Thinking Hats Entertainment Solutions (NSE:THESL) EBIT : ₹ Mil (TTM As of Mar. 2024)

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What is Thinking Hats Entertainment Solutions EBIT?

Thinking Hats Entertainment Solutions's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was ₹48.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Thinking Hats Entertainment Solutions's annualized ROC % for the quarter that ended in Mar. 2024 was 52.04%. Thinking Hats Entertainment Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 111.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Thinking Hats Entertainment Solutions EBIT Historical Data

The historical data trend for Thinking Hats Entertainment Solutions'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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Thinking Hats Entertainment Solutions EBIT Chart

Thinking Hats Entertainment Solutions Annual Data

Trend

Mar22

Mar23

Mar24

EBIT

4.81

29.00

48.52

Thinking Hats Entertainment Solutions Semi-Annual Data
	Mar22	Mar23	Mar24
EBIT	4.81	29.00	48.52

Competitive Comparison of Thinking Hats Entertainment Solutions's EBIT

For the Advertising Agencies subindustry, Thinking Hats Entertainment Solutions'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.

Thinking Hats Entertainment Solutions's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Thinking Hats Entertainment Solutions's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Thinking Hats Entertainment Solutions's EV-to-EBIT falls into.

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Thinking Hats Entertainment Solutions 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₹ Mil.

Thinking Hats Entertainment Solutions (NSE:THESL) EBIT Explanation

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

Thinking Hats Entertainment Solutions's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	48.863 * ( 1 - 28.15% )	/	( (58.289	+	76.636)	/ 2 )
=	35.1080655	/	67.4625
=	52.04 %

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	))
=	145.681	-	39.5	-	( 61.776	-	max(0, 77.986	-	125.878	+	61.776	))
=	58.289

	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	))
=	240.322	-	66.7	-	( 104.842	-	max(0, 120.03	-	217.016	+	104.842	))
=	76.636

Note: The Operating Income data used here is one times the annual (Mar. 2024) data.

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

Thinking Hats Entertainment Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	48.524	/	( ( (16.601 + max(17.43, 0))	+	(15.811 + max(37.291, 0)) )	/	2 )
=	48.524	/	( ( 34.031	+	53.102 )	/	2 )
=	48.524	/	43.5665
=	111.38 %

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)
=	(60.556	+	0	+	3.546)	-	(39.5	+	0	+	7.172)
=	17.43

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(98.85	+	0	+	13.324)	-	(66.7	+	0	+	8.183)
=	37.291

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Mar. 2024) EBIT data.

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

Thinking Hats Entertainment Solutions's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=		/	345.971
	=	%

Thinking Hats Entertainment Solutions EBIT Related Terms

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Thinking Hats Entertainment Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Thinking Hats Entertainment Solutions Ltd (NSE:THESL) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

5th Floor, B 9 Pinnacle Business, Park Sector 3 Noida, Gautam Buddha Nagar, Noida, UP, IND, 201301

Website

https://www.thes.in

Thinking Hats Entertainment Solutions Ltd is a concept development, event design and production company that specializes in live events, corporate, MICE (Meetings, Incentives, Conferences and Exhibitions), social and virtual events to an OTT content production and experiential marketing company with a focus on content development, intellectual property curation and tech centric product development. The company operates in two reportable segment (Business segment) i.e. Event Management and OTT Sales. Key revenue is generated from Event Management segment.

Thinking Hats Entertainment Solutions Headlines

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