GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Star Asia Investment Corp (TSE:3468) » Definitions » EBIT

Star Asia Investment (TSE:3468) EBIT : 円3,995 Mil (TTM As of Jan. 2023)


View and export this data going back to 2016. Start your Free Trial

What is Star Asia Investment EBIT?

Star Asia Investment's earnings before interest and taxes (EBIT) for the six months ended in Jan. 2023 was 円3,159 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2023 was 円3,995 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Star Asia Investment's annualized ROC % for the quarter that ended in Jan. 2023 was 3.26%. Star Asia Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2023 was 3.34%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Star Asia Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2023 was 1.68%.

Star Asia Investment EBIT Historical Data

The historical data trend for Star Asia 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.

Star Asia Investment EBIT Chart

Star Asia Investment Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22
EBIT
Get a 7-Day Free Trial 3,387.42 4,340.02 - 14,811.19 5,759.19

Star Asia Investment Semi-Annual Data
Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jan21 Jul21 Jan22 Jul22 Jan23 Jan24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,709.56 2,857.19 2,902.00 3,158.95 3,995.48

Competitive Comparison of Star Asia Investment's EBIT

For the REIT - Diversified subindustry, Star Asia 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.

Star Asia Investment's EV-to-EBIT Distribution in the REITs Industry

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

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


Star Asia 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3,995 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.

Star Asia Investment  (TSE:3468) EBIT Explanation

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

Star Asia 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 )
=6699.118 * ( 1 - 0.02% )/( (198265.905 + 212942.742)/ 2 )
=6697.7781764/205604.3235
=3.26 %

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))
=193488.543 - 1393.069 - ( 4265.178 - max(0, 18853.703 - 12683.272+4265.178))
=198265.905

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))
=208766.606 - 1493.595 - ( 3488.637 - max(0, 18255.474 - 12585.743+3488.637))
=212942.742

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:

Star Asia 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 )
=6317.902/( ( (175500.222 + max(5954.391, 0)) + (190772.735 + max(6471.632, 0)) )/ 2 )
=6317.902/( ( 181454.613 + 197244.367 )/ 2 )
=6317.902/189349.49
=3.34 %

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)
=(137.598 + 0 + 8280.496) - (1393.069 + 0 + 1070.634)
=5954.391

Working Capital(Q: Jan. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(147.713 + 0 + 8949.393) - (1493.595 + 0 + 1131.879)
=6471.632

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jan. 2023 )
=3995.475/238280.563
=1.68 %

* 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.

Star Asia Investment EBIT Related Terms

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

Star Asia Investment (TSE:3468) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Star Asia Investment Corp (TSE:3468) » Definitions » EBIT
Comparable Companies
TSE:8968 TSE:8966 TSE:8977 TSE:8956 TSE:8957 TSE:3487 TSE:3476 TSE:3492 TSE:3451 TSE:2989 VICI ASX:MGR WPC FUNO11 ASX:SGP LSE:LAND SRC LSE:UTG ASX:GPT TSE:8984
Traded in Other Exchanges
N/A
Address
2-5-1, Atago, 18th Floor, Atago Green Hills MORI Tower, Minato-ku, Tokyo, JPN, 105-0002
Website
http://www.starasia-reit.com
Star Asia Investment Corp is a real estate investment trust (REIT). The company mainly invests in real estate properties such as business offices, logistics facilities, residential buildings and hotels. It aims to achieve internal and external growth in asset and maximize investors' profit from mid-term to long-term perspectives.

Star Asia Investment (TSE:3468) Headlines

No Headlines