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Daiichi Commodities Co (TSE:8746) EBIT : 円148 Mil (TTM As of Dec. 2023)


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What is Daiichi Commodities Co EBIT?

Daiichi Commodities Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円339 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円148 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Daiichi Commodities Co's annualized ROC % for the quarter that ended in Dec. 2023 was 0.68%. Daiichi Commodities Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 658.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Daiichi Commodities Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.94%.


Daiichi Commodities Co EBIT Historical Data

The historical data trend for Daiichi Commodities 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.

Daiichi Commodities Co EBIT Chart

Daiichi Commodities Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 102.90 986.41 -1,005.50 -1,706.97 -368.24

Daiichi Commodities Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 178.22 -257.07 -36.88 103.34 339.02

Competitive Comparison of Daiichi Commodities Co's EBIT

For the Capital Markets subindustry, Daiichi Commodities 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.


Daiichi Commodities Co's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Daiichi Commodities Co's EV-to-EBIT distribution charts can be found below:

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



Daiichi Commodities 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148 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.


Daiichi Commodities Co  (TSE:8746) EBIT Explanation

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

Daiichi Commodities 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 )
=31.248 * ( 1 - 0.14% )/( (6805.292 + 2314.131)/ 2 )
=31.2042528/4559.7115
=0.68 %

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))
=8955.286 - 119.23 - ( 2030.764 - max(0, 3983.058 - 7502.628+2030.764))
=6805.292

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))
=5487.2 - 1.085 - ( 3171.984 - max(0, 79.431 - 4073.15+3171.984))
=2314.131

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

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

Daiichi Commodities 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 )
=1356.08/( ( (9.706 + max(-41.457, 0)) + (10.421 + max(392.028, 0)) )/ 2 )
=1356.08/( ( 9.706 + 402.449 )/ 2 )
=1356.08/206.0775
=658.04 %

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)
=(0.561 + 50.511 + 3870.529) - (119.23 + 0 + 3843.828)
=-41.457

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.839 + 368.422 + 98.198) - (1.085 + 0 + 78.346)
=392.028

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=148.401/2499.817
=5.94 %

* 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.


Daiichi Commodities Co EBIT Related Terms

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Daiichi Commodities Co (TSE:8746) Business Description

Traded in Other Exchanges
N/A
Address
9-1 Shinsen-cho, Shibuya-ku, Tokyo, JPN, 150 0045
Daiichi Commodities Co Ltd provides commodity futures trading services. It trades for its own account and clients. It also engages in commodity fund business, foreign exchange trading and sale of precious metals.

Daiichi Commodities Co (TSE:8746) Headlines

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