Lead Real Estate Co (Lead Real Estate Co) EBIT : $5.4 Mil (TTM As of Dec. 2023)

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What is Lead Real Estate Co EBIT?

Lead Real Estate Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $1.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $5.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lead Real Estate Co's annualized ROC % for the quarter that ended in Dec. 2023 was -0.40%. Lead Real Estate Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Lead Real Estate Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.59%.

Lead Real Estate Co EBIT Historical Data

The historical data trend for Lead 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.

Lead Real Estate Co EBIT Chart

Lead Real Estate Co Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

EBIT

1.63

4.03

6.24

6.20

Lead Real Estate Co Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial			2.69	3.95	1.98	4.31	1.08

Competitive Comparison of Lead Real Estate Co's EBIT

For the Real Estate - Development subindustry, Lead 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.

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

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

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

Lead 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 semi-annually data reported by the company within the most recent 12 months, which was $5.4 Mil.

Lead Real Estate Co (NAS:LRE) EBIT Explanation

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

Lead 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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-0.656 * ( 1 - 35.37% )	/	( (100.403	+	112.064)	/ 2 )
=	-0.4239728	/	106.2335
=	-0.40 %

where

	Invested Capital		(Q: Jun. 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	))
=	111.881	-	5.915	-	( 5.563	-	max(0, 50.806	-	84.131	+	5.563	))
=	100.403

	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	))
=	121.472	-	5.109	-	( 4.299	-	max(0, 55.61	-	91.728	+	4.299	))
=	112.064

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

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

Lead 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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2.168	/	( ( (24.338 + max(70.122, 0))	+	(26.014 + max(80.451, 0)) )	/	2 )
=	2.168	/	( ( 94.46	+	106.465 )	/	2 )
=	2.168	/	100.4625
=	2.16 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.308	+	73.584	+	1.676)	-	(5.915	+	2.115	+	0.416)
=	70.122

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.006	+	81.499	+	3.924)	-	(5.109	+	1.5	+	0.369)
=	80.451

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	5.391	/	149.965
	=	3.59 %

Lead Real Estate Co EBIT Related Terms

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Lead Real Estate Co (Lead Real Estate Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Lead Real Estate Co Ltd (NAS:LRE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nampeidai-cho, Shibuya-ku, 6th Floor, MFPR Shibuya Nanpeidai Building 16-11, Tokyo, JPN, 150-0036

Website

https://www.lead-real.co.jp

Lead Real Estate Co Ltd operates as a developer of luxury residential properties, including single-family homes and condominiums, across Tokyo and Kanagawa prefecture. It operates hotels in Tokyo and leases apartment building units to individual customers in Japan and Dallas, Texas. It generates revenue from developing and selling single-family homes and condominiums. The company's primary and sole operating segment is real estate sales.

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