Dainichiseika Color & Chemicals Mfg Co (TSE:4116) EBIT : 円5,619 Mil (TTM As of Dec. 2023)

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What is Dainichiseika Color & Chemicals Mfg Co EBIT?

Dainichiseika Color & Chemicals Mfg Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円1,815 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円5,619 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dainichiseika Color & Chemicals Mfg Co's annualized ROC % for the quarter that ended in Dec. 2023 was 3.75%. Dainichiseika Color & Chemicals Mfg Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Dainichiseika Color & Chemicals Mfg Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.32%.

Dainichiseika Color & Chemicals Mfg Co EBIT Historical Data

The historical data trend for Dainichiseika Color & Chemicals Mfg 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.

Dainichiseika Color & Chemicals Mfg Co EBIT Chart

Dainichiseika Color & Chemicals Mfg Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

Get a 7-Day Free Trial

5,194.00

8,698.00

8,908.00

3,276.00

5,619.00

Dainichiseika Color & Chemicals Mfg 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															-512.00	2,354.00	1,445.00	1,815.00	5.00

Competitive Comparison of Dainichiseika Color & Chemicals Mfg Co's EBIT

For the Specialty Chemicals subindustry, Dainichiseika Color & Chemicals Mfg 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.

Dainichiseika Color & Chemicals Mfg Co's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Dainichiseika Color & Chemicals Mfg Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Dainichiseika Color & Chemicals Mfg Co's EV-to-EBIT falls into.

Dainichiseika Color & Chemicals Mfg 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5,619 Mil.

Dainichiseika Color & Chemicals Mfg Co (TSE:4116) EBIT Explanation

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

Dainichiseika Color & Chemicals Mfg 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 )
=	7512 * ( 1 - 29.4% )	/	( (141280	+	141708)	/ 2 )
=	5303.472	/	141494
=	3.75 %

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	))
=	195107	-	29647	-	( 24180	-	max(0, 58733	-	112298	+	24180	))
=	141280

	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	))
=	197241	-	30550	-	( 24983	-	max(0, 59625	-	114048	+	24983	))
=	141708

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

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

Dainichiseika Color & Chemicals Mfg 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 )
=	7260	/	( ( (50355 + max(48493, 0))	+	(50516 + max(48847, 0)) )	/	2 )
=	7260	/	( ( 98848	+	99363 )	/	2 )
=	7260	/	99105.5
=	7.33 %

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)
=	(54000	+	32725	+	1393)	-	(29647	+	0	+	9978)
=	48493

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(54794	+	32875	+	1396)	-	(30550	+	0	+	9668)
=	48847

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:

Dainichiseika Color & Chemicals Mfg Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	5619	/	54455.902
	=	10.32 %

Dainichiseika Color & Chemicals Mfg Co EBIT Related Terms

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Dainichiseika Color & Chemicals Mfg Co (TSE:4116) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Dainichiseika Color & Chemicals Mfg Co Ltd (TSE:4116) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-7-6, Nihonbashi-Bakurocho, Chuo-ku, Tokyo, JPN, 103-8383

Website

http://www.daicolor.co.jp

Dainichiseika Color and Chemicals manufactures and sells pigments, plastics, and inks in five segments based on product type. The polymers segment, which generates the majority of revenue, sells plastic resins used to produce interior components for automobiles, polyurethane coatings and adhesives, and textile coatings. The pigments segment sells inorganic pigments and colorants. The prepared colors and chemicals segment sells colorants used in plastics and coatings. The printing inks segment sells inks for printing and gravure. The other segment leases real estate properties.

Dainichiseika Color & Chemicals Mfg Co (TSE:4116) Headlines

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