Kuwait Real Estate Co (KUW:KRE) EBIT : KWD28.10 Mil (TTM As of Sep. 2024)

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What is Kuwait Real Estate Co EBIT?

Kuwait Real Estate Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was KWD5.18 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was KWD28.10 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kuwait Real Estate Co's annualized ROC % for the quarter that ended in Sep. 2024 was 7.08%. Kuwait Real Estate Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 102.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kuwait Real Estate Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 5.85%.

Kuwait Real Estate Co EBIT Historical Data

The historical data trend for Kuwait Real Estate 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.

Kuwait Real Estate Co EBIT Chart

Kuwait Real Estate Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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15.66

10.23

12.89

16.11

23.88

Kuwait Real Estate Co 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															5.70	4.90	9.50	8.53	5.18

Competitive Comparison of Kuwait Real Estate Co's EBIT

For the Real Estate Services subindustry, Kuwait Real Estate 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.

Kuwait Real Estate Co's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Kuwait Real Estate Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Kuwait Real Estate Co's EV-to-EBIT falls into.

Kuwait Real Estate 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD28.10 Mil.

Kuwait Real Estate Co (KUW:KRE) EBIT Explanation

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

Kuwait Real Estate Co's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	24.324 * ( 1 - 5.64% )	/	( (319.728	+	328.672)	/ 2 )
=	22.9521264	/	324.2
=	7.08 %

where

	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	))
=	418.138	-	31.463	-	( 66.947	-	max(0, 56.937	-	132.9	+	66.947	))
=	319.728

	Invested Capital		(Q: Sep. 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	))
=	434.083	-	26.78	-	( 78.631	-	max(0, 52.849	-	142.186	+	78.631	))
=	328.672

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

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

Kuwait Real Estate Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	20.712	/	( ( (4.006 + max(13.573, 0))	+	(5.713 + max(16.969, 0)) )	/	2 )
=	20.712	/	( ( 17.579	+	22.682 )	/	2 )
=	20.712	/	20.1305
=	102.89 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8.245	+	28.72	+	8.071)	-	(31.463	+	0	+	0)
=	13.573

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(9.041	+	28.72	+	5.987)	-	(26.78	+	0	+	-0.0010000000000048)
=	16.969

When net working capital is negative, 0 is used.

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

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

Kuwait Real Estate Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	28.098	/	480.439
	=	5.85 %

Kuwait Real Estate Co EBIT Related Terms

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Kuwait Real Estate Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kuwait Real Estate Co (KUW:KRE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

Darwazat Abdul Razak Street, P.O Box 1257, 8th Floor, Block B, Souk Al Kuwait Building, Safat, Kuwait City, KWT, 13013

Website

https://www.aqarat.com.kw

Kuwait Real Estate Co is a Kuwait-based shareholding company that operates in the real estate sector. It is engaged in dealing with a range of real estate activities, including the sale, purchase, renting out, and leasing of lands and real estate properties, erecting buildings, prepare and implementing studies of private and public real estate projects. It has three operating segments: real estate, investment and services. The real estate segment contributes to the majority of the revenue. Its geographical segments are Kuwait; Other Middle Eastern Countries; the United States, Europe, and other countries.