Musharaka REIT (SAU:4335) EBIT : ﷼32.73 Mil (TTM As of Jun. 2024)

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What is Musharaka REIT EBIT?

Musharaka REIT's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was ﷼14.23 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was ﷼32.73 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Musharaka REIT's annualized ROC % for the quarter that ended in Jun. 2024 was 1.71%. Musharaka REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 932.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Musharaka REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 2.87%.

Musharaka REIT EBIT Historical Data

The historical data trend for Musharaka REIT'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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Musharaka REIT EBIT Chart

Musharaka REIT Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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59.49

52.21

47.15

38.59

44.57

Musharaka REIT Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial									23.69	14.90	26.07	18.50	14.23

Competitive Comparison of Musharaka REIT's EBIT

For the REIT - Diversified subindustry, Musharaka REIT'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.

Musharaka REIT's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Musharaka REIT's EV-to-EBIT distribution charts can be found below:

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

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Musharaka REIT 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 ﷼32.73 Mil.

Musharaka REIT (SAU:4335) EBIT Explanation

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

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

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	28.05 * ( 1 - 0% )	/	( (1715.747	+	1559.96)	/ 2 )
=	28.05	/	1637.8535
=	1.71 %

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	))
=	1633.949	-	0	-	( 53.652	-	max(0, 176.968	-	95.17	+	53.652	))
=	1715.747

	Invested Capital		(Q: Jun. 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	))
=	1605.994	-	16.677	-	( 40.596	-	max(0, 63.934	-	93.291	+	40.596	))
=	1559.96

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

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

Musharaka REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	28.464	/	( ( (0 + max(4.075, 0))	+	(0 + max(2.03, 0)) )	/	2 )
=	28.464	/	( ( 4.075	+	2.03 )	/	2 )
=	28.464	/	3.0525
=	932.48 %

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)
=	(45.932	+	0	+	2.522)	-	(0	+	0	+	44.379)
=	4.075

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(54.074	+	0	+	2.931)	-	(16.677	+	0	+	38.298)
=	2.03

When net working capital is negative, 0 is used.

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

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

Musharaka REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	32.733	/	1141.499
	=	2.87 %

Musharaka REIT EBIT Related Terms

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Musharaka REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Musharaka REIT (SAU:4335) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Turky Bin Abdulaziz Road, Adeer Tower, 13th floor, PO. Box 712, AlKhobar, SAU, 31952

Website

https://www.musharakacapital.com

Musharaka REIT is a closed-end real estate investment fund. Its investment objective is to invest in developing properties that are qualified to generate periodic rental income, while its dividend policy is to distribute at least 90% of the Fund's net profit as cash dividends to the unit holders annually. Its product and services include Asset Management, Investment banking, and Custody.

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