Globe Textiles (India) (NSE:GLOBE) EBIT : ₹159 Mil (TTM As of Dec. 2023)

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What is Globe Textiles (India) EBIT?

Globe Textiles (India)'s earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₹54 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₹159 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Globe Textiles (India)'s annualized ROC % for the quarter that ended in Dec. 2023 was 10.12%. Globe Textiles (India)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Globe Textiles (India)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.08%.

Globe Textiles (India) EBIT Historical Data

The historical data trend for Globe Textiles (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.

Globe Textiles (India) EBIT Chart

Globe Textiles (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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108.48

99.27

72.48

146.03

151.02

Globe Textiles (India) Quarterly Data
	Sep18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															35.93	14.43	44.66	45.82	53.63

Competitive Comparison of Globe Textiles (India)'s EBIT

For the Textile Manufacturing subindustry, Globe Textiles (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.

Globe Textiles (India)'s EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Globe Textiles (India)'s EV-to-EBIT distribution charts can be found below:

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

Globe Textiles (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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹159 Mil.

Globe Textiles (India) (NSE:GLOBE) EBIT Explanation

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

Globe Textiles (India)'s annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	208.964 * ( 1 - 17.6% )	/	( (1701.448	+	0)	/ 1 )
=	172.186336	/	1701.448
=	10.12 %

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	))
=	3100.225	-	1381.892	-	( 16.885	-	max(0, 2302.189	-	2792.078	+	16.885	))
=	1701.448

	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

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Globe Textiles (India)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	214.528	/	( ( (297.274 + max(1365.42, 0))	+	(0 + max(0, 0)) )	/	1 )
=	214.528	/	( ( 1662.694	+	0 )	/	1 )
=	214.528	/	1662.694
=	12.90 %

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)
=	(1711.778	+	943.357	+	119.859)	-	(1381.892	+	0	+	27.682)
=	1365.42

	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

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	158.541	/	1745.688
	=	9.08 %

Globe Textiles (India) EBIT Related Terms

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Globe Textiles (India) (NSE:GLOBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Globe Textiles (India) Ltd (NSE:GLOBE) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Ahmedabad Apparel Park, Plot No. 38 to 41, GIDC Khokhra, Ahmedabad, GJ, IND, 380008

Website

http://www.globetextiles.net

Globe Textiles (India) Ltd manufactures, supplies, and trades textile and apparel products and services from fiber to fashion. The company products include Denim and Non-Denim Fabrics, Shirting Fabrics, Printed Fabrics, Home Textiles, Jeans, and Yarns. The company has its operations in India and outside India.

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