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Maruichi Steel Tube (TSE:5463) EBIT : 円38,492 Mil (TTM As of Dec. 2023)


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What is Maruichi Steel Tube EBIT?

Maruichi Steel Tube's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円9,168 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円38,492 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Maruichi Steel Tube's annualized ROC % for the quarter that ended in Dec. 2023 was 8.86%. Maruichi Steel Tube's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 20.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Maruichi Steel Tube's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 18.88%.


Maruichi Steel Tube EBIT Historical Data

The historical data trend for Maruichi Steel Tube'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.

Maruichi Steel Tube EBIT Chart

Maruichi Steel Tube Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10,357.00 20,663.00 38,351.00 34,472.00 38,492.00

Maruichi Steel Tube 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 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 5,995.00 10,829.00 10,751.00 9,168.00 7,744.00

Competitive Comparison of Maruichi Steel Tube's EBIT

For the Steel subindustry, Maruichi Steel Tube'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.


Maruichi Steel Tube's EV-to-EBIT Distribution in the Steel Industry

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

* The bar in red indicates where Maruichi Steel Tube's EV-to-EBIT falls into.



Maruichi Steel Tube 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38,492 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.


Maruichi Steel Tube  (TSE:5463) EBIT Explanation

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

Maruichi Steel Tube'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 )
=33724 * ( 1 - 25.85% )/( (280444 + 284137)/ 2 )
=25006.346/282290.5
=8.86 %

where

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

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

Maruichi Steel Tube'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 )
=36672/( ( (99094 + max(75543, 0)) + (102538 + max(77111, 0)) )/ 2 )
=36672/( ( 174637 + 179649 )/ 2 )
=36672/177143
=20.70 %

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)
=(57548 + 63125 + 4848) - (39478 + 0 + 10500)
=75543

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(56212 + 62492 + 4063) - (34846 + 0 + 10810)
=77111

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:

Maruichi Steel Tube's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=38492/203879.870
=18.88 %

* 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.


Maruichi Steel Tube EBIT Related Terms

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Maruichi Steel Tube (TSE:5463) Business Description

Traded in Other Exchanges
N/A
Address
29th Floor, Nambaskyo, 1-60, 5, Chome, Namba, Chuo-ku, Osaka, JPN, 542-0076
Maruichi Steel Tube Ltd is a Japan-based company that manufactures and sells steel tube and steel sheet coating. Japan, North America, and Asia excluding Japan are the three largest markets for the company. The company's product portfolio includes welded steel tubes, hot-dip galvanized steel sheet, lighting poles, and prepainted steel sheet. Its products are used in architecture, civil engineering, machinery, power generation plants, automobiles, motor cycles, medical equipment, fitness machines, office automation equipment, office and educational furniture, and others. It has plants across North America and Asia.

Maruichi Steel Tube (TSE:5463) Headlines

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