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Rolex Rings (NSE:ROLEXRINGS) EBIT : ₹1,315 Mil (TTM As of Jun. 2024)


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What is Rolex Rings EBIT?

Rolex Rings's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was ₹670 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was ₹1,315 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Rolex Rings's annualized ROC % for the quarter that ended in Jun. 2024 was 21.01%. Rolex Rings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 33.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Rolex Rings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 2.31%.


Rolex Rings EBIT Historical Data

The historical data trend for Rolex Rings'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.

Rolex Rings EBIT Chart

Rolex Rings Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
Get a 7-Day Free Trial 926.47 907.82 2,094.00 2,496.28 2,098.44

Rolex Rings Quarterly Data
Mar19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24 Jun24
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 Premium Member Only Premium Member Only Premium Member Only 540.24 656.33 644.92 - 670.09

Competitive Comparison of Rolex Rings's EBIT

For the Metal Fabrication subindustry, Rolex Rings'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.


Rolex Rings's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Rolex Rings's EV-to-EBIT distribution charts can be found below:

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



Rolex Rings 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 ₹1,315 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.


Rolex Rings  (NSE:ROLEXRINGS) EBIT Explanation

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

Rolex Rings'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 )
=2469.56 * ( 1 - 25.05% )/( (8810.82 + 0)/ 1 )
=1850.93522/8810.82
=21.01 %

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))
=11209.05 - 1035.7 - ( 1362.53 - max(0, 1613.03 - 6249.8+1362.53))
=8810.82

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

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

Rolex Rings'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 )
=2680.36/( ( (4700.22 + max(3411.34, 0)) + (0 + max(0, 0)) )/ 1 )
=2680.36/( ( 8111.56 + 0 )/ 1 )
=2680.36/8111.56
=33.04 %

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)
=(2175.93 + 2404.67 + 263.23) - (1035.7 + 0 + 396.79)
=3411.34

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:

Rolex Rings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=1315.01/56968.049
=2.31 %

* 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.


Rolex Rings EBIT Related Terms

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Rolex Rings Business Description

Traded in Other Exchanges
Address
Gondal Road, Opposite Hotel Krishna Park, Near Kotharia Railway Crossing, Kotharia, Rajkot, GJ, IND, 360 004
Rolex Rings Ltd is a manufacturer and supplier of hot rolled forged and machined bearing rings, and automotive components for segments of vehicles, industrial machinery, wind turbines and railways, amongst other segments. The company's business falls within a single business segment of diversified auto components.

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