Noor Financial Investment Co (KUW:NOOR) EBIT : KWD36.82 Mil (TTM As of Mar. 2024)

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What is Noor Financial Investment Co EBIT?

Noor Financial Investment Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was KWD10.43 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was KWD36.82 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Noor Financial Investment Co's annualized ROC % for the quarter that ended in Mar. 2024 was 3.14%. Noor Financial Investment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 400.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Noor Financial Investment Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 35.15%.

Noor Financial Investment Co EBIT Historical Data

The historical data trend for Noor Financial Investment 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.

Noor Financial Investment Co EBIT Chart

Noor Financial Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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10.98

13.52

18.98

21.52

39.29

Noor Financial Investment 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															12.91	7.12	9.81	9.46	10.43

Competitive Comparison of Noor Financial Investment Co's EBIT

For the Capital Markets subindustry, Noor Financial Investment 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.

Noor Financial Investment Co's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Noor Financial Investment Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Noor Financial Investment Co's EV-to-EBIT falls into.

Noor Financial Investment 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 KWD36.82 Mil.

Noor Financial Investment Co (KUW:NOOR) EBIT Explanation

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

Noor Financial Investment 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 )
=	3.568 * ( 1 - 1.93% )	/	( (98.444	+	124.468)	/ 2 )
=	3.4991376	/	111.456
=	3.14 %

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	))
=	145.431	-	7.04	-	( 41.911	-	max(0, 13.969	-	53.916	+	41.911	))
=	98.444

	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	))
=	157.369	-	0	-	( 32.901	-	max(0, 0.5	-	49.996	+	32.901	))
=	124.468

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

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

Noor Financial Investment 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 )
=	41.736	/	( ( (2.087 + max(-1.637, 0))	+	(2.005 + max(16.754, 0)) )	/	2 )
=	41.736	/	( ( 2.087	+	18.759 )	/	2 )
=	41.736	/	10.423
=	400.42 %

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)
=	(1.995	+	0.624	+	9.092)	-	(7.04	+	0	+	6.308)
=	-1.637

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.61	+	0.908	+	8.236)	-	(0	+	0	+	0)
=	16.754

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:

Noor Financial Investment Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	36.816	/	104.729
	=	35.15 %

Noor Financial Investment Co EBIT Related Terms

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Noor Financial Investment Co (KUW:NOOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Noor Financial Investment Co (KUW:NOOR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Intersection of Jahra Street & Airport Road, PO Box 3311, Safat, Noor Building, Shuwaikh, Kuwait, KWT, 13034

Website

https://www.noorinvestment.com

Noor Financial Investment Co is engaged in investment activities and financial services primarily in Kuwait, the Middle East, Asia, and other emerging markets. It has a diverse portfolio of Direct Capital Market Investments, Real Estate and Alternative Investments. The company manages a proprietary listed equity portfolio comprising local, GCC and international equities. The Marketable Securities Unit continues to deploy funds in GCC and International equity markets achieving strong returns. The company operates in four segment i.e investment, Real Estate, IT services, and Hotel business.

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