National Investments Co KSC (KUW:NINV) EBIT : KWD10.26 Mil (TTM As of Mar. 2024)

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What is National Investments Co KSC EBIT?

National Investments Co KSC's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was KWD5.23 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was KWD10.26 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. National Investments Co KSC's annualized ROC % for the quarter that ended in Mar. 2024 was 11.68%. National Investments Co KSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. National Investments Co KSC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.03%.

National Investments Co KSC EBIT Historical Data

The historical data trend for National Investments 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.

National Investments Co KSC EBIT Chart

National Investments Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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12.19

-1.72

29.31

10.77

6.35

National Investments Co KSC 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															1.31	3.74	-1.21	2.51	5.23

Competitive Comparison of National Investments Co KSC's EBIT

For the Asset Management subindustry, National Investments 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.

National Investments Co KSC's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, National Investments Co KSC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where National Investments Co KSC's EV-to-EBIT falls into.

National Investments 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 KWD10.26 Mil.

National Investments Co KSC (KUW:NINV) EBIT Explanation

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

National Investments 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 )
=	22.848 * ( 1 - 3.46% )	/	( (188.961	+	188.595)	/ 2 )
=	22.0574592	/	188.778
=	11.68 %

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	))
=	249.301	-	7.039	-	( 72.434	-	max(0, 23.702	-	77.003	+	72.434	))
=	188.961

	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	))
=	277.657	-	11.289	-	( 99.068	-	max(0, 21.452	-	99.225	+	99.068	))
=	188.595

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

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

National Investments 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 )
=	20.916	/	( ( (0 + max(-2.695, 0))	+	(0 + max(-11.289, 0)) )	/	2 )
=	20.916	/	( ( 0	+	0 )	/	2 )
=	20.916	/	0
=	%

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)
=	(0	+	0	+	4.344)	-	(7.039	+	0	+	3.5527136788005E-15)
=	-2.695

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(11.289	+	0	+	3.5527136788005E-15)
=	-11.289

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:

National Investments Co KSC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	10.26	/	170.249
	=	6.03 %

National Investments Co KSC EBIT Related Terms

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National Investments Co KSC (KUW:NINV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » National Investments Co KSC (KUW:NINV) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jaber Al Mubarak street, Khaleejia Complex, 19th Floor, P.O Box 25667, Sharq, Safat, Kuwait, KWT, 13117

Website

https://www.nic.com.kw

National Investments Co KSC is an investment company providing financial and investment services. It operates in four business segments: Investment segment represents trading in equities including investment in associates and other strategic investments; the Treasury segment represents liquidity management and trading in foreign currencies; Real estate segment represents buying, selling, and investing in real estate; Asset management, advisory, and brokerage segment represent managing discretionary and non-discretionary investment portfolios, managing investment funds, brokerage services, and providing advisory and other related financial services. The company generates the majority of its revenue from Kuwait and GCC countries.

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