Mitsubishi Electric (Mitsubishi Electric) EBIT : $2,605 Mil (TTM As of Dec. 2023)

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What is Mitsubishi Electric EBIT?

Mitsubishi Electric's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $685 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $2,605 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mitsubishi Electric's annualized ROC % for the quarter that ended in Dec. 2023 was 6.06%. Mitsubishi Electric's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 22.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mitsubishi Electric's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.76%.

Mitsubishi Electric EBIT Historical Data

The historical data trend for Mitsubishi Electric'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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Mitsubishi Electric EBIT Chart

Mitsubishi Electric Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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2,882.20

2,684.14

2,406.48

2,381.53

2,218.06

Mitsubishi Electric 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															687.65	784.38	552.69	583.50	684.62

Competitive Comparison of Mitsubishi Electric's EBIT

For the Electrical Equipment & Parts subindustry, Mitsubishi Electric'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.

Mitsubishi Electric's EV-to-EBIT Distribution in the Industrial Products Industry

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

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

Mitsubishi Electric 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 $2,605 Mil.

Mitsubishi Electric (OTCPK:MIELY) EBIT Explanation

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

Mitsubishi Electric'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 )
=	2402.92 * ( 1 - 23.64% )	/	( (29431.588	+	31090.598)	/ 2 )
=	1834.869712	/	30261.093
=	6.06 %

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	))
=	38630.167	-	4169.549	-	( 5029.03	-	max(0, 11823.66	-	23199.053	+	5029.03	))
=	29431.588

	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	))
=	40249.636	-	4080.941	-	( 5078.097	-	max(0, 12401.947	-	23933.88	+	5078.097	))
=	31090.598

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

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

Mitsubishi Electric'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 )
=	2738.492	/	( ( (6324.299 + max(5353.431, 0))	+	(6487.458 + max(5926.698, 0)) )	/	2 )
=	2738.492	/	( ( 11677.73	+	12414.156 )	/	2 )
=	2738.492	/	12045.943
=	22.73 %

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)
=	(6102.323	+	8881.153	+	886.827)	-	(4169.549	+	0	+	6347.323)
=	5353.431

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5944.076	+	9295.611	+	969.936)	-	(4080.941	+	0	+	6201.984)
=	5926.698

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	2605.19	/	33562.774
	=	7.76 %

Mitsubishi Electric EBIT Related Terms

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Mitsubishi Electric (Mitsubishi Electric) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsubishi Electric Corp (OTCPK:MIELY) » Definitions » EBIT

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Traded in Other Exchanges

MIELF:USA 6503:Japan MIE1:Germany

Address

Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8310

Website

https://www.mitsubishielectric.com

Mitsubishi Electric is a general electric diversified industrials company that develops, manufactures and sells electrical equipment worldwide. The company's core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.