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Optim (TSE:3694) EBIT : 円1,865 Mil (TTM As of Dec. 2023)


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What is Optim EBIT?

Optim's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円529 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円1,865 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Optim's annualized ROC % for the quarter that ended in Dec. 2023 was 21.62%. Optim's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 161.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Optim's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.24%.


Optim EBIT Historical Data

The historical data trend for Optim'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.

Optim EBIT Chart

Optim Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 256.98 1,984.20 1,486.02 1,613.41 1,864.86

Optim 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 920.99 262.41 409.93 529.50 663.03

Competitive Comparison of Optim's EBIT

For the Software - Infrastructure subindustry, Optim'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.


Optim's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Optim's EV-to-EBIT distribution charts can be found below:

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



Optim 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1,865 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.


Optim  (TSE:3694) EBIT Explanation

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

Optim'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 )
=2243.52 * ( 1 - 40.7% )/( (5956.881 + 6348.356)/ 2 )
=1330.40736/6152.6185
=21.62 %

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))
=8536.838 - 557.276 - ( 2022.681 - max(0, 1822.994 - 3888.961+2022.681))
=5956.881

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))
=9000.317 - 682.238 - ( 1969.723 - max(0, 1995.689 - 4303.13+1969.723))
=6348.356

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

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

Optim'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 )
=2117.992/( ( (823.805 + max(357.836, 0)) + (789.364 + max(652.268, 0)) )/ 2 )
=2117.992/( ( 1181.641 + 1441.632 )/ 2 )
=2117.992/1311.6365
=161.48 %

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)
=(1560.274 + 137.582 + 168.424) - (557.276 + 0 + 951.168)
=357.836

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1686.816 + 401.533 + 245.058) - (682.238 + 0 + 998.901)
=652.268

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1864.858/35582.619
=5.24 %

* 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.


Optim EBIT Related Terms

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Optim (TSE:3694) Business Description

Traded in Other Exchanges
N/A
Address
Atago Green Hills MORI Tower 19F, 2-5-1, Atago, Minato-ku, Tokyo, JPN, 105-6219
Optim Corp is engaged in the business of license sales and maintenance support service. The company offers IoT platform service, remote management service, support service, and other unique services. It provides services like sharing the screen of smartphones and tablet, repairing service for internet and smartphone, and provision of e-books, digital magazines and software packages.

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