Esfahans Mobarakeh Steel Co (XTEH:FOLD1) EBIT : IRR37,622,194 Mil (TTM As of Mar. 2015)

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What is Esfahans Mobarakeh Steel Co EBIT?

Esfahans Mobarakeh Steel Co's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2015 was IRR37,622,194 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2015 was IRR37,622,194 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Esfahans Mobarakeh Steel Co's annualized ROC % for the quarter that ended in Mar. 2015 was 17.47%. Esfahans Mobarakeh Steel Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2015 was 39.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Esfahans Mobarakeh Steel Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2015 was 53.67%.

Esfahans Mobarakeh Steel Co EBIT Historical Data

The historical data trend for Esfahans Mobarakeh Steel Co'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.

Esfahans Mobarakeh Steel Co EBIT Chart

Esfahans Mobarakeh Steel Co Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

EBIT

13,145,391.00

12,625,309.00

27,448,134.00

44,217,015.00

37,622,194.00

Esfahans Mobarakeh Steel Co Semi-Annual Data
	Mar11	Mar12	Mar13	Mar14	Mar15
EBIT	13,145,391.00	12,625,309.00	27,448,134.00	44,217,015.00	37,622,194.00

Competitive Comparison of Esfahans Mobarakeh Steel Co's EBIT

For the Steel subindustry, Esfahans Mobarakeh Steel Co'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.

Esfahans Mobarakeh Steel Co's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Esfahans Mobarakeh Steel Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Esfahans Mobarakeh Steel Co's EV-to-EBIT falls into.

Esfahans Mobarakeh Steel Co 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. 2015 was IRR37,622,194 Mil.

Esfahans Mobarakeh Steel Co (XTEH:FOLD1) EBIT Explanation

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

Esfahans Mobarakeh Steel Co's annualized ROC % for the quarter that ended in Mar. 2015 is calculated as:

	ROC % (Q: Mar. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2014 )	+	Invested Capital (Q: Mar. 2015 ))	/ count )
=	27332346 * ( 1 - 11.3% )	/	( (119372400	+	158190425)	/ 2 )
=	24243790.902	/	138781412.5
=	17.47 %

where

	Invested Capital		(Q: Mar. 2014 )
=	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	))
=	159192316	-	29474604	-	( 10345312	-	max(0, 76817656	-	89793098	+	10345312	))
=	119372400

	Invested Capital		(Q: Mar. 2015 )
=	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	))
=	190865334	-	30149366	-	( 8128516	-	max(0, 92950166	-	95475709	+	8128516	))
=	158190425

Note: The Operating Income data used here is one times the annual (Mar. 2015) data.

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

Esfahans Mobarakeh Steel Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2014		Q: Mar. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	37622194	/	( ( (53303369 + max(31536850, 0))	+	(67293158 + max(36587775, 0)) )	/	2 )
=	37622194	/	( ( 84840219	+	103880933 )	/	2 )
=	37622194	/	94360576
=	39.87 %

where Working Capital is:

	Working Capital		(Q: Mar. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(15089719	+	42097779	+	11280231)	-	(29474604	+	0	+	7456275)
=	31536850

	Working Capital		(Q: Mar. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11146075	+	56399460	+	8979197)	-	(30149366	+	0	+	9787591)
=	36587775

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Mar. 2015) EBIT data.

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

Esfahans Mobarakeh Steel Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2015 )
	=	37622194	/	70100000.000
	=	53.67 %

Esfahans Mobarakeh Steel Co EBIT Related Terms

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Esfahans Mobarakeh Steel Co (XTEH:FOLD1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Esfahans Mobarakeh Steel Co (XTEH:FOLD1) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Sa'adat Abad Street, P.O.BOX: 161-84815, Azadi Square, Esfahan, IRN, 11131-84881

Website

http://www.msc.ir

Esfahans Mobarakeh Steel Co is an Iran-based company engaged in producing steel in the Middle East and Northern Africa. Its products include hot rolled products, cold rolled products, coated products including galvanized, tinned and pre-painted products. The company's products are used in various industries, such as automotive, construction, household appliances, and packaging. It also exports its products to Belgium, France, Italy, Spain, Qatar, Saudi Arabia, the United Arab Emirates, Kuwait, Iraq, Oman, Jordan, Armenia, and Georgia.

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