Tokyo Infrastructure Energy Investment (TSE:9285) EBIT : 円671 Mil (TTM As of Jun. 2024)

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What is Tokyo Infrastructure Energy Investment EBIT?

Tokyo Infrastructure Energy Investment's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was 円333 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was 円671 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tokyo Infrastructure Energy Investment's annualized ROC % for the quarter that ended in Jun. 2024 was 2.59%. Tokyo Infrastructure Energy Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 2.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tokyo Infrastructure Energy Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 3.41%.

Tokyo Infrastructure Energy Investment EBIT Historical Data

The historical data trend for Tokyo Infrastructure Energy 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.

Tokyo Infrastructure Energy Investment EBIT Chart

Tokyo Infrastructure Energy Investment Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

229.61

320.53

507.89

708.70

676.59

Tokyo Infrastructure Energy Investment Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial							312.30	396.40	338.30	338.30	333.09

Competitive Comparison of Tokyo Infrastructure Energy Investment's EBIT

For the Utilities - Renewable subindustry, Tokyo Infrastructure Energy 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.

Tokyo Infrastructure Energy Investment's EV-to-EBIT Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Tokyo Infrastructure Energy Investment's EV-to-EBIT distribution charts can be found below:

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

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Tokyo Infrastructure Energy 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円671 Mil.

Tokyo Infrastructure Energy Investment (TSE:9285) EBIT Explanation

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

Tokyo Infrastructure Energy Investment'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 )
=	714.14 * ( 1 - 0.33% )	/	( (27755	+	27263.183)	/ 2 )
=	711.783338	/	27509.0915
=	2.59 %

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	))
=	29484.612	-	76.186	-	( 1653.426	-	max(0, 1289.306	-	3024.329	+	1653.426	))
=	27755

	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	))
=	28744.281	-	103.974	-	( 1377.124	-	max(0, 1275.525	-	2795.079	+	1377.124	))
=	27263.183

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:

Tokyo Infrastructure Energy Investment'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 )
=	666.186	/	( ( (25209.181 + max(1234.296, 0))	+	(24638.586 + max(1253.948, 0)) )	/	2 )
=	666.186	/	( ( 26443.477	+	25892.534 )	/	2 )
=	666.186	/	26168.0055
=	2.55 %

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)
=	(958.106	+	0	+	412.797)	-	(76.186	+	0	+	60.421)
=	1234.296

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(926.56	+	0	+	491.395)	-	(103.974	+	0	+	60.033)
=	1253.948

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	671.389	/	19666.179
	=	3.41 %

Tokyo Infrastructure Energy Investment EBIT Related Terms

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Tokyo Infrastructure Energy Investment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tokyo Infrastructure Energy Investment Corp (TSE:9285) » Definitions » EBIT

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Traded in Other Exchanges

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Address

2-3 Kojimachi, 8th floor, Kojimachi Place, Chiyoda-ku, Tokyo, JPN

Website

http://www.tokyo-infra.com

Tokyo Infrastructure Energy Investment Corp is a Japan-based investment corporation. The company mainly invests in renewable energy generation equipment related assets. Its investment objective is to maximize the investor's value by creating high-quality investment opportunities and at the same time achieves the government's goal of promoting renewable energy power generation and revitalizes the local community. Its portfolio consists of TI Ryugasaki Solar Power Station, TI Ushisa Solar Power Station, TI Kanuma Solar Power Station, TI Yabuki Solar Power Station, and TI Kushiro Solar Power Station.

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