ITOCHU (FRA:IOC) EBIT : €7,600 Mil (TTM As of Mar. 2024)

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What is ITOCHU EBIT?

ITOCHU's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €1,667 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €7,600 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ITOCHU's annualized ROC % for the quarter that ended in Mar. 2024 was 4.57%. ITOCHU's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 32.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ITOCHU's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.13%.

ITOCHU EBIT Historical Data

The historical data trend for ITOCHU'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.

ITOCHU EBIT Chart

ITOCHU Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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6,380.04

4,240.17

9,028.17

8,201.59

7,346.49

ITOCHU 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															1,414.17	2,112.56	1,882.59	1,938.32	1,666.73

Competitive Comparison of ITOCHU's EBIT

For the Conglomerates subindustry, ITOCHU'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.

ITOCHU's EV-to-EBIT Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, ITOCHU's EV-to-EBIT distribution charts can be found below:

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

ITOCHU 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €7,600 Mil.

ITOCHU (FRA:IOC) EBIT Explanation

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

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

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	3887.468 * ( 1 - 19.52% )	/	( (68418.754	+	68499.32)	/ 2 )
=	3128.6342464	/	68459.037
=	4.57 %

where

	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	))
=	91454.365	-	18827.467	-	( 4208.144	-	max(0, 30285.007	-	36961.421	+	4208.144	))
=	68418.754

	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	))
=	88977.77	-	16247.08	-	( 4231.37	-	max(0, 26665.542	-	34534.097	+	4231.37	))
=	68499.32

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

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

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

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	6666.924	/	( ( (13031.117 + max(7688.996, 0))	+	(12960.785 + max(7799.017, 0)) )	/	2 )
=	6666.924	/	( ( 20720.113	+	20759.802 )	/	2 )
=	6666.924	/	20739.9575
=	32.15 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(19096.75	+	9496.889	+	2554.485)	-	(18827.467	+	0	+	4631.661)
=	7688.996

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(17385.178	+	8487.537	+	2745.522)	-	(16247.08	+	0	+	4572.14)
=	7799.017

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	7600.195	/	83219.367
	=	9.13 %

ITOCHU EBIT Related Terms

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ITOCHU (FRA:IOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » ITOCHU Corp (FRA:IOC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ITOCY:USA ITOCF:USA 8001:Japan IOC:Austria

Address

5-1, Kita Aoyama 2-chome, Minato-ku, Tokyo, JPN, 107-8077

Website

https://www.itochu.co.jp

ITOCHU Corp is a group of businesses that engage in importing, exporting, and trading various products. The traded goods include textiles, machinery, metals, minerals, energy, chemicals, food, general products, realty, and information and communications technology. The largest segments by net profit to the group are Food and Energy and Chemicals. Food segment pursues efficiency-oriented operations from production and distribution to retail in all areas of food from raw materials to finished products both in Japan and overseas. The energy and chemicals segment trades crude oil and oil derivatives and chemicals.