GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AMIC Forging Ltd (BOM:544037) » Definitions » EBIT

AMIC Forging (BOM:544037) EBIT : ₹ Mil (TTM As of Mar. 2023)


View and export this data going back to 2023. Start your Free Trial

What is AMIC Forging EBIT?

AMIC Forging's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was ₹139 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AMIC Forging's annualized ROC % for the quarter that ended in Mar. 2023 was 36.90%. AMIC Forging's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 172.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

AMIC Forging EBIT Historical Data

The historical data trend for AMIC Forging'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.

AMIC Forging EBIT Chart

AMIC Forging Annual Data
Trend Mar21 Mar22 Mar23
EBIT
10.25 18.25 139.22

AMIC Forging Semi-Annual Data
Mar21 Mar22 Mar23
EBIT 10.25 18.25 139.22

Competitive Comparison of AMIC Forging's EBIT

For the Metal Fabrication subindustry, AMIC Forging'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.

AMIC Forging's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, AMIC Forging's EV-to-EBIT distribution charts can be found below:

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


AMIC Forging 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Mar. 2023 was ₹ 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.

AMIC Forging  (BOM:544037) EBIT Explanation

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

AMIC Forging's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

ROC % (Q: Mar. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=129.812 * ( 1 - 25.48% )/( (183.93 + 340.323)/ 2 )
=96.7359024/262.1265
=36.90 %

where

Invested Capital(Q: Mar. 2022 )
=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))
=316.387 - 130.608 - ( 1.849 - max(0, 141.536 - 144.725+1.849))
=183.93

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))
=610.799 - 328.072 - ( 0.999 - max(0, 366.687 - 309.091+0.999))
=340.323

Note: The Operating Income data used here is one times the annual (Mar. 2023) data.

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

AMIC Forging's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=139.217/( ( (53.099 + max(12.219, 0)) + (95.668 + max(-62.59, 0)) )/ 2 )
=139.217/( ( 65.318 + 95.668 )/ 2 )
=139.217/80.493
=172.96 %

where Working Capital is:

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(138.746 + 2.14 + 1.99) - (130.608 + 0 + 0.049000000000007)
=12.219

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(217.439 + 64.621 + 26.032) - (328.072 + 0 + 42.61)
=-62.59

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

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

AMIC Forging's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=/8181.345
= %

* 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.

AMIC Forging EBIT Related Terms

Thank you for viewing the detailed overview of AMIC Forging's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

AMIC Forging (BOM:544037) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AMIC Forging Ltd (BOM:544037) » Definitions » EBIT
Comparable Companies
Traded in Other Exchanges
N/A
Address
3A, Garstin Place, 2nd Floor, Kolkata, WB, IND, 700001
Website
https://www.amicforgings.com
AMIC Forging Ltd is engaged in the manufacturing of forged components. It manufactures precision machined components catering to various industries such as heavy Engineering, Steel Industry, Oil and gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry, Sugar, and other related industries. It manufactures different forging components such as Gear Couplings, Roller Shaft, Brake Drum, Hook and other products as per international standards like AISI, BS, IS, DIN, etc.

AMIC Forging (BOM:544037) Headlines

No Headlines