.38	93.29	93.31	76.4	93.2	91.87	92.44	91.1	85.79
Net Income to Common Margin (%)	97.13	97.68	97.56	97.41	92.61	84.26	91.38	93.29	93.31	76.4	93.2	91.87	92.44	91.1	85.79
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	100	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	29.09	24.43	29.52	8.19	5.42	10.31	16.34	17.72	9.29	49.52	139.6	107.07	98.32	66.41

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	-0.01	-0.01	-0.02	-0.01	-0.03	-0.05	-0.04	-0.03	-0.03	-0.16	-0.03	-0.06	-0.09	-0.14	-0.27
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	-0.01	-0.01	-0.02	-0.01	-0.03	-0.05	-0.04	-0.03	-0.03	-0.16	-0.03	-0.06	-0.09	-0.14	-0.27
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt to Equity	-0.22	-0.39	-0.4	-0.41	-0.27	-0.28	-0.41	-0.51	-0.51	-3.17	-1.79	-8.3	-10.69	-14.7	-19.49
Net Debt/Capital (%)	-0.22	-0.39	-0.41	-0.41	-0.27	-0.28	-0.41	-0.52	-0.52	-3.28	-1.83	-9.05	-11.97	-17.23	-24.2
EBITDA	24	37	29	31	8	5	8	12	12	4	9	22	15	12	7
EBITDA-CapEx	24	37	29	31	8	5	8	12	12	4	9	22	15	12	7
Operating Income (Loss)	24	37	29	31	8	5	8	12	12	4	9	22	15	12	7

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Total Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	10.49	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	34.78	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	0.71	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	515.52	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	-480.73	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	34.78	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	377	218	247	91	42	54	101	61	79	38	80	176	122	81	46
- Cash & Cash Equivalents	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	1	1	2	2
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	377	218	247	90	42	54	100	61	78	37	79	175	121	80	44
Total Capital	134	122	111	102	93	85	78	70	63	19	16	15	13	12	10
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	15.16	5.71	8.43	2.8	4.82	9.36	10.89	4.72	6.19	7.42	8.54	7.42	7.35	5.84	5.09
EV/EBITDA	15.61	5.85	8.64	2.87	5.2	11.11	11.92	5.05	6.63	9.71	9.16	8.08	7.95	6.41	5.93
EV/EBIT	15.61	5.85	8.64	2.87	5.2	11.11	11.92	5.05	6.63	9.71	9.16	8.08	7.95	6.41	5.93
EV/Cash Flow to Firm	2.39	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	2.39	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	377	218	247	91	42	54	101	61	79	38	80	176	122	81	46
Diluted Enterprise Value	377	218	247	90	42	54	100	61	78	37	79	175	121	80	44
EV per Share	22.16	12.8	14.52	5.32	2.45	3.17	5.9	3.59	4.61	2.18	4.67	10.3	7.12	4.68	2.58
TTM Sales	25	38	29	32	9	6	9	13	13	5	9	24	16	14	9
TTM EBITDA	24	37	29	31	8	5	8	12	12	4	9	22	15	12	7
TTM Operating Income	24	37	29	31	8	5	8	12	12	4	9	22	15	12	7
TTM Cash Flow to Firm	158	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	158	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	2.39	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	15.61	5.85	8.64	2.87	5.2	11.11	11.92	5.05	6.63	9.71	9.16	8.08	7.95	6.41	5.93
Enterprise Value	377	218	247	90	42	54	100	61	78	37	79	175	121	80	44
Low Price	17.65	11.97	11.69	4.83	2.26	1.73	3.15	3.32	3.61	1.26	2.23	4.65	6.86	4.45	2.44
EV/Sales	15.16	5.71	8.43	2.8	4.82	9.36	10.89	4.72	6.19	7.42	8.54	7.42	7.35	5.84	5.09
EV/EBITDA	15.61	5.85	8.64	2.87	5.2	11.11	11.92	5.05	6.63	9.71	9.16	8.08	7.95	6.41	5.93
Price/Earnings	15.62	5.86	8.66	2.89	5.23	11.16	11.96	5.08	6.66	9.87	9.2	8.13	8.04	6.55	6.21
Price/Earnings Average	15.23	8.66	8.56	7.28	10.12	10.59	8.13	7.2	7.34	10.44	7.96	5.75	9.59	7.62	7.19
Price/Earnings High	17.5	11.17	10.42	9.32	13.83	12.81	12.42	9.38	9.87	22.71	10.55	8.17	15.31	10.56	11.77
Price/Earnings Low	12.43	5.47	6.96	2.61	4.81	6.07	6.36	4.68	5.19	5.6	4.37	3.65	7.66	6.1	5.61
Price/Book Value	2.82	1.78	2.22	0.89	0.45	0.63	1.3	0.88	1.24	1.99	4.98	11.71	9.15	6.84	4.41
Price/Book Value Average	2.75	2.64	2.19	2.25	0.87	0.6	0.88	1.24	1.37	2.1	4.31	8.28	10.91	7.97	5.11
Price/Book Value High	3.16	3.4	2.67	2.88	1.18	0.73	1.35	1.62	1.84	4.57	5.71	11.77	17.42	11.04	8.37
Price/Book Value Low	2.25	1.66	1.78	0.81	0.41	0.34	0.69	0.81	0.97	1.13	2.37	5.25	8.72	6.37	3.99
Price/Tangible Book Value	2.82	1.78	2.22	0.89	0.45	0.63	1.3	0.88	1.24	1.99	4.98	11.71	9.15	6.84	4.41
Price/Tangible Book Value Average	2.75	2.64	2.19	2.25	0.87	0.6	0.88	1.24	1.37	2.1	4.31	8.28	10.91	7.97	5.11
Price/Tangible Book Value High	3.16	3.4	2.67	2.88	1.18	0.73	1.35	1.62	1.84	4.57	5.71	11.77	17.42	11.04	8.37
Price/Tangible Book Value Low	2.25	1.66	1.78	0.81	0.41	0.34	0.69	0.81	0.97	1.13	2.37	5.25	8.72	6.37	3.99
Price/Sales	15.17	5.72	8.45	2.81	4.85	9.4	10.93	4.74	6.22	7.54	8.57	7.47	7.44	5.97	5.32
Price/Sales Average	14.79	8.46	8.35	7.09	9.37	8.92	7.43	6.72	6.84	7.98	7.41	5.28	8.86	6.94	6.17
Price/Sales High	17	10.91	10.17	9.08	12.81	10.79	11.35	8.75	9.21	17.35	9.83	7.51	14.15	9.62	10.1
Price/Sales Low	12.07	5.34	6.79	2.54	4.45	5.11	5.81	4.36	4.85	4.28	4.08	3.35	7.09	5.55	4.81
Price/Cash Flow	2.39	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	2.33	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	2.68	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	1.9	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	2.33	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	2.68	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	1.9	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	14.78	8.45	8.33	7.08	9.35	8.88	7.39	6.69	6.82	7.86	7.38	5.23	8.77	6.81	5.93
EV/Sales High	16.99	10.9	10.15	9.07	12.78	10.75	11.32	8.72	9.18	17.23	9.8	7.45	14.06	9.49	9.86
EV/Sales Low	12.06	5.33	6.77	2.53	4.42	5.07	5.78	4.33	4.82	4.16	4.04	3.3	7	5.43	4.58
EV/EBITDA Average	15.22	8.65	8.54	7.27	10.09	10.54	8.09	7.17	7.31	10.28	7.92	5.69	9.49	7.48	6.91
EV/EBITDA High	17.49	11.16	10.41	9.31	13.8	12.76	12.39	9.35	9.84	22.55	10.52	8.11	15.21	10.42	11.5
EV/EBITDA Low	12.42	5.45	6.94	2.6	4.78	6.02	6.33	4.65	5.17	5.44	4.34	3.59	7.57	5.96	5.34
EV/EBIT Average	15.22	8.65	8.54	7.27	10.09	10.54	8.09	7.17	7.31	10.28	7.92	5.69	9.49	7.48	6.91
EV/EBIT High	17.49	11.16	10.41	9.31	13.8	12.76	12.39	9.35	9.84	22.55	10.52	8.11	15.21	10.42	11.5
EV/EBIT Low	12.42	5.45	6.94	2.6	4.78	6.02	6.33	4.65	5.17	5.44	4.34	3.59	7.57	5.96	5.34
Last Price	22.18	12.83	14.55	5.34	2.46	3.18	5.92	3.61	4.63	2.22	4.69	10.37	7.2	4.78	2.7
High Price	24.85	24.47	17.51	17.24	6.5	3.65	6.15	6.66	6.86	5.11	5.38	10.42	13.7	7.71	5.12
Enterprise Value Average	367	322	244	229	81	51	68	87	86	39	69	123	144	93	51
Enterprise Value High	422	416	297	293	110	62	104	113	116	86	91	176	231	129	85
Enterprise Value Low	300	203	198	82	38	29	53	56	61	21	38	78	115	74	39

Shares Outstanding	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17
Diluted Weighted Avg Shares	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17
Basic Weighted Avg Shares	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17
Revenue per Share	1.46	2.24	1.72	1.9	0.51	0.34	0.54	0.76	0.74	0.29	0.55	1.39	0.97	0.8	0.51
EBITDA per Share	1.42	2.19	1.68	1.85	0.47	0.28	0.5	0.71	0.7	0.22	0.51	1.27	0.9	0.73	0.44
Operating Income per Share	1.42	2.19	1.68	1.85	0.47	0.28	0.5	0.71	0.7	0.22	0.51	1.27	0.9	0.73	0.44
Basic EPS, GAAP	1.42	2.19	1.68	1.85	0.47	0.28	0.5	0.71	0.7	0.22	0.51	1.27	0.9	0.73	0.44
Basic EPS from Cont Ops	1.42	2.19	1.68	1.85	0.47	0.28	0.5	0.71	0.7	0.22	0.51	1.27	0.9	0.73	0.44
Diluted EPS, GAAP	1.42	2.19	1.68	1.85	0.47	0.28	0.5	0.71	0.7	0.22	0.51	1.27	0.9	0.73	0.44
Diluted EPS from Cont Ops	1.42	2.19	1.68	1.85	0.47	0.28	0.5	0.71	0.7	0.22	0.51	1.27	0.9	0.73	0.44
Dividend per Share	1.42	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	9.28	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	9.28	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash & Equivalents per Share	0.02	0.03	0.03	0.02	0.01	0.01	0.02	0.02	0.02	0.04	0.02	0.07	0.08	0.1	0.12
Book Value per Share	7.86	7.2	6.56	5.98	5.5	5.03	4.57	4.12	3.73	1.12	0.94	0.89	0.79	0.7	0.61
Tangible Book Value per Share	7.86	7.2	6.56	5.98	5.5	5.03	4.57	4.12	3.73	1.12	0.94	0.89	0.79	0.7	0.61

VOC Energy Trust

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)