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Hirose Electric Co (Hirose Electric Co) EBIT : $270 Mil (TTM As of Mar. 2024)


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What is Hirose Electric Co EBIT?

Hirose Electric Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $54 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $270 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hirose Electric Co's annualized ROC % for the quarter that ended in Mar. 2024 was 8.47%. Hirose Electric Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 23.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hirose Electric Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.74%.


Hirose Electric Co EBIT Historical Data

The historical data trend for Hirose Electric Co'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.

Hirose Electric Co EBIT Chart

Hirose Electric Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 200.15 266.20 363.97 366.13 259.33

Hirose Electric Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 58.14 75.61 61.28 79.21 54.39

Competitive Comparison of Hirose Electric Co's EBIT

For the Electronic Components subindustry, Hirose Electric Co'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.


Hirose Electric Co's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hirose Electric Co's EV-to-EBIT distribution charts can be found below:

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



Hirose Electric Co 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 $270 Mil.

* 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.


Hirose Electric Co  (OTCPK:HRSEF) EBIT Explanation

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

Hirose Electric Co'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 )
=181.18 * ( 1 - 29.05% )/( (1528.981 + 1507.269)/ 2 )
=128.54721/1518.125
=8.47 %

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))
=2745.964 - 105.562 - ( 1111.421 - max(0, 151.811 - 1613.443+1111.421))
=1528.981

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))
=2692.923 - 94.955 - ( 1090.699 - max(0, 141.491 - 1564.959+1090.699))
=1507.269

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

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

Hirose Electric Co'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 )
=217.568/( ( (579.561 + max(357.677, 0)) + (577.912 + max(340.158, 0)) )/ 2 )
=217.568/( ( 937.238 + 918.07 )/ 2 )
=217.568/927.654
=23.45 %

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)
=(272.514 + 173.224 + 56.284) - (105.562 + 0 + 38.783)
=357.677

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(263.105 + 162.59 + 48.565) - (94.955 + 0 + 39.147)
=340.158

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=270.486/2777.855
=9.74 %

* 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.


Hirose Electric Co EBIT Related Terms

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Hirose Electric Co (Hirose Electric Co) Business Description

Traded in Other Exchanges
Address
5-23. Osaki 5-chome, shinagawa-ku, Tokyo, JPN, 141-8587
Hirose Electric Co Ltd is a Japan-based company that manufactures and distributes electrical and electronic connectors for use in automotive, mobile communication, telecommunications, networking, and smart grid applications. Its product portfolio includes printed circuit boards, optical connectors, fiber optic cables, sealed connectors, microwave components, switches and sensors, modular jacks and plugs, integrated circuit cards and sockets, and coaxial cables. The firm generates revenue in Europe, Asia, and North America.

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