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Nippon Paper Group, (TSE:3893) EBIT : 円29,424 Mil (TTM As of Dec. 2012)


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What is Nippon Paper Group, EBIT?

Nippon Paper Group,'s earnings before interest and taxes (EBIT) for the three months ended in Dec. 2012 was 円4,774 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2012 was 円29,424 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nippon Paper Group,'s annualized ROC % for the quarter that ended in Dec. 2012 was 1.18%. Nippon Paper Group,'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2012 was 2.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nippon Paper Group,'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2012 was 17.33%.

Nippon Paper Group, EBIT Historical Data

The historical data trend for Nippon Paper Group,'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.

Nippon Paper Group, EBIT Chart

Nippon Paper Group, Annual Data
Trend Mar03 Mar04 Mar05 Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32,834.00 19,951.00 43,149.00 35,608.00 36,524.00

Nippon Paper Group, Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12
EBIT Get a 7-Day Free Trial 10,175.00 11,909.00 6,005.00 6,736.00 4,774.00

Competitive Comparison of Nippon Paper Group,'s EBIT

For the Paper & Paper Products subindustry, Nippon Paper Group,'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.

Nippon Paper Group,'s EV-to-EBIT Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Nippon Paper Group,'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Nippon Paper Group,'s EV-to-EBIT falls into.


Nippon Paper Group, 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. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was 円29,424 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.

Nippon Paper Group,  (TSE:3893) EBIT Explanation

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

Nippon Paper Group,'s annualized ROC % for the quarter that ended in Dec. 2012 is calculated as:

ROC % (Q: Dec. 2012 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2012 ) + Invested Capital (Q: Dec. 2012 ))/ count )
=19096 * ( 1 - 17.85% )/( (1339137 + 1317203)/ 2 )
=15687.364/1328170
=1.18 %

where

Invested Capital(Q: Sep. 2012 )
=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))
=1506151 - 120644 - ( 100427 - max(0, 484454 - 530824+100427))
=1339137

Invested Capital(Q: Dec. 2012 )
=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))
=1502053 - 133231 - ( 73004 - max(0, 471393 - 523012+73004))
=1317203

Note: The Operating Income data used here is four times the quarterly (Dec. 2012) data.

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

Nippon Paper Group,'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2012 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2012 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2012  Q: Dec. 2012
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=19096/( ( (754249 + max(-29716, 0)) + (749513 + max(-21379, 0)) )/ 2 )
=19096/( ( 754249 + 749513 )/ 2 )
=19096/751881
=2.54 %

where Working Capital is:

Working Capital(Q: Sep. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 166758 + 50023) - (120644 + 0 + 125853)
=-29716

Working Capital(Q: Dec. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 156654 + 63814) - (133231 + 0 + 108616)
=-21379

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2012) EBIT data.

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

Nippon Paper Group,'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2012 )
=29424/169753.000
=17.33 %

* 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.

Nippon Paper Group, EBIT Related Terms

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