ITOCHU-SHOKUHIN Co (TSE:2692) EBIT : 円9,368 Mil (TTM As of Dec. 2023)

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What is ITOCHU-SHOKUHIN Co EBIT?

ITOCHU-SHOKUHIN Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円4,537 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円9,368 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ITOCHU-SHOKUHIN Co's annualized ROC % for the quarter that ended in Dec. 2023 was 8.36%. ITOCHU-SHOKUHIN Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 52.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ITOCHU-SHOKUHIN Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.19%.

ITOCHU-SHOKUHIN Co EBIT Historical Data

The historical data trend for ITOCHU-SHOKUHIN Co'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.

ITOCHU-SHOKUHIN Co EBIT Chart

ITOCHU-SHOKUHIN Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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6,026.00

6,045.00

6,596.00

7,404.00

9,368.00

ITOCHU-SHOKUHIN Co 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															-1,175.00	2,761.00	2,334.00	4,537.00	-264.00

Competitive Comparison of ITOCHU-SHOKUHIN Co's EBIT

For the Food Distribution subindustry, ITOCHU-SHOKUHIN Co'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.

ITOCHU-SHOKUHIN Co's EV-to-EBIT Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, ITOCHU-SHOKUHIN Co's EV-to-EBIT distribution charts can be found below:

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

ITOCHU-SHOKUHIN Co 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9,368 Mil.

ITOCHU-SHOKUHIN Co (TSE:2692) EBIT Explanation

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

ITOCHU-SHOKUHIN Co'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 )
=	15540 * ( 1 - 30.12% )	/	( (127806	+	131920)	/ 2 )
=	10859.352	/	129863
=	8.36 %

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	))
=	287465	-	158088	-	( 1571	-	max(0, 171184	-	222303	+	1571	))
=	127806

	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	))
=	316601	-	183227	-	( 1454	-	max(0, 199484	-	253100	+	1454	))
=	131920

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

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

ITOCHU-SHOKUHIN Co'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 )
=	18148	/	( ( (15097 + max(19431, 0))	+	(14783 + max(19893, 0)) )	/	2 )
=	18148	/	( ( 34528	+	34676 )	/	2 )
=	18148	/	34602
=	52.45 %

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)
=	(109925	+	18518	+	61654)	-	(158088	+	0	+	12578)
=	19431

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(135197	+	24168	+	59492)	-	(183227	+	0	+	15737)
=	19893

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:

ITOCHU-SHOKUHIN Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	9368	/	91938.005
	=	10.19 %

ITOCHU-SHOKUHIN Co EBIT Related Terms

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ITOCHU-SHOKUHIN Co (TSE:2692) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » ITOCHU-SHOKUHIN Co Ltd (TSE:2692) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-2-22 Shiromi, Chuo-ku, Osaka, JPN, 540-8522

Website

http://www.itochu-shokuhin.com

ITOCHU-SHOKUHIN Co Ltd is a Japan-based wholesale and distribution of Food company. It is mainly engaged in the sale of food and beverages. Its business division includes The Food Wholesale division which is engaged in the purchase and wholesale of food products and alcohol, the storage and transportation of its products, the provision of information regarding various products, as well as the merchandising business related to product distribution. The others division is involved in the logistics management and transportation business, the retail business, the service business, as well as the food product manufacturing business.

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