United Urban Investment (TSE:8960) EBIT : 円21,516 Mil (TTM As of May. 2023)

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What is United Urban Investment EBIT?

United Urban Investment's earnings before interest and taxes (EBIT) for the six months ended in May. 2023 was 円10,891 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2023 was 円21,516 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. United Urban Investment's annualized ROC % for the quarter that ended in May. 2023 was 3.07%. United Urban Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2023 was 3.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. United Urban Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in May. 2023 was 2.89%.

United Urban Investment EBIT Historical Data

The historical data trend for United Urban 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.

United Urban Investment EBIT Chart

United Urban Investment Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

EBIT

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25,913.79

25,001.88

21,277.42

19,046.67

21,191.98

United Urban Investment Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23
EBIT	Get a 7-Day Free Trial															10,782.65	8,264.02	10,566.70	10,625.28	10,890.66

Competitive Comparison of United Urban Investment's EBIT

For the REIT - Diversified subindustry, United Urban 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.

United Urban Investment's EV-to-EBIT Distribution in the REITs Industry

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

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

United Urban 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 May. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円21,516 Mil.

United Urban Investment (TSE:8960) EBIT Explanation

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

United Urban Investment's annualized ROC % for the quarter that ended in May. 2023 is calculated as:

	ROC % (Q: May. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Nov. 2022 )	+	Invested Capital (Q: May. 2023 ))	/ count )
=	21806.598 * ( 1 - 0.01% )	/	( (712999.464	+	708674.97)	/ 2 )
=	21804.4173402	/	710837.217
=	3.07 %

where

	Invested Capital		(Q: Nov. 2022 )
=	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	))
=	714899.488	-	3071.782	-	( 31999.503	-	max(0, 60925.672	-	59753.914	+	31999.503	))
=	712999.464

	Invested Capital		(Q: May. 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	))
=	723202.444	-	3556.967	-	( 34265.446	-	max(0, 51185.397	-	62155.904	+	34265.446	))
=	708674.97

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

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

United Urban Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: May. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Nov. 2022		Q: May. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	21781.312	/	( ( (643519.834 + max(19828.739, 0))	+	(649306.691 + max(19305.061, 0)) )	/	2 )
=	21781.312	/	( ( 663348.573	+	668611.752 )	/	2 )
=	21781.312	/	665980.1625
=	3.27 %

where Working Capital is:

	Working Capital		(Q: Nov. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(593.593	+	0	+	27160.818)	-	(3071.782	+	0	+	4853.89)
=	19828.739

	Working Capital		(Q: May. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(527.957	+	0	+	27362.501)	-	(3556.967	+	0	+	5028.43)
=	19305.061

When net working capital is negative, 0 is used.

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

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

United Urban Investment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: May. 2023 )
	=	21515.935	/	743489.586
	=	2.89 %

United Urban Investment EBIT Related Terms

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United Urban Investment (TSE:8960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » United Urban Investment Corp (TSE:8960) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-3-1 Toranomon, Minato-ku, Tokyo, JPN, 105-0001

Website

http://www.united-reit.co.jp

United Urban Investment Corp is a real estate investment trust. The company invests in real estates such as retail properties, office buildings, hotels, residential properties and others. The company's primary objective is to secure steady earnings over the medium to long term through investment in varied both in types of use and geographical location. The company invests in real estates located in the Tokyo metropolitan area and other cities in Japan including government-designated cities, and surrounding areas thereof.

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