TV Asahi Holdings (TSE:9409) EBIT : 円12,338 Mil (TTM As of Dec. 2023)

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What is TV Asahi Holdings EBIT?

TV Asahi Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円4,914 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円12,338 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TV Asahi Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 3.33%. TV Asahi Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.99%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TV Asahi Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.17%.

TV Asahi Holdings EBIT Historical Data

The historical data trend for TV Asahi Holdings'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.

TV Asahi Holdings EBIT Chart

TV Asahi Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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12,565.00

14,414.00

21,432.00

14,504.00

12,338.00

TV Asahi Holdings 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															1,280.00	3,708.00	628.00	4,914.00	3,088.00

Competitive Comparison of TV Asahi Holdings's EBIT

For the Broadcasting subindustry, TV Asahi Holdings'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.

TV Asahi Holdings's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, TV Asahi Holdings's EV-to-EBIT distribution charts can be found below:

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

TV Asahi Holdings 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12,338 Mil.

TV Asahi Holdings (TSE:9409) EBIT Explanation

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

TV Asahi Holdings'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 )
=	19656 * ( 1 - 28.42% )	/	( (413913	+	431089)	/ 2 )
=	14069.7648	/	422501
=	3.33 %

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	))
=	499044	-	7758	-	( 77373	-	max(0, 60547	-	173211	+	77373	))
=	413913

	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	))
=	508778	-	10007	-	( 67682	-	max(0, 64381	-	170211	+	67682	))
=	431089

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

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

TV Asahi Holdings'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 )
=	19656	/	( ( (110078 + max(35291, 0))	+	(119201 + max(38148, 0)) )	/	2 )
=	19656	/	( ( 145369	+	157349 )	/	2 )
=	19656	/	151359
=	12.99 %

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)
=	(72928	+	13096	+	9814)	-	(7758	+	0	+	52789)
=	35291

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(79666	+	13083	+	9780)	-	(10007	+	0	+	54374)
=	38148

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:

TV Asahi Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	12338	/	134545.783
	=	9.17 %

TV Asahi Holdings EBIT Related Terms

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TV Asahi Holdings (TSE:9409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » TV Asahi Holdings Corp (TSE:9409) » Definitions » EBIT

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Traded in Other Exchanges

THDDY:USA

Address

6-9-1, Roppongi, Minato-ku, Tokyo, JPN, 106-8001

Website

http://www.tv-asahihd.co.jp

TV Asahi Holdings Corporation is a Japanese multimedia group. Ranging from its primary business of broadcast TV, the company owns and manages music publishing and miscellaneous businesses. The Television Broadcasting segment is involved in the production and broadcasting of TV programs. The Music Publishing segment attends to music copyrights and related rights as well as the artist management and recording businesses and through the Others segment, it is engaged in event management and the sale of digital goods such as DVDs. The company derives its revenue from TV Broadcasting Business.

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