Golden Insurance Brokers Co (ROCO:6028) EBIT : NT$151 Mil (TTM As of Dec. 2023)

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What is Golden Insurance Brokers Co EBIT?

Golden Insurance Brokers Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was NT$69 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was NT$151 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Golden Insurance Brokers Co's annualized ROC % for the quarter that ended in Dec. 2023 was 25.72%. Golden Insurance Brokers Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 49.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Golden Insurance Brokers Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.47%.

Golden Insurance Brokers Co EBIT Historical Data

The historical data trend for Golden Insurance Brokers 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.

Golden Insurance Brokers Co EBIT Chart

Golden Insurance Brokers Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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110.80

117.90

104.10

82.20

151.09

Golden Insurance Brokers Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial											52.49	55.97	26.23	81.62	69.47

Competitive Comparison of Golden Insurance Brokers Co's EBIT

For the Insurance Brokers subindustry, Golden Insurance Brokers 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.

Golden Insurance Brokers Co's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Golden Insurance Brokers Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Golden Insurance Brokers Co's EV-to-EBIT falls into.

Golden Insurance Brokers 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 NT$151 Mil.

Golden Insurance Brokers Co (ROCO:6028) EBIT Explanation

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

Golden Insurance Brokers 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 )
=	138.078 * ( 1 - 20.3% )	/	( (429.393	+	426.352)	/ 2 )
=	110.048166	/	427.8725
=	25.72 %

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	))
=	1001.761	-	397.675	-	( 247.347	-	max(0, 476.891	-	651.584	+	247.347	))
=	429.393

	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	))
=	1226.678	-	567.976	-	( 331.54	-	max(0, 653.238	-	885.588	+	331.54	))
=	426.352

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:

Golden Insurance Brokers 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 )
=	138.944	/	( ( (284.549 + max(-142.163, 0))	+	(276.696 + max(-166.044, 0)) )	/	2 )
=	138.944	/	( ( 284.549	+	276.696 )	/	2 )
=	138.944	/	280.6225
=	49.51 %

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)
=	(282.855	+	0	+	5.405)	-	(397.675	+	0	+	32.748)
=	-142.163

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(432.583	+	0	+	3.982)	-	(567.976	+	0	+	34.633)
=	-166.044

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:

Golden Insurance Brokers Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	151.087	/	1317.665
	=	11.47 %

Golden Insurance Brokers Co EBIT Related Terms

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Golden Insurance Brokers Co (ROCO:6028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Golden Insurance Brokers Co Ltd (ROCO:6028) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dashun 1st Road, Zuoying District, Room. 4, 4th Floor, Number 93, Kaohsiung, TWN, 813

Website

http://www.goldennet.com.tw

Golden Insurance Brokers Co Ltd is an Insurance Broker based in Taiwan. The company is involved in providing Life Insurance, Medical Insurance, Savings Insurance and Investment Insurance among others.

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