Vax Housing Finance (BOM:531650) EBIT : ₹-0.09 Mil (TTM As of Sep. 2022)

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What is Vax Housing Finance EBIT?

Vax Housing Finance's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was ₹0.02 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was ₹-0.09 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vax Housing Finance's annualized ROC % for the quarter that ended in Sep. 2022 was 0.02%. Vax Housing Finance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was 1.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vax Housing Finance's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -0.27%.

Vax Housing Finance EBIT Historical Data

The historical data trend for Vax Housing Finance'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.

Vax Housing Finance EBIT Chart

Vax Housing Finance Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

EBIT

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0.03

0.05

0.07

-0.01

-0.02

Vax Housing Finance Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
EBIT	Get a 7-Day Free Trial															0.02	0.02	-0.04	-0.09	0.02

Competitive Comparison of Vax Housing Finance's EBIT

For the Credit Services subindustry, Vax Housing Finance'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.

Vax Housing Finance's EV-to-EBIT Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Vax Housing Finance's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Vax Housing Finance's EV-to-EBIT falls into.

Vax Housing Finance 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-0.09 Mil.

Vax Housing Finance (BOM:531650) EBIT Explanation

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

Vax Housing Finance's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:

	ROC % (Q: Sep. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Sep. 2022 ))	/ count )
=	0.092 * ( 1 - 0% )	/	( (0	+	434.813)	/ 1 )
=	0.092	/	434.813
=	0.02 %

where

	Invested Capital		(Q: Jun. 2022 )
=	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. 2022 )
=	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	))
=	435.329	-	0	-	( 0.516	-	max(0, 0.177	-	8.62	+	0.516	))
=	434.813

Note: The Operating Income data used here is four times the quarterly (Sep. 2022) data.

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

Vax Housing Finance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Sep. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.092	/	( ( (0 + max(0, 0))	+	(0.095 + max(7.927, 0)) )	/	1 )
=	0.092	/	( ( 0	+	8.022 )	/	1 )
=	0.092	/	8.022
=	1.15 %

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(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. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.998	+	0	+	0.106)	-	(0	+	0	+	0.177)
=	7.927

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

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

Vax Housing Finance's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2022 )
	=	-0.094	/	35.134
	=	-0.27 %

Vax Housing Finance EBIT Related Terms

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Vax Housing Finance (BOM:531650) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Vax Housing Finance Corp Ltd (BOM:531650) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

301, Simandhar Estate, Near Sakar 3, Income Tax, Ahmedabad, GJ, IND, 380009

Website

http://www.vaxhousing.com

Vax Housing Finance Corp Ltd is engaged in credit services. The firm generates its revenue in the form of interest.

Vax Housing Finance (BOM:531650) Headlines

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