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RAK Properties PJSC (ADX:RAKPROP) EBIT : د.إ321 Mil (TTM As of Sep. 2024)


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What is RAK Properties PJSC EBIT?

RAK Properties PJSC's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was د.إ58 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was د.إ321 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. RAK Properties PJSC's annualized ROC % for the quarter that ended in Sep. 2024 was 2.75%. RAK Properties PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 10.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. RAK Properties PJSC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 7.60%.


RAK Properties PJSC EBIT Historical Data

The historical data trend for RAK Properties 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.

RAK Properties PJSC EBIT Chart

RAK Properties 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 109.39 131.17 213.34 69.61 266.50

RAK Properties PJSC Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 31.26 118.83 68.72 75.57 57.91

Competitive Comparison of RAK Properties PJSC's EBIT

For the Real Estate - Development subindustry, RAK Properties 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.


RAK Properties PJSC's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, RAK Properties PJSC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where RAK Properties PJSC's EV-to-EBIT falls into.



RAK Properties 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ321 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.


RAK Properties PJSC  (ADX:RAKPROP) EBIT Explanation

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

RAK Properties PJSC's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=212.056 * ( 1 - 8.89% )/( (7173.54 + 6894.505)/ 2 )
=193.2042216/7034.0225
=2.75 %

where

Invested Capital(Q: Jun. 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))
=7786.531 - 421.698 - ( 455.598 - max(0, 983.451 - 1174.744+455.598))
=7173.54

Invested Capital(Q: Sep. 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))
=7743.982 - 412.633 - ( 436.844 - max(0, 970.772 - 1408.867+436.844))
=6894.505

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

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

RAK Properties PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=231.624/( ( (1837.629 + max(297.448, 0)) + (1826.419 + max(559.39, 0)) )/ 2 )
=231.624/( ( 2135.077 + 2385.809 )/ 2 )
=231.624/2260.443
=10.25 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(626.374 + 87.043 + 5.7289999999998) - (421.698 + 0 + 0)
=297.448

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(853.495 + 112.799 + 5.729) - (412.633 + 0 + 1.1368683772162E-13)
=559.39

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

RAK Properties PJSC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=321.03/4221.541
=7.60 %

* 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.


RAK Properties PJSC EBIT Related Terms

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RAK Properties PJSC Business Description

Traded in Other Exchanges
N/A
Address
Julphar Towers, P.O. Box 31113, Floor No 41, Ras Al-Khaimah, ARE
RAK Properties PJSC is a property development and tourism infrastructure firm in the United Arab Emirates. ?The principal activities of the Group are an investment in and development of properties, property management, hotel operations, marine management, and related services.

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