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AGC (ASGLY) EBIT : $1,018 Mil (TTM As of Dec. 2023)


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What is AGC EBIT?

AGC's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $194 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,018 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AGC's annualized ROC % for the quarter that ended in Dec. 2023 was 2.43%. AGC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AGC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.11%.


AGC EBIT Historical Data

The historical data trend for AGC'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.

AGC EBIT Chart

AGC 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 824.09 632.14 1,904.37 502.61 986.32

AGC 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 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 -765.27 305.84 242.41 275.49 194.20

Competitive Comparison of AGC's EBIT

For the Specialty Chemicals subindustry, AGC'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.


AGC's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, AGC's EV-to-EBIT distribution charts can be found below:

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



AGC 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 $1,018 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.


AGC  (OTCPK:ASGLY) EBIT Explanation

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

AGC'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 )
=912.144 * ( 1 - 56.76% )/( (16073.286 + 16322.048)/ 2 )
=394.4110656/16197.667
=2.43 %

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))
=20207.954 - 3026.413 - ( 1108.255 - max(0, 5230.579 - 7364.632+1108.255))
=16073.286

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))
=20370.61 - 3034.119 - ( 1014.443 - max(0, 4981.876 - 7236.194+1014.443))
=16322.048

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

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

AGC'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 )
=776.796/( ( (9828.773 + max(2706.693, 0)) + (10125.954 + max(2551.966, 0)) )/ 2 )
=776.796/( ( 12535.466 + 12677.92 )/ 2 )
=776.796/12606.693
=6.16 %

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)
=(2370.462 + 3203.517 + 344.99) - (3026.413 + 0 + 185.863)
=2706.693

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2353.427 + 3153.572 + 294.35) - (3034.119 + 0 + 215.264)
=2551.966

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1017.937/12550.196
=8.11 %

* 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.


AGC EBIT Related Terms

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AGC (ASGLY) Business Description

Traded in Other Exchanges
Address
1-5-1, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8405
AGC Inc produces and sells glass and glass-related products in two segments based on product type: Automotive glass and Float glass. The Automotive glass segment, which generates the majority of revenue, is the largest automotive glass supplier in India. The Float glass segment manufactures and sells glass products to the architectural, interior design, and construction industries. The segment also produces solar glass, which is used for solar power generation. Nearly all of the company's revenue comes from India.

AGC (ASGLY) Headlines

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