SODEP -Marsa Maroc (CAS:MSA) EBIT : MAD1,662 Mil (TTM As of Jun. 2024)

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What is SODEP -Marsa Maroc EBIT?

SODEP -Marsa Maroc's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was MAD1,074 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was MAD1,662 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SODEP -Marsa Maroc's annualized ROC % for the quarter that ended in Jun. 2024 was 26.67%. SODEP -Marsa Maroc's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 70.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SODEP -Marsa Maroc's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 3.09%.

SODEP -Marsa Maroc EBIT Historical Data

The historical data trend for SODEP -Marsa Maroc'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.

SODEP -Marsa Maroc EBIT Chart

SODEP -Marsa Maroc Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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956.20

758.74

1,093.06

1,317.41

1,356.02

SODEP -Marsa Maroc Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial												688.95	628.46	768.51	587.51	1,074.01

Competitive Comparison of SODEP -Marsa Maroc's EBIT

For the Marine Shipping subindustry, SODEP -Marsa Maroc'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.

SODEP -Marsa Maroc's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, SODEP -Marsa Maroc's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where SODEP -Marsa Maroc's EV-to-EBIT falls into.

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SODEP -Marsa Maroc 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was MAD1,662 Mil.

SODEP -Marsa Maroc (CAS:MSA) EBIT Explanation

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

SODEP -Marsa Maroc's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	2148.016 * ( 1 - 26.68% )	/	( (5414.702	+	6396.923)	/ 2 )
=	1574.9253312	/	5905.8125
=	26.67 %

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	))
=	7890.78	-	468.549	-	( 2007.529	-	max(0, 1036.961	-	3072.457	+	2007.529	))
=	5414.702

	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	))
=	8749.778	-	334.985	-	( 2626.261	-	max(0, 1954.459	-	3972.329	+	2626.261	))
=	6396.923

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

SODEP -Marsa Maroc's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2148.016	/	( ( (3087.378 + max(-308.646, 0))	+	(3027.421 + max(-1097.589, 0)) )	/	2 )
=	2148.016	/	( ( 3087.378	+	3027.421 )	/	2 )
=	2148.016	/	3057.3995
=	70.26 %

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)
=	(599.157	+	129.158	+	0)	-	(468.549	+	0	+	568.412)
=	-308.646

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(723.982	+	132.888	+	4.5474735088646E-13)	-	(334.985	+	0	+	1619.474)
=	-1097.589

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

SODEP -Marsa Maroc's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	1661.516	/	53734.934
	=	3.09 %

SODEP -Marsa Maroc EBIT Related Terms

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SODEP -Marsa Maroc Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SODEP -Marsa Maroc SA (CAS:MSA) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

175, Boulevard Zerktouni, Casablanca, MAR, 20100

Website

https://www.marsamaroc.co.ma

SODEP -Marsa Maroc SA is engaged in the management of port terminals. The company offers its customers, importers and exporters, ship owners and shipping agents, freight forwarders, and logistics companies, a wide range of port logistics services. The services offered fall into two categories: services to ships such as piloting, towing, mooring and refueling; and services to goods which includes basic services like handling on board ships and on the dockside, storing, pointing, weighing, stuffing and unstuffing of containers and other related services. The company's segment consists of container, solid bulk, conventional, liquid bulk, Ro-Ro, passengers.