Iwatani (TSE:8088) EBIT : 円69,053 Mil (TTM As of Dec. 2023)

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What is Iwatani EBIT?

Iwatani's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円18,615 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円69,053 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Iwatani's annualized ROC % for the quarter that ended in Dec. 2023 was 7.12%. Iwatani's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 23.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Iwatani's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.27%.

Iwatani EBIT Historical Data

The historical data trend for Iwatani'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.

Iwatani EBIT Chart

Iwatani Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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33,071.00

35,666.00

46,776.00

48,513.00

69,053.00

Iwatani 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															18,200.00	11,577.00	8,484.00	18,615.00	30,377.00

Competitive Comparison of Iwatani's EBIT

For the Conglomerates subindustry, Iwatani'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.

Iwatani's EV-to-EBIT Distribution in the Conglomerates Industry

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

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

Iwatani 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69,053 Mil.

Iwatani (TSE:8088) EBIT Explanation

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

Iwatani'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 )
=	69260 * ( 1 - 32.39% )	/	( (576639	+	738652)	/ 2 )
=	46826.686	/	657645.5
=	7.12 %

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	))
=	670143	-	66271	-	( 27233	-	max(0, 205671	-	288362	+	27233	))
=	576639

	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	))
=	800405	-	80128	-	( 26245	-	max(0, 326130	-	307755	+	26245	))
=	738652

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

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

Iwatani'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 )
=	74460	/	( ( (213921 + max(101559, 0))	+	(223835 + max(101116, 0)) )	/	2 )
=	74460	/	( ( 315480	+	324951 )	/	2 )
=	74460	/	320215.5
=	23.25 %

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)
=	(131532	+	75025	+	54572)	-	(66271	+	0	+	93299)
=	101559

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(151509	+	75026	+	54975)	-	(80128	+	0	+	100266)
=	101116

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	69053	/	744928.787
	=	9.27 %

Iwatani EBIT Related Terms

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Iwatani (TSE:8088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Iwatani Corp (TSE:8088) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

IWTNF:USA IWA:Germany

Address

6-4, Hommachi 3-chome, Chuo-ku, Osaka, JPN, 541-0053

Website

http://www.iwatani.co.jp

Iwatani Corp is a Japanese conglomerate involved in a variety of energy, industrial, and food services activities. Iwatani segments its operations into Energy, Industrial Gases and Machinery, Materials, and Agri-bio and Foods businesses. The company derives the majority of its revenue from its Energy division. In this unit, Iwatani supplies LPG and petroleum products for household, commercial, and industrial use. The company's Industrial Gases & Machinery and Materials divisions are also responsible for significant income streams. These segments supply high-pressure gases, such as hydrogen and nitrogen, and rare earth metals used in the manufacturing of technology products, respectively. The vast majority of Iwatani's revenue comes from its operations in Japan.

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