Access Engineering (COL:AEL.N0000) EBIT : රු9,292 Mil (TTM As of Dec. 2023)

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What is Access Engineering EBIT?

Access Engineering's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was රු1,767 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was රු9,292 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Access Engineering's annualized ROC % for the quarter that ended in Dec. 2023 was 6.14%. Access Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 72.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Access Engineering's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 24.75%.

Access Engineering EBIT Historical Data

The historical data trend for Access Engineering'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.

Access Engineering EBIT Chart

Access Engineering Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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4,648.74

3,162.18

3,496.79

6,068.01

8,869.00

Access Engineering 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															1,593.43	4,589.68	1,133.03	1,801.93	1,766.88

Competitive Comparison of Access Engineering's EBIT

For the Engineering & Construction subindustry, Access Engineering'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.

Access Engineering's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Access Engineering's EV-to-EBIT distribution charts can be found below:

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

Access Engineering 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 රු9,292 Mil.

Access Engineering (COL:AEL.N0000) EBIT Explanation

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

Access Engineering'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 )
=	5942.372 * ( 1 - 41.85% )	/	( (55404.806	+	57236.339)	/ 2 )
=	3455.489318	/	56320.5725
=	6.14 %

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	))
=	94390.236	-	32952.787	-	( 7301.195	-	max(0, 35416.92	-	41449.563	+	7301.195	))
=	55404.806

	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	))
=	98100.373	-	35055.782	-	( 8816.285	-	max(0, 39172.59	-	44980.842	+	8816.285	))
=	57236.339

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

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

Access Engineering'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 )
=	7067.504	/	( ( (8972.323 + max(1106.094, 0))	+	(8651.589 + max(901.15299999999, 0)) )	/	2 )
=	7067.504	/	( ( 10078.417	+	9552.742 )	/	2 )
=	7067.504	/	9815.5795
=	72.00 %

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)
=	(16641.313	+	17384.742	+	32.826000000001)	-	(32952.787	+	0	+	0)
=	1106.094

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(17278.311	+	18656.355	+	22.268999999993)	-	(35055.782	+	0	+	0)
=	901.15299999999

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:

Access Engineering's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	9291.519	/	37535.200
	=	24.75 %

Access Engineering EBIT Related Terms

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Access Engineering (COL:AEL.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Access Engineering PLC (COL:AEL.N0000) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 278, Union Place, Access Towers, Colombo, LKA, 02

Website

https://www.accessengsl.com

Access Engineering PLC is involved in the business of construction activities and the supply of construction-related services and materials. The company is divided into four segments namely The Construction segment includes the process of constructing buildings and other infrastructures; The Construction-Related Materials segment involves the Production and supply of construction-related materials such as asphalt products, quarry products, and others; The Property segment is engaged in the development of high rise buildings and The Automobile segment includes importing and distribution, or sale of motor vehicles, and spare parts. It generates a majority of its revenue from the Construction Segment. The activities of the Group are located mainly in Sri Lanka.

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