mixi (MIXIF) EBIT : $87 Mil (TTM As of Mar. 2024)

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What is mixi EBIT?

mixi's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $31 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $87 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. mixi's annualized ROC % for the quarter that ended in Mar. 2024 was 24.74%. mixi's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 85.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. mixi's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 17.11%.

mixi EBIT Historical Data

The historical data trend for mixi'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.

mixi EBIT Chart

mixi Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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148.49

213.68

135.74

84.64

84.68

mixi 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															36.46	15.74	9.71	30.82	30.63

Competitive Comparison of mixi's EBIT

For the Electronic Gaming & Multimedia subindustry, mixi'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.

mixi's EV-to-EBIT Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, mixi's EV-to-EBIT distribution charts can be found below:

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

mixi 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 $87 Mil.

mixi (OTCPK:MIXIF) EBIT Explanation

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

mixi'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 )
=	232.308 * ( 1 - 50.46% )	/	( (502.113	+	428.365)	/ 2 )
=	115.0853832	/	465.239
=	24.74 %

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	))
=	1459.215	-	102.27	-	( 854.832	-	max(0, 193.872	-	1071.061	+	854.832	))
=	502.113

	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	))
=	1383.954	-	91.01	-	( 864.579	-	max(0, 153.466	-	1029.485	+	864.579	))
=	428.365

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

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

mixi'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 )
=	122.52	/	( ( (113.438 + max(38.984, 0))	+	(117.022 + max(18.715, 0)) )	/	2 )
=	122.52	/	( ( 152.422	+	135.737 )	/	2 )
=	122.52	/	144.0795
=	85.04 %

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)
=	(128.808	+	3.459	+	83.962)	-	(102.27	+	0	+	74.975)
=	38.984

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(88.287	+	3.778	+	72.841)	-	(91.01	+	0	+	55.181)
=	18.715

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	86.899	/	507.872
	=	17.11 %

mixi EBIT Related Terms

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mixi (MIXIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » mixi Inc (OTCPK:MIXIF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

2121:Japan MXN:Germany

Address

Sumitomo Fudosan Shibuya First Tower 7F, Tokyo, JPN, 150-0011

Website

https://mixi.co.jp

mixi Inc is a Japanese company which provides social networking services. The company conducts its business activities mainly including the operation of websites and provision of native smartphone games on the Internet. It business segments include, Entertainment Business and Media Platform Business. mixi provides games mainly including native smartphone games through Entertainment Business, and operates business-to-consumer and consumer-to-consumer services utilizing the Internet and invests in operating companies of these services through Media Platform Business.