Sumitomo Forestry Co (Sumitomo Forestry Co) EBIT : $1,240 Mil (TTM As of Mar. 2024)

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What is Sumitomo Forestry Co EBIT?

Sumitomo Forestry Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $275 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $1,240 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sumitomo Forestry Co's annualized ROC % for the quarter that ended in Mar. 2024 was 8.13%. Sumitomo Forestry Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 21.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sumitomo Forestry Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 13.34%.

Sumitomo Forestry Co EBIT Historical Data

The historical data trend for Sumitomo Forestry Co'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.

Sumitomo Forestry Co EBIT Chart

Sumitomo Forestry Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

EBIT

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527.54

537.06

1,196.06

1,419.48

1,150.78

Sumitomo Forestry Co 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															199.99	303.01	225.97	435.61	275.22

Competitive Comparison of Sumitomo Forestry Co's EBIT

For the Residential Construction subindustry, Sumitomo Forestry Co'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.

Sumitomo Forestry Co's EV-to-EBIT Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Sumitomo Forestry Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Sumitomo Forestry Co's EV-to-EBIT falls into.

Sumitomo Forestry Co 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 $1,240 Mil.

Sumitomo Forestry Co (OTCPK:SMFRF) EBIT Explanation

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

Sumitomo Forestry Co'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 )
=	1084.804 * ( 1 - 24.3% )	/	( (9787.786	+	10423.706)	/ 2 )
=	821.196628	/	10105.746
=	8.13 %

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	))
=	12589.965	-	1710.136	-	( 1092.043	-	max(0, 4083.782	-	8584.631	+	1092.043	))
=	9787.786

	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	))
=	12838.246	-	1486.204	-	( 928.336	-	max(0, 4072.892	-	8651.596	+	928.336	))
=	10423.706

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

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

Sumitomo Forestry Co'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 )
=	1100.876	/	( ( (1571.549 + max(3275.497, 0))	+	(1621.307 + max(3842.855, 0)) )	/	2 )
=	1100.876	/	( ( 4847.046	+	5464.162 )	/	2 )
=	1100.876	/	5155.604
=	21.35 %

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)
=	(1169.435	+	4891.642	+	635.742)	-	(1710.136	+	0	+	1711.186)
=	3275.497

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1128.959	+	5270.721	+	582.985)	-	(1486.204	+	0	+	1653.606)
=	3842.855

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:

Sumitomo Forestry Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	1239.801	/	9296.235
	=	13.34 %

Sumitomo Forestry Co EBIT Related Terms

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Sumitomo Forestry Co (Sumitomo Forestry Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Sumitomo Forestry Co Ltd (OTCPK:SMFRF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

1911:Japan 5F6:Germany

Address

Keidanren Kaikan, 3-2, Otemachi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8270

Website

http://sfc.jp

Sumitomo Forestry Co Ltd is a diversified Japanese company that focuses on timber and building materials as well as residential construction. The company's timber business is one of Japan's leading suppliers of timber and also provides building and structural materials such as flooring and doors. It constructs custom-built single-family housing projects around Japan that use the company's timber materials and design. These two business units provide the majority of the company's revenue. Sumitomo Forestry operates timber and exporting businesses in Southeast Asia, Australia, and North America. It is also involved in forestry management, as it owns forests around Japan and Southeast Asia.

Sumitomo Forestry Co (Sumitomo Forestry Co) Headlines

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