Jordanian Mutual Funds Management Co (AMM:FUND) EBIT: JOD-0.02 Mil (TTM As of Dec. 2023)

What is Jordanian Mutual Funds Management Co EBIT?

Jordanian Mutual Funds Management Co AMM:FUND 21 EBIT is JOD-0.02 Mil as of Dec. 2023. GuruFocus rates AMM:FUND with a GF Score™ of 21/100.

Jordanian Mutual Funds Management Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was JOD0.01 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was JOD-0.02 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jordanian Mutual Funds Management Co's annualized ROC % for the quarter that ended in Dec. 2023 was 0.76%. Jordanian Mutual Funds Management Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jordanian Mutual Funds Management Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -9.44%.

Jordanian Mutual Funds Management Co (AMM:FUND) EBIT Explanation

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

Jordanian Mutual Funds Management Co's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	0.036 * ( 1 - 0% )	/	( (5.035	+	4.458)	/ 2 )
=	0.036	/	4.7465
=	0.76 %

where

	Invested Capital		(Q: Sep. 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	))
=	4.756	-	0.788	-	( 0.051	-	max(0, 1.119	-	0.052	+	0.051	))
=	5.035

	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	))
=	4.188	-	0.788	-	( 0.06	-	max(0, 1.119	-	0.061	+	0.06	))
=	4.458

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

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

Jordanian Mutual Funds Management Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.036	/	( ( (0 + max(-1.118, 0))	+	(0 + max(-1.118, 0)) )	/	2 )
=	0.036	/	( ( 0	+	0 )	/	2 )
=	0.036	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.001)	-	(0.788	+	0	+	0.331)
=	-1.118

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.001)	-	(0.788	+	0	+	0.331)
=	-1.118

When net working capital is negative, 0 is used.

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

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

Jordanian Mutual Funds Management Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-0.017	/	0.180
	=	-9.44 %

* 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.

Jordanian Mutual Funds Management Co EBIT Related Terms

Jordanian Mutual Funds Management Co EBIT Historical Data

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The historical data trend for Jordanian Mutual Funds Management Co's EBIT can be seen below:

Jordanian Mutual Funds Management Co EBIT Chart

Jordanian Mutual Funds Management Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-0.08

-0.24

-0.44

-0.02

Jordanian Mutual Funds Management Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-0.02	-0.02	-0.01	-0.00	0.01

AMM:FUND vs BLK, BX, BK: EBIT Comparison

For the Asset Management subindustry, Jordanian Mutual Funds Management Co'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.

Jordanian Mutual Funds Management Co EV-to-EBIT vs Asset Management Industry

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

* The bar in red indicates where Jordanian Mutual Funds Management Co's EV-to-EBIT falls into.

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21GF Score

Jordanian Mutual Funds Management Co AMM:FUND

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Jordanian Mutual Funds Management Co 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was JOD-0.02 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of JOD-0.02 Mil mean?

Jordanian Mutual Funds Management Co (AMM:FUND) has a EBIT of JOD-0.02 Mil as of Dec. 2023. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Jordanian Mutual Funds Management Co.

Is Jordanian Mutual Funds Management Co's EBIT too high?

Jordanian Mutual Funds Management Co's current EBIT is JOD-0.02 Mil. Overall, Jordanian Mutual Funds Management Co has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.

How does Jordanian Mutual Funds Management Co's EBIT compare to BLK and BX?

Jordanian Mutual Funds Management Co's EBIT of JOD-0.02 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for an Asset Management company?

A good EBIT depends on the Asset Management industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Jordanian Mutual Funds Management Co. Jordanian Mutual Funds Management Co's current EBIT is JOD-0.02 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Jordanian Mutual Funds Management Co stock overvalued right now?

Jordanian Mutual Funds Management Co (AMM:FUND) has a current EBIT of JOD-0.02 Mil. The current EBIT is JOD-0.02 Mil. Jordanian Mutual Funds Management Co's overall GF Score™ is 21/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Jordanian Mutual Funds Management Co (AMM:FUND), the current EBIT is JOD-0.02 Mil as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Jordanian Mutual Funds Management Co Business Description

Industry Financial Services Asset Management

Comparable Companies KUW:WETHAQ KUW:SHIP KUW:SPEC KUW:GIH KUW:MIDAN KUW:PAPER KUW:AREEC KUW:NICBM KUW:ALMANAR KUW:AQAR BLK BX TSX:BAM.A OSTO:INVE A BK APO KKR AMP TROW XSWX:PGHN

Address Airport Road, Madaba Bridge, P.O Box 921513, Rum Group for Transportation, Tourism Investment, Amman, JOR, 11192

Jordanian Mutual Funds Management Co is a Jordan based fund management company. The company is engaged in establishing mutual funds, purchase and sales of shares and stocks for business purpose and managing investment funds except for financial brokerage.

21GF Score

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JOD0.04

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