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Land Business Co (TSE:8944) EBIT : 円1,252 Mil (TTM As of Mar. 2024)


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What is Land Business Co EBIT?

Land Business Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was 円-361 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was 円1,252 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Land Business Co's annualized ROC % for the quarter that ended in Mar. 2024 was -2.48%. Land Business Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -3.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Land Business Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.10%.


Land Business Co EBIT Historical Data

The historical data trend for Land Business 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.

Land Business Co EBIT Chart

Land Business Co Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 962.61 768.05 873.64 1,038.59 855.78

Land Business Co 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 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 1,024.80 415.40 -176.06 1,374.20 -361.21

Competitive Comparison of Land Business Co's EBIT

For the Real Estate Services subindustry, Land Business 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.


Land Business Co's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Land Business Co's EV-to-EBIT distribution charts can be found below:

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



Land Business 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円1,252 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.


Land Business Co  (TSE:8944) EBIT Explanation

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

Land Business Co'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 )
=-1461.008 * ( 1 - 27.97% )/( (41901.587 + 42861.47)/ 2 )
=-1052.3640624/42381.5285
=-2.48 %

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))
=53077.633 - 2082.974 - ( 9093.072 - max(0, 7608.179 - 17880.092+9093.072))
=41901.587

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))
=53749.583 - 1696.575 - ( 9191.538 - max(0, 7869.354 - 17696.369+9191.538))
=42861.47

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

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

Land Business Co'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 )
=-1444.836/( ( (31052.915 + max(5220.861, 0)) + (31687.931 + max(5291.496, 0)) )/ 2 )
=-1444.836/( ( 36273.776 + 36979.427 )/ 2 )
=-1444.836/36626.6015
=-3.94 %

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)
=(159.519 + 7833.171 + 794.33) - (2082.974 + 0 + 1483.185)
=5220.861

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(153.312 + 7656.521 + 694.998) - (1696.575 + 0 + 1516.76)
=5291.496

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1252.326/24566.139
=5.10 %

* 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.


Land Business Co EBIT Related Terms

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Land Business Co (TSE:8944) Business Description

Traded in Other Exchanges
N/A
Address
Kasumigaseki Building 30th Floor, Kasumigaseki 3-2-5, Chiyoda-ku, Tokyo, JPN
Land Business Co Ltd is a real estate services company based in Japan. The company operates through two segments: Real Estate Investment business and Design and Construction business. In the Real Estate Investment business, the company acquires land, inject the know-how, cultivated in the design and build office buildings. The Design and Construction business consists of design supervision business, building and consulting business to support real estate owners.

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