Coca-Cola Bottlers Japan Holdings (Coca-Cola Bottlers Japan Holdings) EBIT : $21 Mil (TTM As of Dec. 2023)

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What is Coca-Cola Bottlers Japan Holdings EBIT?

Coca-Cola Bottlers Japan Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-17 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $21 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Coca-Cola Bottlers Japan Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -1.27%. Coca-Cola Bottlers Japan Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2.08%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Coca-Cola Bottlers Japan Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.70%.

Coca-Cola Bottlers Japan Holdings EBIT Historical Data

The historical data trend for Coca-Cola Bottlers Japan Holdings'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.

Coca-Cola Bottlers Japan Holdings EBIT Chart

Coca-Cola Bottlers Japan Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-529.42

-105.54

-180.91

-83.38

27.62

Coca-Cola Bottlers Japan Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															-32.43	-67.25	19.37	86.13	-17.40

Competitive Comparison of Coca-Cola Bottlers Japan Holdings's EBIT

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Bottlers Japan Holdings'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.

Coca-Cola Bottlers Japan Holdings's EV-to-EBIT Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Bottlers Japan Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Coca-Cola Bottlers Japan Holdings's EV-to-EBIT falls into.

Coca-Cola Bottlers Japan Holdings 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 $21 Mil.

Coca-Cola Bottlers Japan Holdings (OTCPK:CCOJY) EBIT Explanation

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

Coca-Cola Bottlers Japan Holdings'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 )
=	-74.232 * ( 1 - 27.03% )	/	( (4310.859	+	4238.712)	/ 2 )
=	-54.1670904	/	4274.7855
=	-1.27 %

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	))
=	5719.564	-	844.033	-	( 564.672	-	max(0, 1338.699	-	2051.155	+	564.672	))
=	4310.859

	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	))
=	5867.643	-	838.913	-	( 790.018	-	max(0, 1371.308	-	2179.141	+	790.018	))
=	4238.712

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

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

Coca-Cola Bottlers Japan Holdings'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 )
=	-69.592	/	( ( (2951.01 + max(459.272, 0))	+	(2955.803 + max(339.009, 0)) )	/	2 )
=	-69.592	/	( ( 3410.282	+	3294.812 )	/	2 )
=	-69.592	/	3352.547
=	-2.08 %

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)
=	(921.648	+	492.516	+	72.319)	-	(844.033	+	0	+	183.178)
=	459.272

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(833.92	+	497.64	+	57.563)	-	(838.913	+	0	+	211.201)
=	339.009

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:

Coca-Cola Bottlers Japan Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	20.851	/	2972.252
	=	0.70 %

Coca-Cola Bottlers Japan Holdings EBIT Related Terms

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Coca-Cola Bottlers Japan Holdings (Coca-Cola Bottlers Japan Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Bottlers Japan Holdings Inc (OTCPK:CCOJY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

2579:Japan CCW:Germany

Address

9-7-1 Akasaka, Minato-ku, Tokyo Midtown Tower, Fukuoka, JPN, 107-6211

Website

https://www.ccbj-holdings.com

Coca-Cola Bottlers Japan Holdings Inc is a Japanese soft drinks manufacturer, which operates through licensing agreements with The Coca-Cola Company based in the United States. It functions through two business segments, namely The Cold Beverage segment and The Healthcare and Skincare segment. The Cold Beverage segment by far accounts for most of the company's revenue generating operations. It represents the manufacture and sale of beverages such as sports drinks, tea beverages, sparkling beverages and mineral water. Its secondary business is carried out through the Healthcare and Skincare segment which produces and sells health food and cosmetics.