SPARX Group Co (TSE:8739) EBIT : 円8,457 Mil (TTM As of Dec. 2023)

View and export this data going back to 2001. Start your Free Trial

What is SPARX Group Co EBIT?

SPARX Group Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円1,702 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円8,457 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SPARX Group Co's annualized ROC % for the quarter that ended in Dec. 2023 was 18.31%. SPARX Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 604.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SPARX Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.18%.

SPARX Group Co EBIT Historical Data

The historical data trend for SPARX Group 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.

SPARX Group Co EBIT Chart

SPARX Group Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

Get a 7-Day Free Trial

4,194.00

4,030.00

6,108.00

6,410.00

6,700.00

SPARX Group Co 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															1,246.00	1,967.00	2,909.00	1,879.00	1,702.00

Competitive Comparison of SPARX Group Co's EBIT

For the Asset Management subindustry, SPARX Group 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.

SPARX Group Co's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, SPARX Group Co's EV-to-EBIT distribution charts can be found below:

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

SPARX Group 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円8,457 Mil.

SPARX Group Co (TSE:8739) EBIT Explanation

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

SPARX Group Co'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 )
=	6112 * ( 1 - 29.89% )	/	( (23831	+	22971)	/ 2 )
=	4285.1232	/	23401
=	18.31 %

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	))
=	42324	-	1996	-	( 18511	-	max(0, 7323	-	23820	+	18511	))
=	23831

	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	))
=	42770	-	1894	-	( 17905	-	max(0, 5505	-	24500	+	17905	))
=	22971

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

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

SPARX Group Co'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 )
=	6808	/	( ( (1182 + max(-707, 0))	+	(1070 + max(-613, 0)) )	/	2 )
=	6808	/	( ( 1182	+	1070 )	/	2 )
=	6808	/	1126
=	604.62 %

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)
=	(1398	+	0	+	1218)	-	(1996	+	0	+	1327)
=	-707

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1121	+	0	+	1771)	-	(1894	+	0	+	1611)
=	-613

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	8457	/	64167.022
	=	13.18 %

SPARX Group Co EBIT Related Terms

Thank you for viewing the detailed overview of SPARX Group Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

SPARX Group Co (TSE:8739) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » SPARX Group Co Ltd (TSE:8739) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SRXXF:USA

Address

1-2-70 Konan, Shinagawa Season Terrace, 6th Floor, Minato-ku, Tokyo, JPN, 108 0075

Website

http://www.sparx.jp

SPARX Group Co Ltd is a Japan-based holding company engaged in the Asset Management Business and Investment Advisory Business, through its subsidiaries. It operates a variety of investment strategies through a host of entities. The group invests on behalf of corporate pension annuities, government entities, private and trust banks, and public pension funds. Strategies include Japanese equity, Asia ex-Japan alternatives, and Korean strategies. In addition to mutual fund offerings, the company offers advisory services to customers in Japan. Mutual fund offerings are offered directly or through brokerage houses, banks, and other intermediaries globally.

SPARX Group Co (TSE:8739) Headlines

No Headlines