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Pioneer (Pioneer) EBIT : $-75 Mil (TTM As of Dec. 2018)


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What is Pioneer EBIT?

Pioneer's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2018 was $7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2018 was $-75 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pioneer's annualized ROC % for the quarter that ended in Dec. 2018 was 2.57%. Pioneer's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2018 was 7.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pioneer's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2018 was -7.70%.


Pioneer EBIT Historical Data

The historical data trend for Pioneer'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.

Pioneer EBIT Chart

Pioneer Annual Data
Trend Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 85.32 229.75 53.67 -14.54 -37.62

Pioneer Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
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 -13.81 -11.80 -49.14 -21.54 7.14

Competitive Comparison of Pioneer's EBIT

For the Consumer Electronics subindustry, Pioneer'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.


Pioneer's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Pioneer's EV-to-EBIT distribution charts can be found below:

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



Pioneer 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. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-75 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.


Pioneer  (OTCPK:PNCOY) EBIT Explanation

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

Pioneer's annualized ROC % for the quarter that ended in Dec. 2018 is calculated as:

ROC % (Q: Dec. 2018 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2018 ) + Invested Capital (Q: Dec. 2018 ))/ count )
=-59.252 * ( 1 - 181.76% )/( (1937.717 + 1835.857)/ 2 )
=48.4444352/1886.787
=2.57 %

where

Invested Capital(Q: Sep. 2018 )
=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))
=2457.506 - 507.086 - ( 250.015 - max(0, 1304.446 - 1317.149+250.015))
=1937.717

Invested Capital(Q: Dec. 2018 )
=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))
=2294.941 - 460.279 - ( 240.081 - max(0, 1173.224 - 1172.029+240.081))
=1835.857

Note: The Operating Income data used here is four times the quarterly (Dec. 2018) data.

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

Pioneer's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2018 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2018 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2018  Q: Dec. 2018
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=28.556/( ( (314.477 + max(103.865, 0)) + (272.604 + max(72.781, 0)) )/ 2 )
=28.556/( ( 418.342 + 345.385 )/ 2 )
=28.556/381.8635
=7.48 %

where Working Capital is:

Working Capital(Q: Sep. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(472.152 + 473.561 + 121.421) - (507.086 + 0 + 456.183)
=103.865

Working Capital(Q: Dec. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(406.606 + 417.961 + 107.381) - (460.279 + 0 + 398.888)
=72.781

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2018) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2018 )
=-75.337/978.338
=-7.70 %

* 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.


Pioneer EBIT Related Terms

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Pioneer (Pioneer) Business Description

Traded in Other Exchanges
N/A
Address
1-1 Shin-ogura Saiwai-ku, Kawasaki-shi, Kanagawa, JPN, 212-0031
Pioneer is a Japan-based company that is principally engaged in manufacturing car electronics products. The company conducts operating through two segments. The car electronics segment is involved in developing, manufacturing, and selling car electronics products and offering services for cars. This segment contributes the majority of total revenue, with its primary products consisting of car navigation systems, car stereos, car AV systems, and car speakers. The other segment is involved in developing new businesses, such as medical and healthcare-related devices and organic light-emitting diode lighting. The company has a global business presence, with Japan, North America, and Europe jointly accounting for the majority of total revenue.

Pioneer (Pioneer) Headlines

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