CreditAccess Grameen (BOM:541770) EBIT : ₹22,108 Mil (TTM As of Mar. 2024)

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What is CreditAccess Grameen EBIT?

CreditAccess Grameen's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₹6,160 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹22,108 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CreditAccess Grameen's annualized ROC % for the quarter that ended in Mar. 2024 was 6.78%. CreditAccess Grameen's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2,030.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CreditAccess Grameen's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.97%.

CreditAccess Grameen EBIT Historical Data

The historical data trend for CreditAccess Grameen'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.

CreditAccess Grameen EBIT Chart

CreditAccess Grameen Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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4,806.90

2,033.30

5,042.70

13,022.90

22,108.30

CreditAccess Grameen 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															4,097.70	4,842.70	5,325.00	5,780.70	6,159.90

Competitive Comparison of CreditAccess Grameen's EBIT

For the Credit Services subindustry, CreditAccess Grameen'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.

CreditAccess Grameen's EV-to-EBIT Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, CreditAccess Grameen's EV-to-EBIT distribution charts can be found below:

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

CreditAccess Grameen 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 ₹22,108 Mil.

CreditAccess Grameen (BOM:541770) EBIT Explanation

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

CreditAccess Grameen'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 )
=	24639.6 * ( 1 - 25% )	/	( (0	+	272759)	/ 1 )
=	18479.7	/	272759
=	6.78 %

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	))
=	288461.6	-	2563.5	-	( 13139.1	-	max(0, 2563.5	-	264745.3	+	13139.1	))
=	272759

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

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

CreditAccess Grameen'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 )
=	24639.6	/	( ( (0 + max(0, 0))	+	(1213.5 + max(-2007.2, 0)) )	/	1 )
=	24639.6	/	( ( 0	+	1213.5 )	/	1 )
=	24639.6	/	1213.5
=	2,030.46 %

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)
=	(0	+	0	+	556.29999999999)	-	(2563.5	+	0	+	0)
=	-2007.2

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:

CreditAccess Grameen's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	22108.3	/	444545.170
	=	4.97 %

CreditAccess Grameen EBIT Related Terms

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CreditAccess Grameen (BOM:541770) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » CreditAccess Grameen Ltd (BOM:541770) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CREDITACC:India

Address

New No. 49 (Old No. 725), 46th Cross, 8th Block, Jayanagar, Next to Rajalakshmi Kalayana Mantap, Bengaluru, KA, IND, 560070

Website

https://www.creditaccessgrameen.in

CreditAccess Grameen Ltd provides financial and non-financial products and services. The company is engaged in providing microfinance services to women who are enrolled as members and organized as Joint Liability Groups. The only operating segment of the company is lending to members. Geographically, it operates only in India. The company's financial product includes income generation loans, home improvement loans, emergency loans, family welfare loans, Gruha Vikas loans, Grameen Swarna loans, Grameen Vikas loans, life insurance, and others.

CreditAccess Grameen (BOM:541770) Headlines

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