GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Japan Excellent Inc (TSE:8987) » Definitions » EBIT

Japan Excellent (TSE:8987) EBIT : 円9,152 Mil (TTM As of Jun. 2024)


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

What is Japan Excellent EBIT?

Japan Excellent's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was 円4,668 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was 円9,152 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Japan Excellent's annualized ROC % for the quarter that ended in Jun. 2024 was 3.16%. Japan Excellent's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 3.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Japan Excellent's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 3.22%.


Japan Excellent EBIT Historical Data

The historical data trend for Japan Excellent'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.

Japan Excellent EBIT Chart

Japan Excellent Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6,925.71 10,873.02 8,770.03 8,519.10 8,811.11

Japan Excellent Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 4,554.29 3,964.81 4,326.90 4,484.21 4,667.80

Competitive Comparison of Japan Excellent's EBIT

For the REIT - Office subindustry, Japan Excellent'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.


Japan Excellent's EV-to-EBIT Distribution in the REITs Industry

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

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



Japan Excellent 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円9,152 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.


Japan Excellent  (TSE:8987) EBIT Explanation

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

Japan Excellent's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=9671.514 * ( 1 - 0.02% )/( (295060.515 + 317361.715)/ 2 )
=9669.5796972/306211.115
=3.16 %

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))
=294823.89 - 1727.371 - ( 10466.806 - max(0, 24760.774 - 22796.778+10466.806))
=295060.515

Invested Capital(Q: Jun. 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))
=304049.723 - 1736.991 - ( 6908.642 - max(0, 34825.875 - 19776.892+6908.642))
=317361.715

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Japan Excellent's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=9335.59/( ( (255192.736 + max(10339.198, 0)) + (267093.713 + max(10912.375, 0)) )/ 2 )
=9335.59/( ( 265531.934 + 278006.088 )/ 2 )
=9335.59/271769.011
=3.44 %

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)
=(355.88 + 0 + 11974.092) - (1727.371 + 0 + 263.403)
=10339.198

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(385.997 + 0 + 12482.253) - (1736.991 + 0 + 218.884)
=10912.375

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

Japan Excellent's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=9152.004/284337.775
=3.22 %

* 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.


Japan Excellent EBIT Related Terms

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


Japan Excellent Business Description

Traded in Other Exchanges
N/A
Address
1-9-20 Akasaka, Minato-ku, Tokyo, JPN, 107-0052
Japan Excellent Inc is a real estate investment trust. It mainly invests in office buildings located in major metropolitan areas and pursues to create a portfolio that produces stable growth of income by acquiring properties. The company's portfolio of assets is managed by Japan Excellent Asset Management Co., Ltd.

Japan Excellent Headlines

No Headlines