Arham Technologies (NSE:SMARHAM) EBIT : ₹59.3 Mil (TTM As of Mar. 2023)

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What is Arham Technologies EBIT?

Arham Technologies's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was ₹36.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was ₹59.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Arham Technologies's annualized ROC % for the quarter that ended in Mar. 2023 was 20.36%. Arham Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 30.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Arham Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 2.34%.

Arham Technologies EBIT Historical Data

The historical data trend for Arham Technologies'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.

Arham Technologies EBIT Chart

Arham Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

EBIT

11.44

33.22

53.12

59.27

Arham Technologies Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23
EBIT	-	-	-	23.28	35.99

Competitive Comparison of Arham Technologies's EBIT

For the Consumer Electronics subindustry, Arham Technologies'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.

Arham Technologies's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Arham Technologies's EV-to-EBIT distribution charts can be found below:

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

Arham Technologies 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 Mar. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹59.3 Mil.

Arham Technologies (NSE:SMARHAM) EBIT Explanation

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

Arham Technologies'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: Sep. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	70.116 * ( 1 - 23.85% )	/	( (217.849	+	306.645)	/ 2 )
=	53.393334	/	262.247
=	20.36 %

where

	Invested Capital		(Q: Sep. 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	))
=	265.75	-	38.791	-	( 9.11	-	max(0, 133.968	-	232.516	+	9.11	))
=	217.849

	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	))
=	329.282	-	13.848	-	( 8.789	-	max(0, 94.04	-	250.537	+	8.789	))
=	306.645

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

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

Arham Technologies'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: Sep. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	71.98	/	( ( (21.56 + max(166.515, 0))	+	(61.618 + max(224.615, 0)) )	/	2 )
=	71.98	/	( ( 188.075	+	286.233 )	/	2 )
=	71.98	/	237.154
=	30.35 %

where Working Capital is:

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(73.648	+	131.538	+	18.024)	-	(38.791	+	0	+	17.904)
=	166.515

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(103.975	+	126.247	+	11.526)	-	(13.848	+	0	+	3.285)
=	224.615

When net working capital is negative, 0 is used.

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

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

Arham Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	59.274	/	2527.917
	=	2.34 %

Arham Technologies EBIT Related Terms

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Arham Technologies (NSE:SMARHAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Arham Technologies Ltd (NSE:SMARHAM) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

5 Chitrakoot Complex, Opp Vyavsayik Sahkari Bank, Jawahar Nagar, Raipur, CT, IND, 492001

Website

https://www.arhamtechnologies.co.in

Arham Technologies Ltd is engaged in the manufacturing of LED Smart Televisions. The company manufactures LED Televisions with different screen sizes under the brand STARSHINE. It's business segment is Manufacturing of Consumer Electronics & Appliances and principal geographical segment is India. The company also manufactures Fans, Air Coolers, and Mixer Grinders through third-party manufacturers.

Arham Technologies (NSE:SMARHAM) Headlines

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