First Finance Co (AMM:FFCO) EBIT : JOD2.04 Mil (TTM As of Mar. 2024)

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What is First Finance Co EBIT?

First Finance Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was JOD0.23 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was JOD2.04 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. First Finance Co's annualized ROC % for the quarter that ended in Mar. 2024 was 1.47%. First Finance Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 11.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. First Finance Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 15.60%.

First Finance Co EBIT Historical Data

The historical data trend for First Finance Co'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.

First Finance Co EBIT Chart

First Finance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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2.08

0.70

1.51

1.33

0.98

First Finance Co 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															0.30	0.10	-0.11	1.82	0.23

Competitive Comparison of First Finance Co's EBIT

For the Credit Services subindustry, First Finance Co'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.

First Finance Co's EV-to-EBIT Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, First Finance Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where First Finance Co's EV-to-EBIT falls into.

First Finance Co 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 JOD2.04 Mil.

First Finance Co (AMM:FFCO) EBIT Explanation

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

First Finance Co'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 )
=	0.936 * ( 1 - 29.75% )	/	( (44.82	+	44.741)	/ 2 )
=	0.65754	/	44.7805
=	1.47 %

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	))
=	51.516	-	2.379	-	( 4.317	-	max(0, 2.44	-	34.232	+	4.317	))
=	44.82

	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	))
=	50.894	-	1.853	-	( 4.3	-	max(0, 1.898	-	38.877	+	4.3	))
=	44.741

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

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

First Finance Co'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 )
=	0.936	/	( ( (0.688 + max(15.168, 0))	+	(0.666 + max(-1.898, 0)) )	/	2 )
=	0.936	/	( ( 15.856	+	0.666 )	/	2 )
=	0.936	/	8.261
=	11.33 %

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)
=	(17.548	+	0	+	0)	-	(2.379	+	0	+	0.00099999999999989)
=	15.168

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	7.105427357601E-15)	-	(1.853	+	0	+	0.045)
=	-1.898

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:

First Finance Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	2.042	/	13.088
	=	15.60 %

First Finance Co EBIT Related Terms

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First Finance Co (AMM:FFCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » First Finance Co (AMM:FFCO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Abdullah II street, Building no. 172, Khalda, P.O. Box 144596, Amman, JOR, 11814

Website

http://www.ffc.jo

First Finance Co finances in various forms including direct financing of consumer goods and durables; real estate financing; finance small and medium projects; financing of stock and working capital. It offers automobile and vehicle finance for new and used cars, motorcycles, and boats and marine equipment; and real estate finance for building houses, construction materials, finishing works, maintenance and installation works, decoration works, and swimming pool construction. The company also invests in financial instruments.

First Finance Co (AMM:FFCO) Headlines

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