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LAC Co (TSE:3857) EBIT : 円1,878 Mil (TTM As of Dec. 2023)


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What is LAC Co EBIT?

LAC Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円361 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円1,878 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. LAC Co's annualized ROC % for the quarter that ended in Dec. 2023 was 8.09%. LAC Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 30.77%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. LAC Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.34%.


LAC Co EBIT Historical Data

The historical data trend for LAC 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.

LAC Co EBIT Chart

LAC Co 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 2,456.27 1,642.41 1,022.43 2,031.61 -136.95

LAC Co 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 -1,464.58 1,257.62 -45.83 304.46 361.37

Competitive Comparison of LAC Co's EBIT

For the Information Technology Services subindustry, LAC 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.


LAC Co's EV-to-EBIT Distribution in the Software Industry

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

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



LAC 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1,878 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.


LAC Co  (TSE:3857) EBIT Explanation

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

LAC 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 )
=1520.056 * ( 1 - 35.38% )/( (11987.574 + 12285.498)/ 2 )
=982.2601872/12136.536
=8.09 %

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))
=21094.225 - 3407.294 - ( 5699.357 - max(0, 5887.504 - 14304.487+5699.357))
=11987.574

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))
=21345.131 - 3915.47 - ( 5144.163 - max(0, 6351.86 - 14808.18+5144.163))
=12285.498

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

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

LAC 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 )
=1445.484/( ( (1754.646 + max(2717.626, 0)) + (1611.041 + max(3312.157, 0)) )/ 2 )
=1445.484/( ( 4472.272 + 4923.198 )/ 2 )
=1445.484/4697.735
=30.77 %

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)
=(5272.511 + 2258.371 + 1074.248) - (3407.294 + 0 + 2480.21)
=2717.626

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6125.055 + 2336.527 + 1202.435) - (3915.47 + 0 + 2436.39)
=3312.157

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1877.619/18150.953
=10.34 %

* 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.


LAC Co EBIT Related Terms

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LAC Co (TSE:3857) Business Description

Traded in Other Exchanges
N/A
Address
2-16-1 Hirakawacho, Hirakawacho Mori Tower, Chiyoda-ku, Tokyo, JPN, 102-0093
LAC Co.Ltd. provides network security against cyber-terrorism. It offers security consulting services as well as security policy and program development services; and vulnerability assessment services. The company's products include Security products, System products, Dynatrace products.

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