ESCON Japan REIT Investment (TSE:2971) Operating Income : 円2,530 Mil (TTM As of Jul. 2023)

View and export this data going back to 2019. Start your Free Trial

What is ESCON Japan REIT Investment Operating Income?

ESCON Japan REIT Investment's Operating Income for the six months ended in Jul. 2023 was 円1,256 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jul. 2023 was 円2,530 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. ESCON Japan REIT Investment's Operating Income for the six months ended in Jul. 2023 was 円1,256 Mil. ESCON Japan REIT Investment's Revenue for the six months ended in Jul. 2023 was 円2,498 Mil. Therefore, ESCON Japan REIT Investment's Operating Margin % for the quarter that ended in Jul. 2023 was 50.27%.

ESCON Japan REIT Investment's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ESCON Japan REIT Investment's annualized ROC % for the quarter that ended in Jul. 2023 was 3.35%. ESCON Japan REIT Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2023 was 3.37%.

ESCON Japan REIT Investment Operating Income Historical Data

The historical data trend for ESCON Japan REIT Investment's Operating Income 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.

ESCON Japan REIT Investment Operating Income Chart

ESCON Japan REIT Investment Annual Data

Trend

Jul19

Jul20

Jul21

Jul22

Operating Income

1,297.06

2,074.26

2,206.11

2,888.81

ESCON Japan REIT Investment Semi-Annual Data
	Oct17	Apr18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Operating Income	Get a 7-Day Free Trial								1,506.57	1,382.24	1,362.27	1,255.50	1,274.91

ESCON Japan REIT Investment Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jul. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円2,530 Mil.

ESCON Japan REIT Investment (TSE:2971) Operating Income Explanation

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

ESCON Japan REIT Investment's annualized ROC % for the quarter that ended in Jul. 2023 is calculated as:

	ROC % (Q: Jul. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jan. 2023 )	+	Invested Capital (Q: Jul. 2023 ))	/ count )
=	2511.006 * ( 1 - 0.06% )	/	( (74929.608	+	74849.599)	/ 2 )
=	2509.4993964	/	74889.6035
=	3.35 %

where

	Invested Capital		(Q: Jan. 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	))
=	76300.452	-	233.8	-	( 2852.651	-	max(0, 5342.357	-	6479.401	+	2852.651	))
=	74929.608

	Invested Capital		(Q: Jul. 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	))
=	75595.352	-	247.113	-	( 2318.451	-	max(0, 5356.882	-	5855.522	+	2318.451	))
=	74849.599

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

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

ESCON Japan REIT Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jul. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jan. 2023		Q: Jul. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2442.378	/	( ( (69667.355 + max(2894.393, 0))	+	(69585.282 + max(2790.189, 0)) )	/	2 )
=	2442.378	/	( ( 72561.748	+	72375.471 )	/	2 )
=	2442.378	/	72468.6095
=	3.37 %

where Working Capital is:

	Working Capital		(Q: Jan. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(55.606	+	0	+	3571.144)	-	(233.8	+	0	+	498.557)
=	2894.393

	Working Capital		(Q: Jul. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(100.249	+	0	+	3436.822)	-	(247.113	+	0	+	499.769)
=	2790.189

When net working capital is negative, 0 is used.

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

3. Operating Income is also linked to Operating Margin %:

ESCON Japan REIT Investment's Operating Margin % for the quarter that ended in Jul. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Jul. 2023 )	/	Revenue (Q: Jul. 2023 )
	=	1255.503	/	2497.731
	=	50.27 %

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

ESCON Japan REIT Investment Operating Income Related Terms

Thank you for viewing the detailed overview of ESCON Japan REIT Investment's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

ESCON Japan REIT Investment (TSE:2971) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » ESCON Japan REIT Investment Corp (TSE:2971) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

Try Edge Ochanomizu Building, 12th Floor, 4-2-5 kandasurugadai, Chiyoda-ku, Tokyo, JPN, 101-0062

Website

https://www.esconam.jp

ESCON Japan REIT Investment Corp is a Japanese real estate investment trust which invests in commercial properties. Its main investment is leasehold land properties known as "sokochi," with stable, high-quality commercial facilities occupying the site.

ESCON Japan REIT Investment (TSE:2971) Headlines

No Headlines