Fortis Healthcare (BOM:532843) EBIT : ₹9,889 Mil (TTM As of Mar. 2024)

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What is Fortis Healthcare EBIT?

Fortis Healthcare's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₹3,061 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹9,889 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fortis Healthcare's annualized ROC % for the quarter that ended in Mar. 2024 was 6.06%. Fortis Healthcare's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 21.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fortis Healthcare's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.71%.

Fortis Healthcare EBIT Historical Data

The historical data trend for Fortis Healthcare'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.

Fortis Healthcare EBIT Chart

Fortis Healthcare Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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4,191.65

1,917.85

11,150.61

9,427.70

9,889.20

Fortis Healthcare 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															2,151.30	2,022.20	2,645.20	2,161.10	3,060.70

Competitive Comparison of Fortis Healthcare's EBIT

For the Medical Care Facilities subindustry, Fortis Healthcare'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.

Fortis Healthcare's EV-to-EBIT Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Fortis Healthcare's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Fortis Healthcare's EV-to-EBIT falls into.

Fortis Healthcare 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 ₹9,889 Mil.

Fortis Healthcare (BOM:532843) EBIT Explanation

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

Fortis Healthcare'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 )
=	11552.4 * ( 1 - 25.15% )	/	( (0	+	142718.1)	/ 1 )
=	8646.9714	/	142718.1
=	6.06 %

where

	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

	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	))
=	132887.8	-	7665.5	-	( 6360.3	-	max(0, 31701.7	-	14205.9	+	6360.3	))
=	142718.1

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

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

Fortis Healthcare'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 )
=	12242.8	/	( ( (0 + max(0, 0))	+	(58080.2 + max(-22179.9, 0)) )	/	1 )
=	12242.8	/	( ( 0	+	58080.2 )	/	1 )
=	12242.8	/	58080.2
=	21.08 %

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)
=	(6278.3	+	1074.2	+	477.3)	-	(7665.5	+	0	+	22344.2)
=	-22179.9

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:

Fortis Healthcare's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	9889.2	/	364512.231
	=	2.71 %

Fortis Healthcare EBIT Related Terms

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Fortis Healthcare (BOM:532843) Business Description

Industry

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Comparable Companies

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FORTIS:India

Address

Tower - A, Unitech Business Park, Block - F, South City 1, Sector - 41, Gurugram, HR, IND, 122001

Website

https://www.fortishealthcare.com

Fortis Healthcare Ltd provides integrated healthcare delivery services in India. The company manages healthcare centers including hospitals, diagnostics, and day care specialty facilities. The company's most prominent specialty in its hospital business is cardiac sciences. The Company is primarily engaged in the business of healthcare services which is the only reportable segment. The company's key hospitals include Fortis Escorts Heart Institute in Dehli, Fortis Mulund in Mumbai, and Fortis Hospital in Bengaluru. A majority of the company's revenue is derived from India.

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