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NPSCY (Nippon Steel) EBIT : $5,028 Mil (TTM As of Sep. 2024)


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What is Nippon Steel EBIT?

Nippon Steel's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $1,007 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $5,028 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nippon Steel's annualized ROC % for the quarter that ended in Sep. 2024 was 3.37%. Nippon Steel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 9.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nippon Steel's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 12.87%.

Nippon Steel EBIT Historical Data

The historical data trend for Nippon Steel'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.

Nippon Steel EBIT Chart

Nippon Steel 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 -3,700.41 154.08 7,107.83 6,671.47 5,341.14

Nippon Steel 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 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 1,223.91 1,397.78 1,096.96 1,525.61 1,007.39

Competitive Comparison of Nippon Steel's EBIT

For the Steel subindustry, Nippon Steel'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.

Nippon Steel's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Nippon Steel's EV-to-EBIT distribution charts can be found below:

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


Nippon Steel 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 $5,028 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.

Nippon Steel  (OTCPK:NPSCY) EBIT Explanation

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

Nippon Steel'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 )
=2991.144 * ( 1 - 30.64% )/( (0 + 61616.149)/ 1 )
=2074.6574784/61616.149
=3.37 %

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))
=78354.317 - 12066.805 - ( 4671.363 - max(0, 17312.8 - 34090.106+4671.363))
=61616.149

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

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

Nippon Steel'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 )
=4029.576/( ( (0 + max(0, 0)) + (25138.576 + max(16790.716, 0)) )/ 1 )
=4029.576/( ( 0 + 41929.292 )/ 1 )
=4029.576/41929.292
=9.61 %

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)
=(11474.069 + 16338.675 + 1605.999) - (12066.805 + 0 + 561.222)
=16790.716

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=5027.736/39051.948
=12.87 %

* 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.

Nippon Steel EBIT Related Terms

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Nippon Steel Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Nippon Steel Corp (OTCPK:NPSCY) » Definitions » EBIT
Comparable Companies
TSE:5411 TSE:5406 TSE:5444 TSE:5471 TSE:5463 TSE:5423 TSE:5481 NGO:7485 TSE:5451 TSE:5449 NUE XKRX:005490 BOM:500228 XAMS:MT NSE:TATASTEEL STLD SHSE:600019 RS TPE:2002 MIC:CHMF
Traded in Other Exchanges
NISTF:USA 5401:Japan NPS:Germany
Address
6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-8071
Website
https://www.nipponsteel.com
Nippon Steel Corporation, or NS, is the largest steel producer in Japan and one of the top five producers globally. NS supplies steel products such as steel sheets, steel plates, pipes, tubes, bars, wire rods, and stainless steels. It is mainly exposed to the auto, construction, and energy sectors. Steelmaking accounts for around 85%-90% of its revenue, while the remainder stems from engineering and construction, chemicals, new materials, and system solutions. Around 35%-40% of its revenue is from exports.