Sigma Solve (NSE:SIGMA) EBIT : ₹266.0 Mil (TTM As of Sep. 2023)

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What is Sigma Solve EBIT?

Sigma Solve's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was ₹135.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was ₹266.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sigma Solve's annualized ROC % for the quarter that ended in Sep. 2023 was 49.68%. Sigma Solve's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 248.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sigma Solve's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 7.31%.

Sigma Solve EBIT Historical Data

The historical data trend for Sigma Solve'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.

Sigma Solve EBIT Chart

Sigma Solve Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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4.79

22.02

73.68

161.38

234.44

Sigma Solve Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial					111.60	49.79	104.23	130.21	135.77

Competitive Comparison of Sigma Solve's EBIT

For the Information Technology Services subindustry, Sigma Solve'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.

Sigma Solve's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Sigma Solve's EV-to-EBIT distribution charts can be found below:

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

Sigma Solve 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹266.0 Mil.

Sigma Solve (NSE:SIGMA) EBIT Explanation

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

Sigma Solve's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	222.828 * ( 1 - 30.01% )	/	( (407.039	+	220.786)	/ 2 )
=	155.9573172	/	313.9125
=	49.68 %

where

	Invested Capital		(Q: Mar. 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	))
=	631.201	-	5.908	-	( 237.873	-	max(0, 80.256	-	298.51	+	237.873	))
=	407.039

	Invested Capital		(Q: Sep. 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	))
=	746.189	-	20.646	-	( 504.757	-	max(0, 77.337	-	632.683	+	504.757	))
=	220.786

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

Sigma Solve's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	271.542	/	( ( (72.069 + max(-11.214, 0))	+	(84.136 + max(62.382, 0)) )	/	2 )
=	271.542	/	( ( 72.069	+	146.518 )	/	2 )
=	271.542	/	109.2935
=	248.45 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(54.24	+	0	+	6.246)	-	(5.908	+	0	+	65.792)
=	-11.214

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(110.976	+	0	+	16.95)	-	(20.646	+	0	+	44.898)
=	62.382

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

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

Sigma Solve's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	265.984	/	3638.949
	=	7.31 %

Sigma Solve EBIT Related Terms

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Sigma Solve (NSE:SIGMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sigma Solve Ltd (NSE:SIGMA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

543917:India

Address

Sindhu Bhavan Road, S G Highway, Alpha Megacone House, Opposite Armieda, 305-308, 3rd Floor, Ahmedabad, GJ, IND, 380054

Website

https://www.sigmasolve.in

Sigma Solve Ltd is involved in providing enterprise software solutions. The company provides services related to Web and E-commerce development, Real-time application development, Business Intelligence Analytics, CRM development, Digital marketing, UI and UX design, Automation testing and Quality assurance. The firm generates revenue is from the export of services.

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