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Kenya Reinsurance (NAI:KNRE) EBIT : KES0 Mil (TTM As of Jun. 2024)


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What is Kenya Reinsurance EBIT?

Kenya Reinsurance's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was KES0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was KES0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kenya Reinsurance's annualized ROC % for the quarter that ended in Jun. 2024 was 0.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kenya Reinsurance's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 0.00%.


Kenya Reinsurance EBIT Historical Data

The historical data trend for Kenya Reinsurance'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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Kenya Reinsurance EBIT Chart

Kenya Reinsurance Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
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Kenya Reinsurance Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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Competitive Comparison of Kenya Reinsurance's EBIT

For the Insurance - Reinsurance subindustry, Kenya Reinsurance'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.


Kenya Reinsurance's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Kenya Reinsurance's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Kenya Reinsurance's EV-to-EBIT falls into.



Kenya Reinsurance 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was KES0 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.


Kenya Reinsurance  (NAI:KNRE) EBIT Explanation

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

Kenya Reinsurance's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=0 * ( 1 - 30% )/( (46796.99855 + 51506.1183)/ 2 )
=0/49151.558425
=0.00 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=65978.015 - 1738.767 - ( 18086.488 - 5% * 12884.771 )
=46796.99855

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=65677.56 - 1765.609 - ( 13004.741 - 5% * 11978.166 )
=51506.1183

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) data.

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

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

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

Kenya Reinsurance's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=0/-2350.001
=0.00 %

* 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.


Kenya Reinsurance EBIT Related Terms

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Kenya Reinsurance Business Description

Traded in Other Exchanges
N/A
Address
Taifa Road, P.O. Box 30721, 15th Floor, Reinsurance Plaza, Nairobi, KEN, 00100
Kenya Reinsurance Corp operates in the insurance sector. Along with its subsidiaries, the firm provides underwriting of all classes of reinsurance business and investment activities. It operates in two segments: e long-term business and short-term business. Its short-term business segment comprises motor, marine, aviation, fire, and accident insurance, and its long-term business segment includes individual and group life insurance.

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