Al-Arabiya Real Estate Co KSC (KUW:ARABREC) EBIT : KWD5.57 Mil (TTM As of Mar. 2024)

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What is Al-Arabiya Real Estate Co KSC EBIT?

Al-Arabiya Real Estate Co KSC's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was KWD-0.36 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was KWD5.57 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Al-Arabiya Real Estate Co KSC's annualized ROC % for the quarter that ended in Mar. 2024 was -3.46%. Al-Arabiya Real Estate Co KSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -9.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Al-Arabiya Real Estate Co KSC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.45%.

Al-Arabiya Real Estate Co KSC EBIT Historical Data

The historical data trend for Al-Arabiya Real Estate Co KSC'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.

Al-Arabiya Real Estate Co KSC EBIT Chart

Al-Arabiya Real Estate Co KSC Annual Data

Trend

Dec10

Dec11

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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6.25

0.23

-7.10

6.23

8.07

Al-Arabiya Real Estate Co KSC 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															2.13	1.80	1.59	2.54	-0.36

Competitive Comparison of Al-Arabiya Real Estate Co KSC's EBIT

For the Real Estate Services subindustry, Al-Arabiya Real Estate Co KSC'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.

Al-Arabiya Real Estate Co KSC's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Al-Arabiya Real Estate Co KSC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Al-Arabiya Real Estate Co KSC's EV-to-EBIT falls into.

Al-Arabiya Real Estate Co KSC 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 KWD5.57 Mil.

Al-Arabiya Real Estate Co KSC (KUW:ARABREC) EBIT Explanation

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

Al-Arabiya Real Estate Co KSC'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 )
=	-5.72 * ( 1 - 0% )	/	( (200.588	+	130.44)	/ 2 )
=	-5.72	/	165.514
=	-3.46 %

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	))
=	122.912	-	2.122	-	( 2.039	-	max(0, 85.459	-	5.661	+	2.039	))
=	200.588

	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	))
=	119.925	-	2.446	-	( 3.325	-	max(0, 21.068	-	8.107	+	3.325	))
=	130.44

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

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

Al-Arabiya Real Estate Co KSC'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 )
=	-1.452	/	( ( (14.316 + max(0.17699999999999, 0))	+	(14.164 + max(0.546, 0)) )	/	2 )
=	-1.452	/	( ( 14.493	+	14.71 )	/	2 )
=	-1.452	/	14.6015
=	-9.94 %

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)
=	(3.622	+	0	+	0)	-	(2.122	+	0	+	1.323)
=	0.17699999999999

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.782	+	0	+	0)	-	(2.446	+	0	+	1.79)
=	0.546

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:

Al-Arabiya Real Estate Co KSC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	5.569	/	102.195
	=	5.45 %

Al-Arabiya Real Estate Co KSC EBIT Related Terms

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Al-Arabiya Real Estate Co KSC (KUW:ARABREC) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Ahmad Al-Jaber Street, 7th Floor, Emad Commercial Center, PO Box 26980, Sharq, Safat, Kuwait City, KWT, 13130

Website

http://www.arec-kwt.com

Al-Arabiya Real Estate Co KSC is a Kuwait based company involved in the construction, contracting, developing and managing the activities of residential buildings, hotels, and commercial centres within the private and public sector. It operates in three segments. Real estate segment involves activities related to real estate investment properties. Hotels segment, which is the key revenue generator, involves establishment, acquiring and managing hotels. Investment segment involves investing in shares and share capital of the companies. Geographically, it generates revenue from Kuwait being the highest revenue driver, United Arab Emirates, and Egypt.

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