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Palms Agro Production Co (KUW:PAPCO) EBIT : KWD0.24 Mil (TTM As of Sep. 2024)


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What is Palms Agro Production Co EBIT?

Palms Agro Production Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was KWD0.13 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was KWD0.24 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Palms Agro Production Co's annualized ROC % for the quarter that ended in Sep. 2024 was 8.40%. Palms Agro Production Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 19.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Palms Agro Production Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 2.20%.


Palms Agro Production Co EBIT Historical Data

The historical data trend for Palms Agro Production 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.

Palms Agro Production Co EBIT Chart

Palms Agro Production Co Annual Data
Trend Dec12 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.01 -0.26 -1.26 0.30 0.21

Palms Agro Production 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 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 0.07 0.05 0.02 0.04 0.13

Competitive Comparison of Palms Agro Production Co's EBIT

For the Farm Products subindustry, Palms Agro Production 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.


Palms Agro Production Co's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Palms Agro Production Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Palms Agro Production Co's EV-to-EBIT falls into.


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Palms Agro Production 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 KWD0.24 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.


Palms Agro Production Co  (KUW:PAPCO) EBIT Explanation

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

Palms Agro Production 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 )
=0.408 * ( 1 - 4.69% )/( (4.467 + 4.797)/ 2 )
=0.3888648/4.632
=8.40 %

where

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

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

Palms Agro Production 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 )
=0.52/( ( (1.804 + max(1.848, 0)) + (1.762 + max(-0.228, 0)) )/ 2 )
=0.52/( ( 3.652 + 1.762 )/ 2 )
=0.52/2.707
=19.21 %

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)
=(1.249 + 1.338 + 0.092000000000001) - (0.637 + 0 + 0.194)
=1.848

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.093 + 1.367 + 0.104) - (2.603 + 0 + 0.189)
=-0.228

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:

Palms Agro Production Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=0.24/10.896
=2.20 %

* 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.


Palms Agro Production Co EBIT Related Terms

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Palms Agro Production Co Business Description

Traded in Other Exchanges
N/A
Address
Al Rai- Fourth Ring Road, P.O Box: 1976, Block 56, Safat, Kuwait, KWT, 13020
Palms Agro Production Co is engaged in the business of import and export of agricultural supplies, management of nurseries and farms and reclamation and developing of agricultural land among other businesses. It operates in Commercial, Projects, and Investment segments. The Commercial segment includes the production and sale of nurseries and ornamental plants. The Project segment provides gardening and maintenance services. The investment in an associate, term deposits and equity securities. Majority of the revenue comes from Commercial segment.

Palms Agro Production Co Headlines

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