1st Holdings, (TSE:3644) EBIT : 円3,790 Mil (TTM As of May. 2013)

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What is 1st Holdings, EBIT?

1st Holdings,'s earnings before interest and taxes (EBIT) for the three months ended in May. 2013 was 円790 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2013 was 円3,790 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. 1st Holdings,'s annualized ROC % for the quarter that ended in May. 2013 was 10.84%. 1st Holdings,'s annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2013 was 145.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. 1st Holdings,'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in May. 2013 was 14.02%.

1st Holdings, EBIT Historical Data

The historical data trend for 1st Holdings,'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.

1st Holdings, EBIT Chart

1st Holdings, Annual Data

Trend

Feb10

Feb11

Feb12

EBIT

2,402.89

3,233.19

4,201.24

1st Holdings, Quarterly Data
	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13
EBIT	Get a 7-Day Free Trial					1,177.65	1,140.24	902.63	956.81	790.41

Competitive Comparison of 1st Holdings,'s EBIT

For the Information Technology Services subindustry, 1st Holdings,'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.

1st Holdings,'s EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, 1st Holdings,'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where 1st Holdings,'s EV-to-EBIT falls into.

1st Holdings, 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 May. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was 円3,790 Mil.

1st Holdings, (TSE:3644) EBIT Explanation

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

1st Holdings,'s annualized ROC % for the quarter that ended in May. 2013 is calculated as:

	ROC % (Q: May. 2013 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Feb. 2013 )	+	Invested Capital (Q: May. 2013 ))	/ count )
=	3161.632 * ( 1 - 46.88% )	/	( (14307.1	+	16666.01)	/ 2 )
=	1679.4589184	/	15486.555
=	10.84 %

where

	Invested Capital		(Q: Feb. 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	))
=	14326.071	-	971.174	-	( 2411.35	-	max(0, 5429.653	-	4477.45	+	2411.35	))
=	14307.1

	Invested Capital		(Q: May. 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	))
=	13995.98	-	437.422	-	( 1908.026	-	max(0, 7165.734	-	4058.282	+	1908.026	))
=	16666.01

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

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

1st Holdings,'s annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2013 is calculated as:

	ROC (Joel Greenblatt) %		(Q: May. 2013 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Feb. 2013		Q: May. 2013
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3161.632	/	( ( (2178.391 + max(-3419.378, 0))	+	(2156.873 + max(-3191.538, 0)) )	/	2 )
=	3161.632	/	( ( 2178.391	+	2156.873 )	/	2 )
=	3161.632	/	2167.632
=	145.86 %

where Working Capital is:

	Working Capital		(Q: Feb. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	82.394	+	719.821)	-	(971.174	+	0	+	3250.419)
=	-3419.378

	Working Capital		(Q: May. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	99.456	+	776.381)	-	(437.422	+	0	+	3629.953)
=	-3191.538

When net working capital is negative, 0 is used.

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

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

1st Holdings,'s Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: May. 2013 )
	=	3790.083	/	27029.301
	=	14.02 %

1st Holdings, EBIT Related Terms

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1st Holdings, (TSE:3644) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » 1st Holdings, Inc. (TSE:3644) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.1st-hd.com

1st Holdings, Inc. provides valuable creative software.

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