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Shinkong Synthetic Fiber (TPE:1409) EBIT : NT$3,757 Mil (TTM As of Mar. 2024)


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What is Shinkong Synthetic Fiber EBIT?

Shinkong Synthetic Fiber's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$1,182 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$3,757 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shinkong Synthetic Fiber's annualized ROC % for the quarter that ended in Mar. 2024 was 1.55%. Shinkong Synthetic Fiber's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 18.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shinkong Synthetic Fiber's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.48%.


Shinkong Synthetic Fiber EBIT Historical Data

The historical data trend for Shinkong Synthetic Fiber'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.

Shinkong Synthetic Fiber EBIT Chart

Shinkong Synthetic Fiber Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,884.75 3,081.63 6,540.40 5,726.36 3,233.05

Shinkong Synthetic Fiber Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 658.51 954.01 1,021.08 599.45 1,182.19

Competitive Comparison of Shinkong Synthetic Fiber's EBIT

For the Textile Manufacturing subindustry, Shinkong Synthetic Fiber'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.


Shinkong Synthetic Fiber's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shinkong Synthetic Fiber's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shinkong Synthetic Fiber's EV-to-EBIT falls into.



Shinkong Synthetic Fiber 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$3,757 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.


Shinkong Synthetic Fiber  (TPE:1409) EBIT Explanation

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

Shinkong Synthetic Fiber's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=3738.12 * ( 1 - 24.45% )/( (180732.746 + 184792.225)/ 2 )
=2824.14966/182762.4855
=1.55 %

where

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))
=195043.528 - 11802.41 - ( 21337.022 - max(0, 123432.958 - 125941.33+21337.022))
=180732.746

Invested Capital(Q: Mar. 2024 )
=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))
=204140.019 - 15449.352 - ( 26116.099 - max(0, 132246.229 - 136144.671+26116.099))
=184792.225

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Shinkong Synthetic Fiber's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4728.772/( ( (25829.16 + max(-59431.545, 0)) + (25796.829 + max(-62025.043, 0)) )/ 2 )
=4728.772/( ( 25829.16 + 25796.829 )/ 2 )
=4728.772/25812.9945
=18.32 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(16914.458 + 6034.038 + 9539.993) - (11802.41 + 0 + 80117.624)
=-59431.545

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19536.845 + 5990.29 + 10691.979) - (15449.352 + 0 + 82794.805)
=-62025.043

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Shinkong Synthetic Fiber's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=3756.728/58015.991
=6.48 %

* 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.


Shinkong Synthetic Fiber EBIT Related Terms

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Shinkong Synthetic Fiber (TPE:1409) Business Description

Traded in Other Exchanges
N/A
Address
No. 136, Ren Ai Road, Section 3, Lotus Building, 5th Floor, Da An District, Taipei, TWN, 10657
Shinkong Synthetic Fiber Corp is a Taiwan-based company that is principally engaged in the production and distribution of chemical fiber products and plastic products. The company's chemical fiber products include polyester staple fibers, polyester filaments, industrial yarn, draw textured yarn, and others. The plastic products consist of polyester resin, bottle grade resin, PET bottle preforms, PET bottles, Engineering polymers, and PE sheets. The company generates the majority of its total revenue from chemical fiber products and plastic products. The company mainly conducts operations in Asia and Europe and generates the majority of its total revenue from the Asia market.

Shinkong Synthetic Fiber (TPE:1409) Headlines

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