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Forcas Studio (NSE:FORCAS) EBIT : ₹ Mil (TTM As of Mar. 2023)


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What is Forcas Studio EBIT?

Forcas Studio's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was ₹40.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Forcas Studio's annualized ROC % for the quarter that ended in Mar. 2023 was 6.73%. Forcas Studio's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 14.74%.

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

Forcas Studio EBIT Historical Data

The historical data trend for Forcas Studio'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.

Forcas Studio EBIT Chart

Forcas Studio Annual Data
Trend Mar21 Mar22 Mar23
EBIT
30.89 32.39 40.60

Forcas Studio Semi-Annual Data
Mar21 Mar22 Mar23
EBIT 30.89 32.39 40.60

Competitive Comparison of Forcas Studio's EBIT

For the Apparel Retail subindustry, Forcas Studio'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.

Forcas Studio's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Forcas Studio's EV-to-EBIT distribution charts can be found below:

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


Forcas Studio 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.

Forcas Studio  (NSE:FORCAS) EBIT Explanation

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

Forcas Studio'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 )
=21.671 * ( 1 - -2.3% )/( (331.148 + 327.783)/ 2 )
=22.169433/329.4655
=6.73 %

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))
=433.327 - 98.056 - ( 4.123 - max(0, 280.549 - 386.097+4.123))
=331.148

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))
=392.385 - 62.609 - ( 1.993 - max(0, 255.738 - 328.999+1.993))
=327.783

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

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

Forcas Studio'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 )
=40.598/( ( (10.065 + max(273.73, 0)) + (13.773 + max(253.175, 0)) )/ 2 )
=40.598/( ( 283.795 + 266.948 )/ 2 )
=40.598/275.3715
=14.74 %

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)
=(57.331 + 293.373 + 31.27) - (98.056 + 0 + 10.188)
=273.73

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(116.66 + 180.884 + 29.462) - (62.609 + 0 + 11.222)
=253.175

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:

Forcas Studio's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=/1620.249
= %

* 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.

Forcas Studio EBIT Related Terms

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Forcas Studio Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Forcas Studio Ltd (NSE:FORCAS) » Definitions » EBIT
Comparable Companies
BOM:539661 BOM:540210 BOM:540615 BOM:543613 NSE:SSDL XMAD:ITX TJX TSE:9983 ROST LULU BOM:500251 BURL LSE:NXT GAP TSX:ATZ LSE:JD. ANF TSE:2670 URBN TSE:8227
Traded in Other Exchanges
N/A
Address
Budge Budge Trunk Road, B-3 71C/161, Tara Maa Tower, Khalpole, South 24 Parganas, Thakurpur, Mahestola, WB, IND, 700 142
Website
https://www.focasstudio.in
Forcas Studio Ltd sells men's clothing, including shirts, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. The company provides these products online and in bulk to customers all over India. It also offers white-labelling services for other brands, such as Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail, and more. The company sells its products through online platforms under the brand name of FTX' Tribe and Conteno.

Forcas Studio Headlines

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