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Towa (TSE:6315) EBIT

: 円6,949 Mil (TTM As of Dec. 2023)
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Towa's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円1,600 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円6,949 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Towa's annualized ROC % for the quarter that ended in Dec. 2023 was 8.98%. Towa's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 15.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Towa's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.07%.


Towa EBIT Historical Data

The historical data trend for Towa'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.

Towa Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,026.73 694.45 3,869.91 11,747.79 10,253.63

Towa Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT 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 Premium Member Only Premium Member Only Premium Member Only 1,190.82 2,549.95 1,158.91 1,639.97 1,600.13

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, Towa'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.


Towa EV-to-EBIT Distribution

For the Semiconductors industry and Technology sector, Towa's EV-to-EBIT distribution charts can be found below:

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



Towa 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6,949 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.


Towa  (TSE:6315) EBIT Explanation

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

Towa'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 )
=6747.076 * ( 1 - 27.08% )/( (54473.702 + 55115.271)/ 2 )
=4919.9678192/54794.4865
=8.98 %

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))
=76586.425 - 3740.094 - ( 18372.629 - max(0, 21089.674 - 47531.401+18372.629))
=54473.702

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))
=77744.706 - 3939.487 - ( 18689.948 - max(0, 20234.295 - 47452.944+18689.948))
=55115.271

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

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

Towa'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 )
=6400.528/( ( (22068.387 + max(19779.098, 0)) + (21557.147 + max(19668.701, 0)) )/ 2 )
=6400.528/( ( 41847.485 + 41225.848 )/ 2 )
=6400.528/41536.6665
=15.41 %

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)
=(11350.697 + 16387.509 + 1420.566) - (3740.094 + 0 + 5639.58)
=19779.098

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8969.159 + 17800.258 + 1993.579) - (3939.487 + 0 + 5154.808)
=19668.701

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:

Towa's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=6948.966/226374.045
=3.07 %

* 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.


Towa EBIT Related Terms

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Towa (TSE:6315) Business Description

Traded in Other Exchanges
Address
5 Kamichoshi-cho, Kamitoba, Minami-ku, Kyoto, JPN, 601-8105
Towa Corp develops, manufactures and sells resin encapsulation systems for semiconductors and singulation systems. In addition, it also manufactures and sells precision molds for manufacturing semiconductors and plastic molded products. Its product portfolio is divided into two technologies molding including light-emitting diode, semiconductor, and sensors/module products and Singulation including semiconductor, and light-emitting diode-other applications. The company's segments include semiconductor equipment and fine plastic mold. The majority of the company revenue is derived from the sale of semiconductor equipment.

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