Radiant Cash Management Services (BOM:543732) EBIT : ₹579 Mil (TTM As of Jun. 2024)

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What is Radiant Cash Management Services EBIT?

Radiant Cash Management Services's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was ₹155 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was ₹579 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Radiant Cash Management Services's annualized ROC % for the quarter that ended in Jun. 2024 was 25.91%. Radiant Cash Management Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 50.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Radiant Cash Management Services's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 7.70%.

Radiant Cash Management Services EBIT Historical Data

The historical data trend for Radiant Cash Management 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.

Radiant Cash Management Services EBIT Chart

Radiant Cash Management Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

533.61

467.11

551.16

849.94

617.63

Radiant Cash Management Services Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
EBIT	Get a 7-Day Free Trial							194.04	139.63	163.09	120.87	155.13

Competitive Comparison of Radiant Cash Management Services's EBIT

For the Specialty Business Services subindustry, Radiant Cash Management 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.

Radiant Cash Management Services's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Radiant Cash Management Services's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Radiant Cash Management Services's EV-to-EBIT falls into.

Radiant Cash Management 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹579 Mil.

Radiant Cash Management Services (BOM:543732) EBIT Explanation

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

Radiant Cash Management Services's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2024 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	569.36 * ( 1 - 27.99% )	/	( (1582.37	+	0)	/ 1 )
=	409.996136	/	1582.37
=	25.91 %

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	))
=	3149.22	-	196.69	-	( 1370.16	-	max(0, 555.18	-	2555.95	+	1370.16	))
=	1582.37

	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

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

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

Radiant Cash Management Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2024		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	620.52	/	( ( (366.84 + max(865.29, 0))	+	(0 + max(0, 0)) )	/	1 )
=	620.52	/	( ( 1232.13	+	0 )	/	1 )
=	620.52	/	1232.13
=	50.36 %

where Working Capital is:

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(771.11	+	8.61	+	370.18)	-	(196.69	+	0	+	87.92)
=	865.29

	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

When net working capital is negative, 0 is used.

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

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

Radiant Cash Management Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	578.72	/	7513.777
	=	7.70 %

Radiant Cash Management Services EBIT Related Terms

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Radiant Cash Management Services Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

RADIANTCMS:India

Address

No. 4/3 Raju Nagar, First Street, Old Mahabalipuram Road, Radiant Building, Okkiyam Thoraipakkam, OMR, Chennai, TN, IND, 600 009

Website

https://www.radiantcashservices.com

Radiant Cash Management Services Ltd is an integrated cash logistics player with a presence in retail cash management. The company operates its business across five verticals, namely cash pick-up and delivery; network currency management (also known as cash burial in industry parlance); cash processing; cash vans /cash in transit and other value-added services. Its clients include some of the foreign, private and public sector banks, and the end user of services include some of the e-commerce companies, retail chains, NBFCs, insurance firms, e-commerce logistics players, railways and retail petroleum distribution outlets. The company generates the majority of its revenue from Cash Pick and Delivery services.

Radiant Cash Management Services Headlines

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