Harmony Capital Services (BOM:530055) EBIT : ₹-3.10 Mil (TTM As of Sep. 2024)

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What is Harmony Capital Services EBIT?

Harmony Capital Services's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ₹-1.58 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-3.10 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Harmony Capital Services's annualized ROC % for the quarter that ended in Sep. 2024 was -39.15%. Harmony Capital Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Harmony Capital Services's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -1.58%.

Harmony Capital Services EBIT Historical Data

The historical data trend for Harmony Capital Services'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.

Harmony Capital Services EBIT Chart

Harmony Capital Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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-0.98

-0.58

-0.08

0.97

-0.92

Harmony Capital Services 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															-0.01	-0.02	-0.39	-1.11	-1.58

Competitive Comparison of Harmony Capital Services's EBIT

For the Capital Markets subindustry, Harmony Capital Services'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.

Harmony Capital Services's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Harmony Capital Services's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Harmony Capital Services's EV-to-EBIT falls into.

Harmony Capital Services 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 ₹-3.10 Mil.

Harmony Capital Services (BOM:530055) EBIT Explanation

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

Harmony Capital Services'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 )
=	-6.324 * ( 1 - 0% )	/	( (0	+	16.155)	/ 1 )
=	-6.324	/	16.155
=	-39.15 %

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	))
=	17.447	-	0.283	-	( 1.009	-	max(0, 6.721	-	17.199	+	1.009	))
=	16.155

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

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

Harmony Capital Services'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 )
=	-6.324	/	( ( (0 + max(0, 0))	+	(0 + max(-3.931, 0)) )	/	1 )
=	-6.324	/	( ( 0	+	0 )	/	1 )
=	-6.324	/	0
=	%

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)
=	(0	+	0	+	2.79)	-	(0.283	+	0	+	6.438)
=	-3.931

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:

Harmony Capital Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-3.101	/	196.750
	=	-1.58 %

Harmony Capital Services EBIT Related Terms

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Harmony Capital Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Harmony Capital Services Ltd (BOM:530055) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Andheri Kurla Road, A- 405, 4th Floor, A Wing, 215 Atrium Co-Operative Premises Society Ltd., Chakala Midc, Mumbai, MH, IND, 400093

Website

https://www.hcsl.co.in

Harmony Capital Services Ltd is a financial services company. The Company is engaged in investment activities and other financial services for corporations and individuals. The services include financial consultancy, lease and hire purchase syndication, bill discounting, inter-corporate deposits, bridge loan against a public issue or right issue, preparation of feasibility reports, capital structuring, mergers, acquisitions, and divestments, consultancy to the public, loan syndication with banks and financial institutions, and investment banking, among others. It operates in the business segment of Finance and Shares trading activity.

Harmony Capital Services Headlines

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