Fixstars (TSE:3687) EBIT : 円2,264 Mil (TTM As of Mar. 2024)

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What is Fixstars EBIT?

Fixstars's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was 円654 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was 円2,264 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fixstars's annualized ROC % for the quarter that ended in Mar. 2024 was 52.22%. Fixstars's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 115.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fixstars's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.70%.

Fixstars EBIT Historical Data

The historical data trend for Fixstars'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.

Fixstars EBIT Chart

Fixstars Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

EBIT

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1,315.20

1,135.30

952.43

1,686.83

2,098.55

Fixstars Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															508.69	366.35	718.17	525.68	653.52

Competitive Comparison of Fixstars's EBIT

For the Software - Application subindustry, Fixstars'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.

Fixstars's EV-to-EBIT Distribution in the Software Industry

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

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

Fixstars 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円2,264 Mil.

Fixstars (TSE:3687) EBIT Explanation

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

Fixstars's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	2618.8 * ( 1 - 33% )	/	( (3384.721	+	3335.105)	/ 2 )
=	1754.596	/	3359.913
=	52.22 %

where

	Invested Capital		(Q: Dec. 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	))
=	7663.191	-	263.739	-	( 4014.731	-	max(0, 1662.594	-	6879.887	+	4014.731	))
=	3384.721

	Invested Capital		(Q: Mar. 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	))
=	8331.288	-	547.546	-	( 4448.637	-	max(0, 2000.857	-	7454.791	+	4448.637	))
=	3335.105

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

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

Fixstars's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2614.084	/	( ( (563.289 + max(1629.799, 0))	+	(609.47 + max(1726.324, 0)) )	/	2 )
=	2614.084	/	( ( 2193.088	+	2335.794 )	/	2 )
=	2614.084	/	2264.441
=	115.44 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2298.055	+	14.965	+	183.377)	-	(263.739	+	0	+	602.859)
=	1629.799

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2769.422	+	22.551	+	139.212)	-	(547.546	+	0	+	657.315)
=	1726.324

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	2263.719	/	61139.836
	=	3.70 %

Fixstars EBIT Related Terms

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Fixstars (TSE:3687) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fixstars Corp (TSE:3687) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-11-1 Ohsaki, Shinagawa-Ku, Gate City Ohsaki West Tower 18Floor, Tokyo, JPN, 141-0032

Website

http://www.fixstars.com

Fixstars Corp is a Japan based software company. It offers multicore processors and application acceleration for the next generation of memory technology that delivers high speed IO as well as power savings. The solutions offered by the company are quantum computing, IoT, machine learning and FPGA. It operates in the business areas of Automotive, Flash storage, Industrial equipment, Finance, Healthcare and HPC. The company's products are M-cubed, Geometric Performance Primitives, FlashAir and Yellow Dog Appliance Server.

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