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Business Engineering (TSE:4828) EBIT : 円3,880 Mil (TTM As of Dec. 2023)


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What is Business Engineering EBIT?

Business Engineering's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円1,006 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円3,880 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Business Engineering's annualized ROC % for the quarter that ended in Dec. 2023 was 46.67%. Business Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3,276.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Business Engineering's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.10%.


Business Engineering EBIT Historical Data

The historical data trend for Business Engineering'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.

Business Engineering EBIT Chart

Business Engineering 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 1,399.17 1,898.69 2,447.03 3,252.80 3,879.86

Business Engineering 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 716.17 1,011.73 1,115.65 1,006.47 746.02

Competitive Comparison of Business Engineering's EBIT

For the Software - Application subindustry, Business Engineering'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.


Business Engineering's EV-to-EBIT Distribution in the Software Industry

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

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



Business Engineering 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3,880 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.


Business Engineering  (TSE:4828) EBIT Explanation

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

Business Engineering'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 )
=4031.668 * ( 1 - 31.53% )/( (6084.247 + 5746.308)/ 2 )
=2760.4830796/5915.2775
=46.67 %

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))
=14567.861 - 1208.978 - ( 7519.145 - max(0, 4373.684 - 11648.32+7519.145))
=6084.247

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))
=14331.979 - 1100.737 - ( 7604.675 - max(0, 3880.972 - 11365.906+7604.675))
=5746.308

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

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

Business Engineering'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 )
=4025.86/( ( (122.513 + max(-244.509, 0)) + (123.24 + max(-119.741, 0)) )/ 2 )
=4025.86/( ( 122.513 + 123.24 )/ 2 )
=4025.86/122.8765
=3,276.35 %

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)
=(3546.475 + 3.484 + 579.216) - (1208.978 + 0 + 3164.706)
=-244.509

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3201.945 + 13.376 + 545.91) - (1100.737 + 0 + 2780.235)
=-119.741

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=3879.858/32071.637
=12.10 %

* 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.


Business Engineering EBIT Related Terms

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Business Engineering (TSE:4828) Business Description

Traded in Other Exchanges
N/A
Address
1-8-1 Otemachi, Chiyoda-ku, KDDI Otemachi Building, Tokyo, JPN, 100-0004
Business Engineering Corp is a Japan-based company engaged in providing enterprise software solutions. The solutions offered by the company include Wide line up solutions, Oracle, Mcframe, Mcframe cloud, Global MES, SAP, Mcframe motion VR learning.

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