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Bannari Amman Spinning Mills (BOM:532674) EBIT : ₹193 Mil (TTM As of Mar. 2024)


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What is Bannari Amman Spinning Mills EBIT?

Bannari Amman Spinning Mills's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₹-199 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹193 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bannari Amman Spinning Mills's annualized ROC % for the quarter that ended in Mar. 2024 was -8.92%. Bannari Amman Spinning Mills's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -8.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bannari Amman Spinning Mills's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.57%.


Bannari Amman Spinning Mills EBIT Historical Data

The historical data trend for Bannari Amman Spinning Mills'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.

Bannari Amman Spinning Mills EBIT Chart

Bannari Amman Spinning Mills 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 783.93 473.03 1,356.54 -40.55 193.18

Bannari Amman Spinning Mills Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -293.22 106.59 136.48 149.17 -199.06

Competitive Comparison of Bannari Amman Spinning Mills's EBIT

For the Textile Manufacturing subindustry, Bannari Amman Spinning Mills'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.


Bannari Amman Spinning Mills's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bannari Amman Spinning Mills's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Bannari Amman Spinning Mills's EV-to-EBIT falls into.



Bannari Amman Spinning Mills 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹193 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.


Bannari Amman Spinning Mills  (BOM:532674) EBIT Explanation

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

Bannari Amman Spinning Mills's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-1239.992 * ( 1 - 20.69% )/( (0 + 11021.349)/ 1 )
=-983.4376552/11021.349
=-8.92 %

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))
=12282.39 - 993.163 - ( 267.878 - max(0, 5412.921 - 7179.135+267.878))
=11021.349

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

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

Bannari Amman Spinning Mills's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-796.232/( ( (0 + max(0, 0)) + (4904.094 + max(4370.985, 0)) )/ 1 )
=-796.232/( ( 0 + 9275.079 )/ 1 )
=-796.232/9275.079
=-8.58 %

where Working Capital is:

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

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1672.526 + 2114.84 + 3121.942) - (993.163 + 0 + 1545.16)
=4370.985

When net working capital is negative, 0 is used.

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

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

Bannari Amman Spinning Mills's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=193.177/7529.095
=2.57 %

* 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.


Bannari Amman Spinning Mills EBIT Related Terms

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Bannari Amman Spinning Mills (BOM:532674) Business Description

Traded in Other Exchanges
Address
252, Mettupalayam Road, Coimbatore, TN, IND, 641 043
Bannari Amman Spinning Mills Ltd is engaged in the manufacturing of grey woven fabrics, knitted fabrics, and cotton yarn. The company is also engaged in the business of processing fabrics, garments and wind power generation for captive consumption. It operates through the Textiles segment. Its divisions include Spinning, Weaving, Knitting, Processing, Garments, Home Textiles and Wind. The products offered by the company include Mercerised polos, Hoodies, Bed linen set, Baby bath towels and Baby duvet cover. Geographically, the group has a business presence in India and other countries, from which key revenue is derived within India.

Bannari Amman Spinning Mills (BOM:532674) Headlines

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