GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Patels Airtemp (India) Ltd (BOM:517417) » Definitions » EBIT

Patels Airtemp (India) (BOM:517417) EBIT : ₹220 Mil (TTM As of Sep. 2024)


View and export this data going back to 2000. Start your Free Trial

What is Patels Airtemp (India) EBIT?

Patels Airtemp (India)'s earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ₹70 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ₹220 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Patels Airtemp (India)'s annualized ROC % for the quarter that ended in Sep. 2024 was 6.81%. Patels Airtemp (India)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 13.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Patels Airtemp (India)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 6.01%.


Patels Airtemp (India) EBIT Historical Data

The historical data trend for Patels Airtemp (India)'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.

Patels Airtemp (India) EBIT Chart

Patels Airtemp (India) Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 193.30 210.68 233.27 237.21 295.11

Patels Airtemp (India) Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 69.42 75.79 72.66 77.50 70.34

Competitive Comparison of Patels Airtemp (India)'s EBIT

For the Specialty Industrial Machinery subindustry, Patels Airtemp (India)'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.


Patels Airtemp (India)'s EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Patels Airtemp (India)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Patels Airtemp (India)'s EV-to-EBIT falls into.



Patels Airtemp (India) 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹220 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.


Patels Airtemp (India)  (BOM:517417) EBIT Explanation

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

Patels Airtemp (India)'s annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=268.5 * ( 1 - 25.68% )/( (2885.677 + 2970.917)/ 2 )
=199.5492/2928.297
=6.81 %

where

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))
=3711.881 - 782.146 - ( 44.058 - max(0, 2127.42 - 3066.875+44.058))
=2885.677

Invested Capital(Q: Sep. 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))
=3348.57 - 331.181 - ( 46.472 - max(0, 1676.448 - 2637.441+46.472))
=2970.917

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Patels Airtemp (India)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=281.344/( ( (447.686 + max(1667.675, 0)) + (438.789 + max(1692.251, 0)) )/ 2 )
=281.344/( ( 2115.361 + 2131.04 )/ 2 )
=281.344/2123.2005
=13.25 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1063.919 + 1695.586 + 262.061) - (782.146 + 0 + 571.745)
=1667.675

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(986.589 + 1452.891 + 151.489) - (331.181 + 0 + 567.537)
=1692.251

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

Patels Airtemp (India)'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=220.493/3670.270
=6.01 %

* 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.


Patels Airtemp (India) EBIT Related Terms

Thank you for viewing the detailed overview of Patels Airtemp (India)'s EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Patels Airtemp (India) Business Description

Traded in Other Exchanges
N/A
Address
5th Floor, Kalpana Complex, Near Memnagar Fire Station, Navrangpura, Ahmedabad, GJ, IND, 380009
Patels Airtemp (India) Ltd is in the engineering industry and is engaged in manufacturing/fabricating tailor-made machines. The company manufactures and sells heat exchangers such as shell and tube type, finned tube type and air-cooled heat exchangers, pressure vessels, air-conditioning and refrigeration equipment, and turnkey HVAC projects in India, and marketing of equipment outside India. The products are supplied to Industrial sections like power projects, refineries, fertilizers, cement, petrochemicals, pharmaceuticals, textile, and chemical industries. The company also has a wholly owned subsidiary company Patels Airtemp (USA) Inc. in the USA.

Patels Airtemp (India) Headlines

No Headlines