Sharjah Cement & Industrial Development Co (ADX:SCIDC) EBIT : د.إ50.6 Mil (TTM As of Mar. 2024)

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What is Sharjah Cement & Industrial Development Co EBIT?

Sharjah Cement & Industrial Development Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was د.إ16.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was د.إ50.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sharjah Cement & Industrial Development Co's annualized ROC % for the quarter that ended in Mar. 2024 was 1.44%. Sharjah Cement & Industrial Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sharjah Cement & Industrial Development Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.21%.

Sharjah Cement & Industrial Development Co EBIT Historical Data

The historical data trend for Sharjah Cement & Industrial Development 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.

Sharjah Cement & Industrial Development Co EBIT Chart

Sharjah Cement & Industrial Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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26.37

-54.78

-23.41

-22.84

33.57

Sharjah Cement & Industrial Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															-0.15	9.17	3.21	21.34	16.91

Competitive Comparison of Sharjah Cement & Industrial Development Co's EBIT

For the Conglomerates subindustry, Sharjah Cement & Industrial Development 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.

Sharjah Cement & Industrial Development Co's EV-to-EBIT Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Sharjah Cement & Industrial Development Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Sharjah Cement & Industrial Development Co's EV-to-EBIT falls into.

Sharjah Cement & Industrial Development 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ50.6 Mil.

Sharjah Cement & Industrial Development Co (ADX:SCIDC) EBIT Explanation

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

Sharjah Cement & Industrial Development Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	25.956 * ( 1 - 2.37% )	/	( (1788.33	+	1737.713)	/ 2 )
=	25.3408428	/	1763.0215
=	1.44 %

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	))
=	1935.148	-	95.51	-	( 51.308	-	max(0, 492.482	-	652.428	+	51.308	))
=	1788.33

	Invested Capital		(Q: Mar. 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	))
=	1934.73	-	141.593	-	( 55.424	-	max(0, 478.918	-	674.669	+	55.424	))
=	1737.713

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Sharjah Cement & Industrial Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	67.62	/	( ( (876.229 + max(463.49, 0))	+	(863.609 + max(477.652, 0)) )	/	2 )
=	67.62	/	( ( 1339.719	+	1341.261 )	/	2 )
=	67.62	/	1340.49
=	5.04 %

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)
=	(228.568	+	313.325	+	57.8)	-	(95.51	+	0	+	40.693)
=	463.49

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(273.236	+	298.716	+	47.293)	-	(141.593	+	0	+	0)
=	477.652

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Sharjah Cement & Industrial Development Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	50.627	/	815.257
	=	6.21 %

Sharjah Cement & Industrial Development Co EBIT Related Terms

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Sharjah Cement & Industrial Development Co (ADX:SCIDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Sharjah Cement & Industrial Development Co (ADX:SCIDC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bank Street, Al Hisn Tower, P.O. Box No. 2083, 14th Floor, Sharjah, ARE

Website

https://www.sharjahcement.com

Sharjah Cement & Industrial Development Co is engaged in the manufacturing and supply of cement, paper sacks, and plastic ropes. The Company invests its surplus funds in investment securities, private equities, and properties. The company operates from Sharjah, United Arab Emirates and sells its products within UAE and many other countries, including the Middle East, Africa, and Asia. The Company has two reportable segments, 1) Manufacturing segment includes cement, paper sacks and ropes products. 2) Investment segment includes investment and cash management for the company's own account. The investment segment is organised into two business units as follows: Investment and letting out properties in UAE and Investment in public and private equities and funds, majorly in GCC and Asia.

Sharjah Cement & Industrial Development Co (ADX:SCIDC) Headlines

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