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Token (TSE:1766) EBIT : 円10,059 Mil (TTM As of Jan. 2024)


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What is Token EBIT?

Token's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was 円2,871 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was 円10,059 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Token's annualized ROC % for the quarter that ended in Jan. 2024 was 6.50%. Token's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 27.26%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Token's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 26.90%.


Token EBIT Historical Data

The historical data trend for Token'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.

Token EBIT Chart

Token Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15,609.00 12,822.00 15,563.00 15,043.00 9,739.00

Token Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 2,091.00 1,631.00 3,000.00 2,557.00 2,871.00

Competitive Comparison of Token's EBIT

For the Real Estate Services subindustry, Token'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.


Token's EV-to-EBIT Distribution in the Real Estate Industry

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

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



Token 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円10,059 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.


Token  (TSE:1766) EBIT Explanation

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

Token's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

ROC % (Q: Jan. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2023 ) + Invested Capital (Q: Jan. 2024 ))/ count )
=11484 * ( 1 - 33.12% )/( (118914 + 117379)/ 2 )
=7680.4992/118146.5
=6.50 %

where

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

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

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

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=11484/( ( (42186 + max(-41115, 0)) + (42064 + max(-37310, 0)) )/ 2 )
=11484/( ( 42186 + 42064 )/ 2 )
=11484/42125
=27.26 %

where Working Capital is:

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7704 + 3793 + 2196) - (12103 + 0 + 42705)
=-41115

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7675 + 4115 + 2304) - (10012 + 0 + 41392)
=-37310

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jan. 2024 )
=10059/37400.878
=26.90 %

* 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.


Token EBIT Related Terms

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Token (TSE:1766) Business Description

Traded in Other Exchanges
Address
Marunouchi Building, 2-1-33 Marunouchi, Naka-ku, Nagoya, JPN, 460-0002
Token Corp is a real estate company focused on construction and leasing of commercial and residential buildings. The company organises itself into three segments: construction, real estate leasing, and other. The construction segment, which generates approximately half of the company's revenue, constructs residential and commercial buildings. The real estate segment, which generates almost half of the company's revenue, leases real estate assets. The company is headquartered in Japan, and derives the majority of revenue domestically.

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