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Medical Net (TSE:3645) EBIT : 円166 Mil (TTM As of Feb. 2024)


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What is Medical Net EBIT?

Medical Net's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2024 was 円-32 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2024 was 円166 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Medical Net's annualized ROC % for the quarter that ended in Feb. 2024 was 23.17%. Medical Net's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was -19.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Medical Net's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 5.85%.


Medical Net EBIT Historical Data

The historical data trend for Medical Net'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.

Medical Net EBIT Chart

Medical Net Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 153.04 106.13 255.99 535.75 253.77

Medical Net Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 42.62 2.90 46.73 147.77 -31.85

Competitive Comparison of Medical Net's EBIT

For the Internet Content & Information subindustry, Medical Net'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.


Medical Net's EV-to-EBIT Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Medical Net's EV-to-EBIT distribution charts can be found below:

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



Medical Net 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 quarterly data reported by the company within the most recent 12 months, which was 円166 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.


Medical Net  (TSE:3645) EBIT Explanation

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

Medical Net'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: Nov. 2023 ) + Invested Capital (Q: Feb. 2024 ))/ count )
=247.712 * ( 1 - -93.08% )/( (2015.238 + 2113.97)/ 2 )
=478.2823296/2064.604
=23.17 %

where

Invested Capital(Q: Nov. 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))
=3568.619 - 428.166 - ( 1399.526 - max(0, 1453.285 - 2578.5+1399.526))
=2015.238

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))
=3669.646 - 464.645 - ( 1438.746 - max(0, 1598.001 - 2689.032+1438.746))
=2113.97

Note: The Operating Income data used here is four times the quarterly (Feb. 2024) data.

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

Medical Net'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: Nov. 2023  Q: Feb. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-127.38/( ( (121.473 + max(484.659, 0)) + (128.878 + max(546.738, 0)) )/ 2 )
=-127.38/( ( 606.132 + 675.616 )/ 2 )
=-127.38/640.874
=-19.88 %

where Working Capital is:

Working Capital(Q: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(823.518 + 223.467 + 131.989) - (428.166 + 0 + 266.149)
=484.659

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(801.385 + 264.427 + 184.474) - (464.645 + 0 + 238.903)
=546.738

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2024 )
=165.551/2830.083
=5.85 %

* 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.


Medical Net EBIT Related Terms

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Medical Net (TSE:3645) Business Description

Traded in Other Exchanges
N/A
Address
1-3, Hatagaya 1-Chome Shibuya-ku, Tokyo, JPN, 1510072
Medical Net Inc provides medical and life-related information services utilizing the Internet. The company operates dental implant treatment, orthodontic and aesthetic dental treatment, dental comprehensive information, and dental professional job sites; and offers dental clinic management support services, as well as dental related enterprise marketing support services.

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