Heiwa Real Estate Co (TSE:8803) EBIT : 円14,073 Mil (TTM As of Dec. 2023)

View and export this data going back to 1949. Start your Free Trial

What is Heiwa Real Estate Co EBIT?

Heiwa Real Estate Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was 円1,796 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was 円14,073 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Heiwa Real Estate Co's annualized ROC % for the quarter that ended in Dec. 2023 was 1.22%. Heiwa Real Estate Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Heiwa Real Estate Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.28%.

Heiwa Real Estate Co EBIT Historical Data

The historical data trend for Heiwa Real Estate Co'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.

Heiwa Real Estate Co EBIT Chart

Heiwa Real Estate Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

Get a 7-Day Free Trial

11,228.00

11,547.00

13,958.00

14,740.00

14,073.00

Heiwa Real Estate Co 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															5,306.00	7,809.00	2,769.00	1,796.00	1,699.00

Competitive Comparison of Heiwa Real Estate Co's EBIT

For the Real Estate - Diversified subindustry, Heiwa Real Estate Co'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.

Heiwa Real Estate Co's EV-to-EBIT Distribution in the Real Estate Industry

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

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

Heiwa Real Estate Co 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14,073 Mil.

Heiwa Real Estate Co (TSE:8803) EBIT Explanation

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

Heiwa Real Estate Co'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 )
=	6792 * ( 1 - 30.7% )	/	( (382149	+	388148)	/ 2 )
=	4706.856	/	385148.5
=	1.22 %

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	))
=	404700	-	5504	-	( 38561	-	max(0, 31618	-	48665	+	38561	))
=	382149

	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	))
=	400466	-	2238	-	( 28084	-	max(0, 30923	-	41003	+	28084	))
=	388148

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

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

Heiwa Real Estate Co'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 )
=	7184	/	( ( (281810 + max(467, 0))	+	(286557 + max(6557, 0)) )	/	2 )
=	7184	/	( ( 282277	+	293114 )	/	2 )
=	7184	/	287695.5
=	2.50 %

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)
=	(1985	+	6475	+	1644)	-	(5504	+	0	+	4133)
=	467

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2424	+	8460	+	2035)	-	(2238	+	0	+	4124)
=	6557

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	14073	/	329177.988
	=	4.28 %

Heiwa Real Estate Co EBIT Related Terms

Thank you for viewing the detailed overview of Heiwa Real Estate Co's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Heiwa Real Estate Co (TSE:8803) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Heiwa Real Estate Co Ltd (TSE:8803) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

HZJ:Germany

Address

1-10, Nihonbashi Kabuto-cho, Chuo-ku, Tokyo, JPN, 103-8222

Website

http://www.heiwa-net.co.jp

Heiwa Real Estate Co Ltd is primarily engaged in the leasing and development of real estate properties. The company's operates three reporting segments. The leasing business consists of ownership, leasing, management, and operation of stock exchanges, offices, commercial facilities, housing, conference venues, restaurants, and others. The real estate solutions segment consists of the development, operation and management of income property; the development and sale of houses; and the brokerage of real estate. The other businesses segment manages and renovates buildings and also operates an insurance agency and a private nursing-home business.

Heiwa Real Estate Co (TSE:8803) Headlines

No Headlines