Advance Logistics Investment (TSE:3493) EBIT : 円3,651 Mil (TTM As of Feb. 2024)

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What is Advance Logistics Investment EBIT?

Advance Logistics Investment's earnings before interest and taxes (EBIT) for the six months ended in Feb. 2024 was 円1,836 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2024 was 円3,651 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Advance Logistics Investment's annualized ROC % for the quarter that ended in Feb. 2024 was 2.76%. Advance Logistics Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 2.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Advance Logistics Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 2.73%.

Advance Logistics Investment EBIT Historical Data

The historical data trend for Advance Logistics 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.

Advance Logistics Investment EBIT Chart

Advance Logistics Investment Annual Data

Trend

Jul19

Jul20

Jul21

Jul22

Aug23

EBIT

1,356.09

1,951.31

2,725.51

3,001.87

Advance Logistics Investment Semi-Annual Data
	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Aug23	Feb24
EBIT	Get a 7-Day Free Trial					1,454.59	1,500.94	1,500.94	1,815.56	1,835.85

Competitive Comparison of Advance Logistics Investment's EBIT

For the REIT - Industrial subindustry, Advance Logistics 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.

Advance Logistics Investment's EV-to-EBIT Distribution in the REITs Industry

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

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

Advance Logistics 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 Feb. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円3,651 Mil.

Advance Logistics Investment (TSE:3493) EBIT Explanation

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

Advance Logistics Investment's annualized ROC % for the quarter that ended in Feb. 2024 is calculated as:

	ROC % (Q: Feb. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Aug. 2023 )	+	Invested Capital (Q: Feb. 2024 ))	/ count )
=	3737.662 * ( 1 - 0.06% )	/	( (132381.839	+	138736.243)	/ 2 )
=	3735.4194028	/	135559.041
=	2.76 %

where

	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	))
=	135286.798	-	173.511	-	( 2731.448	-	max(0, 1374.351	-	7439.618	+	2731.448	))
=	132381.839

	Invested Capital		(Q: Feb. 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	))
=	135180.946	-	283	-	( 3539.129	-	max(0, 12078.345	-	8240.048	+	3539.129	))
=	138736.243

Note: The Operating Income data used here is two times the semi-annual (Feb. 2024) data.

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

Advance Logistics Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Feb. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Aug. 2023		Q: Feb. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3671.708	/	( ( (127613.001 + max(3333.819, 0))	+	(126740.934 + max(3192.248, 0)) )	/	2 )
=	3671.708	/	( ( 130946.82	+	129933.182 )	/	2 )
=	3671.708	/	130440.001
=	2.81 %

where Working Capital is:

	Working Capital		(Q: Aug. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(31.714	+	0	+	4676.456)	-	(173.511	+	0	+	1200.84)
=	3333.819

	Working Capital		(Q: Feb. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(26.308	+	0	+	4674.285)	-	(283	+	0	+	1225.345)
=	3192.248

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Feb. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Feb. 2024 )
	=	3651.413	/	133594.951
	=	2.73 %

Advance Logistics Investment EBIT Related Terms

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Advance Logistics Investment (TSE:3493) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Advance Logistics Investment Corp (TSE:3493) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-105 Kanda-Jinbocho, 17th Floor, Jinbocho Mitsui Building, Chiyoda Ward, Tokyo, JPN

Website

https://www.adl-reit.com

Advance Logistics Investment Corp is a Japanese real estate investment company. It is engaged in investing in logistics real estate.

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