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Mulkia Gulf Real Estate REIT (SAU:4336) EBIT : ﷼48.5 Mil (TTM As of Jun. 2024)


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What is Mulkia Gulf Real Estate REIT EBIT?

Mulkia Gulf Real Estate REIT's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was ﷼24.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was ﷼48.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mulkia Gulf Real Estate REIT's annualized ROC % for the quarter that ended in Jun. 2024 was 3.01%. Mulkia Gulf Real Estate REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mulkia Gulf Real Estate REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 4.92%.


Mulkia Gulf Real Estate REIT EBIT Historical Data

The historical data trend for Mulkia Gulf Real Estate 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.

* Premium members only.

Mulkia Gulf Real Estate REIT EBIT Chart

Mulkia Gulf Real Estate REIT Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 39.84 31.13 41.14 23.05 25.86

Mulkia Gulf Real Estate REIT Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -4.85 27.89 1.71 24.15 24.36

Competitive Comparison of Mulkia Gulf Real Estate REIT's EBIT

For the REIT - Diversified subindustry, Mulkia Gulf Real Estate 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.


Mulkia Gulf Real Estate REIT's EV-to-EBIT Distribution in the REITs Industry

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

* The bar in red indicates where Mulkia Gulf Real Estate REIT's EV-to-EBIT falls into.



Mulkia Gulf Real Estate 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 ﷼48.5 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.


Mulkia Gulf Real Estate REIT  (SAU:4336) EBIT Explanation

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

Mulkia Gulf Real Estate 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 )
=39.406 * ( 1 - 3.16% )/( (1272.177 + 1266.567)/ 2 )
=38.1607704/1269.372
=3.01 %

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))
=1310.578 - 23.752 - ( 14.649 - max(0, 40.092 - 60.598+14.649))
=1272.177

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))
=1303.023 - 25.881 - ( 10.575 - max(0, 42.045 - 52.956+10.575))
=1266.567

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:

Mulkia Gulf Real Estate 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 )
=48.728/( ( (0 + max(-1.546, 0)) + (0 + max(-8.902, 0)) )/ 2 )
=48.728/( ( 0 + 0 )/ 2 )
=48.728/0
= %

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)
=(36.959 + 0.264 + 1.323) - (23.752 + 0 + 16.34)
=-1.546

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(32.868 + 0.275 + 0) - (25.881 + 0 + 16.164)
=-8.902

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:

Mulkia Gulf Real Estate REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=48.515/985.166
=4.92 %

* 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.


Mulkia Gulf Real Estate REIT EBIT Related Terms

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Mulkia Gulf Real Estate REIT Business Description

Traded in Other Exchanges
N/A
Address
Prince Mohammed Ibn Abdulaziz Road (Tahlia Street), P.O. Box 52775, Al-Olaya Area, Riyadh, SAU, 11573
Mulkia Gulf Real Estate REIT is a closed-end real estate investment fund company. The objective of the Fund is to acquire pre-developed real estate properties to obtain regular rental income. The company is engaged in acquiring several income-generating real estate, which are under four specific real estate assets in cities within Saudi Arabia.

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