GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Okamoto Industries Inc (TSE:5122) » Definitions » EBIT

Okamoto Industries (TSE:5122) EBIT : 円9,516 Mil (TTM As of Dec. 2023)


View and export this data going back to 1949. Start your Free Trial

What is Okamoto Industries EBIT?

Okamoto Industries's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円3,416 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円9,516 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Okamoto Industries's annualized ROC % for the quarter that ended in Dec. 2023 was 12.04%. Okamoto Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 37.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Okamoto Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 21.47%.


Okamoto Industries EBIT Historical Data

The historical data trend for Okamoto 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.

Okamoto Industries EBIT Chart

Okamoto Industries 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 4,967.00 7,889.00 7,708.00 7,640.00 9,516.00

Okamoto 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 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 1,297.00 3,233.00 2,642.00 3,416.00 225.00

Competitive Comparison of Okamoto Industries's EBIT

For the Specialty Chemicals subindustry, Okamoto 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.


Okamoto Industries's EV-to-EBIT Distribution in the Chemicals Industry

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

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



Okamoto 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 円9,516 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.


Okamoto Industries  (TSE:5122) EBIT Explanation

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

Okamoto 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 )
=13004 * ( 1 - 28.14% )/( (77063 + 78120)/ 2 )
=9344.6744/77591.5
=12.04 %

where

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

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

Okamoto 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 )
=13664/( ( (22707 + max(12924, 0)) + (22923 + max(14017, 0)) )/ 2 )
=13664/( ( 35631 + 36940 )/ 2 )
=13664/36285.5
=37.66 %

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)
=(21149 + 15278 + 9264) - (24318 + 0 + 8449)
=12924

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(22887 + 15353 + 10152) - (26278 + 0 + 8097)
=14017

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=9516/44332.009
=21.47 %

* 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.


Okamoto Industries EBIT Related Terms

Thank you for viewing the detailed overview of Okamoto Industries's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Okamoto Industries (TSE:5122) Business Description

Traded in Other Exchanges
N/A
Address
3-27-12, Hongo, Bunkyo-ku, Tokyo, JPN, 113-8710
Okamoto Industries Inc is in the business of manufacturing condoms and heating pads. It is also involved in the business of plastic films, automotive materials, wallpaper, flexible container bags, adhesive tape, rubber bands, and solar power generation business. The company has manufacturing plants in Shizuoka, Ibaraki and Fukushima.

Okamoto Industries (TSE:5122) Headlines

No Headlines