Avance Technologies (BOM:512149) EBIT : ₹51 Mil (TTM As of Mar. 2024)

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What is Avance Technologies EBIT?

Avance Technologies's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₹22 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹51 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Avance Technologies's annualized ROC % for the quarter that ended in Mar. 2024 was -0.27%. Avance Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Avance Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.09%.

Avance Technologies EBIT Historical Data

The historical data trend for Avance Technologies'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.

Avance Technologies EBIT Chart

Avance Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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-506.16

-275.65

-6.16

5.03

50.32

Avance Technologies 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															0.29	1.78	7.40	19.16	22.44

Competitive Comparison of Avance Technologies's EBIT

For the Information Technology Services subindustry, Avance Technologies'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.

Avance Technologies's EV-to-EBIT Distribution in the Software Industry

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

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

Avance Technologies 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 ₹51 Mil.

Avance Technologies (BOM:512149) EBIT Explanation

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

Avance Technologies'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 )
=	-11.528 * ( 1 - 6.68% )	/	( (0	+	4035.449)	/ 1 )
=	-10.7579296	/	4035.449
=	-0.27 %

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	))
=	4891.544	-	1124.636	-	( 543.596	-	max(0, 1130.019	-	861.478	+	543.596	))
=	4035.449

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

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

Avance Technologies'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 )
=	89.764	/	( ( (0 + max(0, 0))	+	(0 + max(-812.137, 0)) )	/	1 )
=	89.764	/	( ( 0	+	0 )	/	1 )
=	89.764	/	0
=	%

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)
=	(121.395	+	195.545	+	0.94199999999989)	-	(1124.636	+	0	+	5.383)
=	-812.137

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:

Avance Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	50.771	/	1240.130
	=	4.09 %

Avance Technologies EBIT Related Terms

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Avance Technologies (BOM:512149) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Avance Technologies Ltd (BOM:512149) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Office No. 226/227, Second Floor, Majestic Center, 144 Opera House, Mumbai, MH, IND, 400002

Website

https://www.avance.in

Avance Technologies Ltd is engaged in the trading of information technology software products. The company's principal activities include software and hardware resale. Its products and services include short code services, enterprises mobile marketing, mobile marketing solution suit, electronic mail, and web integration, ad insertion program, wireless application protocol, mobile coupons page elements, OBD and IBD, e-mail marketing, call conferencing platform, and subscriber management platform. The firm generates revenue from the sale of IT products.

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