Milestone Furniture (BOM:541337) EBIT : ₹-6.56 Mil (TTM As of Mar. 2023)

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What is Milestone Furniture EBIT?

Milestone Furniture's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was ₹19.59 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was ₹-6.56 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Milestone Furniture's annualized ROC % for the quarter that ended in Mar. 2023 was 15.75%. Milestone Furniture's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 32.79%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Milestone Furniture's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -11.63%.

Milestone Furniture EBIT Historical Data

The historical data trend for Milestone Furniture'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.

Milestone Furniture EBIT Chart

Milestone Furniture Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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2.25

0.20

-12.54

-15.28

-6.56

Milestone Furniture Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
EBIT	Get a 7-Day Free Trial										-2.93	-2.38	-12.90	-26.15	19.59

Competitive Comparison of Milestone Furniture's EBIT

For the Furnishings, Fixtures & Appliances subindustry, Milestone Furniture'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.

Milestone Furniture's EV-to-EBIT Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Milestone Furniture's EV-to-EBIT distribution charts can be found below:

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

Milestone Furniture 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-6.56 Mil.

Milestone Furniture (BOM:541337) EBIT Explanation

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

Milestone Furniture's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	39.184 * ( 1 - 0% )	/	( (238.966	+	258.517)	/ 2 )
=	39.184	/	248.7415
=	15.75 %

where

	Invested Capital		(Q: Sep. 2022 )
=	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	))
=	240.897	-	1.652	-	( 0.279	-	max(0, 1.677	-	136.339	+	0.279	))
=	238.966

	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	))
=	260.447	-	1.652	-	( 0.278	-	max(0, 1.827	-	161.354	+	0.278	))
=	258.517

Note: The Operating Income data used here is two times the semi-annual (Mar. 2023) data.

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

Milestone Furniture's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	39.184	/	( ( (54.291 + max(55.491, 0))	+	(48.827 + max(80.357, 0)) )	/	2 )
=	39.184	/	( ( 109.782	+	129.184 )	/	2 )
=	39.184	/	119.483
=	32.79 %

where Working Capital is:

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(44.824	+	0	+	12.344)	-	(1.652	+	0	+	0.025)
=	55.491

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(44.824	+	25.015	+	12.345)	-	(1.652	+	0	+	0.175)
=	80.357

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2023) EBIT data.

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

Milestone Furniture's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	-6.561	/	56.415
	=	-11.63 %

Milestone Furniture EBIT Related Terms

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Milestone Furniture (BOM:541337) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Milestone Furniture Ltd (BOM:541337) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wada Manor Road, Survey No.147, House No. 271/1, Met Village, Opposite HP Petrol Pump, Palghar, Thane, MH, IND, 421312

Website

http://www.milestonefurniture.in

Milestone Furniture Ltd is engaged in the field of the household furniture business. It manufactures home and office furniture and is also involved in home and office design. The product portfolio includes basic plastic chair/ plastic storage solution/ Dining Tables into all segments like bedroom, dining, living room, essentials and mattresses which are needed at different points during their aspirational home building journey. The company has also spread its product portfolio to serve the institutional segment especially in segments like office seating, desking, and storage solutions. The product assortment covers both the large institutions and small office/home office's needs.

Milestone Furniture (BOM:541337) Headlines

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