Spice Islands Industries (BOM:526827) EBIT : ₹3.88 Mil (TTM As of Jun. 2024)

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What is Spice Islands Industries EBIT?

Spice Islands Industries's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was ₹0.77 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was ₹3.88 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Spice Islands Industries's annualized ROC % for the quarter that ended in Jun. 2024 was -39.74%. Spice Islands Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 145.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Spice Islands Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 1.92%.

Spice Islands Industries EBIT Historical Data

The historical data trend for Spice Islands Industries'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.

Spice Islands Industries EBIT Chart

Spice Islands Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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-28.15

-21.01

-12.38

-0.51

3.82

Spice Islands Industries Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
EBIT	Get a 7-Day Free Trial															0.66	0.94	0.88	1.29	0.77

Competitive Comparison of Spice Islands Industries's EBIT

For the Apparel Manufacturing subindustry, Spice Islands 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.

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

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

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

Spice Islands Industries 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹3.88 Mil.

Spice Islands Industries (BOM:526827) EBIT Explanation

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

Spice Islands Industries's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2024 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-6.668 * ( 1 - 0% )	/	( (16.78	+	0)	/ 1 )
=	-6.668	/	16.78
=	-39.74 %

where

	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	))
=	12.852	-	1.164	-	( 1.19	-	max(0, 8.079	-	2.987	+	1.19	))
=	16.78

	Invested Capital		(Q: Jun. 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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

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

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

Spice Islands Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2024		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3.08	/	( ( (2.121 + max(-7.344, 0))	+	(0 + max(0, 0)) )	/	1 )
=	3.08	/	( ( 2.121	+	0 )	/	1 )
=	3.08	/	2.121
=	145.21 %

where Working Capital is:

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.735)	-	(1.164	+	0	+	6.915)
=	-7.344

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

When net working capital is negative, 0 is used.

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

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

Spice Islands Industries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	3.876	/	201.695
	=	1.92 %

Spice Islands Industries EBIT Related Terms

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Spice Islands Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Spice Islands Industries Ltd (BOM:526827) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

L. B. S. Marg, Unit 3043-3048, 3rd Floor, Bhandup Industrial Estate, Pannalal Silk Mills Compound, Bhandup (West), Mumbai, MH, IND, 400078

Website

https://www.spiceislandsapparelslimited.in

Spice Islands Industries Ltd is principally a manufacturer of textiles consisting of yarn, fabrics, and garments such as Shirts, Blouses, Skirts, T-shirts, Polo shirts, and Sweatshirts. The company offers a basket of products, in both woven and knitted fabrics, through diverse locations. The product range comprises such as shirts, blouses, skirts, T-shirts, polo shirts, and sweatshirts. The company operates in India as well as it exports its products to the United Kingdom and the United Arab Emirates.

Spice Islands Industries Headlines

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