Ashok Leyland (BOM:500477) EBIT : ₹65,393 Mil (TTM As of Dec. 2023)

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What is Ashok Leyland EBIT?

Ashok Leyland's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₹17,665 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₹65,393 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ashok Leyland's annualized ROC % for the quarter that ended in Dec. 2023 was 8.80%. Ashok Leyland's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 118.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ashok Leyland's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.60%.

Ashok Leyland EBIT Historical Data

The historical data trend for Ashok Leyland'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.

Ashok Leyland EBIT Chart

Ashok Leyland Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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43,739.00

25,408.10

18,335.60

16,694.60

43,620.90

Ashok Leyland 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															11,599.90	17,959.00	13,345.80	16,423.80	17,664.50

Competitive Comparison of Ashok Leyland's EBIT

For the Farm & Heavy Construction Machinery subindustry, Ashok Leyland'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.

Ashok Leyland's EV-to-EBIT Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Ashok Leyland's EV-to-EBIT distribution charts can be found below:

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

Ashok Leyland 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 ₹65,393 Mil.

Ashok Leyland (BOM:500477) EBIT Explanation

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

Ashok Leyland'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 )
=	68814.4 * ( 1 - 38.11% )	/	( (483769.6	+	0)	/ 1 )
=	42589.23216	/	483769.6
=	8.80 %

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	))
=	581101.8	-	73885.6	-	( 49527.4	-	max(0, 230737.4	-	254184	+	49527.4	))
=	483769.6

	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:

Ashok Leyland'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 )
=	70658	/	( ( (59518.5 + max(-5653.4, 0))	+	(0 + max(0, 0)) )	/	1 )
=	70658	/	( ( 59518.5	+	0 )	/	1 )
=	70658	/	59518.5
=	118.72 %

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)
=	(44906.3	+	39844.6	+	16250.8)	-	(73885.6	+	0	+	32769.5)
=	-5653.4

	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:

Ashok Leyland's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	65393.1	/	859925.433
	=	7.60 %

Ashok Leyland EBIT Related Terms

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Ashok Leyland (BOM:500477) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ashok Leyland Ltd (BOM:500477) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ASHOKLEY:India

Address

No. 1, Sardar Patel Road, Guindy, Chennai, TN, IND, 600 032

Website

https://www.ashokleyland.com

Ashok Leyland Ltd is an automobile manufacturing company. The company manufactures commercial vehicles, engines, spare parts, and accessories, with the vast majority of revenue derived from commercial vehicle sales. Ashok Leyland organizes its business into two segments: Commercial vehicles and Financial Services. The company derives more than half of its consolidated revenue domestically.

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