Tokyo Steel Manufacturing Co (TSE:5423) EBIT : 円38,066 Mil (TTM As of Dec. 2023)

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What is Tokyo Steel Manufacturing Co EBIT?

Tokyo Steel Manufacturing Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円8,799 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円38,066 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tokyo Steel Manufacturing Co's annualized ROC % for the quarter that ended in Dec. 2023 was 19.82%. Tokyo Steel Manufacturing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 41.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tokyo Steel Manufacturing Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 53.35%.

Tokyo Steel Manufacturing Co EBIT Historical Data

The historical data trend for Tokyo Steel Manufacturing 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.

Tokyo Steel Manufacturing Co EBIT Chart

Tokyo Steel Manufacturing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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16,372.00

4,319.00

32,908.00

38,674.00

38,066.00

Tokyo Steel Manufacturing 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															5,009.00	12,785.00	9,283.00	8,799.00	7,199.00

Competitive Comparison of Tokyo Steel Manufacturing Co's EBIT

For the Steel subindustry, Tokyo Steel Manufacturing 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.

Tokyo Steel Manufacturing Co's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tokyo Steel Manufacturing Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tokyo Steel Manufacturing Co's EV-to-EBIT falls into.

Tokyo Steel Manufacturing 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円38,066 Mil.

Tokyo Steel Manufacturing Co (TSE:5423) EBIT Explanation

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

Tokyo Steel Manufacturing Co's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	34472 * ( 1 - 25.65% )	/	( (128145	+	130479)	/ 2 )
=	25629.932	/	129312
=	19.82 %

where

	Invested Capital		(Q: Sep. 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	))
=	291428	-	61440	-	( 108291	-	max(0, 81371	-	183214	+	108291	))
=	128145

	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	))
=	297197	-	65371	-	( 109187	-	max(0, 85329	-	186676	+	109187	))
=	130479

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Tokyo Steel Manufacturing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	35196	/	( ( (82923 + max(-6360, 0))	+	(85496 + max(-7818, 0)) )	/	2 )
=	35196	/	( ( 82923	+	85496 )	/	2 )
=	35196	/	84209.5
=	41.80 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(29734	+	43083	+	2106)	-	(61440	+	0	+	19843)
=	-6360

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(27694	+	46599	+	3196)	-	(65371	+	0	+	19936)
=	-7818

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Tokyo Steel Manufacturing Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	38066	/	71350.763
	=	53.35 %

Tokyo Steel Manufacturing Co EBIT Related Terms

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Tokyo Steel Manufacturing Co (TSE:5423) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tokyo Steel Manufacturing Co Ltd (TSE:5423) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kasumigaseki-Tokyu Bldg 15th Floor,, 3-7-1, Kasumigaseki, Chiyoda-ku, Tokyo, JPN, 1000013

Website

http://www.tokyosteel.co.jp

Tokyo Steel Manufacturing Co Ltd is a Japan-based company primarily engaged in production of long steel products and flat steel products. The company's long product portfolio comprises H beams, sheet piles, I-beams, checkered H-beams, channels, and reinforcing bars. The company's flat product portfolio consists of heavy plates, hot-rolled coils, pickled and oiled coils, hot-dip galvanized coils, checkered coils, and steel sheets. These products are used in broad range of applications, including construction, civil engineering, industrial equipment, plant equipment, bridge, and shipbuilding. The company has four plants located in Tahara, Okayama, Kyushu, and Utsunomiya. Tokyo Steel Manufacturing generates most of its revenue from the Japanese domestic market.

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