Tsubakimoto Chain Co (TSE:6371) EBIT : 円26,213 Mil (TTM As of Dec. 2023)

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What is Tsubakimoto Chain Co EBIT?

Tsubakimoto Chain Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円6,553 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円26,213 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tsubakimoto Chain Co's annualized ROC % for the quarter that ended in Dec. 2023 was 5.86%. Tsubakimoto Chain Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tsubakimoto Chain Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 16.04%.

Tsubakimoto Chain Co EBIT Historical Data

The historical data trend for Tsubakimoto Chain 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.

Tsubakimoto Chain Co EBIT Chart

Tsubakimoto Chain Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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17,190.00

12,479.00

20,377.00

18,575.00

26,213.00

Tsubakimoto Chain 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															2,850.00	5,054.00	5,914.00	6,553.00	8,692.00

Competitive Comparison of Tsubakimoto Chain Co's EBIT

For the Specialty Industrial Machinery subindustry, Tsubakimoto Chain 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.

Tsubakimoto Chain Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tsubakimoto Chain Co's EV-to-EBIT distribution charts can be found below:

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

Tsubakimoto Chain 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26,213 Mil.

Tsubakimoto Chain Co (TSE:6371) EBIT Explanation

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

Tsubakimoto Chain 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 )
=	22908 * ( 1 - 27.83% )	/	( (282741	+	281355)	/ 2 )
=	16532.7036	/	282048
=	5.86 %

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	))
=	374983	-	22522	-	( 69720	-	max(0, 76640	-	198340	+	69720	))
=	282741

	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	))
=	373733	-	21331	-	( 71047	-	max(0, 77522	-	199695	+	71047	))
=	281355

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

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

Tsubakimoto Chain 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 )
=	26212	/	( ( (119177 + max(64340, 0))	+	(117283 + max(64228, 0)) )	/	2 )
=	26212	/	( ( 183517	+	181511 )	/	2 )
=	26212	/	182514
=	14.36 %

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)
=	(46157	+	59052	+	23411)	-	(22522	+	0	+	41758)
=	64340

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(45655	+	58626	+	24367)	-	(21331	+	0	+	43089)
=	64228

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:

Tsubakimoto Chain Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	26213	/	163394.781
	=	16.04 %

Tsubakimoto Chain Co EBIT Related Terms

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Tsubakimoto Chain Co (TSE:6371) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tsubakimoto Chain Co (TSE:6371) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

TSB:Germany

Address

Nakanoshima Mitsui Building, 6F, 3-3-3, Nakanoshima, Kita-ku, Osaka, JPN, 530-0005

Website

http://www.tsubakimoto.jp

Tsubakimoto Chain Co. is a Japan-based company that is engaged in manufacturing and sales of various variable speed drives, handling equipment and other related products and services. The company operates through four divisions. The Chain operation supplies chain products, including drive chains and conveyor chains. The Automotive Parts operation provides automotive timing drive systems, timing belts, long belts and others. The Power Transmission Unites and Component operation provides reducers, variable speed drives, motion control units and others. The Materials Handling Systems operation supplies sorting systems, conveyance systems, storage and picking systems and others. The company generates most of its revenue from Japan, America and Europe.

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