Al Rajhi REIT Fund (SAU:4340) EBIT : ﷼197.9 Mil (TTM As of Jun. 2024)

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What is Al Rajhi REIT Fund EBIT?

Al Rajhi REIT Fund's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was ﷼99.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was ﷼197.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Al Rajhi REIT Fund's annualized ROC % for the quarter that ended in Jun. 2024 was 5.07%. Al Rajhi REIT Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 2,065.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Al Rajhi REIT Fund's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 6.16%.

Al Rajhi REIT Fund EBIT Historical Data

The historical data trend for Al Rajhi 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.

Al Rajhi REIT Fund EBIT Chart

Al Rajhi REIT Fund Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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75.48

38.98

-154.05

146.10

127.71

Al Rajhi REIT Fund Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial							80.13	65.98	29.03	98.69	99.17

Competitive Comparison of Al Rajhi REIT Fund's EBIT

For the REIT - Diversified subindustry, Al Rajhi 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.

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

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

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

Al Rajhi 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 ﷼197.9 Mil.

Al Rajhi REIT Fund (SAU:4340) EBIT Explanation

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

Al Rajhi 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 )
=	155.534 * ( 1 - 0% )	/	( (3073.343	+	3067.979)	/ 2 )
=	155.534	/	3070.661
=	5.07 %

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	))
=	3136.064	-	3.882	-	( 58.839	-	max(0, 25.925	-	123.715	+	58.839	))
=	3073.343

	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	))
=	3155.524	-	0	-	( 87.545	-	max(0, 49.599	-	146.736	+	87.545	))
=	3067.979

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:

Al Rajhi 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 )
=	198.346	/	( ( (0 + max(19.206, 0))	+	(0 + max(-14.756, 0)) )	/	2 )
=	198.346	/	( ( 19.206	+	0 )	/	2 )
=	198.346	/	9.603
=	2,065.46 %

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)
=	(43.63	+	0	+	1.501)	-	(3.882	+	0	+	22.043)
=	19.206

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(33.588	+	0	+	1.255)	-	(0	+	0	+	49.599)
=	-14.756

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	197.861	/	3212.152
	=	6.16 %

Al Rajhi REIT Fund EBIT Related Terms

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Al Rajhi REIT Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Al Rajhi REIT Fund (SAU:4340) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahad Road, Unit No. 1, PO Box 5561, Al Muruj District, Riyadh, SAU, 11432

Website

https://www.alrajhi-capital.com

Al Rajhi REIT Fund is a close-ended real estate investment traded fund. The investment objective of the company is to invest in income-generating real estate assets. It is divided into four divisions namely Brokerage, Asset Management, Investment Banking, and Research. The Brokerage Division offers a comprehensive brokerage and execution service, The Asset management division manages global, regional, and local mutual funds. Investment Banking offers a complete range of strategic financial advisory services, including debt and equity structuring and arranging to assist clients in achieving their business and financial goals The research division focuses on delivering detailed investment analysis of regional and international equity, markets, and economies.

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