Citizen Watch Co (TSE:7762) EBIT : 円29,663 Mil (TTM As of Dec. 2023)

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What is Citizen Watch Co EBIT?

Citizen Watch Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円9,879 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円29,663 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Citizen Watch Co's annualized ROC % for the quarter that ended in Dec. 2023 was 9.54%. Citizen Watch Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 19.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Citizen Watch Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.21%.

Citizen Watch Co EBIT Historical Data

The historical data trend for Citizen Watch 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.

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Citizen Watch Co EBIT Chart

Citizen Watch Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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-14,680.00

-13,346.00

26,988.00

28,537.00

29,663.00

Citizen Watch 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															3,212.00	8,577.00	9,321.00	9,879.00	1,886.00

Competitive Comparison of Citizen Watch Co's EBIT

For the Conglomerates subindustry, Citizen Watch 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.

Citizen Watch Co's EV-to-EBIT Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Citizen Watch Co's EV-to-EBIT distribution charts can be found below:

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

Citizen Watch 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円29,663 Mil.

Citizen Watch Co (TSE:7762) EBIT Explanation

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

Citizen Watch Co'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 )
=	39496 * ( 1 - 25.73% )	/	( (307095	+	307983)	/ 2 )
=	29333.6792	/	307539
=	9.54 %

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	))
=	411248	-	25172	-	( 78981	-	max(0, 73873	-	273395	+	78981	))
=	307095

	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	))
=	403608	-	23676	-	( 71949	-	max(0, 67487	-	265609	+	71949	))
=	307983

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

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

Citizen Watch Co'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 )
=	39516	/	( ( (85238 + max(121037, 0))	+	(85024 + max(123392, 0)) )	/	2 )
=	39516	/	( ( 206275	+	208416 )	/	2 )
=	39516	/	207345.5
=	19.06 %

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)
=	(58930	+	122829	+	10254)	-	(25172	+	0	+	45804)
=	121037

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(59808	+	119767	+	10994)	-	(23676	+	0	+	43501)
=	123392

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:

Citizen Watch Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	29663	/	242998.719
	=	12.21 %

Citizen Watch Co EBIT Related Terms

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Citizen Watch Co (TSE:7762) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Citizen Watch Co Ltd (TSE:7762) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CTZ:Germany CTZ:Germany

Address

6-1-12, Tanashi-cho, Nishi Tokyo-shi, Tokyo, JPN, 188-8511

Website

https://www.citizen.co.jp

Citizen Watch Co Ltd primarily manufactures watches, machine tools, devices, and electronic products that it sells worldwide. Its watches and clocks segment contributes more than half of the company's revenue and includes brands such as Citizen, Bulova, xC, Q&Q, and Attesa. Machine Tools, which consists mostly of automatic lathes, and Devices, which consists largely of auto parts, switches, Chip LEDs, micro LCDs, and quartz crystals, each comprise roughly 15%-20% of total revenue. Electronic Products, which includes printers, health care equipment, and calculators, and Other Products collectively account for the remaining revenue. Japan and Asia (excluding Japan) each account for roughly a third of the company's total sales. Most of the remaining sales are from America and Europe.

Citizen Watch Co (TSE:7762) Headlines

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