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Emirates Reem Investments Co PJSC (DFM:ERC) EBIT : د.إ22.61 Mil (TTM As of Jun. 2023)


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What is Emirates Reem Investments Co PJSC EBIT?

Emirates Reem Investments Co PJSC's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was د.إ0.73 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was د.إ22.61 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Emirates Reem Investments Co PJSC's annualized ROC % for the quarter that ended in Jun. 2023 was -12.59%. Emirates Reem Investments Co PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 15.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Emirates Reem Investments Co PJSC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 3.68%.


Emirates Reem Investments Co PJSC EBIT Historical Data

The historical data trend for Emirates Reem Investments Co 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.

Emirates Reem Investments Co PJSC EBIT Chart

Emirates Reem Investments Co PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -9.36 -6.57 2.60 27.80 -0.57

Emirates Reem Investments Co PJSC Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.32 18.91 -8.35 0.73 -

Competitive Comparison of Emirates Reem Investments Co PJSC's EBIT

For the Beverages - Non-Alcoholic subindustry, Emirates Reem Investments Co 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.


Emirates Reem Investments Co PJSC's EV-to-EBIT Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Emirates Reem Investments Co PJSC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Emirates Reem Investments Co PJSC's EV-to-EBIT falls into.



Emirates Reem Investments Co 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ22.61 Mil.

* 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.


Emirates Reem Investments Co PJSC  (DFM:ERC) EBIT Explanation

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

Emirates Reem Investments Co PJSC's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

ROC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=-4.628 * ( 1 - 0% )/( (32.044 + 41.486)/ 2 )
=-4.628/36.765
=-12.59 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2023) data.

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

Emirates Reem Investments Co PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2.916/( ( (13.948 + max(4.96, 0)) + (13.705 + max(5.253, 0)) )/ 2 )
=2.916/( ( 18.908 + 18.958 )/ 2 )
=2.916/18.933
=15.40 %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.408 + 7.118 + 0.99000000000001) - (7.674 + 0 + 1.882)
=4.96

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.663 + 9.213 + 1.466) - (10.128 + 0 + 1.961)
=5.253

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Emirates Reem Investments Co PJSC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2023 )
=22.609/613.700
=3.68 %

* 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.


Emirates Reem Investments Co PJSC EBIT Related Terms

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Emirates Reem Investments Co PJSC (DFM:ERC) Business Description

Traded in Other Exchanges
N/A
Address
Al Awir, P.O. Box 5567, Dubai, ARE
Emirates Reem Investments Co PJSC Formerly Emirates Refreshments Co is engaged in bottling and selling mineral water and carbonated soft drinks as well as manufacturing plastic bottles and containers. The company operates in a single business segment that is Bottling, Distribution, and Trading of Mineral Water and Carbonated Soft Drinks. It markets and sells its products under the Jeema brand name.

Emirates Reem Investments Co PJSC (DFM:ERC) Headlines