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Tokyu (TOKUF) EBIT : $595 Mil (TTM As of Dec. 2023)


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What is Tokyu EBIT?

Tokyu's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $171 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $595 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tokyu's annualized ROC % for the quarter that ended in Dec. 2023 was 2.28%. Tokyu's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tokyu's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.94%.


Tokyu EBIT Historical Data

The historical data trend for Tokyu'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.

Tokyu EBIT Chart

Tokyu Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 831.85 693.19 -433.38 298.48 373.16

Tokyu 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 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 94.17 46.89 215.93 161.26 171.07

Competitive Comparison of Tokyu's EBIT

For the Department Stores subindustry, Tokyu'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.


Tokyu's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tokyu's EV-to-EBIT distribution charts can be found below:

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



Tokyu 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 $595 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.


Tokyu  (OTCPK:TOKUF) EBIT Explanation

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

Tokyu'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 )
=659.196 * ( 1 - 33.26% )/( (19052.629 + 19476.016)/ 2 )
=439.9474104/19264.3225
=2.28 %

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))
=17519.835 - 674.125 - ( 271.446 - max(0, 4859.339 - 2652.42+271.446))
=19052.629

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))
=18073.107 - 715.335 - ( 286.384 - max(0, 5023.84 - 2905.596+286.384))
=19476.016

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

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

Tokyu'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 )
=684.284/( ( (12346.816 + max(500.106, 0)) + (12587.575 + max(629.873, 0)) )/ 2 )
=684.284/( ( 12846.922 + 13217.448 )/ 2 )
=684.284/13032.185
=5.25 %

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)
=(1001.671 + 960.019 + 348.426) - (674.125 + 0 + 1135.885)
=500.106

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1095.037 + 1065.304 + 374.687) - (715.335 + 0 + 1189.82)
=629.873

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=595.148/15102.480
=3.94 %

* 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.


Tokyu EBIT Related Terms

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Tokyu (TOKUF) Business Description

Traded in Other Exchanges
Address
5-6 Nanpeidai-cho Shibuya-ku, Tokyo, JPN, 150-8511
Tokyu Corp provides passenger rail transportation, bus transportation, truckload services, and air transportation serving the Tokyo and its surrounding areas. The segments in which the group operates includes Transportation, Real Estate, Life service, Hotel and Resort and Business support. The company operates department stores, real estate leasing, and hotel businesses. Through its subsidiaries, Tokyu offers leisure-related services such as travel agents, theaters, golf, and rent car agents. Geographically, it operates through Japan and derives the majority of revenue from Transportation segment.

Tokyu (TOKUF) Headlines

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