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Nova Agritech (NSE:NOVAAGRI) EBIT : ₹178 Mil (TTM As of Jun. 2024)


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What is Nova Agritech EBIT?

Nova Agritech's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was ₹61 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was ₹178 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nova Agritech's annualized ROC % for the quarter that ended in Jun. 2024 was 11.41%. Nova Agritech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 15.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nova Agritech's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 2.98%.

Nova Agritech EBIT Historical Data

The historical data trend for Nova Agritech'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.

Nova Agritech EBIT Chart

Nova Agritech Annual Data
Trend Mar21 Mar22 Mar23 Mar24
EBIT
155.95 253.29 363.03 415.31

Nova Agritech Quarterly Data
Mar21 Mar22 Mar23 Jun23 Sep23 Mar24 Jun24
EBIT Get a 7-Day Free Trial - 66.03 116.97 - 60.88

Competitive Comparison of Nova Agritech's EBIT

For the Agricultural Inputs subindustry, Nova Agritech'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.

Nova Agritech's EV-to-EBIT Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Nova Agritech's EV-to-EBIT distribution charts can be found below:

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


Nova Agritech 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹178 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.

Nova Agritech  (NSE:NOVAAGRI) EBIT Explanation

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

Nova Agritech's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=221.36 * ( 1 - 11.34% )/( (1720.754 + 0)/ 1 )
=196.257776/1720.754
=11.41 %

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))
=2979.918 - 404.577 - ( 854.587 - max(0, 955.143 - 2720.146+854.587))
=1720.754

Invested Capital(Q: Jun. 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))
=0 - 0 - ( 0 - max(0, 0 - 0+0))
=0

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

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

Nova Agritech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=243.504/( ( (150.786 + max(1442.324, 0)) + (0 + max(0, 0)) )/ 1 )
=243.504/( ( 1593.11 + 0 )/ 1 )
=243.504/1593.11
=15.28 %

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)
=(1234.277 + 495.775 + 135.139) - (404.577 + 0 + 18.29)
=1442.324

Working Capital(Q: Jun. 2024 )
=(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 (Jun. 2024) EBIT data.

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

Nova Agritech's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=177.849/5972.390
=2.98 %

* 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.

Nova Agritech EBIT Related Terms

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Nova Agritech Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Nova Agritech Ltd (NSE:NOVAAGRI) » Definitions » EBIT
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Traded in Other Exchanges
544100:India
Address
Sy.No.251/A/1, Singannaguda Village, Mulugu Mandal, Medak, Siddipet, TG, IND, 502279
Website
https://www.novaagri.in
Nova Agritech Ltd is an agri-input manufacturer company. It offers soil health management, crop nutrition, and crop protection products focused on tech-based farmer-driven solutions and also offers ecologically sustainable and nutritionally balanced products. It also manufactures, distributes and market a wide range of product categories consisting of (a) soil health management products; (b) crop nutrition products; (c) bio stimulant products (d) bio pesticide products (e) Integrated pest management products; (f) new technologies; and (g) crop protection products.

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