NEC Capital Solutions (TSE:8793) EBIT : 円8,101 Mil (TTM As of Dec. 2023)

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What is NEC Capital Solutions EBIT?

NEC Capital Solutions's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円3,740 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円8,101 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NEC Capital Solutions's annualized ROC % for the quarter that ended in Dec. 2023 was 1.07%. NEC Capital Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.78%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NEC Capital Solutions's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.92%.

NEC Capital Solutions EBIT Historical Data

The historical data trend for NEC Capital Solutions'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.

NEC Capital Solutions EBIT Chart

NEC Capital Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

Get a 7-Day Free Trial

9,006.00

9,111.00

6,108.00

11,444.00

12,468.00

NEC Capital Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															3,097.00	751.00	2,647.00	963.00	3,740.00

Competitive Comparison of NEC Capital Solutions's EBIT

For the Rental & Leasing Services subindustry, NEC Capital Solutions'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.

NEC Capital Solutions's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, NEC Capital Solutions's EV-to-EBIT distribution charts can be found below:

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

NEC Capital Solutions 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円8,101 Mil.

NEC Capital Solutions (TSE:8793) EBIT Explanation

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

NEC Capital Solutions's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	14060 * ( 1 - 24.83% )	/	( (987385	+	981194)	/ 2 )
=	10568.902	/	984289.5
=	1.07 %

where

	Invested Capital		(Q: Sep. 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	))
=	1053028	-	11816	-	( 53827	-	max(0, 460733	-	871029	+	53827	))
=	987385

	Invested Capital		(Q: Dec. 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	))
=	1045926	-	16214	-	( 48518	-	max(0, 434478	-	859949	+	48518	))
=	981194

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

NEC Capital Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	14960	/	( ( (88175 + max(756000, 0))	+	(90018 + max(745302, 0)) )	/	2 )
=	14960	/	( ( 844175	+	835320 )	/	2 )
=	14960	/	839747.5
=	1.78 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(293038	+	29616	+	481476)	-	(11816	+	0	+	36314)
=	756000

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(292133	+	34440	+	470797)	-	(16214	+	0	+	35854)
=	745302

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

NEC Capital Solutions's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	8101	/	877855.708
	=	0.92 %

NEC Capital Solutions EBIT Related Terms

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NEC Capital Solutions (TSE:8793) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » NEC Capital Solutions Ltd (TSE:8793) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

29-11 Shiba 5-chome, Minato-ku, Tokyo, JPN

Website

http://www.necap.co.jp

NEC Capital Solutions Ltd is a Japan-based company engaged in the provision of financial services. It operates through four segments. The company's Leasing and installment segment are involved in the purchase and sale of processing equipment, communications equipment, office equipment, and industrial machinery. Its Finance segment consists of factoring and loans and other business. The RISA segment provides investment advice, fund business, and others. Its other business comprises of the sale of secondhand products, as well as the collection of transaction fees.

NEC Capital Solutions (TSE:8793) Headlines

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