Manpasand Beverages (NSE:MANPASAND) EBIT : ₹-1,050.88 Mil (TTM As of Dec. 2020)

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What is Manpasand Beverages EBIT?

Manpasand Beverages's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2020 was ₹-265.50 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2020 was ₹-1,050.88 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Manpasand Beverages's annualized ROC % for the quarter that ended in Dec. 2020 was -14.69%. Manpasand Beverages's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2020 was -22.79%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Manpasand Beverages's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2020 was -156.94%.

Manpasand Beverages EBIT Historical Data

The historical data trend for Manpasand Beverages'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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Manpasand Beverages EBIT Chart

Manpasand Beverages Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

EBIT

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623.07

838.82

1,208.05

-1,938.66

-1,215.74

Manpasand Beverages Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
EBIT	Get a 7-Day Free Trial															-259.73	-302.26	-214.45	-268.67	-265.50

Competitive Comparison of Manpasand Beverages's EBIT

For the Beverages - Non-Alcoholic subindustry, Manpasand Beverages'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.

Manpasand Beverages's EV-to-EBIT Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Manpasand Beverages's EV-to-EBIT distribution charts can be found below:

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

Manpasand Beverages 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-1,050.88 Mil.

Manpasand Beverages (NSE:MANPASAND) EBIT Explanation

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

Manpasand Beverages's annualized ROC % for the quarter that ended in Dec. 2020 is calculated as:

	ROC % (Q: Dec. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2020 )	+	Invested Capital (Q: Dec. 2020 ))	/ count )
=	-876.328 * ( 1 - 0% )	/	( (5964.422	+	0)	/ 1 )
=	-876.328	/	5964.422
=	-14.69 %

where

	Invested Capital		(Q: Sep. 2020 )
=	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	))
=	5848.444	-	814.197	-	( 23.708	-	max(0, 1458.38	-	528.205	+	23.708	))
=	5964.422

	Invested Capital		(Q: Dec. 2020 )
=	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. 2020) data.

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

Manpasand Beverages's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2020		Q: Dec. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1062	/	( ( (4659.891 + max(-955.331, 0))	+	(0 + max(0, 0)) )	/	1 )
=	-1062	/	( ( 4659.891	+	0 )	/	1 )
=	-1062	/	4659.891
=	-22.79 %

where Working Capital is:

	Working Capital		(Q: Sep. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(26.478	+	88.826	+	387.745)	-	(814.197	+	0	+	644.183)
=	-955.331

	Working Capital		(Q: Dec. 2020 )
=	(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. 2020) EBIT data.

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

Manpasand Beverages's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2020 )
	=	-1050.875	/	669.605
	=	-156.94 %

Manpasand Beverages EBIT Related Terms

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Manpasand Beverages (NSE:MANPASAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Manpasand Beverages Ltd (NSE:MANPASAND) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Savli Road, Survey No. 1768 and 1774/1, Manjusar Village, GIDC Estate, Vadodara, GJ, IND, 391775

Website

https://www.manpasand.co.in

Manpasand Beverages Ltd is a soft drink and beverage company. Manpasand has one business segment, beverages, that produces, markets, and sells fruit flavored soft drinks. The company produces such brands as MangoSip, the company's mango flavored beverage, and Fruits Up, the company's premium fruit drink, with flavors such as guava, lychee, apple, mango, and orange. Additionally, the company produces Manpasand ORS, its ready-to-drink oral rehydration salts sports drink. The company earns the vast majority of its revenue in India.

Manpasand Beverages (NSE:MANPASAND) Headlines

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