SMC (FRA:QMC) EBIT : €1,524 Mil (TTM As of Sep. 2024)

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What is SMC EBIT?

SMC's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was €198 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was €1,524 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SMC's annualized ROC % for the quarter that ended in Sep. 2024 was 10.80%. SMC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 11.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SMC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 6.99%.

SMC EBIT Historical Data

The historical data trend for SMC'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.

SMC EBIT Chart

SMC Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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1,330.23

1,334.24

2,090.74

2,158.36

1,551.99

SMC 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															191.34	519.46	405.59	400.67	197.99

Competitive Comparison of SMC's EBIT

For the Specialty Industrial Machinery subindustry, SMC'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.

SMC's EV-to-EBIT Distribution in the Industrial Products Industry

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

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

SMC 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,524 Mil.

SMC (FRA:QMC) EBIT Explanation

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

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

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	1188.492 * ( 1 - 17.53% )	/	( (0	+	9079.135)	/ 1 )
=	980.1493524	/	9079.135
=	10.80 %

where

	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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	Invested Capital		(Q: Sep. 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	))
=	12994.073	-	452.529	-	( 3462.409	-	max(0, 908.702	-	8516.597	+	3462.409	))
=	9079.135

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

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

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

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	791.976	/	( ( (0 + max(0, 0))	+	(2718.114 + max(4190.406, 0)) )	/	1 )
=	791.976	/	( ( 0	+	6908.52 )	/	1 )
=	791.976	/	6908.52
=	11.46 %

where Working Capital is:

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

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1246.654	+	3188.921	+	618.613)	-	(452.529	+	0	+	411.253)
=	4190.406

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	1523.709	/	21806.995
	=	6.99 %

SMC EBIT Related Terms

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SMC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SMC Corp (FRA:QMC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SMECF:USA SMCAY:USA 6273:Japan QMC:Germany

Address

4-14-1, Soto-Kanda, Chiyoda-ku, Tokyo, JPN, 101-0021

Website

http://www.smcworld.com

SMC Corp (domiciled in Japan) manufactures automatic control and filtration equipment. Its filters, valves, cylinders, and actuators are sold to customers in various industrial markets, and contribute to automated operations. The company has two reportable business segments: automatic control equipment (majority of total revenues), and others. SMC operates several production facilities, sales offices, and technical development centers to construct various components and streamline the process. Asia accounts for majority of total sales, but the company does utilize offices in the United States, Europe, and other regions of the world. It works to meet the rules and needs of foreign countries to ensure its products can be accepted in differentiated markets.

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