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Gulf Petroleum Investment Co KSCC (KUW:GPI) EBIT : KWD7.27 Mil (TTM As of Mar. 2024)


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What is Gulf Petroleum Investment Co KSCC EBIT?

Gulf Petroleum Investment Co KSCC's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was KWD9.03 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was KWD7.27 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gulf Petroleum Investment Co KSCC's annualized ROC % for the quarter that ended in Mar. 2024 was -1.61%. Gulf Petroleum Investment Co KSCC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 139.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gulf Petroleum Investment Co KSCC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 50.62%.


Gulf Petroleum Investment Co KSCC EBIT Historical Data

The historical data trend for Gulf Petroleum Investment Co KSCC'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 Petroleum Investment Co KSCC EBIT Chart

Gulf Petroleum Investment Co KSCC Annual Data
Trend Dec11 Dec12 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.31 -2.53 -1.24 -0.17 -2.11

Gulf Petroleum Investment Co KSCC 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 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 -0.29 -2.06 -0.11 0.40 9.03

Competitive Comparison of Gulf Petroleum Investment Co KSCC's EBIT

For the Oil & Gas Refining & Marketing subindustry, Gulf Petroleum Investment Co KSCC'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 Petroleum Investment Co KSCC's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gulf Petroleum Investment Co KSCC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Gulf Petroleum Investment Co KSCC's EV-to-EBIT falls into.



Gulf Petroleum Investment Co KSCC 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 KWD7.27 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 Petroleum Investment Co KSCC  (KUW:GPI) EBIT Explanation

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

Gulf Petroleum Investment Co KSCC'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 )
=-0.576 * ( 1 - 3.48% )/( (34.844 + 34.382)/ 2 )
=-0.5559552/34.613
=-1.61 %

where

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

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

Gulf Petroleum Investment Co KSCC'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 )
=36.128/( ( (23.616 + max(0.752, 0)) + (23.299 + max(4.205, 0)) )/ 2 )
=36.128/( ( 24.368 + 27.504 )/ 2 )
=36.128/25.936
=139.30 %

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)
=(4.016 + 1.616 + 0.135) - (1.1 + 0 + 3.915)
=0.752

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.639 + 1.675 + 0) - (1.109 + 0 + 0)
=4.205

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:

Gulf Petroleum Investment Co KSCC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=7.267/14.357
=50.62 %

* 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 Petroleum Investment Co KSCC EBIT Related Terms

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Gulf Petroleum Investment Co KSCC Business Description

Traded in Other Exchanges
N/A
Address
Al-Qibla, Block 5, Building 4, Floor 16, Office 10, Behbehani Real Estate Company, Kuwait City, KWT, 13086
Gulf Petroleum Investment Co KSCC is a company operating in the oil industry. It mainly focuses on services in the Oil, Gas and Petrochemical sectors with activities including Engineering and consulting for upstream and downstream related projects, Oilfield services drilling and Supply of all equipment.