Yakult Honsha Co (TSE:2267) EBIT

: 円77,227 Mil (TTM As of Dec. 2023)

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Yakult Honsha Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円26,816 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円77,227 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Yakult Honsha Co's annualized ROC % for the quarter that ended in Dec. 2023 was 11.27%. Yakult Honsha Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 39.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Yakult Honsha Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.50%.

Yakult Honsha Co EBIT Historical Data

The historical data trend for Yakult Honsha 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.

Yakult Honsha Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

56,529.00

59,603.00

60,094.00

70,159.00

79,195.00

Yakult Honsha Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT																28,677.00	7,905.00	21,021.00	21,485.00	26,816.00

Competitive Comparison

For the Beverages - Non-Alcoholic subindustry, Yakult Honsha 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.

Yakult Honsha Co EV-to-EBIT Distribution

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Yakult Honsha Co's EV-to-EBIT distribution charts can be found below:

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

Yakult Honsha 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77,227 Mil.

Yakult Honsha Co (TSE:2267) EBIT Explanation

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

Yakult Honsha 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 )
=	82388 * ( 1 - 26.4% )	/	( (529274	+	546755)	/ 2 )
=	60637.568	/	538014.5
=	11.27 %

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	))
=	815979	-	34924	-	( 262725	-	max(0, 137443	-	389224	+	262725	))
=	529274

	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	))
=	828334	-	32915	-	( 271046	-	max(0, 147210	-	395874	+	271046	))
=	546755

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

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

Yakult Honsha 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 )
=	107264	/	( ( (236250 + max(37257, 0))	+	(242130 + max(32177, 0)) )	/	2 )
=	107264	/	( ( 273507	+	274307 )	/	2 )
=	107264	/	273907
=	39.16 %

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)
=	(67300	+	40098	+	19101)	-	(34924	+	0	+	54318)
=	37257

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(68613	+	37546	+	18669)	-	(32915	+	0	+	59736)
=	32177

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	77227	/	735283.691
	=	10.50 %

Yakult Honsha Co EBIT Related Terms

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Yakult Honsha Co (TSE:2267) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Yakult Honsha Co Ltd (TSE:2267) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

YKLTY:USA YKH:Germany

Address

1-19 Higashi Shimbashi 1-chome, Minato-ku, Tokyo, JPN, 105-0021

Website

http://www.yakult.co.jp

Yakult is a pioneer in probiotics, which launched the probiotic drinks Yakult in 1935 after Minoru Shirota's discovery of Lactobacillus casei strain Shirota, a strain of lactic acid bacteria proved to be able to live in intestines, in 1930. It operates in 40 countries across four continents selling mainly the Yakult probiotic drinks. Apart from the retail outlets, the home delivery channel, served by a team of 83,000 Yakult Ladies globally, contributes about 45% of its probiotic drink volume. Overseas markets comprise 40% of group sales and profits. Yakult has built a meaningful presence in populated emerging markets including China, Indonesia, Mexico, and Brazil. It plans to step up expansion in the U.S. It also operates a pharmaceutical business with an emphasis on oncology drugs.

Yakult Honsha Co (TSE:2267) Headlines

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