MFS (TSE:196A) EBIT : 円 Mil (TTM As of Jun. 2024)

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What is MFS EBIT?

MFS's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was 円-134 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MFS's annualized ROC % for the quarter that ended in Jun. 2024 was -29.79%. MFS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -171.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

MFS EBIT Historical Data

The historical data trend for MFS'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.

MFS EBIT Chart

MFS Annual Data

Trend

Jun22

Jun23

Jun24

EBIT

-549.25

-137.43

-133.84

MFS Semi-Annual Data
	Jun22	Jun23	Jun24
EBIT	-549.25	-137.43	-133.84

Competitive Comparison of MFS's EBIT

For the Mortgage Finance subindustry, MFS'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.

MFS's EV-to-EBIT Distribution in the Banks Industry

For the Banks industry and Financial Services sector, MFS's EV-to-EBIT distribution charts can be found below:

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

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MFS 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Jun. 2024 was 円 Mil.

MFS (TSE:196A) EBIT Explanation

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

MFS's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-110.789 * ( 1 - 15.85% )	/	( (354.069	+	271.884)	/ 2 )
=	-93.2289435	/	312.9765
=	-29.79 %

where

	Invested Capital		(Q: Jun. 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	))
=	1944.322	-	168.488	-	( 1577.601	-	max(0, 439.161	-	1860.926	+	1577.601	))
=	354.069

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	2421.03	-	172.345	-	( 1976.801	-	max(0, 260.17	-	2259.557	+	1976.801	))
=	271.884

Note: The Operating Income data used here is one times the annual (Jun. 2024) data.

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

MFS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-133.835	/	( ( (31.056 + max(59.834, 0))	+	(34.503 + max(30.916, 0)) )	/	2 )
=	-133.835	/	( ( 90.89	+	65.419 )	/	2 )
=	-133.835	/	78.1545
=	-171.24 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(253.73	+	0	+	29.595)	-	(168.488	+	0	+	55.003)
=	59.834

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(246.874	+	0	+	35.882)	-	(172.345	+	0	+	79.495)
=	30.916

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=		/	1739.190
	=	%

MFS EBIT Related Terms

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MFS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MFS Inc (TSE:196A) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-6-1 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0004

Website

https://www.mortgagefss.jp

MFS Inc is engaged in development and provision of "Mogecheck", an online mortgage service and development and provision of "INVASE", comprehensive real estate investment platform..

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