Comforia Residential REIT (TSE:3282) EBIT : 円9,351 Mil (TTM As of Jul. 2023)

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What is Comforia Residential REIT EBIT?

Comforia Residential REIT's earnings before interest and taxes (EBIT) for the six months ended in Jul. 2023 was 円4,643 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jul. 2023 was 円9,351 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Comforia Residential REIT's annualized ROC % for the quarter that ended in Jul. 2023 was 3.07%. Comforia Residential REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2023 was 3.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Comforia Residential REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jul. 2023 was 2.38%.

Comforia Residential REIT EBIT Historical Data

The historical data trend for Comforia Residential REIT'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.

Comforia Residential REIT EBIT Chart

Comforia Residential REIT Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

EBIT

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7,362.61

7,852.90

9,711.43

8,236.22

9,096.29

Comforia Residential REIT Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
EBIT	Get a 7-Day Free Trial															4,041.21	4,195.01	4,452.93	4,643.36	4,707.78

Competitive Comparison of Comforia Residential REIT's EBIT

For the REIT - Residential subindustry, Comforia Residential REIT'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.

Comforia Residential REIT's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Comforia Residential REIT's EV-to-EBIT distribution charts can be found below:

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

Comforia Residential REIT 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 Jul. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円9,351 Mil.

Comforia Residential REIT (TSE:3282) EBIT Explanation

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

Comforia Residential REIT's annualized ROC % for the quarter that ended in Jul. 2023 is calculated as:

	ROC % (Q: Jul. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jan. 2023 )	+	Invested Capital (Q: Jul. 2023 ))	/ count )
=	9692.064 * ( 1 - 0.22% )	/	( (306499.508	+	323610.72)	/ 2 )
=	9670.7414592	/	315055.114
=	3.07 %

where

	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	))
=	303392.292	-	771.174	-	( 11396.439	-	max(0, 24475.945	-	20597.555	+	11396.439	))
=	306499.508

	Invested Capital		(Q: Jul. 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	))
=	318577.426	-	897.301	-	( 9181.404	-	max(0, 24740.304	-	18809.709	+	9181.404	))
=	323610.72

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

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

Comforia Residential REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jul. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jan. 2023		Q: Jul. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	9286.714	/	( ( (278156.663 + max(6444.171, 0))	+	(293963.342 + max(6668.001, 0)) )	/	2 )
=	9286.714	/	( ( 284600.834	+	300631.343 )	/	2 )
=	9286.714	/	292616.0885
=	3.17 %

where Working Capital is:

	Working Capital		(Q: Jan. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.592	+	0	+	9193.524)	-	(771.174	+	0	+	1985.771)
=	6444.171

	Working Capital		(Q: Jul. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.717	+	0	+	9621.588)	-	(897.301	+	0	+	2063.003)
=	6668.001

When net working capital is negative, 0 is used.

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

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

Comforia Residential REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jul. 2023 )
	=	9351.137	/	393548.826
	=	2.38 %

Comforia Residential REIT EBIT Related Terms

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Comforia Residential REIT (TSE:3282) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Comforia Residential REIT Inc (TSE:3282) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1 Minami-Aoyama 1-chome, Minato-ku, Tokyo, JPN

Website

http://www.comforia-reit.co.jp

Comforia Residential REIT Inc is a Japan-based residential real estate investment trust. The company is engaged in investment in residential real estates for lease, real estate backed assets and general leasing properties. It offers leasing properties for singles and small families. The REIT invests in leasing properties located in Tokyo metropolitan and other residential properties in communities in other cities.

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