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Hoshino Resorts REIT (TSE:3287) EBIT : 円4,866 Mil (TTM As of Apr. 2023)


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What is Hoshino Resorts REIT EBIT?

Hoshino Resorts REIT's earnings before interest and taxes (EBIT) for the six months ended in Apr. 2023 was 円2,629 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2023 was 円4,866 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hoshino Resorts REIT's annualized ROC % for the quarter that ended in Apr. 2023 was 2.52%. Hoshino Resorts REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2023 was 2.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hoshino Resorts REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Apr. 2023 was 2.32%.


Hoshino Resorts REIT EBIT Historical Data

The historical data trend for Hoshino Resorts REIT'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.

Hoshino Resorts REIT EBIT Chart

Hoshino Resorts REIT Annual Data
Trend Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,911.15 6,275.43 6,323.82 3,377.01 4,241.36

Hoshino Resorts REIT Semi-Annual Data
Oct13 Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,713.66 1,663.35 2,004.83 2,236.53 2,629.10

Competitive Comparison of Hoshino Resorts REIT's EBIT

For the REIT - Hotel & Motel subindustry, Hoshino Resorts REIT'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.


Hoshino Resorts REIT's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Hoshino Resorts REIT's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hoshino Resorts REIT's EV-to-EBIT falls into.



Hoshino Resorts REIT 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 Apr. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円4,866 Mil.

* 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.


Hoshino Resorts REIT  (TSE:3287) EBIT Explanation

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

Hoshino Resorts REIT's annualized ROC % for the quarter that ended in Apr. 2023 is calculated as:

ROC % (Q: Apr. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2022 ) + Invested Capital (Q: Apr. 2023 ))/ count )
=5255.492 * ( 1 - 0.08% )/( (207175.192 + 210364.218)/ 2 )
=5251.2876064/208769.705
=2.52 %

where

Invested Capital(Q: Oct. 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))
=205962.695 - 1361.15 - ( 11206.704 - max(0, 14797.839 - 12224.192+11206.704))
=207175.192

Invested Capital(Q: Apr. 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))
=208555.585 - 1481.068 - ( 11555.206 - max(0, 15559.054 - 12269.353+11555.206))
=210364.218

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

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

Hoshino Resorts REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2022  Q: Apr. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5258.2/( ( (182209.014 + max(-1313.208, 0)) + (184652.583 + max(-1724.905, 0)) )/ 2 )
=5258.2/( ( 182209.014 + 184652.583 )/ 2 )
=5258.2/183430.7985
=2.87 %

where Working Capital is:

Working Capital(Q: Oct. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(153.588 + 0 + 863.9) - (1361.15 + 0 + 969.546)
=-1313.208

Working Capital(Q: Apr. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(207.984 + 0 + 506.163) - (1481.068 + 0 + 957.984)
=-1724.905

When net working capital is negative, 0 is used.

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

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

Hoshino Resorts REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Apr. 2023 )
=4865.631/209729.181
=2.32 %

* 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.


Hoshino Resorts REIT EBIT Related Terms

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Hoshino Resorts REIT (TSE:3287) Business Description

Traded in Other Exchanges
N/A
Address
2-14-4 Hattsuchoubori, Chuo-Ku, Tokyo, JPN, 104-0032
Hoshino Resorts REIT Inc is a closed-end real estate investment trust company. It aims to achieve stable earnings and sustainable growth of its investment assets, by investing in hotels, Japanese-Style Inns, and related facilities.

Hoshino Resorts REIT (TSE:3287) Headlines

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