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Aeroflex Industries (NSE:AEROFLEX) EBIT : ₹594 Mil (TTM As of Mar. 2024)


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What is Aeroflex Industries EBIT?

Aeroflex Industries's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was ₹274 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹594 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aeroflex Industries's annualized ROC % for the quarter that ended in Mar. 2024 was 16.89%. Aeroflex Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 30.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aeroflex Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.27%.

Aeroflex Industries EBIT Historical Data

The historical data trend for Aeroflex Industries'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.

Aeroflex Industries EBIT Chart

Aeroflex Industries Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
145.94 165.12 425.41 446.59 593.89

Aeroflex Industries Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
EBIT Get a 7-Day Free Trial - 228.10 218.49 319.60 274.29

Competitive Comparison of Aeroflex Industries's EBIT

For the Metal Fabrication subindustry, Aeroflex Industries'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.

Aeroflex Industries's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Aeroflex Industries's EV-to-EBIT distribution charts can be found below:

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


Aeroflex Industries 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹594 Mil.

* 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.

Aeroflex Industries  (NSE:AEROFLEX) EBIT Explanation

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

Aeroflex Industries's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=498.636 * ( 1 - 30.14% )/( (1983.766 + 2141.038)/ 2 )
=348.3471096/2062.402
=16.89 %

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))
=3471.307 - 560.645 - ( 926.896 - max(0, 726.157 - 2697.294+926.896))
=1983.766

Invested Capital(Q: Mar. 2024 )
=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))
=3749.695 - 551.426 - ( 1057.231 - max(0, 810.368 - 2800.777+1057.231))
=2141.038

Note: The Operating Income data used here is two times the semi-annual (Mar. 2024) data.

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

Aeroflex Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=548.584/( ( (719.842 + max(1045.067, 0)) + (877.511 + max(933.755, 0)) )/ 2 )
=548.584/( ( 1764.909 + 1811.266 )/ 2 )
=548.584/1788.0875
=30.68 %

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)
=(1007.349 + 599.991 + 163.058) - (560.645 + 0 + 164.686)
=1045.067

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(947.228 + 589.424 + 206.894) - (551.426 + 0 + 258.365)
=933.755

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

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

Aeroflex Industries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=593.889/18160.987
=3.27 %

* 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.

Aeroflex Industries EBIT Related Terms

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Aeroflex Industries (NSE:AEROFLEX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aeroflex Industries Ltd (NSE:AEROFLEX) » Definitions » EBIT
Comparable Companies
BOM:522241 BOM:513519 BOM:531112 BOM:532864 BOM:500147 BOM:531147 BOM:513097 BOM:500243 BOM:513108 BOM:543962 ATI MLI XTER:TKA SHSE:688122 ESAB TPE:2474 SZSE:000039 XTER:NDA CRS WOR
Traded in Other Exchanges
543972:India
Address
Plot No. 41, 42/13, 42/14 & 42/18, Village Chal, Behind IGPL, near Taloja MIDC, Panvel, Navi Mumbai, MH, IND, 410 208
Website
https://www.aeroflexindia.com
Aeroflex Industries Ltd is a manufacturer and supplier of environment-friendly metallic flexible flow solution products catering to global as well as domestic markets. It supply products to a wide spectrum of industries for the controlled flow of all forms of substances including air, liquid, and solid, Solution products are required in fire sprinklers, gas supply, the flow of air (conditioned/controlled) in aircraft, fueling and hydraulics in aircraft. The company exports its products to more than 80 countries including Europe, the USA and others.

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