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Acknit Industries (BOM:530043) EV-to-EBIT : 8.67 (As of May. 16, 2024)


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What is Acknit Industries EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Acknit Industries's Enterprise Value is ₹1,068 Mil. Acknit Industries's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was ₹123 Mil. Therefore, Acknit Industries's EV-to-EBIT for today is 8.67.

The historical rank and industry rank for Acknit Industries's EV-to-EBIT or its related term are showing as below:

BOM:530043' s EV-to-EBIT Range Over the Past 10 Years
Min: 1.14   Med: 6.15   Max: 10.53
Current: 8.68

During the past 13 years, the highest EV-to-EBIT of Acknit Industries was 10.53. The lowest was 1.14. And the median was 6.15.

BOM:530043's EV-to-EBIT is ranked better than
72.85% of 814 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 14.72 vs BOM:530043: 8.68

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Acknit Industries's Enterprise Value for the quarter that ended in Dec. 2023 was ₹796 Mil. Acknit Industries's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was ₹123 Mil. Acknit Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 15.45%.


Acknit Industries EV-to-EBIT Historical Data

The historical data trend for Acknit Industries's EV-to-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.

Acknit Industries EV-to-EBIT Chart

Acknit Industries Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.90 5.99 6.85 7.79 5.84

Acknit Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.18 5.84 3.78 7.35 6.47

Competitive Comparison of Acknit Industries's EV-to-EBIT

For the Footwear & Accessories subindustry, Acknit Industries'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.


Acknit Industries's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Acknit Industries's EV-to-EBIT distribution charts can be found below:

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



Acknit Industries EV-to-EBIT Calculation

Acknit Industries's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=1067.746/123.095
=8.67

Acknit Industries's current Enterprise Value is ₹1,068 Mil.
Acknit Industries's 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 ₹123 Mil.

* 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.


Acknit Industries  (BOM:530043) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Acknit Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2023 ) =EBIT / Enterprise Value (Q: Dec. 2023 )
=123.095/796.48
=15.45 %

Acknit Industries's Enterprise Value for the quarter that ended in Dec. 2023 was ₹796 Mil.
Acknit Industries's 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 ₹123 Mil.

* 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.


Acknit Industries EV-to-EBIT Related Terms

Thank you for viewing the detailed overview of Acknit Industries's EV-to-EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Acknit Industries (BOM:530043) Business Description

Traded in Other Exchanges
N/A
Address
Ecostation, Block - BP, Plot No.7, Sector- V, 5th Floor, Suit No. 504, Salt Lake City, Kolkata, WB, IND, 700091
Acknit Industries Ltd manufactures all types of garments, gloves, and other apparel products. The company operates through four segments namely Hand gloves, Garments, Other & traded items, and Power generation segment. Most of the firm's revenue gets derived from the Hand Gloves segment which consists of cut and sewn dipped gloves, seamless dipped gloves, Canadian/ welder/ driver gloves, Cut resistant gloves, heat resistant gloves, and kelvlar leather gloves.

Acknit Industries (BOM:530043) Headlines

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