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Gretex Industries (NSE:GRETEX) EBIT : ₹0.0 Mil (TTM As of Mar. 2023)


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What is Gretex Industries EBIT?

Gretex Industries's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was ₹0.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was ₹0.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gretex Industries's annualized ROC % for the quarter that ended in Mar. 2023 was 0.00%. Gretex Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 0.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gretex Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 0.00%.

Gretex Industries EBIT Historical Data

The historical data trend for Gretex Industries'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.

Gretex Industries EBIT Chart

Gretex Industries Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
Get a 7-Day Free Trial Premium Member Only -0.82 3.59 3.93 9.38 137.40

Gretex Industries Semi-Annual Data
Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Mar23 Mar24
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 4.25 0.87 3.06 - -

Competitive Comparison of Gretex Industries's EBIT

For the Leisure subindustry, Gretex Industries'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.

Gretex Industries's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Gretex Industries's EV-to-EBIT distribution charts can be found below:

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


Gretex Industries 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹0.0 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.

Gretex Industries  (NSE:GRETEX) EBIT Explanation

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

Gretex Industries'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 )
=0 * ( 1 - 0% )/( (46.962 + 98.089)/ 2 )
=0/72.5255
=0.00 %

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))
=59.92 - 6.616 - ( 6.342 - max(0, 16.238 - 57.513+6.342))
=46.962

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))
=106.744 - 5.903 - ( 2.752 - max(0, 55.723 - 76.777+2.752))
=98.089

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

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

Gretex Industries'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 )
=0/( ( (0.453 + max(43.18, 0)) + (7.076 + max(62.714, 0)) )/ 2 )
=0/( ( 43.633 + 69.79 )/ 2 )
=0/56.7115
=0.00 %

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)
=(10.089 + 35.098 + 5.984) - (6.616 + 0 + 1.375)
=43.18

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(21.445 + 36.875 + 15.705) - (5.903 + 0 + 5.408)
=62.714

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2023) EBIT data.

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

Gretex Industries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=0/739.351
=0.00 %

* 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.

Gretex Industries EBIT Related Terms

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Gretex Industries Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Gretex Industries Ltd (NSE:GRETEX) » Definitions » EBIT
Comparable Companies
BOM:526628 BOM:526588 BOM:531338 BOM:538731 BOM:507265 BOM:531035 TSE:4661 HKSE:02020 TSE:7832 TSE:7309 HKSE:02331 MAT HAS PLNT TSE:7951 SZSE:300144 LSE:GAW HKSE:09992 YETI GOLF
Traded in Other Exchanges
N/A
Address
90, Phears Lane, 5th Floor, Kolkata, WB, IND, 700 012
Website
https://www.gretexindustries.com
Gretex Industries Ltd is engaged in the trading of musical instruments. The company's range of musical instruments includes; guitars, keyboards, piano, flute, violins, drums, and other percussion instruments. It also deals in equipment like microphones, headphones, amplifiers, studio monitor speakers, loudspeakers, mixers, and all types of accessories for pro audio and recording. The company is a distributor of brands like Yamaha, Daddario, Harman and Sennheiser, Alphatech, and amongst others.

Gretex Industries Headlines

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