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Akme Fintrade (India) (BOM:544200) EBIT : ₹199.7 Mil (TTM As of Sep. 2024)


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What is Akme Fintrade (India) EBIT?

Akme Fintrade (India)'s earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was ₹199.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ₹199.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Akme Fintrade (India)'s annualized ROC % for the quarter that ended in Sep. 2024 was 7.21%. Akme Fintrade (India)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 238.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Akme Fintrade (India)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 5.03%.

Akme Fintrade (India) EBIT Historical Data

The historical data trend for Akme Fintrade (India)'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.

Akme Fintrade (India) EBIT Chart

Akme Fintrade (India) Annual Data
Trend Mar20 Mar21 Mar22 Mar23
EBIT
265.04 194.28 78.03 204.46

Akme Fintrade (India) Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Sep24
EBIT Get a 7-Day Free Trial - 83.03 121.44 116.06 199.74

Competitive Comparison of Akme Fintrade (India)'s EBIT

For the Credit Services subindustry, Akme Fintrade (India)'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.

Akme Fintrade (India)'s EV-to-EBIT Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Akme Fintrade (India)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Akme Fintrade (India)'s EV-to-EBIT falls into.


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Akme Fintrade (India) 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 semi-annually data reported by the company within the most recent 12 months, which was ₹199.7 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.

Akme Fintrade (India)  (BOM:544200) EBIT Explanation

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

Akme Fintrade (India)'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: Sep. 2023 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=399.486 * ( 1 - 12.75% )/( (0 + 4836.342)/ 1 )
=348.551535/4836.342
=7.21 %

where

Invested Capital(Q: Sep. 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: 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))
=5678.487 - 30.91 - ( 811.235 - max(0, 30.91 - 5375.661+811.235))
=4836.342

Note: The Operating Income data used here is two times the semi-annual (Sep. 2024) data.

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

Akme Fintrade (India)'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: Sep. 2023  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=399.486/( ( (0 + max(0, 0)) + (167.483 + max(-30.91, 0)) )/ 1 )
=399.486/( ( 0 + 167.483 )/ 1 )
=399.486/167.483
=238.52 %

where Working Capital is:

Working Capital(Q: Sep. 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: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (30.91 + 0 + 0)
=-30.91

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

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

Akme Fintrade (India)'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=199.743/3970.609
=5.03 %

* 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.

Akme Fintrade (India) EBIT Related Terms

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Akme Fintrade (India) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Akme Fintrade (India) Ltd (BOM:544200) » Definitions » EBIT
Comparable Companies
BOM:538476 BOM:512381 BOM:511066 BOM:512399 BOM:530579 BOM:540360 BOM:505850 BOM:538882 BOM:531310 BOM:538714 V MA AXP COF BOM:500034 PYPL DFS SYF BOM:543257 BOM:532810
Traded in Other Exchanges
AFIL:India
Address
608, The Summit - Business Bay, behind Guru Nank Petrol Pump, Opposite Cinemax, Prakashwadi Andheri East, Mumbai, MH, IND, 400069
Website
Akme Fintrade (India) Ltd is a non-banking finance company. It is engaged in rural and semi-urban centric lending solutions to look after the needs and aspirations of rural and semi-urban populace. The company's portfolio includes Vehicle Finance and Business Finance Products to small business owners and has footprints in rural and semi-urban geographies in 4 Indian states Rajasthan, Maharashtra, Madhya Pradesh and Gujarat.

Akme Fintrade (India) Headlines

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