Kuroda Precision Industries (TSE:7726) EBIT : 円967 Mil (TTM As of Dec. 2023)

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What is Kuroda Precision Industries EBIT?

Kuroda Precision Industries's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円136 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円967 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kuroda Precision Industries's annualized ROC % for the quarter that ended in Dec. 2023 was 2.11%. Kuroda Precision Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kuroda Precision Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.02%.

Kuroda Precision Industries EBIT Historical Data

The historical data trend for Kuroda Precision 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.

Kuroda Precision Industries EBIT Chart

Kuroda Precision Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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1,284.65

285.85

298.46

1,095.43

1,637.14

Kuroda Precision Industries 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															222.77	340.12	195.11	296.35	135.64

Competitive Comparison of Kuroda Precision Industries's EBIT

For the Tools & Accessories subindustry, Kuroda Precision 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.

Kuroda Precision Industries's EV-to-EBIT Distribution in the Industrial Products Industry

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

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

Kuroda Precision 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967 Mil.

Kuroda Precision Industries (TSE:7726) EBIT Explanation

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

Kuroda Precision 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 )
=	1005.724 * ( 1 - 54.38% )	/	( (21113.639	+	22405.663)	/ 2 )
=	458.8112888	/	21759.651
=	2.11 %

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	))
=	25289.809	-	1317.724	-	( 2858.446	-	max(0, 9430.169	-	13761.001	+	2858.446	))
=	21113.639

	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	))
=	26726.183	-	1178.71	-	( 3141.81	-	max(0, 9315.682	-	14717.045	+	3141.81	))
=	22405.663

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

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

Kuroda Precision 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 )
=	542.544	/	( ( (7853.477 + max(5363.671, 0))	+	(8354.493 + max(5929.046, 0)) )	/	2 )
=	542.544	/	( ( 13217.148	+	14283.539 )	/	2 )
=	542.544	/	13750.3435
=	3.95 %

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)
=	(4173.5	+	5875.036	+	854.019)	-	(1317.724	+	0	+	4221.16)
=	5363.671

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4723.311	+	5879.938	+	971.986)	-	(1178.71	+	0	+	4467.479)
=	5929.046

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	967.208	/	12055.207
	=	8.02 %

Kuroda Precision Industries EBIT Related Terms

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Kuroda Precision Industries (TSE:7726) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kuroda Precision Industries Ltd (TSE:7726) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kawasaki Tech Center 580-16 Horikawa-cho, Kawasaki-shi, Kawasaki, JPN, 212-8560

Website

http://www.kuroda-precision.co.jp

Kuroda Precision Industries Ltd operates as a gauge manufacturer in Japan. The company's product includes gauges, ball screws, tool holders, press tools, machine tools, lubricating oil supply device for semi-dry processing, and ultra-precision measuring systems among others.

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