Tamdeen Real Estate Co KSCC (KUW:TAM) EBIT : KWD31.52 Mil (TTM As of Mar. 2024)

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What is Tamdeen Real Estate Co KSCC EBIT?

Tamdeen Real Estate Co KSCC's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was KWD6.09 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was KWD31.52 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tamdeen Real Estate Co KSCC's annualized ROC % for the quarter that ended in Mar. 2024 was 2.04%. Tamdeen Real Estate Co KSCC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 913.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tamdeen Real Estate Co KSCC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 26.54%.

Tamdeen Real Estate Co KSCC EBIT Historical Data

The historical data trend for Tamdeen Real Estate 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.

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Tamdeen Real Estate Co KSCC EBIT Chart

Tamdeen Real Estate Co KSCC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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23.05

-9.59

21.05

29.11

31.42

Tamdeen Real Estate 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															5.99	13.76	8.85	2.82	6.09

Competitive Comparison of Tamdeen Real Estate Co KSCC's EBIT

For the Real Estate - Diversified subindustry, Tamdeen Real Estate 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.

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

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

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

Tamdeen Real Estate 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 KWD31.52 Mil.

Tamdeen Real Estate Co KSCC (KUW:TAM) EBIT Explanation

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

Tamdeen Real Estate 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 )
=	9.328 * ( 1 - 4.27% )	/	( (440.789	+	435.126)	/ 2 )
=	8.9296944	/	437.9575
=	2.04 %

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	))
=	562.592	-	11.846	-	( 192.958	-	max(0, 99.196	-	209.153	+	192.958	))
=	440.789

	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	))
=	583.15	-	10.455	-	( 210.094	-	max(0, 90.496	-	228.065	+	210.094	))
=	435.126

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

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

Tamdeen Real Estate 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 )
=	24.348	/	( ( (0 + max(2.948, 0))	+	(0 + max(2.384, 0)) )	/	2 )
=	24.348	/	( ( 2.948	+	2.384 )	/	2 )
=	24.348	/	2.666
=	913.28 %

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)
=	(5.482	+	10.713	+	0)	-	(11.846	+	0	+	1.401)
=	2.948

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.464	+	9.378	+	1.835)	-	(10.455	+	0	+	1.838)
=	2.384

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	31.519	/	118.744
	=	26.54 %

Tamdeen Real Estate Co KSCC EBIT Related Terms

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Tamdeen Real Estate Co KSCC (KUW:TAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tamdeen Real Estate Co KSCC (KUW:TAM) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mall - Sixth Ring Road, South Surra, 360 Complex, P.O. Box 21816, 4th Floor, Block 7, Al-Zahraa District, Safat, Kuwait, KWT, 13079

Website

https://www.tamdeenre.com

Tamdeen Real Estate Co KSCC operates as a real estate investment and development company. The business activity of the company includes the development of real estate projects and construction contracts of buildings, managing the properties of others. In addition, the group is also involved in providing consultation services on asset utilization for individual clients, as well as consultation and advisory services on merger and acquisition, and business succession for corporate clients; investment and portfolio management services; and research and analysis services. The company operates in two reportable segments that are the real estate and investment. It generates maximum revenue from Investment segment.

Tamdeen Real Estate Co KSCC (KUW:TAM) Headlines

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