Visa Steel (NSE:VISASTEEL) EBIT : ₹-535 Mil (TTM As of Dec. 2023)

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What is Visa Steel EBIT?

Visa Steel's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₹-169 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-535 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Visa Steel's annualized ROC % for the quarter that ended in Dec. 2023 was -2.49%. Visa Steel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -6.93%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Visa Steel's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -3.33%.

Visa Steel EBIT Historical Data

The historical data trend for Visa Steel'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.

Visa Steel EBIT Chart

Visa Steel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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-1,450.93

-1,730.84

-11,804.78

-666.09

16,856.44

Visa Steel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															17,337.43	-130.54	-62.48	-173.20	-168.72

Competitive Comparison of Visa Steel's EBIT

For the Steel subindustry, Visa Steel'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.

Visa Steel's EV-to-EBIT Distribution in the Steel Industry

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

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

Visa Steel 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-535 Mil.

Visa Steel (NSE:VISASTEEL) EBIT Explanation

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

Visa Steel's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-689.48 * ( 1 - 0% )	/	( (27715.46	+	0)	/ 1 )
=	-689.48	/	27715.46
=	-2.49 %

where

	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	))
=	10539.38	-	393.42	-	( 213.22	-	max(0, 18203.08	-	633.58	+	213.22	))
=	27715.46

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

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Visa Steel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-674.88	/	( ( (9743.55 + max(-4276.27, 0))	+	(0 + max(0, 0)) )	/	1 )
=	-674.88	/	( ( 9743.55	+	0 )	/	1 )
=	-674.88	/	9743.55
=	-6.93 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	149.56	+	270.8)	-	(393.42	+	0	+	4303.21)
=	-4276.27

	Working Capital		(Q: Dec. 2023 )
=	(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 (Dec. 2023) EBIT data.

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

Visa Steel's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-534.94	/	16083.355
	=	-3.33 %

Visa Steel EBIT Related Terms

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Visa Steel (NSE:VISASTEEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Visa Steel Ltd (NSE:VISASTEEL) » Definitions » EBIT

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532721:India

Address

8/10 Alipore Road, VISA House, Kolkata, WB, IND, 700027

Website

http://www.visasteel.com

Visa Steel Ltd is an India-based mineral, metal, and energy company. It is engaged in the manufacturing of iron and steel products, including pig iron, sponge iron, special steel, and high carbon ferrochrome with the captive power plant at Kalinganagar, Odisha. The Company's segments include Special Steel and Ferro Alloys. The Special Steel segment includes bars and wire rods, billets and blooms, pig iron and sponge iron, and other allied products. The firm's products range consists of special steel long products, Ferro Chrome and Coke. The firm generates a majority of its revenue from India.

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