Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) EBIT : KWD10.1 Mil (TTM As of Mar. 2024)

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What is Heavy Engineering Industries and Shipbuilding Co KSC EBIT?

Heavy Engineering Industries and Shipbuilding Co KSC's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was KWD1.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was KWD10.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Heavy Engineering Industries and Shipbuilding Co KSC's annualized ROC % for the quarter that ended in Mar. 2024 was 5.56%. Heavy Engineering Industries and Shipbuilding Co KSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Heavy Engineering Industries and Shipbuilding Co KSC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.29%.

Heavy Engineering Industries and Shipbuilding Co KSC EBIT Historical Data

The historical data trend for Heavy Engineering Industries and Shipbuilding Co 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.

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Heavy Engineering Industries and Shipbuilding Co KSC EBIT Chart

Heavy Engineering Industries and Shipbuilding Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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13.40

10.82

7.65

7.08

9.28

Heavy Engineering Industries and Shipbuilding Co KSC 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															1.15	2.28	2.18	3.69	1.92

Competitive Comparison of Heavy Engineering Industries and Shipbuilding Co KSC's EBIT

For the Engineering & Construction subindustry, Heavy Engineering Industries and Shipbuilding Co 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.

Heavy Engineering Industries and Shipbuilding Co KSC's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Heavy Engineering Industries and Shipbuilding Co KSC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Heavy Engineering Industries and Shipbuilding Co KSC's EV-to-EBIT falls into.

Heavy Engineering Industries and Shipbuilding Co 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD10.1 Mil.

Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) EBIT Explanation

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

Heavy Engineering Industries and Shipbuilding Co KSC'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 )
=	7.468 * ( 1 - 1.4% )	/	( (143.352	+	121.493)	/ 2 )
=	7.363448	/	132.4225
=	5.56 %

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	))
=	183.844	-	36.016	-	( 4.476	-	max(0, 86.315	-	106.394	+	4.476	))
=	143.352

	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	))
=	193.157	-	64.375	-	( 7.289	-	max(0, 96.557	-	114.017	+	7.289	))
=	121.493

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

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

Heavy Engineering Industries and Shipbuilding Co KSC'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 )
=	7.676	/	( ( (74.3 + max(-13.26, 0))	+	(75.126 + max(-11.386, 0)) )	/	2 )
=	7.676	/	( ( 74.3	+	75.126 )	/	2 )
=	7.676	/	74.713
=	10.27 %

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)
=	(27.987	+	13.743	+	6.056)	-	(36.016	+	0	+	25.03)
=	-13.26

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(30.57	+	15.226	+	7.497)	-	(64.375	+	0	+	0.304)
=	-11.386

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:

Heavy Engineering Industries and Shipbuilding Co KSC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	10.057	/	190.181
	=	5.29 %

Heavy Engineering Industries and Shipbuilding Co KSC EBIT Related Terms

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Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shuwaik Port, Gate No.7, P.O. Box 21998, Safat, Kuwait, KWT, 13080

Website

https://www.heisco.com

Heavy Engineering Industries and Shipbuilding Company is an Engineering, Procurement and Construction Contracting company based in Kuwait with a diversified range of business in Oil and Gas, Refineries, Petrochemicals, Power, Distillation and Desalination, Shipbuilding and Repair, Marine Services, and Construction sectors. It delivers diversified services to the industry with civil, mechanical, electrical and instrumentation constructions, maintenance, fabrication, galvanizing, shipyard services, and onshore & offshore operations.