GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Daiwa Securities Living Investment Corp (TSE:8986) » Definitions » EBIT

Daiwa Securities Living Investment (TSE:8986) EBIT : 円12,491 Mil (TTM As of Sep. 2023)


View and export this data going back to 2006. Start your Free Trial

What is Daiwa Securities Living Investment EBIT?

Daiwa Securities Living Investment's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was 円6,090 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was 円12,491 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Daiwa Securities Living Investment's annualized ROC % for the quarter that ended in Sep. 2023 was 3.37%. Daiwa Securities Living Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 3.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Daiwa Securities Living Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 2.98%.


Daiwa Securities Living Investment EBIT Historical Data

The historical data trend for Daiwa Securities Living 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.

Daiwa Securities Living Investment EBIT Chart

Daiwa Securities Living Investment Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,333.60 10,218.55 9,882.49 10,343.98 11,476.05

Daiwa Securities Living Investment Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
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 5,153.36 5,190.62 5,385.58 6,090.47 6,400.99

Competitive Comparison of Daiwa Securities Living Investment's EBIT

For the REIT - Residential subindustry, Daiwa Securities Living 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.


Daiwa Securities Living Investment's EV-to-EBIT Distribution in the REITs Industry

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

* The bar in red indicates where Daiwa Securities Living Investment's EV-to-EBIT falls into.



Daiwa Securities Living 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円12,491 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.


Daiwa Securities Living Investment  (TSE:8986) EBIT Explanation

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

Daiwa Securities Living Investment's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=12472.166 * ( 1 - 0.01% )/( (374425.564 + 366075.822)/ 2 )
=12470.9187834/370250.693
=3.37 %

where

Invested Capital(Q: Mar. 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))
=366565.114 - 551.781 - ( 10616.18 - max(0, 22860.2 - 14447.969+10616.18))
=374425.564

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))
=367532.76 - 1049.026 - ( 18701.17 - max(0, 21936.547 - 22344.459+18701.17))
=366075.822

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

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

Daiwa Securities Living Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=12180.932/( ( (350275.651 + max(1511.589, 0)) + (343383.453 + max(696.742, 0)) )/ 2 )
=12180.932/( ( 351787.24 + 344080.195 )/ 2 )
=12180.932/347933.7175
=3.50 %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(173.547 + 0 + 3658.242) - (551.781 + 0 + 1768.419)
=1511.589

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(157.946 + 0 + 3485.343) - (1049.026 + 0 + 1897.521)
=696.742

When net working capital is negative, 0 is used.

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

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

Daiwa Securities Living Investment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=12491.458/419511.701
=2.98 %

* 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.


Daiwa Securities Living Investment EBIT Related Terms

Thank you for viewing the detailed overview of Daiwa Securities Living Investment's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Daiwa Securities Living Investment (TSE:8986) Business Description

Traded in Other Exchanges
N/A
Address
6-2-1 Ginza, Chuo-ku, Tokyo, JPN, 105-0004
Daiwa Securities Living Investment Corp is an investment company operating in Japan. It invests in specified assets such as real estates that are used for residential purposes which are located across Japan.

Daiwa Securities Living Investment (TSE:8986) Headlines

No Headlines