Hitachi Construction Machinery Co (TSE:6305) EBIT : 円182,752 Mil (TTM As of Mar. 2024)

View and export this data going back to 1981. Start your Free Trial

What is Hitachi Construction Machinery Co EBIT?

Hitachi Construction Machinery Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was 円49,450 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was 円182,752 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hitachi Construction Machinery Co's annualized ROC % for the quarter that ended in Mar. 2024 was 8.80%. Hitachi Construction Machinery Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 18.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hitachi Construction Machinery Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 12.98%.

Hitachi Construction Machinery Co EBIT Historical Data

The historical data trend for Hitachi Construction Machinery 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.

Hitachi Construction Machinery Co EBIT Chart

Hitachi Construction Machinery Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

Get a 7-Day Free Trial

78,411.00

33,321.00

117,273.00

132,772.00

177,689.00

Hitachi Construction Machinery Co 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															46,562.00	47,329.00	46,274.00	39,699.00	49,450.00

Competitive Comparison of Hitachi Construction Machinery Co's EBIT

For the Farm & Heavy Construction Machinery subindustry, Hitachi Construction Machinery 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.

Hitachi Construction Machinery Co's EV-to-EBIT Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Hitachi Construction Machinery Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hitachi Construction Machinery Co's EV-to-EBIT falls into.

Hitachi Construction Machinery 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円182,752 Mil.

Hitachi Construction Machinery Co (TSE:6305) EBIT Explanation

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

Hitachi Construction Machinery Co'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 )
=	163876 * ( 1 - 26.33% )	/	( (1362407	+	1380797)	/ 2 )
=	120727.4492	/	1371602
=	8.80 %

where

	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	))
=	1773965	-	258393	-	( 153165	-	max(0, 703853	-	1012045	+	153165	))
=	1362407

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	1835005	-	277140	-	( 177068	-	max(0, 727748	-	1077550	+	177068	))
=	1380797

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

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

Hitachi Construction Machinery Co'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 )
=	197800	/	( ( (502751 + max(559382, 0))	+	(538260 + max(580195, 0)) )	/	2 )
=	197800	/	( ( 1062133	+	1118455 )	/	2 )
=	197800	/	1090294
=	18.14 %

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)
=	(253891	+	569847	+	30059)	-	(258393	+	0	+	36022)
=	559382

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(305179	+	552319	+	42432)	-	(277140	+	0	+	42595)
=	580195

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:

Hitachi Construction Machinery Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	182752	/	1408303.924
	=	12.98 %

Hitachi Construction Machinery Co EBIT Related Terms

Thank you for viewing the detailed overview of Hitachi Construction Machinery Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Hitachi Construction Machinery Co (TSE:6305) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hitachi Construction Machinery Co Ltd (TSE:6305) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

HTCMY:USA HCM:Germany

Address

16-1, Higashiueno 2-chome, Taito-ku, Tokyo, JPN, 110-0015

Website

https://www.hitachicm.com

Hitachi Construction Machinery, or HCM, manufactures and sells construction and mining machinery, and provides related services such as parts supply, rentals, and others. HCM was established in 1970 as a subsidiary of Hitachi, but its origins date back to 1949 when it introduced Japan's first mechanical excavator. The company's main products include hydraulic excavators for mining/construction, rigid dump trucks, and wheel loaders. As of August 2022, Hitachi is no longer the parent company of HCM, after selling 26% of its stake to HCJI Holdings, a joint venture between Itochu and Japan Industrial Partners. Currently, Hitachi has a 25.4% stake in Hitachi Construction Machinery as an equity-method affiliate. HCM is based in Tokyo, Japan.

Hitachi Construction Machinery Co (TSE:6305) Headlines

No Headlines