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Sankei Real Estate (TSE:2972) EBIT : 円2,450 Mil (TTM As of Aug. 2023)


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What is Sankei Real Estate EBIT?

Sankei Real Estate's earnings before interest and taxes (EBIT) for the six months ended in Aug. 2023 was 円1,270 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2023 was 円2,450 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sankei Real Estate's annualized ROC % for the quarter that ended in Aug. 2023 was 2.34%. Sankei Real Estate's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2023 was 2.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sankei Real Estate's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2023 was 2.67%.

Sankei Real Estate EBIT Historical Data

The historical data trend for Sankei Real Estate'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.

Sankei Real Estate EBIT Chart

Sankei Real Estate Annual Data
Trend Aug19 Aug20 Aug21 Aug22 Aug23
EBIT
- 2,088.71 2,160.29 3,057.50 2,462.04

Sankei Real Estate Semi-Annual Data
Apr19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,480.45 1,577.06 1,192.29 1,269.75 1,180.64

Competitive Comparison of Sankei Real Estate's EBIT

For the REIT - Office subindustry, Sankei Real Estate'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.

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

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

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


Sankei Real Estate 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 Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円2,450 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.

Sankei Real Estate  (TSE:2972) EBIT Explanation

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

Sankei Real Estate's annualized ROC % for the quarter that ended in Aug. 2023 is calculated as:

ROC % (Q: Aug. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2023 ) + Invested Capital (Q: Aug. 2023 ))/ count )
=2669.196 * ( 1 - 0.08% )/( (107495.625 + 120054.483)/ 2 )
=2667.0606432/113775.054
=2.34 %

where

Invested Capital(Q: Feb. 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))
=105828.211 - 675.018 - ( 5208.842 - max(0, 10776.204 - 8433.772+5208.842))
=107495.625

Invested Capital(Q: Aug. 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))
=112235.819 - 513.907 - ( 5687.713 - max(0, 16978.677 - 8646.106+5687.713))
=120054.483

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

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

Sankei Real Estate's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Aug. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2023  Q: Aug. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2539.502/( ( (97270.779 + max(2048.726, 0)) + (103474.51 + max(1979.716, 0)) )/ 2 )
=2539.502/( ( 99319.505 + 105454.226 )/ 2 )
=2539.502/102386.8655
=2.48 %

where Working Capital is:

Working Capital(Q: Feb. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(64.478 + 0 + 3160.452) - (675.018 + 0 + 501.186)
=2048.726

Working Capital(Q: Aug. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(62.645 + 0 + 2895.748) - (513.907 + 0 + 464.77)
=1979.716

When net working capital is negative, 0 is used.

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

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

Sankei Real Estate's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Aug. 2023 )
=2450.393/91903.190
=2.67 %

* 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.

Sankei Real Estate EBIT Related Terms

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Sankei Real Estate (TSE:2972) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sankei Real Estate Inc (TSE:2972) » Definitions » EBIT
Comparable Companies
TSE:3290 TSE:8958 TSE:8975 TSE:8987 ARE BXP XPAR:GFC TSE:8951 TSE:8952 ASX:DXS VNO BOM:542602 KRC TSE:8954 XPAR:FLY XMAD:COL CUZ CDP LSE:DLN ESBA
Traded in Other Exchanges
N/A
Address
1-7-2 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0004
Website
https://www.s-reit.co.jp
Sankei Real Estate Inc is a Japanese based J-REIT. The company is engaged in the leasing of real estate properties, and owns office buildings.

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