Ad-Sol Nissin (TSE:3837) EBIT : 円1,458 Mil (TTM As of Dec. 2023)

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What is Ad-Sol Nissin EBIT?

Ad-Sol Nissin's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円442 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円1,458 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ad-Sol Nissin's annualized ROC % for the quarter that ended in Dec. 2023 was 25.20%. Ad-Sol Nissin's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 95.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ad-Sol Nissin's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.97%.

Ad-Sol Nissin EBIT Historical Data

The historical data trend for Ad-Sol Nissin'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.

Ad-Sol Nissin EBIT Chart

Ad-Sol Nissin Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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1,014.85

1,238.34

1,345.28

1,137.60

1,240.81

Ad-Sol Nissin Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															402.96	306.93	338.19	371.22	441.79

Competitive Comparison of Ad-Sol Nissin's EBIT

For the Information Technology Services subindustry, Ad-Sol Nissin'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.

Ad-Sol Nissin's EV-to-EBIT Distribution in the Software Industry

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

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

Ad-Sol Nissin 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円1,458 Mil.

Ad-Sol Nissin (TSE:3837) EBIT Explanation

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

Ad-Sol Nissin's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	1767.14 * ( 1 - 32.56% )	/	( (4691.87	+	4765.665)	/ 2 )
=	1191.759216	/	4728.7675
=	25.20 %

where

	Invested Capital		(Q: Sep. 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	))
=	9387.117	-	1133.062	-	( 3562.185	-	max(0, 1730.189	-	6444.451	+	3562.185	))
=	4691.87

	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	))
=	9418.821	-	1150.032	-	( 3503.124	-	max(0, 1567.898	-	6425.411	+	3503.124	))
=	4765.665

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Ad-Sol Nissin's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1767.14	/	( ( (604.047 + max(1152.077, 0))	+	(601.01 + max(1354.389, 0)) )	/	2 )
=	1767.14	/	( ( 1756.124	+	1955.399 )	/	2 )
=	1767.14	/	1855.7615
=	95.22 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2697.629	+	9.652	+	174.985)	-	(1133.062	+	0	+	597.127)
=	1152.077

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2743.46	+	13.63	+	165.197)	-	(1150.032	+	0	+	417.866)
=	1354.389

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Ad-Sol Nissin's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1458.121	/	14624.431
	=	9.97 %

Ad-Sol Nissin EBIT Related Terms

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Ad-Sol Nissin (TSE:3837) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ad-Sol Nissin Corp (TSE:3837) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Riverge Shinagawa 4 - chome, Minato - ku, Tokyo, JPN, 108-0075

Website

http://www.adniss.jp

Ad-Sol Nissin Corp develops information systems for enterprises. The company provides Social Infrastructure Business, Advanced Industry Business, IoX Integrated Engineering Business, and Security solutions. The Social Infrastructure Business develops system integration services in social infrastructures such as energy, road, aerospace, and others. Advanced Industry Business promotes Next Generation EV Vehicle, Industrial Equipment, and others. The IoX Integrated Engineering Business propose solutions such as AI. Big Data, Wireless, and others, and Security Solution protect IoT devices from cyber attacks.

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