HI-Green Carbon (NSE:HIGREEN) EBIT : ₹ Mil (TTM As of Mar. 2023)

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What is HI-Green Carbon EBIT?

HI-Green Carbon's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was ₹172.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. HI-Green Carbon's annualized ROC % for the quarter that ended in Mar. 2023 was 33.17%. HI-Green Carbon's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 56.36%.

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

HI-Green Carbon EBIT Historical Data

The historical data trend for HI-Green Carbon'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.

HI-Green Carbon EBIT Chart

HI-Green Carbon Annual Data

Trend

Mar21

Mar22

Mar23

EBIT

5.49

58.00

172.02

HI-Green Carbon Semi-Annual Data
	Mar21	Mar22	Mar23
EBIT	5.49	58.00	172.02

Competitive Comparison of HI-Green Carbon's EBIT

For the Specialty Chemicals subindustry, HI-Green Carbon'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.

HI-Green Carbon's EV-to-EBIT Distribution in the Chemicals Industry

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

* The bar in red indicates where HI-Green Carbon's EV-to-EBIT falls into.

HI-Green Carbon 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.

HI-Green Carbon (NSE:HIGREEN) EBIT Explanation

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

HI-Green Carbon'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 )
=	168.154 * ( 1 - 32.76% )	/	( (289.462	+	392.326)	/ 2 )
=	113.0667496	/	340.894
=	33.17 %

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	))
=	342.436	-	52.329	-	( 0.645	-	max(0, 102.839	-	144.613	+	0.645	))
=	289.462

	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	))
=	438.783	-	45.556	-	( 0.901	-	max(0, 169.327	-	238.387	+	0.901	))
=	392.326

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

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

HI-Green Carbon'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 )
=	172.016	/	( ( (166.724 + max(78.972, 0))	+	(198.495 + max(166.208, 0)) )	/	2 )
=	172.016	/	( ( 245.696	+	364.703 )	/	2 )
=	172.016	/	305.1995
=	56.36 %

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)
=	(49.719	+	93.831	+	0.41799999999998)	-	(52.329	+	0	+	12.667)
=	78.972

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(56.212	+	122.777	+	58.497)	-	(45.556	+	0	+	25.722)
=	166.208

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:

HI-Green Carbon's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=		/	4476.082
	=	%

HI-Green Carbon EBIT Related Terms

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HI-Green Carbon (NSE:HIGREEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » HI-Green Carbon Ltd (NSE:HIGREEN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

G-557, Lodhika Industrial Estate, Metoda G.I.D.C. Gate No. 3, Metoda, Lodhika, Rajkot, GJ, IND, 360021

Website

https://www.higreencarbon.com

HI-Green Carbon Ltd is engaged in the business of waste tyres recycling. Its manufacturing plant operates on a continuous pyrolysis process. It is an uninterrupted working method with a continuous feeding and discharging system controlled by the program logic controller system. The company processes end-of-life tyres (ELTs) pieces to produce energy components and raw materials. Its major products are Recovered Carbon Black (rCB) and Steel Wires under the Raw Material Category and fuel Oil and Synthesis Gas under the Energy components category.

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