Shin-Etsu Chemical Co (Shin-Etsu Chemical Co) EBIT : $5,488 Mil (TTM As of Dec. 2023)

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What is Shin-Etsu Chemical Co EBIT?

Shin-Etsu Chemical Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $1,624 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $5,488 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shin-Etsu Chemical Co's annualized ROC % for the quarter that ended in Dec. 2023 was 15.24%. Shin-Etsu Chemical Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 36.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shin-Etsu Chemical Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.82%.

Shin-Etsu Chemical Co EBIT Historical Data

The historical data trend for Shin-Etsu Chemical 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.

Shin-Etsu Chemical Co EBIT Chart

Shin-Etsu Chemical Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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3,963.75

3,608.25

5,879.03

7,643.78

5,320.93

Shin-Etsu Chemical 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															1,469.32	1,591.11	1,061.94	1,623.60	1,211.37

Competitive Comparison of Shin-Etsu Chemical Co's EBIT

For the Chemicals subindustry, Shin-Etsu Chemical 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.

Shin-Etsu Chemical Co's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shin-Etsu Chemical Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shin-Etsu Chemical Co's EV-to-EBIT falls into.

Shin-Etsu Chemical 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 $5,488 Mil.

Shin-Etsu Chemical Co (OTCPK:SHECF) EBIT Explanation

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

Shin-Etsu Chemical 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 )
=	4934.216 * ( 1 - 32% )	/	( (21240.955	+	22803.909)	/ 2 )
=	3355.26688	/	22022.432
=	15.24 %

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	))
=	34447.624	-	1576.164	-	( 11630.505	-	max(0, 3427.055	-	20566.37	+	11630.505	))
=	21240.955

	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	))
=	35586.412	-	1126.985	-	( 11655.518	-	max(0, 3350.799	-	20848.276	+	11655.518	))
=	22803.909

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

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

Shin-Etsu Chemical 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 )
=	6494.416	/	( ( (11440.062 + max(5574.967, 0))	+	(12239.149 + max(5889.944, 0)) )	/	2 )
=	6494.416	/	( ( 17015.029	+	18129.093 )	/	2 )
=	6494.416	/	17572.061
=	36.96 %

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)
=	(3548.635	+	4867.828	+	519.402)	-	(1576.164	+	0	+	1784.734)
=	5574.967

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3615.173	+	5010.31	+	567.275)	-	(1126.985	+	0	+	2175.829)
=	5889.944

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:

Shin-Etsu Chemical Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	5488.027	/	70168.535
	=	7.82 %

Shin-Etsu Chemical Co EBIT Related Terms

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Shin-Etsu Chemical Co (Shin-Etsu Chemical Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shin-Etsu Chemical Co Ltd (OTCPK:SHECF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SHECY:USA 4063:Japan SEH:Germany

Address

6-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-0004

Website

http://www.shinetsu.co.jp

Shin-Etsu Chemical Co Ltd is a Japan-based company primarily engaged in chemical business. The company operates in six business segments namely Poly Vinyl Chloride, Specialty Chemicals, Silicon, Semiconductor Silicon, Electronic and Functional Materials and Diversified business. It derives majority of revenue through Poly Vinyl Chloride segment which manufactures and sells vinyl chloride, caustic soda products, chloromethane and methanol. The group is also involved in manufacturing and selling of various other chemical products such as Polyvinyl alcohol, Synthetic pheromones, Rare-earth magnets for electronics industry and general applications, Photoresists, Photomask blanks and others. Geographically, it operates from the market of Japan and its business is amplifying across the globe.

Shin-Etsu Chemical Co (Shin-Etsu Chemical Co) Headlines

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