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Tokyu Land (FRA:TOL) EBIT : €925 Mil (TTM As of Dec. 2013)


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What is Tokyu Land EBIT?

Tokyu Land's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2013 was €612 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2013 was €925 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tokyu Land's annualized ROC % for the quarter that ended in Dec. 2013 was 1.47%. Tokyu Land's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2013 was 23.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tokyu Land's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2013 was 23.00%.


Tokyu Land EBIT Historical Data

The historical data trend for Tokyu Land'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.

Tokyu Land EBIT Chart

Tokyu Land Annual Data
Trend Mar04 Mar05 Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 247.57 288.65 255.76 525.01 435.94

Tokyu Land Quarterly Data
Dec08 Mar09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13
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 71.89 122.52 63.69 127.46 611.62

Competitive Comparison of Tokyu Land's EBIT

For the Real Estate - Development subindustry, Tokyu Land'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.


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

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

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



Tokyu Land 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. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was €925 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.


Tokyu Land  (FRA:TOL) EBIT Explanation

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

Tokyu Land's annualized ROC % for the quarter that ended in Dec. 2013 is calculated as:

ROC % (Q: Dec. 2013 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2013 ) + Invested Capital (Q: Dec. 2013 ))/ count )
=180.544 * ( 1 - -0.6% )/( (12999.495 + 11796.034)/ 2 )
=181.627264/12397.7645
=1.47 %

where

Invested Capital(Q: Sep. 2013 )
=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))
=13240.836 - 320.1 - ( 472.173 - max(0, 2661.021 - 2582.262+472.173))
=12999.495

Invested Capital(Q: Dec. 2013 )
=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))
=12182.138 - 126.187 - ( 259.917 - max(0, 2250.391 - 2674.011+259.917))
=11796.034

Note: The Operating Income data used here is four times the quarterly (Dec. 2013) data.

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

Tokyu Land's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2013 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2013 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2013  Q: Dec. 2013
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2446.468/( ( (9126.55 + max(1063.228, 0)) + (8472.297 + max(1759.691, 0)) )/ 2 )
=2446.468/( ( 10189.778 + 10231.988 )/ 2 )
=2446.468/10210.883
=23.96 %

where Working Capital is:

Working Capital(Q: Sep. 2013 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(127.049 + 1709.151 + 273.889) - (320.1 + 0 + 726.761)
=1063.228

Working Capital(Q: Dec. 2013 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(78.715 + 1813.005 + 522.374) - (126.187 + 0 + 528.216)
=1759.691

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2013) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2013 )
=925.279/4022.750
=23.00 %

* 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.


Tokyu Land EBIT Related Terms

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Tokyu Land (FRA:TOL) Business Description

Traded in Other Exchanges
N/A
Address
Tokyu Land Corp is a real estate company engaged in seven business segments, namely real estate sales, contracted construction, retail sales, leasing of real estate, property management, resorts and real estate agents and other.