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TONE Co (TSE:5967) EBIT : 円1,339 Mil (TTM As of May. 2024)


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What is TONE Co EBIT?

TONE Co's earnings before interest and taxes (EBIT) for the three months ended in May. 2024 was 円786 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2024 was 円1,339 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TONE Co's annualized ROC % for the quarter that ended in May. 2024 was 17.18%. TONE Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2024 was 39.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TONE Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in May. 2024 was 10.01%.


TONE Co EBIT Historical Data

The historical data trend for TONE 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.

TONE Co EBIT Chart

TONE Co Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 926.94 1,197.51 1,073.93 1,267.76 1,339.19

TONE Co Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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 481.46 52.50 416.14 84.92 785.63

Competitive Comparison of TONE Co's EBIT

For the Tools & Accessories subindustry, TONE 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.


TONE Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, TONE Co's EV-to-EBIT distribution charts can be found below:

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



TONE 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 May. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円1,339 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.


TONE Co  (TSE:5967) EBIT Explanation

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

TONE Co's annualized ROC % for the quarter that ended in May. 2024 is calculated as:

ROC % (Q: May. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2024 ) + Invested Capital (Q: May. 2024 ))/ count )
=2739.712 * ( 1 - 30.98% )/( (10795.053 + 11217.964)/ 2 )
=1890.9492224/11006.5085
=17.18 %

where

Invested Capital(Q: Feb. 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))
=12539.713 - 868.676 - ( 875.984 - max(0, 1689.173 - 6748.911+875.984))
=10795.053

Invested Capital(Q: May. 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))
=14873.667 - 1407.189 - ( 2248.514 - max(0, 2018.227 - 9183.247+2248.514))
=11217.964

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

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

TONE Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: May. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2024  Q: May. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3142.524/( ( (2894.879 + max(4834.3, 0)) + (3012.39 + max(5320.878, 0)) )/ 2 )
=3142.524/( ( 7729.179 + 8333.268 )/ 2 )
=3142.524/8031.2235
=39.13 %

where Working Capital is:

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1201.045 + 4393.301 + 278.581) - (868.676 + 0 + 169.951)
=4834.3

Working Capital(Q: May. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1850.196 + 4903.486 + 181.051) - (1407.189 + 0 + 206.666)
=5320.878

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (May. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: May. 2024 )
=1339.192/13385.076
=10.01 %

* 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.


TONE Co EBIT Related Terms

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TONE Co Business Description

Traded in Other Exchanges
N/A
Address
1-57, Minatomachi 2-Chome, Naniwa-Ku, Osaka, JPN, 556-0017
TONE Co Ltd is engaged in the manufacture of work tool for the professional automotive machine direction, and industrial construction and civil engineering development, manufacturing and sales of power tools and torque management devices.

TONE Co Headlines

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