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Electro Force (India) (NSE:EFORCE) EBIT : ₹83.5 Mil (TTM As of Mar. 2024)


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What is Electro Force (India) EBIT?

Electro Force (India)'s earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was ₹-11.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹83.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Electro Force (India)'s annualized ROC % for the quarter that ended in Mar. 2024 was -2.81%. Electro Force (India)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -5.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Electro Force (India)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 11.15%.

Electro Force (India) EBIT Historical Data

The historical data trend for Electro Force (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.

Electro Force (India) EBIT Chart

Electro Force (India) Annual Data
Trend Mar21 Mar22 Mar23 Mar24
EBIT
-22.72 105.95 110.38 83.46

Electro Force (India) Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24
EBIT - - - 95.02 -11.57

Competitive Comparison of Electro Force (India)'s EBIT

For the Electrical Equipment & Parts subindustry, Electro Force (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.

Electro Force (India)'s EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Electro Force (India)'s EV-to-EBIT distribution charts can be found below:

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


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Electro Force (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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹83.5 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.

Electro Force (India)  (NSE:EFORCE) EBIT Explanation

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

Electro Force (India)'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: Sep. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-24.742 * ( 1 - 16.01% )/( (694.876 + 781.649)/ 2 )
=-20.7808058/738.2625
=-2.81 %

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))
=782.7 - 76.052 - ( 11.772 - max(0, 526.155 - 744.633+11.772))
=694.876

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))
=856.452 - 63.293 - ( 11.51 - max(0, 153.598 - 813.529+11.51))
=781.649

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

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

Electro Force (India)'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: Sep. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-23.132/( ( (30.934 + max(206.673, 0)) + (27.59 + max(648.386, 0)) )/ 2 )
=-23.132/( ( 237.607 + 675.976 )/ 2 )
=-23.132/456.7915
=-5.06 %

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)
=(53.052 + 109.345 + 570.431) - (76.052 + 0 + 450.103)
=206.673

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(42.104 + 98.235 + 661.645) - (63.293 + 0 + 90.305)
=648.386

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=83.457/748.728
=11.15 %

* 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.

Electro Force (India) EBIT Related Terms

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Electro Force (India) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Electro Force (India) Ltd (NSE:EFORCE) » Definitions » EBIT
Comparable Companies
NSE:MARCO BOM:535719 BOM:542668 NSE:SEL BOM:517096 NSE:VDEAL NSE:GODHA BOM:539760 BOM:542679 BOM:540651 SZSE:300750 XSWX:ABBN XKRX:373220 HAM:OSR TSE:6503 BSP:WEGE3 VRT XPAR:LR SZSE:300124 BKK:DELTA
Traded in Other Exchanges
N/A
Address
39/5, Mauje Waliv Vasai (East), Taluka - Vasai East, District - Palghar, Thane, MH, IND, 401 208
Website
https://www.electroforceindia.com
Electro Force (India) Ltd is engaged in designing and manufacturing precision sheet metal components, plastic injection moldings, and related assemblies. It includes product designing, prototyping, and process development for precision sheet metal components & plastic products & assemblies for the electrical & switchgear industry. The Company conducts its business in only one Geographical Segment which is India.

Electro Force (India) Headlines

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