Advance Syntex (BOM:539982) EBIT : ₹-3.53 Mil (TTM As of Dec. 2023)

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What is Advance Syntex EBIT?

Advance Syntex's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₹-4.42 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-3.53 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Advance Syntex's annualized ROC % for the quarter that ended in Dec. 2023 was -3.85%. Advance Syntex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Advance Syntex's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.81%.

Advance Syntex EBIT Historical Data

The historical data trend for Advance Syntex'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.

Advance Syntex EBIT Chart

Advance Syntex Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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79.51

54.46

9.11

-28.50

-19.71

Advance Syntex Quarterly Data
	Sep18	Mar19	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															-10.88	5.10	-1.46	-2.75	-4.42

Competitive Comparison of Advance Syntex's EBIT

For the Specialty Chemicals subindustry, Advance Syntex'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.

Advance Syntex's EV-to-EBIT Distribution in the Chemicals Industry

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

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

Advance Syntex 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 ₹-3.53 Mil.

Advance Syntex (BOM:539982) EBIT Explanation

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

Advance Syntex'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 )
=	-17.928 * ( 1 - 0% )	/	( (465.773	+	0)	/ 1 )
=	-17.928	/	465.773
=	-3.85 %

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	))
=	472.866	-	5.546	-	( 1.547	-	max(0, 232.61	-	414.719	+	1.547	))
=	465.773

	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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

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

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

Advance Syntex'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 )
=	-17.668	/	( ( (30.002 + max(404.826, 0))	+	(0 + max(0, 0)) )	/	1 )
=	-17.668	/	( ( 434.828	+	0 )	/	1 )
=	-17.668	/	434.828
=	-4.06 %

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)
=	(188.612	+	222.531	+	1.608)	-	(5.546	+	0	+	2.379)
=	404.826

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

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:

Advance Syntex's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-3.533	/	434.940
	=	-0.81 %

Advance Syntex EBIT Related Terms

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Advance Syntex (BOM:539982) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Advance Syntex Ltd (BOM:539982) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

233/2 & 238/2 GIDC POR, Ramangamdi, Vadodara, GJ, IND, 391243

Website

https://www.midasglitter.com

Advance Syntex Ltd is an India-based manufacturer of other made-up textile goods except for apparel. It manufactures and exports metallic yarn, lacquer-coated aluminum metalized polyester film, glitter powder, and allied other products. The company's product line includes metalized polyester films, metalized and coated film for metallic yarn, polyester tape films, and coated polyester films; glitter powder for textiles, decorative and clear polyester glitters, and others.

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