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Arabian Plastic Industrial Co (SAU:9548) EBIT : ﷼15.6 Mil (TTM As of Jun. 2024)


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What is Arabian Plastic Industrial Co EBIT?

Arabian Plastic Industrial Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was ﷼7.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was ﷼15.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Arabian Plastic Industrial Co's annualized ROC % for the quarter that ended in Jun. 2024 was 7.98%. Arabian Plastic Industrial Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 9.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Arabian Plastic Industrial Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 4.67%.

Arabian Plastic Industrial Co EBIT Historical Data

The historical data trend for Arabian Plastic Industrial 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.

Arabian Plastic Industrial Co EBIT Chart

Arabian Plastic Industrial Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
7.86 9.56 12.09 16.45

Arabian Plastic Industrial Co Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial 6.04 6.05 8.12 8.33 7.24

Competitive Comparison of Arabian Plastic Industrial Co's EBIT

For the Specialty Chemicals subindustry, Arabian Plastic Industrial 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.

Arabian Plastic Industrial Co's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Arabian Plastic Industrial Co's EV-to-EBIT distribution charts can be found below:

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


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Arabian Plastic Industrial 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 ﷼15.6 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.

Arabian Plastic Industrial Co  (SAU:9548) EBIT Explanation

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

Arabian Plastic Industrial 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 )
=14.304 * ( 1 - 5.46% )/( (160.352 + 178.549)/ 2 )
=13.5230016/169.4505
=7.98 %

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))
=196.875 - 34.735 - ( 1.788 - max(0, 95.538 - 111.522+1.788))
=160.352

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))
=206.174 - 22.626 - ( 5.793 - max(0, 98.927 - 103.926+5.793))
=178.549

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:

Arabian Plastic Industrial 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 )
=14.472/( ( (85.353 + max(63.368, 0)) + (102.248 + max(70.281, 0)) )/ 2 )
=14.472/( ( 148.721 + 172.529 )/ 2 )
=14.472/160.625
=9.01 %

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)
=(47.455 + 48.704 + 6.643) - (34.735 + 0 + 4.699)
=63.368

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(48.667 + 39.947 + 8.504) - (22.626 + 0 + 4.211)
=70.281

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=15.565/333.480
=4.67 %

* 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.

Arabian Plastic Industrial Co EBIT Related Terms

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Arabian Plastic Industrial Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Arabian Plastic Industrial Co (SAU:9548) » Definitions » EBIT
Comparable Companies
SAU:9623 SAU:9605 SAU:9552 SAU:9607 LIN XPAR:AI SHW ECL APD ISX:TPIA XSWX:SIKA XSWX:GIVN DD SHSE:600309 XAMS:DSFIR OCSE:NSIS B PPG BOM:500820 LYB ADX:BOROUGE
Traded in Other Exchanges
N/A
Address
Street 45, Phase 3, Industrial City 1, Jeddah, SAU
Website
https://www.apico.com.sa
Arabian Plastic Industrial Co is a plastic packaging and thermoplastic injection company. The company provides superior injection molding production services, as well as high-quality extrusion of films, blow molding and thermoforming disposable products.

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