Daikin Industries (TSE:6367) EBIT : 円430,194 Mil (TTM As of Mar. 2024)

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What is Daikin Industries EBIT?

Daikin Industries's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was 円112,405 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was 円430,194 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Daikin Industries's annualized ROC % for the quarter that ended in Mar. 2024 was 6.32%. Daikin Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 22.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Daikin Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.73%.

Daikin Industries EBIT Historical Data

The historical data trend for Daikin 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.

Daikin Industries EBIT Chart

Daikin Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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267,188.00

247,334.00

336,880.00

393,677.00

430,194.00

Daikin Industries 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															75,068.00	126,865.00	119,502.00	71,422.00	112,405.00

Competitive Comparison of Daikin Industries's EBIT

For the Building Products & Equipment subindustry, Daikin 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.

Daikin Industries's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Daikin Industries's EV-to-EBIT distribution charts can be found below:

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

Daikin 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円430,194 Mil.

Daikin Industries (TSE:6367) EBIT Explanation

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

Daikin Industries'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 )
=	342584 * ( 1 - 31.8% )	/	( (3618689	+	3774975)	/ 2 )
=	233642.288	/	3696832
=	6.32 %

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	))
=	4681851	-	344057	-	( 719105	-	max(0, 1584229	-	2611938	+	719105	))
=	3618689

	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	))
=	4880230	-	367294	-	( 737961	-	max(0, 1566990	-	2726598	+	737961	))
=	3774975

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

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

Daikin Industries'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 )
=	449620	/	( ( (1053744 + max(910499, 0))	+	(1134979 + max(948804, 0)) )	/	2 )
=	449620	/	( ( 1964243	+	2083783 )	/	2 )
=	449620	/	2024013
=	22.21 %

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)
=	(692920	+	1064889	+	135024)	-	(344057	+	0	+	638277)
=	910499

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(815305	+	1047741	+	125591)	-	(367294	+	0	+	672539)
=	948804

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	430194	/	7508254.505
	=	5.73 %

Daikin Industries EBIT Related Terms

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Daikin Industries (TSE:6367) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Daikin Industries Ltd (TSE:6367) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

DKILY:USA DKILF:USA DKIA:Germany DKI:Germany DKI:Germany DKI:Austria

Address

Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, JPN, 530-8323

Website

http://www.daikin.com

Daikin Industries is one of the world's largest heating, ventilating and air conditioning, or HVAC, companies. North America, Japan, China, and Europe are Daikin's four biggest markets, accounting for 24.1%, 23.7%, 16.7%, and 14.5% of fiscal 2018 revenue, respectively. Air conditioning accounted for around 90% of revenue and operating profit, while chemicals and others made up the balance.

Daikin Industries (TSE:6367) Headlines

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