Coast Investment & Development Co (KUW:COAST) EBIT : KWD-0.07 Mil (TTM As of Mar. 2024)

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What is Coast Investment & Development Co EBIT?

Coast Investment & Development Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was KWD0.12 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was KWD-0.07 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Coast Investment & Development Co's annualized ROC % for the quarter that ended in Mar. 2024 was 1.04%. Coast Investment & Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 40.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Coast Investment & Development Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.25%.

Coast Investment & Development Co EBIT Historical Data

The historical data trend for Coast Investment & Development Co'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.

Coast Investment & Development Co EBIT Chart

Coast Investment & Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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0.67

-1.40

2.70

0.27

-0.68

Coast Investment & Development Co 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															-0.49	0.04	-0.13	-0.10	0.12

Competitive Comparison of Coast Investment & Development Co's EBIT

For the Asset Management subindustry, Coast Investment & Development 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.

Coast Investment & Development Co's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Coast Investment & Development Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Coast Investment & Development Co's EV-to-EBIT falls into.

Coast Investment & Development 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD-0.07 Mil.

Coast Investment & Development Co (KUW:COAST) EBIT Explanation

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

Coast Investment & Development Co'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 )
=	0.472 * ( 1 - 0% )	/	( (45.166	+	45.545)	/ 2 )
=	0.472	/	45.3555
=	1.04 %

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	))
=	52.02	-	0.942	-	( 5.912	-	max(0, 0.942	-	7.48	+	5.912	))
=	45.166

	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	))
=	51.902	-	0	-	( 6.357	-	max(0, 1.362	-	7.86	+	6.357	))
=	45.545

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

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

Coast Investment & Development Co'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 )
=	0.472	/	( ( (1.094 + max(-0.89, 0))	+	(1.121 + max(0.141, 0)) )	/	2 )
=	0.472	/	( ( 1.094	+	1.262 )	/	2 )
=	0.472	/	1.178
=	40.07 %

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	+	0.052)	-	(0.942	+	0	+	0)
=	-0.89

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	1.503)	-	(0	+	0	+	1.362)
=	0.141

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:

Coast Investment & Development Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-0.068	/	26.939
	=	-0.25 %

Coast Investment & Development Co EBIT Related Terms

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Coast Investment & Development Co (KUW:COAST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Coast Investment & Development Co (KUW:COAST) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Sharq Area, Shuhada Street, P.O. Box 26755, Coast Building, Al Asima Governate, Kuwait, KWT, 13128

Website

https://www.coast.com.kw

Coast Investment & Development Co is a financial institution. The coast is engaged in a variety of investment management activities such as private equity, asset management, and real estate investments both locally and internationally. It also offers a wide array of investment services including portfolio and fund management, advisory services, corporate finance, and online equity trading services. The company's geographical segment includes Kuwait and GCC; Europe and the USA. It derives the majority of its revenue from Kuwait and GCC.

Coast Investment & Development Co (KUW:COAST) Headlines

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