Invincible Investment (TSE:8963) EBIT : 円21,155 Mil (TTM As of Jun. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Invincible Investment EBIT?

Invincible Investment's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was 円9,456 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was 円21,155 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Invincible Investment's annualized ROC % for the quarter that ended in Jun. 2023 was 3.33%. Invincible Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 4.37%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Invincible Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 3.02%.

Invincible Investment EBIT Historical Data

The historical data trend for Invincible Investment'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.

Invincible Investment EBIT Chart

Invincible Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

34,182.86

2,460.60

-1,301.27

7,252.41

21,155.24

Invincible Investment Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															1,645.43	1,606.14	5,646.28	9,455.83	11,699.41

Competitive Comparison of Invincible Investment's EBIT

For the REIT - Hotel & Motel subindustry, Invincible Investment'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.

Invincible Investment's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Invincible Investment's EV-to-EBIT distribution charts can be found below:

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

Invincible Investment 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円21,155 Mil.

Invincible Investment (TSE:8963) EBIT Explanation

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

Invincible Investment's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	20713.484 * ( 1 - 0.01% )	/	( (624226.084	+	621021.432)	/ 2 )
=	20711.4126516	/	622623.758
=	3.33 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	494237.781	-	1004.877	-	( 15553.174	-	max(0, 161519.996	-	30526.816	+	15553.174	))
=	624226.084

	Invested Capital		(Q: Jun. 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	))
=	496819.93	-	1026.404	-	( 18377.03	-	max(0, 161183.886	-	35955.98	+	18377.03	))
=	621021.432

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Invincible Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	18911.658	/	( ( (418949.565 + max(13373.646, 0))	+	(416225.95 + max(15987.064, 0)) )	/	2 )
=	18911.658	/	( ( 432323.211	+	432213.014 )	/	2 )
=	18911.658	/	432268.1125
=	4.37 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4845.162	+	0	+	10128.48)	-	(1004.877	+	0	+	595.11900000001)
=	13373.646

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5750.301	+	0	+	11828.649)	-	(1026.404	+	0	+	565.48199999999)
=	15987.064

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	21155.236	/	701169.697
	=	3.02 %

Invincible Investment EBIT Related Terms

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

Invincible Investment (TSE:8963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Invincible Investment Corp (TSE:8963) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Roppongi Hills Mori Tower 6-10-1 Roppongi, Minato-ku, Tokyo, JPN

Website

http://www.invincible-inv.co.jp

Invincible Investment Corp is a Japanese real estate investment trust. It aims to ensure steady asset growth and stable revenues from a medium-to-long-term perspective through investing in real estate properties. The company invests primarily in residential properties or hotels, or real estate assets and other assets backed by such residential properties or hotels and real estate-backed securities.

Invincible Investment (TSE:8963) Headlines

No Headlines