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Gas Arabian Services Co (SAU:9528) EBIT : ﷼99.6 Mil (TTM As of Jun. 2024)


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What is Gas Arabian Services Co EBIT?

Gas Arabian Services Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was ﷼50.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was ﷼99.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gas Arabian Services Co's annualized ROC % for the quarter that ended in Jun. 2024 was 14.93%. Gas Arabian Services Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 51.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gas Arabian Services Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 3.56%.

Gas Arabian Services Co EBIT Historical Data

The historical data trend for Gas Arabian Services Co'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.

Gas Arabian Services Co EBIT Chart

Gas Arabian Services Co Annual Data
Trend Dec21 Dec22 Dec23
EBIT
67.18 73.88 88.63

Gas Arabian Services Co Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial 21.25 52.62 39.28 49.35 50.20

Competitive Comparison of Gas Arabian Services Co's EBIT

For the Oil & Gas Equipment & Services subindustry, Gas Arabian Services Co'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.

Gas Arabian Services Co's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gas Arabian Services Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Gas Arabian Services Co's EV-to-EBIT falls into.


Gas Arabian Services Co 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 ﷼99.6 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.

Gas Arabian Services Co  (SAU:9528) EBIT Explanation

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

Gas Arabian Services Co'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 )
=73.7 * ( 1 - 8.28% )/( (393.569 + 511.999)/ 2 )
=67.59764/452.784
=14.93 %

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))
=586.41 - 101.782 - ( 91.059 - max(0, 183.993 - 390.968+91.059))
=393.569

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))
=687.752 - 112.58 - ( 63.173 - max(0, 282.356 - 477.542+63.173))
=511.999

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:

Gas Arabian Services Co'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 )
=100.408/( ( (89.126 + max(71.746, 0)) + (98.644 + max(133.105, 0)) )/ 2 )
=100.408/( ( 160.872 + 231.749 )/ 2 )
=100.408/196.3105
=51.15 %

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)
=(167.986 + 61.778 + 24.836) - (101.782 + 0 + 81.072)
=71.746

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(276.27 + 67.187 + 70.912) - (112.58 + 0 + 168.684)
=133.105

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:

Gas Arabian Services Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=99.552/2793.092
=3.56 %

* 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.

Gas Arabian Services Co EBIT Related Terms

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Gas Arabian Services Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gas Arabian Services Co (SAU:9528) » Definitions » EBIT
Comparable Companies
SAU:1301 SAU:9558 SAU:9534 SAU:9540 SAU:9518 SAU:4051 SAU:4346 SAU:9532 SAU:9542 SAU:2370 SLB HAL BKR MIL:TEN FTI SHSE:601808 NOV WFRD CHX ASX:WOR
Traded in Other Exchanges
N/A
Address
Unit no. 8500, Dammam, SAU, 32241-5150
Website
https://www.gasarabian.com
Gas Arabian Services Co is a total solutions provider in the fields of integrated services for oil, petrochemical, chemical & allied industries. It offers leak detection systems, automation, instrumentation, mechanical, piping, static and project management services for petrochemical, electrical, oil and gas, steel, water, and desalination industries. Business is organized into three segments being Technical services, Trading and Manufacturing. Substantial revenue is generated from the Trading segment which is engaged in sales of industrial, electrical, mechanical, hydromechanical, petroleum and other technical equipment.

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