Avonmore Capital & Management Services (BOM:511589) EBIT : ₹254 Mil (TTM As of Mar. 2024)

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What is Avonmore Capital & Management Services EBIT?

Avonmore Capital & Management Services's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₹86 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹254 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Avonmore Capital & Management Services's annualized ROC % for the quarter that ended in Mar. 2024 was 3.05%. Avonmore Capital & Management Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 69.53%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Avonmore Capital & Management Services's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.13%.

Avonmore Capital & Management Services EBIT Historical Data

The historical data trend for Avonmore Capital & Management Services'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.

Avonmore Capital & Management Services EBIT Chart

Avonmore Capital & Management Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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178.18

338.40

498.03

1,568.20

254.20

Avonmore Capital & Management Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															30.00	48.10	53.90	66.40	85.80

Competitive Comparison of Avonmore Capital & Management Services's EBIT

For the Capital Markets subindustry, Avonmore Capital & Management Services'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.

Avonmore Capital & Management Services's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Avonmore Capital & Management Services's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Avonmore Capital & Management Services's EV-to-EBIT falls into.

Avonmore Capital & Management Services 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 ₹254 Mil.

Avonmore Capital & Management Services (BOM:511589) EBIT Explanation

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

Avonmore Capital & Management Services'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 )
=	166.8 * ( 1 - 17.16% )	/	( (0	+	4536.1)	/ 1 )
=	138.17712	/	4536.1
=	3.05 %

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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	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	))
=	5240.2	-	565.4	-	( 138.7	-	max(0, 565.4	-	1977.4	+	138.7	))
=	4536.1

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

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

Avonmore Capital & Management Services'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 )
=	343.2	/	( ( (0 + max(0, 0))	+	(228.4 + max(265.2, 0)) )	/	1 )
=	343.2	/	( ( 0	+	493.6 )	/	1 )
=	343.2	/	493.6
=	69.53 %

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)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(686.4	+	118	+	26.2)	-	(565.4	+	0	+	0)
=	265.2

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:

Avonmore Capital & Management Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	254.2	/	2784.267
	=	9.13 %

Avonmore Capital & Management Services EBIT Related Terms

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Avonmore Capital & Management Services (BOM:511589) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Avonmore Capital & Management Services Ltd (BOM:511589) » Definitions » EBIT

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Traded in Other Exchanges

AVONMORE:India

Address

F-33/3, Okhla Industrial Area, Phase-II, New Delhi, IND, 110 020

Website

https://www.avonmorecapital.in/

Avonmore Capital & Management Services Ltd is a non-banking financial institution. The company's business segments are debt and equity market operations which comprise trading in securities and bonds; consultancy and advisory fees comprise merchant banking, underwriting commission, corporate and infrastructure advisory, and loan syndication fees and arranger of debts; investment activities comprise profit on the sale of an investment; finance activities comprise granting of loans; wealth advisory/broking activities; healthcare activities comprises to establish, administer, own and run the eye care hospitals. Wealth / Broking activities comprises commodity broking on various commodity exchanges in the country, stock and share broking on National Stock Exchange of India Limited.

Avonmore Capital & Management Services (BOM:511589) Headlines

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