Johnson Controls - Hitachi Air Conditioning India (NSE:JCHAC) EBIT : ₹-824 Mil (TTM As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Johnson Controls - Hitachi Air Conditioning India EBIT?

Johnson Controls - Hitachi Air Conditioning India's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₹670 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-824 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Johnson Controls - Hitachi Air Conditioning India's annualized ROC % for the quarter that ended in Mar. 2024 was 24.84%. Johnson Controls - Hitachi Air Conditioning India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 53.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Johnson Controls - Hitachi Air Conditioning India's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1.59%.

Johnson Controls - Hitachi Air Conditioning India EBIT Historical Data

The historical data trend for Johnson Controls - Hitachi Air Conditioning 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.

Johnson Controls - Hitachi Air Conditioning India EBIT Chart

Johnson Controls - Hitachi Air Conditioning India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

Get a 7-Day Free Trial

1,233.30

569.90

317.10

-976.60

-823.60

Johnson Controls - Hitachi Air Conditioning India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															47.10	-495.10	-695.80	-302.80	670.10

Competitive Comparison of Johnson Controls - Hitachi Air Conditioning India's EBIT

For the Furnishings, Fixtures & Appliances subindustry, Johnson Controls - Hitachi Air Conditioning 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.

Johnson Controls - Hitachi Air Conditioning India's EV-to-EBIT Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Johnson Controls - Hitachi Air Conditioning India's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Johnson Controls - Hitachi Air Conditioning India's EV-to-EBIT falls into.

Johnson Controls - Hitachi Air Conditioning 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-824 Mil.

Johnson Controls - Hitachi Air Conditioning India (NSE:JCHAC) EBIT Explanation

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

Johnson Controls - Hitachi Air Conditioning India'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: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	2633.6 * ( 1 - 24.97% )	/	( (0	+	7953.9)	/ 1 )
=	1975.99008	/	7953.9
=	24.84 %

where

	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

	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	))
=	16572.2	-	7890.1	-	( 728.2	-	max(0, 9682.5	-	11627.4	+	728.2	))
=	7953.9

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

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

Johnson Controls - Hitachi Air Conditioning India'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: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2680.4	/	( ( (0 + max(0, 0))	+	(3759.7 + max(1297.9, 0)) )	/	1 )
=	2680.4	/	( ( 0	+	5057.6 )	/	1 )
=	2680.4	/	5057.6
=	53.00 %

where Working Capital is:

	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

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3788.3	+	6560.5	+	495.9)	-	(7890.1	+	0	+	1656.7)
=	1297.9

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Johnson Controls - Hitachi Air Conditioning India's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-823.6	/	51738.851
	=	-1.59 %

Johnson Controls - Hitachi Air Conditioning India EBIT Related Terms

Thank you for viewing the detailed overview of Johnson Controls - Hitachi Air Conditioning India's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Johnson Controls - Hitachi Air Conditioning India (NSE:JCHAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Johnson Controls - Hitachi Air Conditioning India Ltd (NSE:JCHAC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

523398:India

Address

Hitachi Complex, Karan Nagar Kadi District, Mehsana, GJ, IND, 384 440

Website

https://www.hitachiaircon.in

Johnson Controls - Hitachi Air Conditioning India Ltd is a manufacturer and trader of home appliances. The company is headquartered in India and generates the majority of revenue domestically. The company produces air conditioners, refrigerators, air purifiers, washing machines, chillers, telecom cooling units, variable refrigerant flow systems, and centrifugal chillers. The company has a network of showrooms and service centres across India, which include dealers and franchisees, in addition to a sales network.

Johnson Controls - Hitachi Air Conditioning India (NSE:JCHAC) Headlines

No Headlines