Veekayem Fashion & Apparels (NSE:VEEKAYEM) EBIT : ₹144 Mil (TTM As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Veekayem Fashion & Apparels EBIT?

Veekayem Fashion & Apparels's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2024 was ₹144 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹144 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Veekayem Fashion & Apparels's annualized ROC % for the quarter that ended in Mar. 2024 was 7.98%. Veekayem Fashion & Apparels's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Veekayem Fashion & Apparels's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.97%.

Veekayem Fashion & Apparels EBIT Historical Data

The historical data trend for Veekayem Fashion & Apparels'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.

Veekayem Fashion & Apparels EBIT Chart

Veekayem Fashion & Apparels Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

89.51

82.41

88.77

120.03

144.13

Veekayem Fashion & Apparels Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
EBIT	89.51	82.41	88.77	120.03	144.13

Competitive Comparison of Veekayem Fashion & Apparels's EBIT

For the Textile Manufacturing subindustry, Veekayem Fashion & Apparels'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.

Veekayem Fashion & Apparels's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Veekayem Fashion & Apparels's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Veekayem Fashion & Apparels's EV-to-EBIT falls into.

Save Embed

;

Save Embed

;

Veekayem Fashion & Apparels 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 ₹144 Mil.

Veekayem Fashion & Apparels (NSE:VEEKAYEM) EBIT Explanation

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

Veekayem Fashion & Apparels'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 )
=	145.29 * ( 1 - 25.82% )	/	( (1291.744	+	1409.515)	/ 2 )
=	107.776122	/	1350.6295
=	7.98 %

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	))
=	1437.268	-	144.404	-	( 1.12	-	max(0, 941.206	-	1205.012	+	1.12	))
=	1291.744

	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	))
=	1554.435	-	144.216	-	( 0.704	-	max(0, 1022.959	-	1307.416	+	0.704	))
=	1409.515

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

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

Veekayem Fashion & Apparels'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 )
=	144.131	/	( ( (230.018 + max(1053.532, 0))	+	(244.518 + max(1152.981, 0)) )	/	2 )
=	144.131	/	( ( 1283.55	+	1397.499 )	/	2 )
=	144.131	/	1340.5245
=	10.75 %

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)
=	(486.067	+	633.878	+	83.947)	-	(144.404	+	0	+	5.956)
=	1053.532

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(617.702	+	652.179	+	36.831)	-	(144.216	+	0	+	9.515)
=	1152.981

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:

Veekayem Fashion & Apparels's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	144.131	/	2412.937
	=	5.97 %

Veekayem Fashion & Apparels EBIT Related Terms

Thank you for viewing the detailed overview of Veekayem Fashion & Apparels's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Veekayem Fashion & Apparels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Veekayem Fashion & Apparels Ltd (NSE:VEEKAYEM) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Walbhat Road, Gala No. 113, Udyog Bhavan, Sharma Industrial Estate, Near Nirlon Compound, Goregaon East, Mumbai, MH, IND, 400063

Website

https://www.vkmgroups.com

Veekayem Fashion & Apparels Ltd is engaged in the business of weaving and garment manufacturing. The company deals in products like Shirting fabrics, Suiting Fabrics, Trouser fabrics, jacketing fabrics, format trousers, cotton trousers and other accessories. The extensive product portfolio includes 100% Cotton - Lycra and Non-Lycra, Giza, Supima, Blended Cotton Suiting - Chief Value Cotton, Polyester Cotton, 100% Cotton Yarn Dyed, Polyester Viscose, Terry Rayon Suiting and Mock Linen. The Company operates in three segments: Men's wear; Kids Wear and Accessories.

Veekayem Fashion & Apparels Headlines

No Headlines