Fedders Electric and Engineering (NSE:FEDDERELEC) EBIT : ₹926 Mil (TTM As of Mar. 2024)

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What is Fedders Electric and Engineering EBIT?

Fedders Electric and Engineering's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₹131 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹926 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fedders Electric and Engineering's annualized ROC % for the quarter that ended in Mar. 2024 was 2.93%. Fedders Electric and Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 18.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fedders Electric and Engineering's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 147.72%.

Fedders Electric and Engineering EBIT Historical Data

The historical data trend for Fedders Electric and Engineering'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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Fedders Electric and Engineering EBIT Chart

Fedders Electric and Engineering Annual Data

Trend

Jun15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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-486.00

-539.80

7,471.50

230.30

928.00

Fedders Electric and Engineering 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															150.10	40.20	333.20	421.20	131.40

Competitive Comparison of Fedders Electric and Engineering's EBIT

For the Specialty Industrial Machinery subindustry, Fedders Electric and Engineering'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.

Fedders Electric and Engineering's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fedders Electric and Engineering's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Fedders Electric and Engineering's EV-to-EBIT falls into.

Fedders Electric and Engineering 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 ₹926 Mil.

Fedders Electric and Engineering (NSE:FEDDERELEC) EBIT Explanation

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

Fedders Electric and Engineering'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 )
=	115.6 * ( 1 - 0% )	/	( (0	+	3949.4)	/ 1 )
=	115.6	/	3949.4
=	2.93 %

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	))
=	4072	-	33.8	-	( 88.8	-	max(0, 655.6	-	3072.4	+	88.8	))
=	3949.4

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

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

Fedders Electric and Engineering'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 )
=	525.6	/	( ( (0 + max(0, 0))	+	(965 + max(1842.4, 0)) )	/	1 )
=	525.6	/	( ( 0	+	2807.4 )	/	1 )
=	525.6	/	2807.4
=	18.72 %

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)
=	(1426.9	+	204.5	+	307.2)	-	(33.8	+	0	+	62.4)
=	1842.4

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:

Fedders Electric and Engineering's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	926	/	626.861
	=	147.72 %

Fedders Electric and Engineering EBIT Related Terms

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Fedders Electric and Engineering (NSE:FEDDERELEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fedders Electric and Engineering Ltd (NSE:FEDDERELEC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

C-4, Noida Phase-II, Gautam Buddh Nagar, Noida, UP, IND, 201305

Website

http://www.fedderselectric.com

Fedders Electric and Engineering Ltd is engaged in the fabrication of steel structures and implementation of high power transmission lines in India and internationally. It operates through three segments: Environmental Control Systems, Steel Structures and Engineering, and Power Transmission and Distribution and Overhead Electrification. The company's products are classified into Transport Products Division and Railways, Defense and Telecom AC Products Division.

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