Jayaswal NECO Industries (BOM:522285) EBIT : ₹5,827 Mil (TTM As of Sep. 2024)

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What is Jayaswal NECO Industries EBIT?

Jayaswal NECO Industries's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ₹1,002 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ₹5,827 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jayaswal NECO Industries's annualized ROC % for the quarter that ended in Sep. 2024 was 5.34%. Jayaswal NECO Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 8.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Jayaswal NECO Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 8.23%.

Jayaswal NECO Industries EBIT Historical Data

The historical data trend for Jayaswal NECO 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.

Jayaswal NECO Industries EBIT Chart

Jayaswal NECO Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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-6,497.99

3,457.49

27,675.91

4,847.92

7,564.81

Jayaswal NECO Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															2,306.20	2,335.90	1,463.51	1,025.90	1,001.80

Competitive Comparison of Jayaswal NECO Industries's EBIT

For the Steel subindustry, Jayaswal NECO 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.

Jayaswal NECO Industries's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jayaswal NECO Industries's EV-to-EBIT distribution charts can be found below:

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

Jayaswal NECO 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹5,827 Mil.

Jayaswal NECO Industries (BOM:522285) EBIT Explanation

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

Jayaswal NECO Industries'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: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	3924.8 * ( 1 - 24.15% )	/	( (0	+	55711.7)	/ 1 )
=	2976.9608	/	55711.7
=	5.34 %

where

	Invested Capital		(Q: Jun. 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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	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	))
=	59606	-	2248.8	-	( 1645.5	-	max(0, 8906.5	-	21548.1	+	1645.5	))
=	55711.7

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

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

Jayaswal NECO Industries'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: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	4007.2	/	( ( (0 + max(0, 0))	+	(35378.4 + max(13706.7, 0)) )	/	1 )
=	4007.2	/	( ( 0	+	49085.1 )	/	1 )
=	4007.2	/	49085.1
=	8.16 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4338.8	+	12823.4	+	2737.6)	-	(2248.8	+	0	+	3944.3)
=	13706.7

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	5827.109	/	70766.376
	=	8.23 %

Jayaswal NECO Industries EBIT Related Terms

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Jayaswal NECO Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jayaswal NECO Industries Ltd (BOM:522285) » Definitions » EBIT

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JAYNECOIND:India

Address

D-3/1, Central MIDC Road, Hingna MIDC Industrial Area, Nagpur, MH, IND, 440016

Website

https://www.necoindia.com

Jayaswal NECO Industries Ltd is engaged in the manufacture and supply of pig iron, sponge iron, pellet, steel, and Iron and steel casting. It specializes in the manufacture and supply of graded steels made in the form of billets, blooms and slabs from virgin metal. The company supplies steel in cast, rolled, wire, annealed, and bright bar forms catering to the demands of various engineering, industrial, construction, automotive, power, and railway industries. Its product-wise operating segments are Steel which derives key revenue, Iron and Steel Castings, and Others. Geographically, the company caters to both Indian and international markets of which, a majority of its revenue is generated from its business in India.

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