Dubai Financial Market PJSC (DFM:DFM) EBIT : د.إ390.2 Mil (TTM As of Mar. 2024)

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What is Dubai Financial Market PJSC EBIT?

Dubai Financial Market PJSC's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was د.إ95.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was د.إ390.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dubai Financial Market PJSC's annualized ROC % for the quarter that ended in Mar. 2024 was 5.43%. Dubai Financial Market PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 116.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Dubai Financial Market PJSC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.78%.

Dubai Financial Market PJSC EBIT Historical Data

The historical data trend for Dubai Financial Market PJSC'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.

Dubai Financial Market PJSC EBIT Chart

Dubai Financial Market PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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125.59

146.05

102.05

144.93

329.70

Dubai Financial Market PJSC 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															35.36	76.86	74.19	143.28	95.91

Competitive Comparison of Dubai Financial Market PJSC's EBIT

For the Financial Data & Stock Exchanges subindustry, Dubai Financial Market PJSC'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.

Dubai Financial Market PJSC's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Dubai Financial Market PJSC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Dubai Financial Market PJSC's EV-to-EBIT falls into.

Dubai Financial Market PJSC 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 د.إ390.2 Mil.

Dubai Financial Market PJSC (DFM:DFM) EBIT Explanation

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

Dubai Financial Market PJSC'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 )
=	380.068 * ( 1 - 6.24% )	/	( (6540.163	+	6594.897)	/ 2 )
=	356.3517568	/	6567.53
=	5.43 %

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	))
=	9836.819	-	1556.161	-	( 3135.045	-	max(0, 1620.974	-	3361.469	+	3135.045	))
=	6540.163

	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	))
=	10556.347	-	2397.142	-	( 3781.739	-	max(0, 2494.434	-	4058.742	+	3781.739	))
=	6594.897

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

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

Dubai Financial Market PJSC'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 )
=	383.628	/	( ( (322.498 + max(-1445.811, 0))	+	(337.712 + max(-2453.928, 0)) )	/	2 )
=	383.628	/	( ( 322.498	+	337.712 )	/	2 )
=	383.628	/	330.105
=	116.21 %

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)
=	(132.301	+	0	+	8.5479999999998)	-	(1556.161	+	0	+	30.499)
=	-1445.811

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(2397.142	+	0	+	56.786000000001)
=	-2453.928

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:

Dubai Financial Market PJSC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	390.245	/	6747.809
	=	5.78 %

Dubai Financial Market PJSC EBIT Related Terms

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Dubai Financial Market PJSC (DFM:DFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Dubai Financial Market PJSC (DFM:DFM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sheikh Zayed Road, P.O. Box 9700, Reception - Mezzanine Floor, Dubai World Trade Center Building, Dubai, ARE

Website

https://www.dfm.ae

Dubai Financial Market PJSC (DFM) operates as a regulated secondary market for the trading of securities issued by public shareholding companies, bonds issued by federal or local governments, local public institutions, and mutual funds as well as other local or foreign financial instruments. The company operates according to the principles of Sharia law. Revenue is derived from trading, investment, administration, and DFM's subsidiaries. Trading constitutes a majority of revenue.

Dubai Financial Market PJSC (DFM:DFM) Headlines

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