Bharat Heavy Electricals (BOM:500103) EBIT : ₹4,830 Mil (TTM As of Dec. 2023)

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What is Bharat Heavy Electricals EBIT?

Bharat Heavy Electricals's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₹-53 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₹4,830 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bharat Heavy Electricals's annualized ROC % for the quarter that ended in Dec. 2023 was -0.81%. Bharat Heavy Electricals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bharat Heavy Electricals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.46%.

Bharat Heavy Electricals EBIT Historical Data

The historical data trend for Bharat Heavy Electricals'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.

Bharat Heavy Electricals EBIT Chart

Bharat Heavy Electricals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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21,277.40

-1,529.80

-32,229.60

8,264.20

10,008.70

Bharat Heavy Electricals Quarterly Data
	Mar19	Jun19	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															1,919.60	10,380.90	-2,942.00	-2,555.80	-53.10

Competitive Comparison of Bharat Heavy Electricals's EBIT

For the Specialty Industrial Machinery subindustry, Bharat Heavy Electricals'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.

Bharat Heavy Electricals's EV-to-EBIT Distribution in the Industrial Products Industry

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

* The bar in red indicates where Bharat Heavy Electricals's EV-to-EBIT falls into.

Bharat Heavy Electricals 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 ₹4,830 Mil.

Bharat Heavy Electricals (BOM:500103) EBIT Explanation

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

Bharat Heavy Electricals'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 )
=	-4938.4 * ( 1 - 23.67% )	/	( (466972.3	+	0)	/ 1 )
=	-3769.48072	/	466972.3
=	-0.81 %

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	))
=	609191.6	-	84005.2	-	( 61923.2	-	max(0, 256190.1	-	314404.2	+	61923.2	))
=	466972.3

	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:

Bharat Heavy Electricals'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 )
=	-212.4	/	( ( (27154.4 + max(86408.5, 0))	+	(0 + max(0, 0)) )	/	1 )
=	-212.4	/	( ( 113562.9	+	0 )	/	1 )
=	-212.4	/	113562.9
=	-0.19 %

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)
=	(38660.2	+	74818	+	139002.8)	-	(84005.2	+	0	+	82067.3)
=	86408.5

	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:

Bharat Heavy Electricals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	4830	/	1042457.549
	=	0.46 %

Bharat Heavy Electricals EBIT Related Terms

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Bharat Heavy Electricals (BOM:500103) Business Description

Industry

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Traded in Other Exchanges

BHEL:India

Address

BHEL House, Siri Fort, New Delhi, IND, 110 049

Website

https://www.bhel.com

Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer and one of the largest engineering and manufacturing companies in India. Its products and services serve power, transportation, energy, oil and gas, defence, and other industrial markets. The company has three business segments: Power (which contributes the majority of total revenue), Industry sector and International Operations. Bharat's product portfolio consists of heavy industrial equipment and components, including turbines, valves, pumps, boilers, and insulators. In addition, the company offers aftersales service to customers for maintenance and repairs and can help synchronize power plants. The majority of total revenue is derived from India, but the company has a footprint in many different regions.

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