Hino Motors (Hino Motors) EBIT : $364 Mil (TTM As of Dec. 2023)

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What is Hino Motors EBIT?

Hino Motors's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $364 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hino Motors's annualized ROC % for the quarter that ended in Dec. 2023 was -1.37%. Hino Motors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -0.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hino Motors's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.78%.

Hino Motors EBIT Historical Data

The historical data trend for Hino Motors'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.

Hino Motors EBIT Chart

Hino Motors Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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534.07

20.46

-241.49

-618.95

365.08

Hino Motors 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															-616.24	-58.99	179.38	-5.70	249.20

Competitive Comparison of Hino Motors's EBIT

For the Farm & Heavy Construction Machinery subindustry, Hino Motors'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.

Hino Motors's EV-to-EBIT Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Hino Motors's EV-to-EBIT distribution charts can be found below:

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

Hino Motors 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 $364 Mil.

Hino Motors (GREY:HINOF) EBIT Explanation

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

Hino Motors'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 )
=	-58.256 * ( 1 - -98.74% )	/	( (8312.869	+	8581.888)	/ 2 )
=	-115.7779744	/	8447.3785
=	-1.37 %

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	))
=	9624.269	-	1610.112	-	( 593.987	-	max(0, 5551.01	-	5252.298	+	593.987	))
=	8312.869

	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	))
=	9756.038	-	1514.722	-	( 602.869	-	max(0, 5652.282	-	5311.71	+	602.869	))
=	8581.888

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

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

Hino Motors'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 )
=	-22.78	/	( ( (3045.771 + max(964.483, 0))	+	(3120.227 + max(1133.499, 0)) )	/	2 )
=	-22.78	/	( ( 4010.254	+	4253.726 )	/	2 )
=	-22.78	/	4131.99
=	-0.55 %

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)
=	(1933.823	+	2168.697	+	555.791)	-	(1610.112	+	0	+	2083.716)
=	964.483

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1828.728	+	2248.039	+	632.074)	-	(1514.722	+	0	+	2060.62)
=	1133.499

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	363.892	/	3721.657
	=	9.78 %

Hino Motors EBIT Related Terms

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Hino Motors (Hino Motors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hino Motors Ltd (GREY:HINOF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

HINOY:USA 7205:Japan 7205:Japan HMO:Germany

Address

1-1 Hinodai 3-chome, Hino-shi, Tokyo, JPN

Website

http://www.hino-global.com

Hino Motors Ltd is a Japanese automobile manufacturer, and a subsidiary of Toyota Motor. The company primarily manufactures and sells medium and heavy commercial vehicles, such as trucks and buses, and light commercial vehicles under the Hino brand. These operations contribute the majority of consolidated revenue. In addition, Hino manufactures passenger vehicles under the Toyota brand, along with engines and spare parts. Domestic sales represent the largest share of Hino's revenue, with Asia excluding Japan the next most significant contributor.

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