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Meritz Fire & Marine Insurance Co (XKRX:000060) EBIT : ₩1,298,197 Mil (TTM As of Sep. 2022)


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What is Meritz Fire & Marine Insurance Co EBIT?

Meritz Fire & Marine Insurance Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2022 was ₩374,486 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was ₩1,298,197 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Meritz Fire & Marine Insurance Co's annualized ROC % for the quarter that ended in Sep. 2022 was 3.93%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Meritz Fire & Marine Insurance Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was 21.58%.


Meritz Fire & Marine Insurance Co EBIT Historical Data

The historical data trend for Meritz Fire & Marine Insurance 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.

Meritz Fire & Marine Insurance Co EBIT Chart

Meritz Fire & Marine Insurance Co Annual Data
Trend Mar12 Mar13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 534,776.37 330,426.40 440,975.87 639,576.52 953,273.28

Meritz Fire & Marine Insurance Co Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 242,895.16 282,421.58 310,165.64 331,123.62 374,486.01

Competitive Comparison of Meritz Fire & Marine Insurance Co's EBIT

For the Insurance - Property & Casualty subindustry, Meritz Fire & Marine Insurance 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.


Meritz Fire & Marine Insurance Co's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Meritz Fire & Marine Insurance Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Meritz Fire & Marine Insurance Co's EV-to-EBIT falls into.



Meritz Fire & Marine Insurance 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩1,298,197 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.


Meritz Fire & Marine Insurance Co  (XKRX:000060) EBIT Explanation

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

Meritz Fire & Marine Insurance Co's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:

ROC % (Q: Sep. 2022 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2022 ) + Invested Capital (Q: Sep. 2022 ))/ count )
=1497944.056 * ( 1 - 27.52% )/( (27265508.75655 + 28008044.2283)/ 2 )
=1085709.8517888/27636776.492425
=3.93 %

where

Invested Capital(Q: Jun. 2022 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=28476714.745 - 533252.464 - ( 816039.911 - 5% * 2761727.731 )
=27265508.75655

Invested Capital(Q: Sep. 2022 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=29108959.319 - 521799.067 - ( 720324.591 - 5% * 2824171.346 )
=28008044.2283

Note: The EBIT data used here is four times the quarterly (Sep. 2022) data.

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

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

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

Meritz Fire & Marine Insurance Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2022 )
=1298196.856/6016237.686
=21.58 %

* 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.


Meritz Fire & Marine Insurance Co EBIT Related Terms

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Meritz Fire & Marine Insurance Co (XKRX:000060) Business Description

Traded in Other Exchanges
N/A
Address
382 Gangnamdae-ro, Meritz Tower, Gangnam-gu, Seoul, KOR
Meritz Fire & Marine Insurance Co Ltd is a property and casualty insurance company. The company operates one segment that focuses on property and casualty insurance products in Korea. The company offers automobile insurance, life and health insurance, and commercial liability insurance products. Meritz generates all of its revenue in South Korea. Meritz also provides child insurance, cancer insurance, and assurance analysis services. The company considers merger and acquisition investment as a component of its operational growth strategy.

Meritz Fire & Marine Insurance Co (XKRX:000060) Headlines

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