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Manba Finance (NSE:MANBA) EBIT : ₹422 Mil (TTM As of Sep. 2024)


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What is Manba Finance EBIT?

Manba Finance's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2024 was ₹281 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ₹422 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Manba Finance's annualized ROC % for the quarter that ended in Sep. 2024 was 4.57%. Manba Finance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 177.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Manba Finance's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 3.29%.

Manba Finance EBIT Historical Data

The historical data trend for Manba Finance'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.

Manba Finance EBIT Chart

Manba Finance Annual Data
Trend Mar21 Mar22 Mar23 Mar24
EBIT
131.79 128.57 239.86 400.20

Manba Finance Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24
EBIT Get a 7-Day Free Trial - - 259.32 140.88 281.32

Competitive Comparison of Manba Finance's EBIT

For the Credit Services subindustry, Manba Finance'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.

Manba Finance's EV-to-EBIT Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Manba Finance's EV-to-EBIT distribution charts can be found below:

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


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Manba Finance 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹422 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.

Manba Finance  (NSE:MANBA) EBIT Explanation

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

Manba Finance's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=562.63 * ( 1 - 25.08% )/( (8682.134 + 9778.204)/ 2 )
=421.522396/9230.169
=4.57 %

where

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))
=9737.539 - 90.987 - ( 964.418 - max(0, 4145.13 - 6420.378+964.418))
=8682.134

Invested Capital(Q: Sep. 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))
=12630.174 - 34.183 - ( 2817.787 - max(0, 34.183 - 11872.123+2817.787))
=9778.204

Note: The Operating Income data used here is two times the semi-annual (Sep. 2024) data.

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

Manba Finance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=562.63/( ( (189.288 + max(271.569, 0)) + (171.752 + max(-34.183, 0)) )/ 2 )
=562.63/( ( 460.857 + 171.752 )/ 2 )
=562.63/316.3045
=177.88 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 375.173) - (90.987 + 0 + 12.617)
=271.569

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (34.183 + 0 + 0)
=-34.183

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

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

Manba Finance's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=422.196/12842.416
=3.29 %

* 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.

Manba Finance EBIT Related Terms

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Manba Finance Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Manba Finance Ltd (NSE:MANBA) » Definitions » EBIT
Comparable Companies
BOM:530067 BOM:538446 BOM:541358 BOM:514238 BOM:501295 BOM:538772 BOM:535667 BOM:511754 BOM:511766 BOM:511628 V MA AXP COF BOM:500034 PYPL DFS SYF BOM:543257 BOM:532810
Traded in Other Exchanges
544262:India
Address
Road No. 16, Wagle Estate, IT/ ITES Building, Plot No. A-79, Thane, MH, IND, 400 604
Website
https://www.manbafinance.com
Manba Finance Ltd is a non-banking finance company offering financial solutions for new two-wheelers, three-wheelers, electric two-wheelers, electric three-wheelers, used cars, small business loans and personal loans. The company's target customers are mainly employees and the self-employed. The company has branches in urban, semi-urban and metropolitan cities and towns serving the surrounding rural areas. It has established relationships with more than 1,100 dealers, including more than 190 EV dealers in Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh and Uttar Pradesh.

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