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Alahli REIT Fund 1 (SAU:4338) Operating Income : ﷼87.7 Mil (TTM As of Jun. 2023)


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What is Alahli REIT Fund 1 Operating Income?

Alahli REIT Fund 1's Operating Income for the six months ended in Jun. 2023 was ﷼43.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2023 was ﷼87.7 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Alahli REIT Fund 1's Operating Income for the six months ended in Jun. 2023 was ﷼43.1 Mil. Alahli REIT Fund 1's Revenue for the six months ended in Jun. 2023 was ﷼92.5 Mil. Therefore, Alahli REIT Fund 1's Operating Margin % for the quarter that ended in Jun. 2023 was 46.54%.

Alahli REIT Fund 1's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Alahli REIT Fund 1's annualized ROC % for the quarter that ended in Jun. 2023 was 4.49%. Alahli REIT Fund 1's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was %.


Alahli REIT Fund 1 Operating Income Historical Data

The historical data trend for Alahli REIT Fund 1's Operating Income 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.

Alahli REIT Fund 1 Operating Income Chart

Alahli REIT Fund 1 Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Operating Income
65.87 70.71 54.37 96.80 92.86

Alahli REIT Fund 1 Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 46.72 50.08 48.26 44.59 43.06

Alahli REIT Fund 1 Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ﷼87.7 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.


Alahli REIT Fund 1  (SAU:4338) Operating Income Explanation

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

Alahli REIT Fund 1's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

ROC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=86.122 * ( 1 - 0% )/( (1903.826 + 1934.725)/ 2 )
=86.122/1919.2755
=4.49 %

where

Invested Capital(Q: Jun. 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))
=2001.431 - 36.686 - ( 36.132 - max(0, 99.585 - 129.605+36.132))
=1934.725

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Alahli REIT Fund 1's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=80.376/( ( (0 + max(-0.49599999999998, 0)) + (0 + max(-6.112, 0)) )/ 2 )
=80.376/( ( 0 + 0 )/ 2 )
=80.376/0
= %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(72.134 + 0 + 1.911) - (22.887 + 0 + 51.654)
=-0.49599999999998

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(88.352 + 0 + 5.121) - (36.686 + 0 + 62.899)
=-6.112

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Alahli REIT Fund 1's Operating Margin % for the quarter that ended in Jun. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2023 )/Revenue (Q: Jun. 2023 )
=43.061/92.532
=46.54 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Alahli REIT Fund 1 Operating Income Related Terms

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Alahli REIT Fund 1 (SAU:4338) Business Description

Traded in Other Exchanges
N/A
Address
King Saud Road, P.O. Box 22216, Regional Building of National Commercial Bank, Riyadh, SAU, 11495
Alahli REIT Fund 1 invests in income-producing properties. Its objective is to provide periodic rental income to Unitholders through investing in developed income-generating properties and to potentially provide capital growth by developing and/or expanding and/or selling assets. The Fund invests mainly in developed income-generating real estate assets and may invest part of its assets and cash surplus in Murabaha transactions and short-term deposits in Saudi Riyals with banks that are licensed by the Saudi Central Bank (SAMA) and operate in Saudi Arabia. The Fund may also invest in public money market funds approved by CMA.

Alahli REIT Fund 1 (SAU:4338) Headlines

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