AAVAS Financiers (NSE:AAVAS) EBIT : ₹4,501 Mil (TTM As of Mar. 2024)

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What is AAVAS Financiers EBIT?

AAVAS Financiers's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₹1,221 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹4,501 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AAVAS Financiers's annualized ROC % for the quarter that ended in Mar. 2024 was 2.67%. AAVAS Financiers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 572.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AAVAS Financiers's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.89%.

AAVAS Financiers EBIT Historical Data

The historical data trend for AAVAS Financiers'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.

AAVAS Financiers EBIT Chart

AAVAS Financiers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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3,044.32

3,547.33

4,558.83

3,975.62

4,500.70

AAVAS Financiers 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															1,164.94	1,099.14	1,114.74	1,065.66	1,221.16

Competitive Comparison of AAVAS Financiers's EBIT

For the Mortgage Finance subindustry, AAVAS Financiers'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.

AAVAS Financiers's EV-to-EBIT Distribution in the Banks Industry

For the Banks industry and Financial Services sector, AAVAS Financiers's EV-to-EBIT distribution charts can be found below:

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

AAVAS Financiers 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 ₹4,501 Mil.

AAVAS Financiers (NSE:AAVAS) EBIT Explanation

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

AAVAS Financiers'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 )
=	4884.644 * ( 1 - 19.67% )	/	( (0	+	146906.926)	/ 1 )
=	3923.8345252	/	146906.926
=	2.67 %

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	))
=	165194.536	-	309.394	-	( 17978.216	-	max(0, 309.394	-	158280.802	+	17978.216	))
=	146906.926

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

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

AAVAS Financiers'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 )
=	4884.644	/	( ( (0 + max(0, 0))	+	(853.838 + max(-172.66899999999, 0)) )	/	1 )
=	4884.644	/	( ( 0	+	853.838 )	/	1 )
=	4884.644	/	853.838
=	572.08 %

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)
=	(0	+	0	+	136.72500000001)	-	(309.394	+	0	+	0)
=	-172.66899999999

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:

AAVAS Financiers's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	4500.697	/	238504.506
	=	1.89 %

AAVAS Financiers EBIT Related Terms

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AAVAS Financiers (NSE:AAVAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » AAVAS Financiers Ltd (NSE:AAVAS) » Definitions » EBIT

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Traded in Other Exchanges

541988:India

Address

Mansarover Industrial Area, 201-202, 2nd Floor, Southend Square, Jaipur, RJ, IND, 302 020

Website

https://www.aavas.in

AAVAS Financiers Ltd is a housing finance company. The company provides housing loans to customers belonging to the low and middle-income and self-employed segments in suburban and rural India. Its only operating segment is Lending to borrowers. The company's product portfolio includes home loans, land purchases and construction, home improvement loans, home equity, micro, small, and medium enterprise loan, and others. It offers customers loans for the purchase or construction of residential properties and the extension and repair of existing housing units.

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