ESCON Japan REIT Investment (TSE:2971) EBIT : 円2,439 Mil (TTM As of Jul. 2023)

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What is ESCON Japan REIT Investment EBIT?

ESCON Japan REIT Investment's earnings before interest and taxes (EBIT) for the six months ended in Jul. 2023 was 円1,221 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jul. 2023 was 円2,439 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ESCON Japan REIT Investment's annualized ROC % for the quarter that ended in Jul. 2023 was 3.35%. ESCON Japan REIT Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2023 was 3.37%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ESCON Japan REIT Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jul. 2023 was 3.35%.

ESCON Japan REIT Investment EBIT Historical Data

The historical data trend for ESCON Japan REIT 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.

ESCON Japan REIT Investment EBIT Chart

ESCON Japan REIT Investment Annual Data

Trend

Jul19

Jul20

Jul21

Jul22

EBIT

1,009.10

1,968.09

2,144.41

2,702.21

ESCON Japan REIT Investment Semi-Annual Data
	Oct17	Apr18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
EBIT	Get a 7-Day Free Trial								1,350.73	1,351.48	1,942.65	1,221.19	1,217.87

Competitive Comparison of ESCON Japan REIT Investment's EBIT

For the REIT - Retail subindustry, ESCON Japan REIT 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.

ESCON Japan REIT Investment's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, ESCON Japan REIT Investment's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where ESCON Japan REIT Investment's EV-to-EBIT falls into.

ESCON Japan REIT 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 Jul. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円2,439 Mil.

ESCON Japan REIT Investment (TSE:2971) EBIT Explanation

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

ESCON Japan REIT Investment's annualized ROC % for the quarter that ended in Jul. 2023 is calculated as:

	ROC % (Q: Jul. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jan. 2023 )	+	Invested Capital (Q: Jul. 2023 ))	/ count )
=	2511.006 * ( 1 - 0.06% )	/	( (74929.608	+	74849.599)	/ 2 )
=	2509.4993964	/	74889.6035
=	3.35 %

where

	Invested Capital		(Q: Jan. 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	))
=	76300.452	-	233.8	-	( 2852.651	-	max(0, 5342.357	-	6479.401	+	2852.651	))
=	74929.608

	Invested Capital		(Q: Jul. 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	))
=	75595.352	-	247.113	-	( 2318.451	-	max(0, 5356.882	-	5855.522	+	2318.451	))
=	74849.599

Note: The Operating Income data used here is two times the semi-annual (Jul. 2023) data.

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

ESCON Japan REIT Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jul. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jan. 2023		Q: Jul. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2442.378	/	( ( (69667.355 + max(2894.393, 0))	+	(69585.282 + max(2790.189, 0)) )	/	2 )
=	2442.378	/	( ( 72561.748	+	72375.471 )	/	2 )
=	2442.378	/	72468.6095
=	3.37 %

where Working Capital is:

	Working Capital		(Q: Jan. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(55.606	+	0	+	3571.144)	-	(233.8	+	0	+	498.557)
=	2894.393

	Working Capital		(Q: Jul. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(100.249	+	0	+	3436.822)	-	(247.113	+	0	+	499.769)
=	2790.189

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jul. 2023) EBIT data.

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

ESCON Japan REIT Investment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jul. 2023 )
	=	2439.057	/	72832.606
	=	3.35 %

ESCON Japan REIT Investment EBIT Related Terms

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ESCON Japan REIT Investment (TSE:2971) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » ESCON Japan REIT Investment Corp (TSE:2971) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Try Edge Ochanomizu Building, 12th Floor, 4-2-5 kandasurugadai, Chiyoda-ku, Tokyo, JPN, 101-0062

Website

https://www.esconam.jp

ESCON Japan REIT Investment Corp is a Japanese real estate investment trust which invests in commercial properties. Its main investment is leasehold land properties known as "sokochi," with stable, high-quality commercial facilities occupying the site.

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