Gayatri Rubbers and Chemicals (NSE:GRCL) EBIT : ₹23.3 Mil (TTM As of Mar. 2024)

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What is Gayatri Rubbers and Chemicals EBIT?

Gayatri Rubbers and Chemicals's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was ₹23.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹23.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gayatri Rubbers and Chemicals's annualized ROC % for the quarter that ended in Mar. 2024 was 18.33%. Gayatri Rubbers and Chemicals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 25.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gayatri Rubbers and Chemicals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.88%.

Gayatri Rubbers and Chemicals EBIT Historical Data

The historical data trend for Gayatri Rubbers and Chemicals'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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Gayatri Rubbers and Chemicals EBIT Chart

Gayatri Rubbers and Chemicals Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

1.08

2.06

11.83

14.28

23.34

Gayatri Rubbers and Chemicals Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
EBIT	1.08	2.06	11.83	14.28	23.34

Competitive Comparison of Gayatri Rubbers and Chemicals's EBIT

For the Specialty Chemicals subindustry, Gayatri Rubbers and Chemicals'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.

Gayatri Rubbers and Chemicals's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Gayatri Rubbers and Chemicals's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Gayatri Rubbers and Chemicals's EV-to-EBIT falls into.

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Gayatri Rubbers and Chemicals 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. 2024 was ₹23.3 Mil.

Gayatri Rubbers and Chemicals (NSE:GRCL) EBIT Explanation

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

Gayatri Rubbers and Chemicals'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: Mar. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	23.914 * ( 1 - 25.53% )	/	( (77.362	+	116.999)	/ 2 )
=	17.8087558	/	97.1805
=	18.33 %

where

	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	))
=	106.197	-	8.929	-	( 19.906	-	max(0, 9.128	-	93.036	+	19.906	))
=	77.362

	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	))
=	128.544	-	7.417	-	( 4.128	-	max(0, 11.652	-	104.431	+	4.128	))
=	116.999

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

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

Gayatri Rubbers and Chemicals'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: Mar. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	23.344	/	( ( (10.307 + max(64.002, 0))	+	(21.576 + max(89.615, 0)) )	/	2 )
=	23.344	/	( ( 74.309	+	111.191 )	/	2 )
=	23.344	/	92.75
=	25.17 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(45.092	+	25.294	+	2.744)	-	(8.929	+	0	+	0.199)
=	64.002

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(50.183	+	46.596	+	3.524)	-	(7.417	+	0	+	3.271)
=	89.615

When net working capital is negative, 0 is used.

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

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

Gayatri Rubbers and Chemicals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	23.344	/	2640.541
	=	0.88 %

Gayatri Rubbers and Chemicals EBIT Related Terms

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Gayatri Rubbers and Chemicals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gayatri Rubbers and Chemicals Ltd (NSE:GRCL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Malerna Road, Plot No. 11, Gali No. 3, Opposite Beri ka Bagh, Ballabgarh, Faridabad, HR, IND, 121004

Website

https://www.gayatrirubberchemicals.com

Gayatri Rubbers and Chemicals Ltd is engaged in manufacturing and trading rubber products. The company's product portfolio includes Aluminium rubber profiles, Automobile rubber profiles, Sponge rubber components, Clear PVC profiles, Industrial rubber, and Railway sector rubber. Geographically, the company operates within India.