Future Retail (NSE:FRETAIL) EBIT: ₹-29,138 Mil (TTM As of Dec. 2021)


NSE:FRETAIL Future Retail Ltd NSE:FRETAIL
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Price ₹2.28
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What is Future Retail EBIT?

Future Retail NSE:FRETAIL 4 EBIT is ₹-29,138 Mil as of Dec. 2021. GuruFocus rates NSE:FRETAIL with a GF Score™ of 4/100.

Future Retail's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2021 was ₹-7,191 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2021 was ₹-29,138 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Future Retail's annualized ROC % for the quarter that ended in Dec. 2021 was -15.47%. Future Retail's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was -28.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Future Retail's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was -2,356.63%.

Future Retail  (NSE:FRETAIL) EBIT Explanation

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

Future Retail's annualized ROC % for the quarter that ended in Dec. 2021 is calculated as:

ROC % (Q: Dec. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2021 ) + Invested Capital (Q: Dec. 2021 ))/ count )
=-29202 * ( 1 - 0% )/( (188749.4 + 0)/ 1 )
=-29202/188749.4
=-15.47 %

where

Invested Capital(Q: Sep. 2021 )
=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))
=177270 - 32186 - ( 2775.7 - max(0, 141425.8 - 97760.4+2775.7))
=188749.4

Invested Capital(Q: Dec. 2021 )
=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

Note: The Operating Income data used here is four times the quarterly (Dec. 2021) data.

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

Future Retail's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2021  Q: Dec. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-28762.8/( ( (57290.9 + max(45151, 0)) + (0 + max(0, 0)) )/ 1 )
=-28762.8/( ( 102441.9 + 0 )/ 1 )
=-28762.8/102441.9
=-28.08 %

where Working Capital is:

Working Capital(Q: Sep. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4242.4 + 35132.2 + 55610.1) - (32186 + 0 + 17647.7)
=45151

Working Capital(Q: Dec. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2021) EBIT data.

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

Future Retail's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2021 )
=-29137.6/1236.408
=-2,356.63 %

* 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.

Future Retail EBIT Related Terms

Future Retail EBIT Historical Data

* Premium members only.

The historical data trend for Future Retail'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.

Future Retail EBIT Chart

Future Retail Annual Data
Trend Dec11 Dec12 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
EBIT
Get a 7-Day Free Trial Premium Member Only 5,662.80 1,784.30 9,470.60 10,194.70 -17,074.40

Future Retail Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4,438.40 -6,493.40 -7,928.60 -7,524.90 -7,190.70

NSE:FRETAIL vs M, KSS, DDS: EBIT Comparison

For the Department Stores subindustry, Future Retail'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.

Future Retail EV-to-EBIT vs Retail - Cyclical Industry

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

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


NSE:FRETAIL
4GF Score
Future Retail Ltd NSE:FRETAIL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Future Retail 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 Dec. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-29,138 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹-29,138 Mil mean?
Future Retail (NSE:FRETAIL) has a EBIT of ₹-29,138 Mil as of Dec. 2021. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Future Retail.
Is Future Retail's EBIT too high?
Future Retail's current EBIT is ₹-29,138 Mil. Overall, Future Retail has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Future Retail's EBIT compare to M and KSS?
Future Retail's EBIT of ₹-29,138 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Retail - Cyclical company?
A good EBIT depends on the Retail - Cyclical industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Future Retail. Future Retail's current EBIT is ₹-29,138 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Future Retail stock overvalued right now?
Future Retail (NSE:FRETAIL) has a current EBIT of ₹-29,138 Mil. The current EBIT is ₹-29,138 Mil. Future Retail's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Future Retail (NSE:FRETAIL), the current EBIT is ₹-29,138 Mil as of Dec. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Future Retail Business Description

Address Off. Jogeshwari-Vikhroli Link Road, Knowledge House, Shyam Nagar, Jogeshwari (East), Mumbai, MH, IND, 400 060
Future Retail Ltd is an India-based company engaged in the business of multi-brand retail trading. The company's store networks are operated under various brand names, including Big Bazaar, easyday, fbb, and Foodhall. The company focuses on the hypermarket, supermarket, and home solutions segment.
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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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