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Canarys Automations (NSE:CANARYS) EBIT : ₹ Mil (TTM As of Mar. 2023)


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What is Canarys Automations EBIT?

Canarys Automations's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was ₹130.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Canarys Automations's annualized ROC % for the quarter that ended in Mar. 2023 was 29.81%. Canarys Automations's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 57.00%.

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


Canarys Automations EBIT Historical Data

The historical data trend for Canarys Automations'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.

Canarys Automations EBIT Chart

Canarys Automations Annual Data
Trend Mar21 Mar22 Mar23
EBIT
29.91 66.81 130.77

Canarys Automations Semi-Annual Data
Mar21 Mar22 Mar23
EBIT 29.91 66.81 130.77

Competitive Comparison of Canarys Automations's EBIT

For the Information Technology Services subindustry, Canarys Automations'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.


Canarys Automations's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Canarys Automations's EV-to-EBIT distribution charts can be found below:

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


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Canarys Automations 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.


Canarys Automations  (NSE:CANARYS) EBIT Explanation

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

Canarys Automations'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 )
=124.829 * ( 1 - 27.77% )/( (221.578 + 383.373)/ 2 )
=90.1639867/302.4755
=29.81 %

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))
=475.357 - 198.441 - ( 55.338 - max(0, 303.706 - 415.766+55.338))
=221.578

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))
=637.789 - 198.383 - ( 56.033 - max(0, 380.17 - 601.288+56.033))
=383.373

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

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

Canarys Automations'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 )
=130.773/( ( (8.648 + max(143.283, 0)) + (8.685 + max(298.217, 0)) )/ 2 )
=130.773/( ( 151.931 + 306.902 )/ 2 )
=130.773/229.4165
=57.00 %

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)
=(259.06 + 43.165 + 56.831) - (198.441 + 0 + 17.332)
=143.283

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(426.374 + 40.629 + 69.823) - (198.383 + 0 + 40.226)
=298.217

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:

Canarys Automations's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=/1650.250
= %

* 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.


Canarys Automations EBIT Related Terms

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Canarys Automations Business Description

Traded in Other Exchanges
N/A
Address
30th Main, Attimabbe Road, No. 566 & 567, 2nd Floor, Banagirinagara, Banashankari 3rd Stage, Bengaluru, KA, IND, 560085
Canarys Automations Ltd is a leading IT solutions provider. Its expertise lies in enabling digital transformation for businesses through its comprehensive range of software solutions in the space of Digitalization, Modernization, Automation and Intelligence.

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