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GREE (TSE:3632) EBIT : 円11,100 Mil (TTM As of Mar. 2024)


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What is GREE EBIT?

GREE's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was 円3,349 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was 円11,100 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. GREE's annualized ROC % for the quarter that ended in Mar. 2024 was 15.36%. GREE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 51.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. GREE's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 33.30%.


GREE EBIT Historical Data

The historical data trend for GREE'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.

GREE EBIT Chart

GREE Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,531.00 6,031.00 13,429.00 14,649.00 12,815.00

GREE 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 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 4,742.00 5,604.00 1,621.00 526.00 3,349.00

Competitive Comparison of GREE's EBIT

For the Electronic Gaming & Multimedia subindustry, GREE'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.


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

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

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



GREE 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 円11,100 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.


GREE  (TSE:3632) EBIT Explanation

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

GREE'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 )
=10080 * ( 1 - 25.06% )/( (48909 + 49437)/ 2 )
=7553.952/49173
=15.36 %

where

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

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

GREE'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 )
=13396/( ( (2292 + max(23010, 0)) + (2224 + max(24731, 0)) )/ 2 )
=13396/( ( 25302 + 26955 )/ 2 )
=13396/26128.5
=51.27 %

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)
=(7908 + 0 + 30768) - (8356 + 0 + 7310)
=23010

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8249 + 0 + 31319) - (8460 + 0 + 6377)
=24731

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=11100/33332.733
=33.30 %

* 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.


GREE EBIT Related Terms

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GREE (TSE:3632) Business Description

Traded in Other Exchanges
Address
10-1, Roppongi 6-Chome, Roppongi Hills Mori Tower, Minato-ku, Tokyo, JPN
Gree is a Japanese internet media company headquartered in Tokyo. Its business is divided into games, media, advertising, and investment. The games division provides games internationally via the App Store and Google Play from the company's studios in Japan and North America. The media segment is engaged in a variety of IT businesses, including services and media. The advertising segment targets mainly the smartphone advertising market. The company has investments in Internet technology services companies in Japan, North America, and Southeast Asia.

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