Vedant Asset (BOM:543623) EBIT : ₹3.27 Mil (TTM As of Sep. 2023)

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What is Vedant Asset EBIT?

Vedant Asset's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was ₹1.66 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was ₹3.27 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vedant Asset's annualized ROC % for the quarter that ended in Sep. 2023 was -0.37%. Vedant Asset's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 117.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vedant Asset's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 4.52%.

Vedant Asset EBIT Historical Data

The historical data trend for Vedant Asset'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.

Vedant Asset EBIT Chart

Vedant Asset Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

EBIT

0.43

-0.07

1.65

4.01

Vedant Asset Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial			-	-	2.39	1.62	1.66

Competitive Comparison of Vedant Asset's EBIT

For the Asset Management subindustry, Vedant Asset'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.

Vedant Asset's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Vedant Asset's EV-to-EBIT distribution charts can be found below:

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

Vedant Asset 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹3.27 Mil.

Vedant Asset (BOM:543623) EBIT Explanation

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

Vedant Asset's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-0.172 * ( 1 - 26.03% )	/	( (48.722	+	19.703)	/ 2 )
=	-0.1272284	/	34.2125
=	-0.37 %

where

	Invested Capital		(Q: Mar. 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	))
=	54.275	-	1.64	-	( 3.913	-	max(0, 2.196	-	14.744	+	3.913	))
=	48.722

	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	))
=	55.556	-	0.404	-	( 35.449	-	max(0, 2.26	-	46.71	+	35.449	))
=	19.703

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

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

Vedant Asset's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3.312	/	( ( (1.926 + max(0.612, 0))	+	(1.894 + max(1.189, 0)) )	/	2 )
=	3.312	/	( ( 2.538	+	3.083 )	/	2 )
=	3.312	/	2.8105
=	117.84 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.296	+	1.752	+	0.76)	-	(1.64	+	0	+	0.556)
=	0.612

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.287	+	1.661	+	0.501)	-	(0.404	+	0	+	1.856)
=	1.189

When net working capital is negative, 0 is used.

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

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

Vedant Asset's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	3.273	/	72.453
	=	4.52 %

Vedant Asset EBIT Related Terms

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Vedant Asset (BOM:543623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Vedant Asset Ltd (BOM:543623) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 rd Floor, Gayways House, Pee Pee Compound, Ranchi, JH, IND, 834001

Website

https://www.vedantasset.com

Vedant Asset Ltd is engaged in a Financial Investment Super Market for private and rural investors. The core business is to earn revenue from brokerage and commission by managing funds of investors with various mutual fund houses and providing Banking Correspondence Services in association with various banks.

Vedant Asset (BOM:543623) Headlines

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