Organic Coatings (BOM:531157) EBIT : ₹8.3 Mil (TTM As of Dec. 2023)

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What is Organic Coatings EBIT?

Organic Coatings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₹1.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₹8.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Organic Coatings's annualized ROC % for the quarter that ended in Dec. 2023 was 2.31%. Organic Coatings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Organic Coatings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.17%.

Organic Coatings EBIT Historical Data

The historical data trend for Organic Coatings'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.

Organic Coatings EBIT Chart

Organic Coatings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

Get a 7-Day Free Trial

0.97

6.63

-7.64

-5.04

5.43

Organic Coatings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															0.61	4.24	1.63	1.16	1.29

Competitive Comparison of Organic Coatings's EBIT

For the Specialty Chemicals subindustry, Organic Coatings'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.

Organic Coatings's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Organic Coatings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Organic Coatings's EV-to-EBIT falls into.

Organic Coatings 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹8.3 Mil.

Organic Coatings (BOM:531157) EBIT Explanation

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

Organic Coatings's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	3.512 * ( 1 - 0% )	/	( (151.924	+	0)	/ 1 )
=	3.512	/	151.924
=	2.31 %

where

	Invested Capital		(Q: Sep. 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	))
=	192.552	-	58.437	-	( 2.588	-	max(0, 115.534	-	97.725	+	2.588	))
=	151.924

	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

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Organic Coatings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	5.164	/	( ( (90.327 + max(31.518, 0))	+	(0 + max(0, 0)) )	/	1 )
=	5.164	/	( ( 121.845	+	0 )	/	1 )
=	5.164	/	121.845
=	4.24 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(60.481	+	30.181	+	4.475)	-	(58.437	+	0	+	5.182)
=	31.518

	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

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Organic Coatings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	8.314	/	199.490
	=	4.17 %

Organic Coatings EBIT Related Terms

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Organic Coatings (BOM:531157) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Organic Coatings Ltd (BOM:531157) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

Unit No.405, Atlanta Estate Premises Co-op. Soc. Ltd., Vitth Bhatti, Near Virwani Industrial Estate, Goregaon (East), Mumbai, MH, IND, 400063

Website

http://www.organiccoatingsltd.com

Organic Coatings Ltd is a chemical manufacturing company in India. It is engaged in the business of manufacturing and trading of printing inks and allied products. It offers offset ink products, including web offset publications and heat set inks; UV inks for dry offset, flexo, wet offset-sheetfed and web, and silkscreen applications; water-based flexo inks; Security inks and Specialty Inks. Geographically the company caters its products across India and to other countries. It operates through one segment that is Printing Inks and generates revenue from the same.

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