Sumitomo Electric Industries (FRA:SMO) EBIT : €1,683 Mil (TTM As of Dec. 2023)

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What is Sumitomo Electric Industries EBIT?

Sumitomo Electric Industries's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was €547 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €1,683 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sumitomo Electric Industries's annualized ROC % for the quarter that ended in Dec. 2023 was 7.05%. Sumitomo Electric Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 16.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sumitomo Electric Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.35%.

Sumitomo Electric Industries EBIT Historical Data

The historical data trend for Sumitomo Electric Industries'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.

Sumitomo Electric Industries EBIT Chart

Sumitomo Electric Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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1,182.09

894.44

1,267.15

1,485.43

1,644.90

Sumitomo Electric Industries 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															658.81	151.75	299.03	546.77	685.26

Competitive Comparison of Sumitomo Electric Industries's EBIT

For the Auto Parts subindustry, Sumitomo Electric Industries'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.

Sumitomo Electric Industries's EV-to-EBIT Distribution in the Vehicles & Parts Industry

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

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

Sumitomo Electric Industries 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 €1,683 Mil.

Sumitomo Electric Industries (FRA:SMO) EBIT Explanation

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

Sumitomo Electric Industries'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 )
=	2063.592 * ( 1 - 26.13% )	/	( (21546.538	+	21676.57)	/ 2 )
=	1524.3754104	/	21611.554
=	7.05 %

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	))
=	26354.027	-	3229.936	-	( 1577.553	-	max(0, 8464.308	-	13700.639	+	1577.553	))
=	21546.538

	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	))
=	26883.558	-	3242.515	-	( 1964.473	-	max(0, 8826.52	-	14244.629	+	1964.473	))
=	21676.57

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

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

Sumitomo Electric Industries'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 )
=	2187.072	/	( ( (7003.889 + max(6603.307, 0))	+	(6866.461 + max(6740.548, 0)) )	/	2 )
=	2187.072	/	( ( 13607.196	+	13607.009 )	/	2 )
=	2187.072	/	13607.1025
=	16.07 %

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)
=	(5403.501	+	5717.807	+	1001.778)	-	(3229.936	+	0	+	2289.843)
=	6603.307

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5453.915	+	5730.432	+	1095.809)	-	(3242.515	+	0	+	2297.093)
=	6740.548

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:

Sumitomo Electric Industries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1682.813	/	13624.567
	=	12.35 %

Sumitomo Electric Industries EBIT Related Terms

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Sumitomo Electric Industries (FRA:SMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sumitomo Electric Industries Ltd (FRA:SMO) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SMTOY:USA 5802:Japan SMO:Germany

Address

4-5-33, Kitahama, Chuo-ku, Osaka, JPN, 541-0041

Website

http://www.sei.co.jp

Sumitomo Electric Industries Ltd manufactures and sells electric wires and cables, and other products. The company is engaged in diversified business activities supporting people's daily lives and industry through five business segments: Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Others. The Automobile-related segment offers wire harnesses, rubber cushions, hoses for automobiles, automobile electrical parts and others. Sumitomo's Information Communications-related segment offers fiber-optic cables, electrical cables and equipment for communications use, optical communications-related parts and others. It derives most of the revenue from Japan.

Sumitomo Electric Industries (FRA:SMO) Headlines

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