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Mohammed Hadi AL Rasheed & Partners Co (SAU:9601) EBIT : ﷼72.4 Mil (TTM As of Jun. 2024)


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What is Mohammed Hadi AL Rasheed & Partners Co EBIT?

Mohammed Hadi AL Rasheed & Partners Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was ﷼38.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was ﷼72.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mohammed Hadi AL Rasheed & Partners Co's annualized ROC % for the quarter that ended in Jun. 2024 was 31.67%. Mohammed Hadi AL Rasheed & Partners Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 39.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mohammed Hadi AL Rasheed & Partners Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 7.11%.

Mohammed Hadi AL Rasheed & Partners Co EBIT Historical Data

The historical data trend for Mohammed Hadi AL Rasheed & Partners 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.

Mohammed Hadi AL Rasheed & Partners Co EBIT Chart

Mohammed Hadi AL Rasheed & Partners Co Annual Data
Trend Dec22 Dec23
EBIT
27.57 48.10

Mohammed Hadi AL Rasheed & Partners Co Semi-Annual Data
Dec22 Jun23 Dec23 Jun24
EBIT - 13.96 34.14 38.28

Competitive Comparison of Mohammed Hadi AL Rasheed & Partners Co's EBIT

For the Other Industrial Metals & Mining subindustry, Mohammed Hadi AL Rasheed & Partners 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.

Mohammed Hadi AL Rasheed & Partners Co's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Mohammed Hadi AL Rasheed & Partners Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Mohammed Hadi AL Rasheed & Partners Co's EV-to-EBIT falls into.


Mohammed Hadi AL Rasheed & Partners 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 ﷼72.4 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.

Mohammed Hadi AL Rasheed & Partners Co  (SAU:9601) EBIT Explanation

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

Mohammed Hadi AL Rasheed & Partners 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 )
=76.164 * ( 1 - 4.55% )/( (214.2 + 244.945)/ 2 )
=72.698538/229.5725
=31.67 %

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))
=247.763 - 13.755 - ( 19.808 - max(0, 38.736 - 137.206+19.808))
=214.2

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))
=300.254 - 10.929 - ( 44.38 - max(0, 59.349 - 193.021+44.38))
=244.945

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:

Mohammed Hadi AL Rasheed & Partners 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 )
=76.556/( ( (110.557 + max(77.919, 0)) + (107.233 + max(91.389, 0)) )/ 2 )
=76.556/( ( 188.476 + 198.622 )/ 2 )
=76.556/193.549
=39.55 %

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)
=(62.015 + 42.451 + 2.547) - (13.755 + 0 + 15.339)
=77.919

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(76.711 + 44.957 + 19.048) - (10.929 + 0 + 38.398)
=91.389

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:

Mohammed Hadi AL Rasheed & Partners Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=72.418/1018.008
=7.11 %

* 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.

Mohammed Hadi AL Rasheed & Partners Co EBIT Related Terms

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Mohammed Hadi AL Rasheed & Partners Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mohammed Hadi AL Rasheed & Partners Co (SAU:9601) » Definitions » EBIT
Comparable Companies
Traded in Other Exchanges
N/A
Address
Dammam Road, Building No. 2865, Granada District, Riyadh, SAU, 8137-13242
Website
https://www.alrasheedco.com.sa
Mohammed Hadi AL Rasheed & Partners Co is a company whose main activities are operating quarries, rewinding the magnetic core of generators, motors, and electrical transformers, general construction for residential buildings, general construction for non-residential buildings such as schools, hospitals, hotels, etc, also includes the construction of roads, streets, sidewalks, and road supplies, extending pipes of various types for electricity, communications, and others.

Mohammed Hadi AL Rasheed & Partners Co Headlines

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