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Riyadh Steel Co (SAU:9588) EBIT : ﷼13.9 Mil (TTM As of Jun. 2024)


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What is Riyadh Steel Co EBIT?

Riyadh Steel Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was ﷼4.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was ﷼13.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Riyadh Steel Co's annualized ROC % for the quarter that ended in Jun. 2024 was 4.75%. Riyadh Steel Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 10.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Riyadh Steel Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 8.46%.

Riyadh Steel Co EBIT Historical Data

The historical data trend for Riyadh Steel 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.

Riyadh Steel Co EBIT Chart

Riyadh Steel Co Annual Data
Trend Dec21 Dec22 Dec23
EBIT
5.86 6.69 13.56

Riyadh Steel Co Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial 4.98 1.71 3.89 9.67 4.24

Competitive Comparison of Riyadh Steel Co's EBIT

For the Steel subindustry, Riyadh Steel 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.

Riyadh Steel Co's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Riyadh Steel Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Riyadh Steel Co's EV-to-EBIT falls into.


Riyadh Steel 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 ﷼13.9 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.

Riyadh Steel Co  (SAU:9588) EBIT Explanation

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

Riyadh Steel 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 )
=6.798 * ( 1 - 23.94% )/( (104.293 + 113.348)/ 2 )
=5.1705588/108.8205
=4.75 %

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))
=125.651 - 2.016 - ( 19.342 - max(0, 26.078 - 93.073+19.342))
=104.293

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))
=123.207 - 0 - ( 9.859 - max(0, 23.273 - 92.698+9.859))
=113.348

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:

Riyadh Steel 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 )
=8.474/( ( (32.531 + max(66.696, 0)) + (0 + max(59.566, 0)) )/ 2 )
=8.474/( ( 99.227 + 59.566 )/ 2 )
=8.474/79.3965
=10.67 %

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)
=(25.14 + 45.609 + 2.187) - (2.016 + 0 + 4.224)
=66.696

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 82.839) - (0 + 0 + 23.273)
=59.566

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:

Riyadh Steel Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=13.909/164.441
=8.46 %

* 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.

Riyadh Steel Co EBIT Related Terms

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Riyadh Steel Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Riyadh Steel Co (SAU:9588) » Definitions » EBIT
Comparable Companies
SAU:9553 SAU:9563 SAU:9513 SAU:2220 NUE BOM:500228 TSE:5401 XAMS:MT SHSE:600019 NSE:TATASTEEL STLD RS XKRX:005490 MIC:CHMF SHSE:600010 TPE:2002 BOM:532286 X SZSE:000708 TSE:5411
Traded in Other Exchanges
N/A
Address
Imam Abdullah bin Saud bin Abdulaziz Road, Al-Shuhada District, Office No. 35, Building No. 4578, Riyadh, SAU, 13241
Website
https://www.riyadhsteel.com.sa
Riyadh Steel Co is a steel manufacturing company working in all stages of production of scrap, flat bars, and angle bars . It provides products such as Steel Scrap, Billets, and ASTM A36 standard Flat and Angle bars.

Riyadh Steel Co Headlines

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