CEL (TSE:5078) EBIT : 円1,661 Mil (TTM As of Feb. 2024)

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What is CEL EBIT?

CEL's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2024 was 円363 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2024 was 円1,661 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CEL's annualized ROC % for the quarter that ended in Feb. 2024 was 16.13%. CEL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 75.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CEL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was -55.35%.

CEL EBIT Historical Data

The historical data trend for CEL'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.

CEL EBIT Chart

CEL Annual Data

Trend

Feb20

Feb21

Feb22

Feb23

Feb24

EBIT

1,681.21

985.11

17,584.68

1,255.88

1,660.57

CEL Quarterly Data
	Feb20	Feb21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
EBIT	Get a 7-Day Free Trial							96.99	655.79	319.44	322.35	362.99

Competitive Comparison of CEL's EBIT

For the Real Estate Services subindustry, CEL'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.

CEL's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, CEL's EV-to-EBIT distribution charts can be found below:

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

CEL 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円1,661 Mil.

CEL (TSE:5078) EBIT Explanation

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

CEL's annualized ROC % for the quarter that ended in Feb. 2024 is calculated as:

	ROC % (Q: Feb. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Nov. 2023 )	+	Invested Capital (Q: Feb. 2024 ))	/ count )
=	1447.748 * ( 1 - 36.37% )	/	( (5716.699	+	5706.145)	/ 2 )
=	921.2020524	/	5711.422
=	16.13 %

where

	Invested Capital		(Q: Nov. 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	))
=	23644.646	-	1014.357	-	( 18747.34	-	max(0, 4009.388	-	20922.978	+	18747.34	))
=	5716.699

	Invested Capital		(Q: Feb. 2024 )
=	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	))
=	24182.173	-	1482.627	-	( 17773.185	-	max(0, 4317.916	-	21311.317	+	17773.185	))
=	5706.145

Note: The Operating Income data used here is four times the quarterly (Feb. 2024) data.

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

CEL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Feb. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Nov. 2023		Q: Feb. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1451.968	/	( ( (1924.254 + max(-1633.75, 0))	+	(1909.558 + max(-579.784, 0)) )	/	2 )
=	1451.968	/	( ( 1924.254	+	1909.558 )	/	2 )
=	1451.968	/	1916.906
=	75.75 %

where Working Capital is:

	Working Capital		(Q: Nov. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(253.806	+	1803.475	+	118.357)	-	(1014.357	+	0	+	2795.031)
=	-1633.75

	Working Capital		(Q: Feb. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(849.872	+	2565.948	+	122.312)	-	(1482.627	+	0	+	2635.289)
=	-579.784

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Feb. 2024 )
	=	1660.572	/	-3000.201
	=	-55.35 %

CEL EBIT Related Terms

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CEL (TSE:5078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » CEL Corp (TSE:5078) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-7-1 Kyobashi, Mutual Building 110 Tower 5th floor, Chuo-ku, Tokyo, JPN

Website

https://www.cel-co.com

CEL Corp is engaged in the rental housing business that provides apartment management proposals, apartment designs and apartment construction management services, rental housing development business, and rental management business entrusted with apartment management.

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