Toho Gas Co (TSE:9533) EBIT : 円40,993 Mil (TTM As of Dec. 2023)

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What is Toho Gas Co EBIT?

Toho Gas Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円2,763 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円40,993 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Toho Gas Co's annualized ROC % for the quarter that ended in Dec. 2023 was -0.09%. Toho Gas Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Toho Gas Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.17%.

Toho Gas Co EBIT Historical Data

The historical data trend for Toho Gas 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.

Toho Gas Co EBIT Chart

Toho Gas Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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24,214.00

14,075.00

22,055.00

48,358.00

40,993.00

Toho Gas 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															23,640.00	25,885.00	8,759.00	2,763.00	3,586.00

Competitive Comparison of Toho Gas Co's EBIT

For the Utilities - Regulated Gas subindustry, Toho Gas 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.

Toho Gas Co's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Toho Gas Co's EV-to-EBIT distribution charts can be found below:

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

Toho Gas 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40,993 Mil.

Toho Gas Co (TSE:9533) EBIT Explanation

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

Toho Gas 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 )
=	-1580 * ( 1 - 65.75% )	/	( (612810	+	632879)	/ 2 )
=	-541.15	/	622844.5
=	-0.09 %

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	))
=	711082	-	52423	-	( 45849	-	max(0, 105787	-	189453	+	45849	))
=	612810

	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	))
=	699520	-	44406	-	( 22235	-	max(0, 96569	-	176870	+	22235	))
=	632879

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

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

Toho Gas 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 )
=	11052	/	( ( (296971 + max(40297, 0))	+	(293856 + max(60496, 0)) )	/	2 )
=	11052	/	( ( 337268	+	354352 )	/	2 )
=	11052	/	345810
=	3.20 %

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)
=	(68180	+	38542	+	36882)	-	(52423	+	0	+	50884)
=	40297

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(74893	+	40814	+	38928)	-	(44406	+	0	+	49733)
=	60496

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	40993	/	501464.252
	=	8.17 %

Toho Gas Co EBIT Related Terms

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Toho Gas Co (TSE:9533) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Toho Gas Co Ltd (TSE:9533) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

59W:Germany

Address

19-18,Sakurada-cho, Atsuta-ku, Nagoya, JPN, 456-8511

Website

https://www.tohogas.co.jp

Toho Gas Co Ltd is a Japanese natural gas provider operating in the Tokai region of the Japanese island of Honshu. Toho Gas is mainly involved in the supply and distribution of natural gas and liquefied petroleum gas, or LPG, to urban areas within Tokai. The company segments its operations into Gas Sales, Gas Appliance Sales and Related Construction, and LPG and Other Energies business units. Toho Gas's Gas Sales division derives the vast majority of the company's total revenue from the sale and supply of natural gas to the many manufacturing plants and industrial customers that inhabit its home region. The company's sales of LPG and thermal energy to mainly industrial consumers also represent a significant revenue stream. Toho Gas is one of the largest city gas providers in Japan.

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