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Daiwa Heavy Industry Co (TSE:5610) EBIT : 円122 Mil (TTM As of Mar. 2024)


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What is Daiwa Heavy Industry Co EBIT?

Daiwa Heavy Industry Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was 円-23 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was 円122 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Daiwa Heavy Industry Co's annualized ROC % for the quarter that ended in Mar. 2024 was -2.62%. Daiwa Heavy Industry Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -4.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Daiwa Heavy Industry Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.92%.


Daiwa Heavy Industry Co EBIT Historical Data

The historical data trend for Daiwa Heavy Industry 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.

Daiwa Heavy Industry Co EBIT Chart

Daiwa Heavy Industry Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 139.41 -188.38 -188.96 76.06 115.04

Daiwa Heavy Industry 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 -29.44 79.81 37.22 27.45 -22.74

Competitive Comparison of Daiwa Heavy Industry Co's EBIT

For the Building Products & Equipment subindustry, Daiwa Heavy Industry 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.


Daiwa Heavy Industry Co's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Daiwa Heavy Industry Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Daiwa Heavy Industry Co's EV-to-EBIT falls into.



Daiwa Heavy Industry 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 円122 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.


Daiwa Heavy Industry Co  (TSE:5610) EBIT Explanation

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

Daiwa Heavy Industry 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 )
=-186.528 * ( 1 - 32.3% )/( (4550.697 + 5074.313)/ 2 )
=-126.279456/4812.505
=-2.62 %

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))
=6435.653 - 959.198 - ( 1254.919 - max(0, 2668.225 - 3593.983+1254.919))
=4550.697

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))
=6688.672 - 742.887 - ( 1286.076 - max(0, 2659.486 - 3530.958+1286.076))
=5074.313

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

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

Daiwa Heavy Industry 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 )
=-90.976/( ( (961.942 + max(1290.139, 0)) + (967.509 + max(1185.382, 0)) )/ 2 )
=-90.976/( ( 2252.081 + 2152.891 )/ 2 )
=-90.976/2202.486
=-4.13 %

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)
=(1095.526 + 1002.761 + 240.741) - (959.198 + 0 + 89.691)
=1290.139

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(857.636 + 1120.053 + 267.179) - (742.887 + 0 + 316.599)
=1185.382

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:

Daiwa Heavy Industry Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=121.737/1537.376
=7.92 %

* 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.


Daiwa Heavy Industry Co EBIT Related Terms

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Daiwa Heavy Industry Co (TSE:5610) Business Description

Traded in Other Exchanges
N/A
Address
KOBE 1 - chome 21 - 23, Yasagi-ku, Hiroshima, JPN, 7310221
Daiwa Heavy Industry Co., Ltd. manufactures and processes castings for industry and home use. The operates through two divisions, industrial machinery related equipment division and housing-related equipment division. In the industrial machinery-related equipment division, it covers a range of castings in all areas. On the other hand, the housing-related equipment division is focusing on the casting enamel bathtub. The company is also putting efforts into landscape products and cast iron equipment for construction.

Daiwa Heavy Industry Co (TSE:5610) Headlines

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