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Gulf Insurance Group KSC (KUW:GINS) EBIT : KWD51 Mil (TTM As of Sep. 2024)


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What is Gulf Insurance Group KSC EBIT?

Gulf Insurance Group KSC's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was KWD10 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was KWD51 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gulf Insurance Group KSC's annualized ROC % for the quarter that ended in Sep. 2024 was 3.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gulf Insurance Group KSC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 17.18%.


Gulf Insurance Group KSC EBIT Historical Data

The historical data trend for Gulf Insurance Group KSC'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.

Gulf Insurance Group KSC EBIT Chart

Gulf Insurance Group KSC 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 22.67 26.82 86.19 47.70 55.14

Gulf Insurance Group KSC 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 0.30 13.55 13.60 13.74 10.25

Competitive Comparison of Gulf Insurance Group KSC's EBIT

For the Insurance - Diversified subindustry, Gulf Insurance Group KSC'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.


Gulf Insurance Group KSC's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Gulf Insurance Group KSC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Gulf Insurance Group KSC's EV-to-EBIT falls into.



Gulf Insurance Group KSC 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 KWD51 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.


Gulf Insurance Group KSC  (KUW:GINS) EBIT Explanation

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

Gulf Insurance Group KSC's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=41.016 * ( 1 - 21.4% )/( (1065.4757 + 1053.46915)/ 2 )
=32.238576/1059.472425
=3.04 %

where

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=1247.541 - 12.288 - ( 181.279 - 5% * 230.034 )
=1065.4757

Invested Capital(Q: Sep. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=1202.361 - 12.034 - ( 147.137 - 5% * 205.583 )
=1053.46915

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

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

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

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

Gulf Insurance Group KSC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=51.147/297.666
=17.18 %

* 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.


Gulf Insurance Group KSC EBIT Related Terms

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Gulf Insurance Group KSC Business Description

Traded in Other Exchanges
N/A
Address
Khaled Ibn Al Waleed Street, Sharq, P.O.Box 1040, Safat, KIPCO Tower, 40th Floor, Office No. 1 and 2, Kuwait City, KWT, 13011
Gulf Insurance Group KSC is an insurance company offering solutions and covering a range of risks related to Motor, Marine & Aviation, Property & Casualty, and Life & Health Insurance both in conventional and Takaful (Islamic insurance based on Shariah principles) basis. Gulf Insurance operates its business in two segments namely General risk insurance and Life and medical insurance offering general insurance including marine and aviation, motor vehicles, property, engineering and general accidents; and savings, protection products, and other long-term contracts respectively.

Gulf Insurance Group KSC Headlines

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