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Noritz (TSE:5943) EBIT : 円2,325 Mil (TTM As of Mar. 2024)


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What is Noritz EBIT?

Noritz's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was 円648 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was 円2,325 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Noritz's annualized ROC % for the quarter that ended in Mar. 2024 was 1.19%. Noritz's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Noritz's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.26%.


Noritz EBIT Historical Data

The historical data trend for Noritz'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.

Noritz EBIT Chart

Noritz 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 3,050.00 -3,972.00 8,995.00 7,784.00 3,305.00

Noritz Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1,628.00 79.00 -268.00 1,866.00 648.00

Competitive Comparison of Noritz's EBIT

For the Building Products & Equipment subindustry, Noritz'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.


Noritz's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Noritz's EV-to-EBIT distribution charts can be found below:

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



Noritz 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円2,325 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.


Noritz  (TSE:5943) EBIT Explanation

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

Noritz's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=3076 * ( 1 - 46.24% )/( (130018 + 147361)/ 2 )
=1653.6576/138689.5
=1.19 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Noritz's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2592/( ( (36523 + max(31084, 0)) + (36350 + max(28339, 0)) )/ 2 )
=2592/( ( 67607 + 64689 )/ 2 )
=2592/66148
=3.92 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(44009 + 33821 + 17551) - (51616 + 0 + 12681)
=31084

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(38145 + 33982 + 19699) - (38000 + 0 + 25487)
=28339

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=2325/54630.796
=4.26 %

* 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.


Noritz EBIT Related Terms

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Noritz (TSE:5943) Business Description

Traded in Other Exchanges
Address
93 Edo-machi, Chuo-ku, Kobe, JPN, 650-0033
Noritz Corp is a Japanese company that develops and manufactures various heating and household appliances. The company operates across North America, Brazil, East Asia, Hong Kong, Oceania, and Europe. The firm's activities are divided between its Domestic Business and Overseas Business. These businesses are further segmented into a Heating Ventilation and Air Conditioning (HVAC) unit that includes water, gas, and hydronic heating systems; a Renewable Energies unit that includes solar heaters and photovoltaic power generation systems; a Housing Equipment unit that includes built-in bath and kitchen systems; and a Kitchen Appliances unit that includes gas cookers. Geographically, the majority of revenue is derived from the company's sales in Asia.

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