Techno Horizon Co (TSE:6629) EBIT : 円552 Mil (TTM As of Dec. 2023)

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What is Techno Horizon Co EBIT?

Techno Horizon Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円-193 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円552 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Techno Horizon Co's annualized ROC % for the quarter that ended in Dec. 2023 was -2.21%. Techno Horizon Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Techno Horizon Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.87%.

Techno Horizon Co EBIT Historical Data

The historical data trend for Techno Horizon 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.

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Techno Horizon Co EBIT Chart

Techno Horizon Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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764.27

1,628.85

2,721.99

1,055.48

-694.17

Techno Horizon Co 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															-656.82	231.08	-92.01	606.44	-193.49

Competitive Comparison of Techno Horizon Co's EBIT

For the Electronic Components subindustry, Techno Horizon 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.

Techno Horizon Co's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Techno Horizon Co's EV-to-EBIT distribution charts can be found below:

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

Techno Horizon 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円552 Mil.

Techno Horizon Co (TSE:6629) EBIT Explanation

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

Techno Horizon Co'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 )
=	-402.32 * ( 1 - -43.17% )	/	( (26148.966	+	25891.727)	/ 2 )
=	-576.001544	/	26020.3465
=	-2.21 %

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	))
=	36732.519	-	7382.181	-	( 3201.372	-	max(0, 22247.843	-	27156.71	+	3201.372	))
=	26148.966

	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	))
=	35995.736	-	6666.767	-	( 3437.242	-	max(0, 21165.916	-	26493.001	+	3437.242	))
=	25891.727

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

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

Techno Horizon Co'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 )
=	-773.944	/	( ( (5066.42 + max(13014.153, 0))	+	(5148.708 + max(12938.466, 0)) )	/	2 )
=	-773.944	/	( ( 18080.573	+	18087.174 )	/	2 )
=	-773.944	/	18083.8735
=	-4.28 %

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)
=	(10353.412	+	10404.151	+	3197.775)	-	(7382.181	+	0	+	3559.004)
=	13014.153

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8749.059	+	10735.234	+	3571.466)	-	(6666.767	+	0	+	3450.526)
=	12938.466

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	552.02	/	19244.133
	=	2.87 %

Techno Horizon Co EBIT Related Terms

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Techno Horizon Co (TSE:6629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Techno Horizon Co Ltd (TSE:6629) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-13-1 Chikama-tori, Minami-ku, Nagoya, Aichi, JPN, 457-0071

Website

https://www.technohorizon.co.jp

Techno Horizon Co Ltd is a Japan-based company engaged in optical business and electronic business. The company manufactures and sells optical, electrical, medical, and precision equipment; develops, manufactures, and sells information and communication equipment, FA related equipment, and other electronic devices; and produces and sells various optical lenses and plastic moulded products, as well as provides system integration services.

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