GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kurita Water Industries Ltd (OTCPK:KTWIF) » Definitions » EBIT

Kurita Water Industries (Kurita Water Industries) EBIT : $228 Mil (TTM As of Dec. 2023)


View and export this data going back to 2004. Start your Free Trial

What is Kurita Water Industries EBIT?

Kurita Water Industries's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $87 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $228 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kurita Water Industries's annualized ROC % for the quarter that ended in Dec. 2023 was 9.18%. Kurita Water Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 17.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kurita Water Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.85%.


Kurita Water Industries EBIT Historical Data

The historical data trend for Kurita Water 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.

Kurita Water Industries EBIT Chart

Kurita Water Industries Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 187.04 261.06 285.86 305.75 233.63

Kurita Water 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 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 85.75 11.68 59.29 69.84 86.78

Competitive Comparison of Kurita Water Industries's EBIT

For the Pollution & Treatment Controls subindustry, Kurita Water 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.


Kurita Water Industries's EV-to-EBIT Distribution in the Industrial Products Industry

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

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



Kurita Water 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 $228 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.


Kurita Water Industries  (OTCPK:KTWIF) EBIT Explanation

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

Kurita Water 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 )
=339.792 * ( 1 - 23.36% )/( (2783.983 + 2888.558)/ 2 )
=260.4165888/2836.2705
=9.18 %

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))
=3576.448 - 436.166 - ( 356.299 - max(0, 787.115 - 1425.094+356.299))
=2783.983

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))
=3679.118 - 415.519 - ( 375.041 - max(0, 742.359 - 1480.01+375.041))
=2888.558

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

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

Kurita Water 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 )
=347.128/( ( (1384.72 + max(506.388, 0)) + (1430.545 + max(560.844, 0)) )/ 2 )
=347.128/( ( 1891.108 + 1991.389 )/ 2 )
=347.128/1941.2485
=17.88 %

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)
=(905.083 + 125.956 + 37.756) - (436.166 + 0 + 126.241)
=506.388

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(912.86 + 146.366 + 45.743) - (415.519 + 0 + 128.606)
=560.844

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=227.587/4689.088
=4.85 %

* 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.


Kurita Water Industries EBIT Related Terms

Thank you for viewing the detailed overview of Kurita Water Industries's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Kurita Water Industries (Kurita Water Industries) Business Description

Traded in Other Exchanges
Address
Nakano Central Park East , 4-10-1, Nakano-ku, Tokyo, JPN, 164-0001
Kurita Water Industries Ltd. is a provider of water treatment solutions in Japan. It operates through two segments, The Water Treatment Chemical segment, and The Water Treatment Equipment segment. The Water Treatment Chemical segment sells water treatment-related chemicals, for air conditioning, petroleum refining, pulp and paper processing-related applications. The Water Treatment Equipment segment manufactures and sells water production systems, drinking water treatment equipment, water and wastewater treatment equipment for various industries. Additionally, the segment is also responsible for supplying ultrapure water, the provision of maintenance service and the operation of water treatment facilities.

Kurita Water Industries (Kurita Water Industries) Headlines

From GuruFocus