Garware Hi-Tech Films (BOM:500655) EBIT : ₹2,820 Mil (TTM As of Mar. 2024)

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What is Garware Hi-Tech Films EBIT?

Garware Hi-Tech Films's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₹800 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹2,820 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Garware Hi-Tech Films's annualized ROC % for the quarter that ended in Mar. 2024 was 11.44%. Garware Hi-Tech Films's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 19.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Garware Hi-Tech Films's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.36%.

Garware Hi-Tech Films EBIT Historical Data

The historical data trend for Garware Hi-Tech Films'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.

Garware Hi-Tech Films EBIT Chart

Garware Hi-Tech Films Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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1,498.94

2,051.54

2,444.42

2,369.40

2,820.30

Garware Hi-Tech Films Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															608.00	628.90	643.10	748.40	799.90

Competitive Comparison of Garware Hi-Tech Films's EBIT

For the Specialty Chemicals subindustry, Garware Hi-Tech Films'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.

Garware Hi-Tech Films's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Garware Hi-Tech Films's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Garware Hi-Tech Films's EV-to-EBIT falls into.

Garware Hi-Tech Films 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹2,820 Mil.

Garware Hi-Tech Films (BOM:500655) EBIT Explanation

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

Garware Hi-Tech Films'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: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	2739.2 * ( 1 - 25.95% )	/	( (0	+	17735)	/ 1 )
=	2028.3776	/	17735
=	11.44 %

where

	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

	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	))
=	23237	-	1614.7	-	( 3887.3	-	max(0, 2219	-	7740.1	+	3887.3	))
=	17735

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

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

Garware Hi-Tech Films'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: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3199.6	/	( ( (0 + max(0, 0))	+	(14515.2 + max(1692.3, 0)) )	/	1 )
=	3199.6	/	( ( 0	+	16207.5 )	/	1 )
=	3199.6	/	16207.5
=	19.74 %

where Working Capital is:

	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

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(380.7	+	2897.5	+	571.3)	-	(1614.7	+	0	+	542.5)
=	1692.3

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Garware Hi-Tech Films's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	2820.3	/	38325.261
	=	7.36 %

Garware Hi-Tech Films EBIT Related Terms

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Garware Hi-Tech Films (BOM:500655) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Garware Hi-Tech Films Ltd (BOM:500655) » Definitions » EBIT

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GRWRHITECH:India

Address

50 - A, Swami Nityanand Marg, Garware House, Vile Parle (East), Mumbai, MH, IND, 400 057

Website

https://www.garwarepoly.com

Garware Hi-Tech Films Ltd is engaged in the business of manufacturing of Polyester Films. Geographically, it derives a majority of revenue from India. The company manufactures Bi-axially Oriented Polyethylene Terephthalate (BOPET)/Polyester Films, Sun Control Films, Thermal Lamination Films, and Specialty Polyester Films. It also manufactures premium grade heat rejection films based on the latest IR Rejection Technology. These products are used in packaging, electrical and motor and cable insulations, shrink film for label application, colored polyester films for window tint application, sequin, and safety. Geographically, it derives a majority of revenue from the Rest of the world.

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