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Brass (TSE:2424) EBIT : 円291 Mil (TTM As of Jan. 2024)


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What is Brass EBIT?

Brass's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was 円128 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was 円291 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Brass's annualized ROC % for the quarter that ended in Jan. 2024 was 2.12%. Brass's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 7.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Brass's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 4.87%.


Brass EBIT Historical Data

The historical data trend for Brass'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.

Brass EBIT Chart

Brass Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
EBIT
Get a 7-Day Free Trial Premium Member Only 582.99 -1,172.07 308.06 1,002.62 810.57

Brass 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 431.72 60.53 -174.98 277.53 127.65

Competitive Comparison of Brass's EBIT

For the Personal Services subindustry, Brass'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.


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

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

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



Brass 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291 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.


Brass  (TSE:2424) EBIT Explanation

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

Brass'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 )
=463.128 * ( 1 - 48.56% )/( (11543.776 + 10907.569)/ 2 )
=238.2330432/11225.6725
=2.12 %

where

Invested Capital(Q: Oct. 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))
=11224.49 - 1163.82 - ( 2462.932 - max(0, 4375.56 - 2892.454+2462.932))
=11543.776

Invested Capital(Q: Jan. 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))
=10301.809 - 917.12 - ( 1204.029 - max(0, 3237.091 - 1714.211+1204.029))
=10907.569

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

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

Brass'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 )
=510.612/( ( (6631.388 + max(-1894.659, 0)) + (6905.81 + max(-1459.695, 0)) )/ 2 )
=510.612/( ( 6631.388 + 6905.81 )/ 2 )
=510.612/6768.599
=7.54 %

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)
=(37.836 + 188.653 + 203.033) - (1163.82 + 0 + 1160.361)
=-1894.659

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(20.15 + 183.014 + 307.018) - (917.12 + 0 + 1052.757)
=-1459.695

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jan. 2024 )
=290.734/5966.481
=4.87 %

* 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.


Brass EBIT Related Terms

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Brass (TSE:2424) Business Description

Traded in Other Exchanges
N/A
Address
2-34-1 Meieki, Yubinbango451, Ecole Plaza Meieki Building, 4th floor, Nishi-ku, Aichi Prefecture, Nagoya, JPN, 451-0045
Brass Corp is engaged in house wedding business. It is focused on planning and management of wedding reception accompanying house wedding business, sales and rental of wedding costume. It also has a restaurant business.

Brass (TSE:2424) Headlines

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