ABS Marine Services (NSE:ABSMARINE) EBIT : ₹304 Mil (TTM As of Mar. 2024)

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What is ABS Marine Services EBIT?

ABS Marine Services's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was ₹304 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹304 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ABS Marine Services's annualized ROC % for the quarter that ended in Mar. 2024 was 20.25%. ABS Marine Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 29.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ABS Marine Services's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.52%.

ABS Marine Services EBIT Historical Data

The historical data trend for ABS Marine 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.

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ABS Marine Services EBIT Chart

ABS Marine Services Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

EBIT

67.75

141.90

165.80

303.94

ABS Marine Services Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
EBIT	67.75	141.90	165.80	303.94

Competitive Comparison of ABS Marine Services's EBIT

For the Marine Shipping subindustry, ABS Marine 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.

ABS Marine Services's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ABS Marine Services's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where ABS Marine Services's EV-to-EBIT falls into.

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ABS Marine 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₹304 Mil.

ABS Marine Services (NSE:ABSMARINE) EBIT Explanation

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

ABS Marine Services'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: Mar. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	314.75 * ( 1 - 3.46% )	/	( (1411.841	+	1589.666)	/ 2 )
=	303.85965	/	1500.7535
=	20.25 %

where

	Invested Capital		(Q: Mar. 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	))
=	1755.25	-	244.711	-	( 235.802	-	max(0, 443.556	-	542.254	+	235.802	))
=	1411.841

	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	))
=	1848.099	-	82.36	-	( 176.073	-	max(0, 303.77	-	629.681	+	176.073	))
=	1589.666

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

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

ABS Marine Services'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: Mar. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	303.938	/	( ( (857.995 + max(55.239, 0))	+	(817.582 + max(335.108, 0)) )	/	2 )
=	303.938	/	( ( 913.234	+	1152.69 )	/	2 )
=	303.938	/	1032.962
=	29.42 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(242.13	+	0	+	59.777)	-	(244.711	+	0	+	1.9569999999999)
=	55.239

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(320.59	+	0	+	129.687)	-	(82.36	+	0	+	32.809)
=	335.108

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Mar. 2024) EBIT data.

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

ABS Marine Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	303.938	/	2888.673
	=	10.52 %

ABS Marine Services EBIT Related Terms

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ABS Marine Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ABS Marine Services Ltd (NSE:ABSMARINE) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Flat No. 3, Anugraha Foundation, No. 15, Valliammal Road, Vepery, Chennai, TN, IND, 600007

Website

https://www.absmarine.com

ABS Marine Services Ltd is engaged in Shipping Industry. It has 5 owned vessels comprising of 2 advanced offshore vessels servcing the Oil & Gas sector & 3 Harbour Crafts serving the Indian Ports sector and one long term chartered specialised multipurpose offshore vessel serving the Oil & Gas Sector. In addition, it is carrying out total ship management of 12 vessels on behalf of Government, public sector undertakings, private companies and port authorities, providing crew management services to a further 24 ships comprising Oil Tankers, Gas Tankers, Bulk Carriers, Passenger Vessels and High Speed Crafts. It is a fully integrated company with in-house complete vessel management including commercial management.

ABS Marine Services Headlines

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