Advance Residence Investment (TSE:3269) EBIT : 円8,694 Mil (TTM As of Jan. 2023)

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What is Advance Residence Investment EBIT?

Advance Residence Investment's earnings before interest and taxes (EBIT) for the six months ended in Jan. 2023 was 円8,758 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2023 was 円8,694 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Advance Residence Investment's annualized ROC % for the quarter that ended in Jan. 2023 was 3.85%. Advance Residence Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2023 was 3.93%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Advance Residence Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2023 was 1.24%.

Advance Residence Investment EBIT Historical Data

The historical data trend for Advance Residence Investment'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.

Advance Residence Investment EBIT Chart

Advance Residence Investment Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

EBIT

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15,294.88

15,895.82

15,911.29

16,874.24

16,355.67

Advance Residence Investment Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jan24
EBIT	Get a 7-Day Free Trial															8,032.87	8,525.79	8,154.83	8,758.13	8,694.14

Competitive Comparison of Advance Residence Investment's EBIT

For the REIT - Residential subindustry, Advance Residence Investment'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.

Advance Residence Investment's EV-to-EBIT Distribution in the REITs Industry

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

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

Advance Residence Investment 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 Jan. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円8,694 Mil.

Advance Residence Investment (TSE:3269) EBIT Explanation

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

Advance Residence Investment's annualized ROC % for the quarter that ended in Jan. 2023 is calculated as:

	ROC % (Q: Jan. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2022 )	+	Invested Capital (Q: Jan. 2023 ))	/ count )
=	17901.13 * ( 1 - 0.01% )	/	( (462902.047	+	467346.62)	/ 2 )
=	17899.339887	/	465124.3335
=	3.85 %

where

	Invested Capital		(Q: Jul. 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	))
=	464898.449	-	2023.058	-	( 13775.732	-	max(0, 24417.133	-	24390.477	+	13775.732	))
=	462902.047

	Invested Capital		(Q: Jan. 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	))
=	469629.651	-	2141.843	-	( 14716.443	-	max(0, 25206.834	-	25348.022	+	14716.443	))
=	467346.62

Note: The Operating Income data used here is two times the semi-annual (Jan. 2023) data.

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

Advance Residence Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jan. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jul. 2022		Q: Jan. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	17516.268	/	( ( (435998.469 + max(8427.612, 0))	+	(438660.019 + max(8304.745, 0)) )	/	2 )
=	17516.268	/	( ( 444426.081	+	446964.764 )	/	2 )
=	17516.268	/	445695.4225
=	3.93 %

where Working Capital is:

	Working Capital		(Q: Jul. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(142.295	+	0	+	10472.45)	-	(2023.058	+	0	+	164.075)
=	8427.612

	Working Capital		(Q: Jan. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(148.816	+	0	+	10482.763)	-	(2141.843	+	0	+	184.991)
=	8304.745

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jan. 2023) EBIT data.

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

Advance Residence Investment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jan. 2023 )
	=	8694.135	/	700946.557
	=	1.24 %

Advance Residence Investment EBIT Related Terms

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Advance Residence Investment (TSE:3269) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Advance Residence Investment Corp (TSE:3269) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-26 Kanda-Nishikicho, Chiyoda Ward, Tokyo, JPN, 101-0054

Website

http://www.adr-reit.com

Advance Residence Investment Corp is a real estate investment trust that engaged in the property leasing business. It was created through consolidation type merger between the former Advance Residence Investment Corporation and Nippon Residential Investment Corporation. In order to secure stable earnings and steady growth in assets under management, the company procures funds through loans, issuance of investment corporation bonds, issuance of units, and other means of financing for purchasing real estate properties and repaying its debts. The company primarily invests in residential real estate properties located in central Tokyo, and the Tokyo metropolitan area.

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