Japan Metropolitan Fund Investment (TSE:8953) EBIT : 円35,272 Mil (TTM As of Aug. 2023)

View and export this data going back to 2002. Start your Free Trial

What is Japan Metropolitan Fund Investment EBIT?

Japan Metropolitan Fund Investment's earnings before interest and taxes (EBIT) for the six months ended in Aug. 2023 was 円17,653 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2023 was 円35,272 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Japan Metropolitan Fund Investment's annualized ROC % for the quarter that ended in Aug. 2023 was 2.87%. Japan Metropolitan Fund Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2023 was 3.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Japan Metropolitan Fund Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2023 was 3.01%.

Japan Metropolitan Fund Investment EBIT Historical Data

The historical data trend for Japan Metropolitan Fund 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.

Japan Metropolitan Fund Investment EBIT Chart

Japan Metropolitan Fund Investment Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

EBIT

Get a 7-Day Free Trial

27,345.26

26,987.64

27,637.89

28,384.57

35,823.85

Japan Metropolitan Fund Investment Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
EBIT	Get a 7-Day Free Trial															18,518.08	17,305.77	17,508.26	17,653.18	17,619.30

Competitive Comparison of Japan Metropolitan Fund Investment's EBIT

For the REIT - Retail subindustry, Japan Metropolitan Fund 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.

Japan Metropolitan Fund Investment's EV-to-EBIT Distribution in the REITs Industry

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

* The bar in red indicates where Japan Metropolitan Fund Investment's EV-to-EBIT falls into.

Japan Metropolitan Fund 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 Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円35,272 Mil.

Japan Metropolitan Fund Investment (TSE:8953) EBIT Explanation

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

Japan Metropolitan Fund Investment's annualized ROC % for the quarter that ended in Aug. 2023 is calculated as:

	ROC % (Q: Aug. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Feb. 2023 )	+	Invested Capital (Q: Aug. 2023 ))	/ count )
=	36109.302 * ( 1 - 0% )	/	( (1253711.16	+	1262285.718)	/ 2 )
=	36109.302	/	1257998.439
=	2.87 %

where

	Invested Capital		(Q: Feb. 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	))
=	1249604.161	-	5633.065	-	( 45095.708	-	max(0, 76953.578	-	67213.514	+	45095.708	))
=	1253711.16

	Invested Capital		(Q: Aug. 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	))
=	1249926.145	-	5610.629	-	( 37370.321	-	max(0, 78896.417	-	60926.215	+	37370.321	))
=	1262285.718

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

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

Japan Metropolitan Fund Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Aug. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Feb. 2023		Q: Aug. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	35306.358	/	( ( (1142422.837 + max(8164.228, 0))	+	(1147471.982 + max(9359.477, 0)) )	/	2 )
=	35306.358	/	( ( 1150587.065	+	1156831.459 )	/	2 )
=	35306.358	/	1153709.262
=	3.06 %

where Working Capital is:

	Working Capital		(Q: Feb. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1155.29	+	0	+	20962.516)	-	(5633.065	+	0	+	8320.513)
=	8164.228

	Working Capital		(Q: Aug. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1039.176	+	0	+	22516.718)	-	(5610.629	+	0	+	8585.788)
=	9359.477

When net working capital is negative, 0 is used.

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

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

Japan Metropolitan Fund Investment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Aug. 2023 )
	=	35272.481	/	1173743.779
	=	3.01 %

Japan Metropolitan Fund Investment EBIT Related Terms

Thank you for viewing the detailed overview of Japan Metropolitan Fund Investment's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Japan Metropolitan Fund Investment (TSE:8953) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Japan Metropolitan Fund Investment Corp (TSE:8953) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

JRFIF:USA

Address

Marunouchi 2-chome, Tokyo Building 7-3, Chiyoda-ku, Tokyo, JPN, 100-6420

Website

https://www.jmf-reit.com

Japan Metropolitan Fund Investment Corp is a Japanese real estate investment trust that specialises in retail properties. The company principally generates revenue from leasing properties to tenants, which include supermarkets, clothing and accessory stores, cosmetic shops, general merchandise stores, and entertainment venues. The company's properties are located domestically in urban and suburban areas, with approximately half in the Greater Tokyo metropolitan area and the remaining in Osaka, Nagoya and surrounding areas, and other major cities.

Japan Metropolitan Fund Investment (TSE:8953) Headlines

No Headlines