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Novarese (TSE:9160) EBIT : 円1,639 Mil (TTM As of Jun. 2024)


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What is Novarese EBIT?

Novarese's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was 円684 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was 円1,639 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Novarese's annualized ROC % for the quarter that ended in Jun. 2024 was 3.78%. Novarese's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 16.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Novarese's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 8.41%.


Novarese EBIT Historical Data

The historical data trend for Novarese'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.

Novarese EBIT Chart

Novarese Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,325.82 1,068.70 1,326.42 2,829.87 1,563.21

Novarese Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 456.06 -169.48 1,434.51 -309.60 683.74

Competitive Comparison of Novarese's EBIT

For the Personal Services subindustry, Novarese'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.


Novarese's EV-to-EBIT Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Novarese's EV-to-EBIT distribution charts can be found below:

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


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Novarese 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 quarterly data reported by the company within the most recent 12 months, which was 円1,639 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.


Novarese  (TSE:9160) EBIT Explanation

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

Novarese'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: Mar. 2024 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=2653.664 * ( 1 - 34.48% )/( (46096.786 + 45807.39)/ 2 )
=1738.6806528/45952.088
=3.78 %

where

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))
=33579.968 - 1581.388 - ( 2672.806 - max(0, 17623.599 - 3525.393+2672.806))
=46096.786

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))
=33885.1 - 1513.605 - ( 2694.62 - max(0, 16899.851 - 3463.956+2694.62))
=45807.39

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

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

Novarese'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: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2734.976/( ( (15957.59 + max(-3781.217, 0)) + (16418.629 + max(-3784.047, 0)) )/ 2 )
=2734.976/( ( 15957.59 + 16418.629 )/ 2 )
=2734.976/16188.1095
=16.89 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(385.562 + 244.732 + 222.293) - (1581.388 + 0 + 3052.416)
=-3781.217

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(348.167 + 253.386 + 167.783) - (1513.605 + 0 + 3039.778)
=-3784.047

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=1639.174/19480.113
=8.41 %

* 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.


Novarese EBIT Related Terms

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Novarese Business Description

Traded in Other Exchanges
N/A
Address
1-8-14 Ginza, Chuo-ku, Ginza YOMIKO Building 4th Floor, Tokyo, JPN, 104-0061
Novarese Inc offers 'Guest House' wedding services. The Company provides rental services for wedding clothing and accessories and operates restaurant business including wedding-food catering services.

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