PT Steel Pipe Industry of Indonesia Tbk (ISX:ISSP) EBIT : Rp771,676 Mil (TTM As of Dec. 2023)

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What is PT Steel Pipe Industry of Indonesia Tbk EBIT?

PT Steel Pipe Industry of Indonesia Tbk's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was Rp141,422 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was Rp771,676 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PT Steel Pipe Industry of Indonesia Tbk's annualized ROC % for the quarter that ended in Dec. 2023 was 11.33%. PT Steel Pipe Industry of Indonesia Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PT Steel Pipe Industry of Indonesia Tbk's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 19.18%.

PT Steel Pipe Industry of Indonesia Tbk EBIT Historical Data

The historical data trend for PT Steel Pipe Industry of Indonesia Tbk'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.

PT Steel Pipe Industry of Indonesia Tbk EBIT Chart

PT Steel Pipe Industry of Indonesia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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402,599.00

273,384.00

740,273.00

490,186.00

771,676.00

PT Steel Pipe Industry of Indonesia Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															5,059.00	199,535.00	175,711.00	255,008.00	141,422.00

Competitive Comparison of PT Steel Pipe Industry of Indonesia Tbk's EBIT

For the Steel subindustry, PT Steel Pipe Industry of Indonesia Tbk'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.

PT Steel Pipe Industry of Indonesia Tbk's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, PT Steel Pipe Industry of Indonesia Tbk's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where PT Steel Pipe Industry of Indonesia Tbk's EV-to-EBIT falls into.

PT Steel Pipe Industry of Indonesia Tbk 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 Rp771,676 Mil.

PT Steel Pipe Industry of Indonesia Tbk (ISX:ISSP) EBIT Explanation

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

PT Steel Pipe Industry of Indonesia Tbk'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 )
=	1088940 * ( 1 - 22.26% )	/	( (7491171	+	7449407)	/ 2 )
=	846541.956	/	7470289
=	11.33 %

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	))
=	7803760	-	242572	-	( 70017	-	max(0, 2330948	-	4900701	+	70017	))
=	7491171

	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	))
=	7971708	-	345363	-	( 176938	-	max(0, 2497358	-	5074574	+	176938	))
=	7449407

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

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

PT Steel Pipe Industry of Indonesia Tbk'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 )
=	565688	/	( ( (2853531 + max(4533272, 0))	+	(2849759 + max(4489435, 0)) )	/	2 )
=	565688	/	( ( 7386803	+	7339194 )	/	2 )
=	565688	/	7362998.5
=	7.68 %

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)
=	(1290132	+	3456788	+	82308)	-	(242572	+	0	+	53384)
=	4533272

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1134793	+	3676658	+	84722)	-	(345363	+	0	+	61375)
=	4489435

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:

PT Steel Pipe Industry of Indonesia Tbk's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	771676	/	4022432.406
	=	19.18 %

PT Steel Pipe Industry of Indonesia Tbk EBIT Related Terms

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PT Steel Pipe Industry of Indonesia Tbk (ISX:ISSP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » PT Steel Pipe Industry of Indonesia Tbk (ISX:ISSP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

S08:Germany

Address

Jalan Kalibutuh No. 189-191, East Java, Surabaya, IDN, 60173

Website

https://www.spindo.com

PT Steel Pipe Industry of Indonesia Tbk is an Indonesia-based company engaged in manufacturing steel pipes. The company's products include black pipes, water pipes, mechanical pipes, furniture pipes, API pipes, steel poles, spiral pipes as well as industrial and ornament stainless steel pipes. The segments of the company are Steel Pipe Mill; Spiral Steel Pipe Mill, Strips and Plate and Services, and others. The company's products are used for furniture, water supply system, general construction, automotive components, oil and gas, mechanical structures, and chemical industries. Geographically all operations functioned through the regions of Indonesia.

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