Veejay Lakshmi Engineering Works (BOM:522267) EBIT : ₹-51.2 Mil (TTM As of Dec. 2023)

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What is Veejay Lakshmi Engineering Works EBIT?

Veejay Lakshmi Engineering Works's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₹-7.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-51.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Veejay Lakshmi Engineering Works's annualized ROC % for the quarter that ended in Dec. 2023 was -8.03%. Veejay Lakshmi Engineering Works's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -7.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Veejay Lakshmi Engineering Works's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -9.06%.

Veejay Lakshmi Engineering Works EBIT Historical Data

The historical data trend for Veejay Lakshmi Engineering Works'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.

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Veejay Lakshmi Engineering Works EBIT Chart

Veejay Lakshmi Engineering Works Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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14.61

-84.11

-18.35

25.40

-125.14

Veejay Lakshmi Engineering Works 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															-26.11	-15.76	-20.25	-7.62	-7.60

Competitive Comparison of Veejay Lakshmi Engineering Works's EBIT

For the Textile Manufacturing subindustry, Veejay Lakshmi Engineering Works'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.

Veejay Lakshmi Engineering Works's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Veejay Lakshmi Engineering Works's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Veejay Lakshmi Engineering Works's EV-to-EBIT falls into.

Veejay Lakshmi Engineering Works 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 ₹-51.2 Mil.

Veejay Lakshmi Engineering Works (BOM:522267) EBIT Explanation

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

Veejay Lakshmi Engineering Works'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 )
=	-46.212 * ( 1 - -2.43% )	/	( (589.723	+	0)	/ 1 )
=	-47.3349516	/	589.723
=	-8.03 %

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	))
=	596.377	-	16.884	-	( 4.234	-	max(0, 175.829	-	165.599	+	4.234	))
=	589.723

	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:

Veejay Lakshmi Engineering Works'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 )
=	-30.396	/	( ( (372.829 + max(58.025, 0))	+	(0 + max(0, 0)) )	/	1 )
=	-30.396	/	( ( 430.854	+	0 )	/	1 )
=	-30.396	/	430.854
=	-7.05 %

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)
=	(30.422	+	109.139	+	21.745)	-	(16.884	+	0	+	86.397)
=	58.025

	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:

Veejay Lakshmi Engineering Works's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-51.227	/	565.243
	=	-9.06 %

Veejay Lakshmi Engineering Works EBIT Related Terms

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Veejay Lakshmi Engineering Works (BOM:522267) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Veejay Lakshmi Engineering Works Ltd (BOM:522267) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Sengalipalayam, N.G.G.O. Colony Post, Coimbatore, TN, IND, 641022

Website

https://www.veejaylakshmi.com

Veejay Lakshmi Engineering Works Ltd is an Indian company that operates in the textile industry. The operating segment of the company includes Engineering and Textile. It generates maximum revenue from the Textile segment. The Textile Division is engaged in producing yarn and fabrics. Its Engineering Division is engaged in producing Two for One Twisters and Assembly Winders.

Veejay Lakshmi Engineering Works (BOM:522267) Headlines

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