Derayah REIT Fund (SAU:4339) EBIT : ﷼101.1 Mil (TTM As of Jun. 2024)

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What is Derayah REIT Fund EBIT?

Derayah REIT Fund's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was ﷼36.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was ﷼101.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Derayah REIT Fund's annualized ROC % for the quarter that ended in Jun. 2024 was 4.07%. Derayah REIT Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 146.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Derayah REIT Fund's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 8.12%.

Derayah REIT Fund EBIT Historical Data

The historical data trend for Derayah REIT Fund'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.

Derayah REIT Fund EBIT Chart

Derayah REIT Fund Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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85.98

82.29

69.15

86.58

90.25

Derayah REIT Fund Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial							42.86	43.73	25.59	64.66	36.44

Competitive Comparison of Derayah REIT Fund's EBIT

For the REIT - Diversified subindustry, Derayah REIT Fund'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.

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

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

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

Derayah REIT Fund 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 ﷼101.1 Mil.

Derayah REIT Fund (SAU:4339) EBIT Explanation

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

Derayah REIT Fund'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 )
=	61.368 * ( 1 - 0% )	/	( (1502.394	+	1513.902)	/ 2 )
=	61.368	/	1508.148
=	4.07 %

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	))
=	1513.471	-	6.246	-	( 4.831	-	max(0, 21.013	-	73.93	+	4.831	))
=	1502.394

	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	))
=	1527.315	-	8.078	-	( 5.335	-	max(0, 32.033	-	90.771	+	5.335	))
=	1513.902

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:

Derayah REIT Fund'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 )
=	72.878	/	( ( (0 + max(48.075, 0))	+	(0 + max(51.339, 0)) )	/	2 )
=	72.878	/	( ( 48.075	+	51.339 )	/	2 )
=	72.878	/	49.707
=	146.62 %

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)
=	(66.768	+	0	+	2.32)	-	(6.246	+	0	+	14.767)
=	48.075

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(83.372	+	0	+	0)	-	(8.078	+	0	+	23.955)
=	51.339

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	101.099	/	1244.465
	=	8.12 %

Derayah REIT Fund EBIT Related Terms

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Derayah REIT Fund Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Olaya Public Street, P.O Box 286546, Second Floor, Olaya Center, Riyadh, SAU, 11323

Website

https://www.derayah.com

Derayah REIT Fund operates as a real estate investment company in Saudi Arabia. Its aim is to generate income on the invested capital by acquiring a number of diverse, completed, and income-generating real estate assets in Saudi Arabia with the exception of Mecca and Medina. The company services include Real Estate, Unified Trading, Margin Financing, Asset Management, Equity, and Alternative investment funds.

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