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Aeron Composite (NSE:AERON) EBIT : ₹ Mil (TTM As of Mar. 2023)


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What is Aeron Composite EBIT?

Aeron Composite's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was ₹110 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aeron Composite's annualized ROC % for the quarter that ended in Mar. 2023 was 19.07%. Aeron Composite's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 35.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Aeron Composite EBIT Historical Data

The historical data trend for Aeron Composite'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.

Aeron Composite EBIT Chart

Aeron Composite Annual Data
Trend Mar21 Mar22 Mar23
EBIT
45.53 59.21 109.78

Aeron Composite Semi-Annual Data
Mar21 Mar22 Mar23
EBIT 45.53 59.21 109.78

Competitive Comparison of Aeron Composite's EBIT

For the Conglomerates subindustry, Aeron Composite'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.

Aeron Composite's EV-to-EBIT Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Aeron Composite's EV-to-EBIT distribution charts can be found below:

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


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Aeron Composite 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. 2023 was ₹ 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.

Aeron Composite  (NSE:AERON) EBIT Explanation

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

Aeron Composite's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

ROC % (Q: Mar. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=101.744 * ( 1 - 30.85% )/( (312.704 + 425.283)/ 2 )
=70.355976/368.9935
=19.07 %

where

Invested Capital(Q: Mar. 2022 )
=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))
=606.323 - 289.441 - ( 4.178 - max(0, 413.174 - 509.934+4.178))
=312.704

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))
=691.021 - 246.672 - ( 19.066 - max(0, 421.454 - 577.622+19.066))
=425.283

Note: The Operating Income data used here is one times the annual (Mar. 2023) data.

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

Aeron Composite's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=109.777/( ( (80.386 + max(181.285, 0)) + (95.984 + max(266.896, 0)) )/ 2 )
=109.777/( ( 261.671 + 362.88 )/ 2 )
=109.777/312.2755
=35.15 %

where Working Capital is:

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(207.173 + 216.954 + 76.996) - (289.441 + 0 + 30.397)
=181.285

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(310.766 + 191.23 + 55.729) - (246.672 + 0 + 44.157)
=266.896

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

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

Aeron Composite's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=/2353.294
= %

* 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.

Aeron Composite EBIT Related Terms

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Aeron Composite Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Aeron Composite Ltd (NSE:AERON) » Definitions » EBIT
Comparable Companies
BOM:533168 BOM:506530 BOM:500159 BOM:512131 BOM:531216 BOM:533090 BOM:531918 NSE:AVSL BOM:538875 BOM:531127 ADX:IHC HON TSE:6501 MMM TSE:8058 TSE:8001 TSE:8031 HKSE:00267 ADX:ALPHADHABI TSE:8053
Traded in Other Exchanges
N/A
Address
Sarkhej Bavla Highway, Saket Industrial Estate, Plot No. 30/31, Opposite HOF Furniture, Changodar, Moraiya, GJ, IND, 382213
Website
https://www.aeroncomposite.com
Aeron Composite Ltd is engaged in the business of manufacturing and supplying ceramic refractories, FRP/GRP composites, ceramic tiles, waterjet and laser cutting machines, paints, and lime. It offers complete solutions which include conceptual design, prototype development, testing, manufacturing, logistic support, installation, and comprehensive after sales service. The company's products are used in various markets and applications such as water and waste water, metals and mining, oil and gas, pulp and paper, transportation, telecommunications, pharmaceutical, chemical, etc. Geographically, it caters to both the domestic and the international markets of which, maximum revenue is derived from its customers located outside India.

Aeron Composite Headlines

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