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Mori Trust Reit (TSE:8961) EBIT : 円7,916 Mil (TTM As of Sep. 2022)


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What is Mori Trust Reit EBIT?

Mori Trust Reit's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2022 was 円3,416 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2022 was 円7,916 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mori Trust Reit's annualized ROC % for the quarter that ended in Sep. 2022 was 2.21%. Mori Trust Reit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was 2.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mori Trust Reit's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was 2.01%.


Mori Trust Reit EBIT Historical Data

The historical data trend for Mori Trust Reit'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.

Mori Trust Reit EBIT Chart

Mori Trust Reit Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10,508.56 10,627.07 10,821.08 11,019.78 8,449.51

Mori Trust Reit Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Feb24
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 5,465.62 5,554.15 5,033.01 3,416.50 7,916.05

Competitive Comparison of Mori Trust Reit's EBIT

For the REIT - Office subindustry, Mori Trust Reit'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.


Mori Trust Reit's EV-to-EBIT Distribution in the REITs Industry

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

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



Mori Trust Reit 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 Sep. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円7,916 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.


Mori Trust Reit  (TSE:8961) EBIT Explanation

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

Mori Trust Reit's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:

ROC % (Q: Sep. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2022 ) + Invested Capital (Q: Sep. 2022 ))/ count )
=6856.65 * ( 1 - -9.45% )/( (343936.409 + 335345.58)/ 2 )
=7504.603425/339640.9945
=2.21 %

where

Invested Capital(Q: Mar. 2022 )
=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))
=325071.568 - 469.222 - ( 14680.828 - max(0, 37312.567 - 17978.504+14680.828))
=343936.409

Invested Capital(Q: Sep. 2022 )
=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))
=325909.227 - 609.137 - ( 16534.395 - max(0, 29848.976 - 19803.486+16534.395))
=335345.58

Note: The Operating Income data used here is two times the semi-annual (Sep. 2022) data.

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

Mori Trust Reit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2022  Q: Sep. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=6832.998/( ( (306985.638 + max(1483.775, 0)) + (305966.876 + max(1420.115, 0)) )/ 2 )
=6832.998/( ( 308469.413 + 307386.991 )/ 2 )
=6832.998/307928.202
=2.22 %

where Working Capital is:

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(41.862 + 0 + 3254.48) - (469.222 + 0 + 1343.345)
=1483.775

Working Capital(Q: Sep. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(77.534 + 0 + 3191.557) - (609.137 + 0 + 1239.839)
=1420.115

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2022) EBIT data.

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

Mori Trust Reit's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2022 )
=7916.048/394717.605
=2.01 %

* 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.


Mori Trust Reit EBIT Related Terms

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Mori Trust Reit (TSE:8961) Business Description

Traded in Other Exchanges
N/A
Address
3-1 Toranomon 4-chome, Minato-ku, Tokyo, JPN
Mori Trust Reit Inc is a real estate investment trust company. Its objective is to achieve sustainable growth and stable earnings from mid- to long-term perspectives. It invests in office buildings, commercial facilities, housings, and hotels. The company owns more than 10 properties in and around Central Tokyo and others. The company generates its revenue from its leasing business.

Mori Trust Reit (TSE:8961) Headlines

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