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Daiwa Co (TSE:8247) EBIT : 円672 Mil (TTM As of Nov. 2023)


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What is Daiwa Co EBIT?

Daiwa Co's earnings before interest and taxes (EBIT) for the three months ended in Nov. 2023 was 円271 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2023 was 円672 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Daiwa Co's annualized ROC % for the quarter that ended in Nov. 2023 was 1.03%. Daiwa Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was 6.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Daiwa Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was 7.59%.


Daiwa Co EBIT Historical Data

The historical data trend for Daiwa Co'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.

Daiwa Co EBIT Chart

Daiwa Co Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4,575.41 655.88 -322.76 -150.86 296.27

Daiwa Co Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 20.95 110.26 239.37 51.49 270.74

Competitive Comparison of Daiwa Co's EBIT

For the Department Stores subindustry, Daiwa Co'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.


Daiwa Co's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Daiwa Co's EV-to-EBIT distribution charts can be found below:

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



Daiwa Co 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円672 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.


Daiwa Co  (TSE:8247) EBIT Explanation

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

Daiwa Co's annualized ROC % for the quarter that ended in Nov. 2023 is calculated as:

ROC % (Q: Nov. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2023 ) + Invested Capital (Q: Nov. 2023 ))/ count )
=394.324 * ( 1 - 6.04% )/( (36045.336 + 35905.715)/ 2 )
=370.5068304/35975.5255
=1.03 %

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))
=27067.95 - 2318.379 - ( 2291.364 - max(0, 17300.783 - 6005.018+2291.364))
=36045.336

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))
=28264.004 - 2944.807 - ( 2130.416 - max(0, 17711.181 - 7124.663+2130.416))
=35905.715

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

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

Daiwa Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Nov. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2023  Q: Nov. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1082.976/( ( (16122.488 + max(-7775.984, 0)) + (16042.73 + max(-7777.976, 0)) )/ 2 )
=1082.976/( ( 16122.488 + 16042.73 )/ 2 )
=1082.976/16082.609
=6.73 %

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)
=(1800.191 + 1439.902 + 473.561) - (2318.379 + 0 + 9171.259)
=-7775.984

Working Capital(Q: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2691.051 + 1655.321 + 647.875) - (2944.807 + 0 + 9827.416)
=-7777.976

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Nov. 2023 )
=671.86/8851.613
=7.59 %

* 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.


Daiwa Co EBIT Related Terms

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Daiwa Co (TSE:8247) Business Description

Traded in Other Exchanges
N/A
Address
5 No. 2 No. Kanazawa Katamachi 2-chome, Kanazawa, JPN
Daiwa Co Ltd is a Japan-based company mainly engaged in the operation of department stores. It operates three department stores in Kanazawa, Toyama and Takaoka cities.

Daiwa Co (TSE:8247) Headlines

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