Ali Alghanim Sons Automotive Co KSC (KUW:ALG) EBIT : KWD38.7 Mil (TTM As of Mar. 2024)

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What is Ali Alghanim Sons Automotive Co KSC EBIT?

Ali Alghanim Sons Automotive Co KSC's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was KWD8.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was KWD38.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ali Alghanim Sons Automotive Co KSC's annualized ROC % for the quarter that ended in Mar. 2024 was 18.81%. Ali Alghanim Sons Automotive Co KSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 31.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ali Alghanim Sons Automotive Co KSC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 13.26%.

Ali Alghanim Sons Automotive Co KSC EBIT Historical Data

The historical data trend for Ali Alghanim Sons Automotive Co KSC'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.

Ali Alghanim Sons Automotive Co KSC EBIT Chart

Ali Alghanim Sons Automotive Co KSC Annual Data

Trend

Dec21

Dec22

Dec23

EBIT

17.57

22.94

37.61

Ali Alghanim Sons Automotive Co KSC Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial							7.32	9.72	10.45	9.99	8.58

Competitive Comparison of Ali Alghanim Sons Automotive Co KSC's EBIT

For the Auto & Truck Dealerships subindustry, Ali Alghanim Sons Automotive Co KSC'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.

Ali Alghanim Sons Automotive Co KSC's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ali Alghanim Sons Automotive Co KSC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ali Alghanim Sons Automotive Co KSC's EV-to-EBIT falls into.

Ali Alghanim Sons Automotive Co KSC 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 KWD38.7 Mil.

Ali Alghanim Sons Automotive Co KSC (KUW:ALG) EBIT Explanation

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

Ali Alghanim Sons Automotive Co KSC'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 )
=	32.212 * ( 1 - 6.45% )	/	( (162.265	+	158.175)	/ 2 )
=	30.134326	/	160.22
=	18.81 %

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	))
=	223.182	-	42.12	-	( 18.797	-	max(0, 79.476	-	99.313	+	18.797	))
=	162.265

	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	))
=	234.416	-	67.508	-	( 18.998	-	max(0, 102.197	-	110.93	+	18.998	))
=	158.175

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

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

Ali Alghanim Sons Automotive Co KSC'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 )
=	34.336	/	( ( (109.949 + max(-0.15699999999999, 0))	+	(110.639 + max(-13.502, 0)) )	/	2 )
=	34.336	/	( ( 109.949	+	110.639 )	/	2 )
=	34.336	/	110.294
=	31.13 %

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)
=	(5.769	+	63.292	+	3.623)	-	(42.12	+	0	+	30.721)
=	-0.15699999999999

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10.548	+	74.175	+	0.60300000000001)	-	(67.508	+	0	+	31.32)
=	-13.502

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:

Ali Alghanim Sons Automotive Co KSC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	38.745	/	292.237
	=	13.26 %

Ali Alghanim Sons Automotive Co KSC EBIT Related Terms

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Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ali Alghanim Sons Automotive Co KSC (KUW:ALG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport Road 55, P.O. Box 21540, Safat, Opposite Kaifan Telecommunication, Shuwaikh, KWT, 13076

Website

https://alg.com.kw

Ali Alghanim Sons Automotive Co KSC is engaged in the automotive business. The Primary Activities of the Company are selling and purchasing cars and spare parts, importing and exporting light and heavy vehicles and cars, renting cars, maintaining light & heavy vehicles and cars, trading auto spare parts, and renting equipment and their maintenance. The Group is divided into four main geographical segments which are the State of Kuwait, Iraq, Egypt and the United Arab Emirates. The majority is derived from Kuwait.