BRDCY (Bridgestone) EBIT : $3,433 Mil (TTM As of Jun. 2024)

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What is Bridgestone EBIT?

Bridgestone's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was $1,053 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $3,433 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bridgestone's annualized ROC % for the quarter that ended in Jun. 2024 was 10.56%. Bridgestone's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 19.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bridgestone's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 13.80%.

Bridgestone EBIT Historical Data

The historical data trend for Bridgestone'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.

Bridgestone EBIT Chart

Bridgestone Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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3,334.84

492.61

3,459.57

3,449.26

3,628.94

Bridgestone Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															937.18	804.66	873.24	1,053.14	701.90

Competitive Comparison of Bridgestone's EBIT

For the Auto Parts subindustry, Bridgestone'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.

Bridgestone's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bridgestone's EV-to-EBIT distribution charts can be found below:

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

Bridgestone 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,433 Mil.

Bridgestone (OTCPK:BRDCY) EBIT Explanation

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

Bridgestone's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2024 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	4121.728 * ( 1 - 26.96% )	/	( (28534.661	+	28475.776)	/ 2 )
=	3010.5101312	/	28505.2185
=	10.56 %

where

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	37321.294	-	4297.384	-	( 4489.249	-	max(0, 8191.827	-	18319.014	+	4489.249	))
=	28534.661

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	37157.836	-	4510.642	-	( 4171.418	-	max(0, 7685.69	-	18379.767	+	4171.418	))
=	28475.776

Note: The Operating Income data used here is four times the quarterly (Jun. 2024) data.

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

Bridgestone's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2024		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	4212.544	/	( ( (14169.549 + max(7652.728, 0))	+	(14005.644 + max(7865.748, 0)) )	/	2 )
=	4212.544	/	( ( 21822.277	+	21871.392 )	/	2 )
=	4212.544	/	21846.8345
=	19.28 %

where Working Capital is:

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6548.9	+	6291.428	+	989.437)	-	(4297.384	+	0	+	1879.653)
=	7652.728

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6725.953	+	6410.452	+	1071.944)	-	(4510.642	+	0	+	1831.959)
=	7865.748

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	3432.935	/	24875.497
	=	13.80 %

Bridgestone EBIT Related Terms

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Bridgestone Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Bridgestone Corp (OTCPK:BRDCY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

BRDCF:USA 5108:Japan BGTA:Germany BGT:Germany BGT:Germany

Address

1-1-3 Kyobashi, Chuo-ku, Tokyo, JPN, 104-8340

Website

http://www.bridgestone.co.jp

Bridgestone Corp is engaged in developing, manufacturing and marketing tires and diversified products. The company manufactures tires and tubes for passenger cars, trucks and buses, construction and mining vehicles, industrial machinery, agricultural machinery, aircraft, motorcycles and scooters and others. Its tire operations include retread business, automotive maintenance and repairs, retail business and raw material supplies, as well as tire development, manufacturing, and marketing. Bridgestone also provides diversified products that include, industrial products, chemical products, automotive components, construction materials, electronic equipment, bicycles, and sporting goods.