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Hiwin Technologies (TPE:2049) EBIT : NT$2,623 Mil (TTM As of Mar. 2024)


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What is Hiwin Technologies EBIT?

Hiwin Technologies's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$525 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$2,623 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hiwin Technologies's annualized ROC % for the quarter that ended in Mar. 2024 was 3.12%. Hiwin Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hiwin Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.11%.


Hiwin Technologies EBIT Historical Data

The historical data trend for Hiwin Technologies'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.

Hiwin Technologies EBIT Chart

Hiwin Technologies 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 2,407.21 2,524.39 4,643.98 6,004.83 2,734.89

Hiwin Technologies 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 637.23 921.11 840.86 335.70 525.24

Competitive Comparison of Hiwin Technologies's EBIT

For the Tools & Accessories subindustry, Hiwin Technologies'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.


Hiwin Technologies's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hiwin Technologies's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hiwin Technologies's EV-to-EBIT falls into.



Hiwin Technologies 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$2,623 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.


Hiwin Technologies  (TPE:2049) EBIT Explanation

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

Hiwin Technologies'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 )
=1600.9 * ( 1 - 25.34% )/( (38441.148 + 38222.222)/ 2 )
=1195.23194/38331.685
=3.12 %

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))
=51436.79 - 5421.768 - ( 7573.874 - max(0, 7959.998 - 19228.208+7573.874))
=38441.148

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))
=51964.267 - 6161.634 - ( 7580.411 - max(0, 8831.449 - 19035.009+7580.411))
=38222.222

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

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

Hiwin Technologies'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 )
=2100.96/( ( (29877.674 + max(5331.214, 0)) + (30506.515 + max(4558.073, 0)) )/ 2 )
=2100.96/( ( 35208.888 + 35064.588 )/ 2 )
=2100.96/35136.738
=5.98 %

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)
=(2974.442 + 7489.605 + 611.977) - (5421.768 + 0 + 323.042)
=5331.214

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3120.858 + 7325.772 + 608.494) - (6161.634 + 0 + 335.417)
=4558.073

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:

Hiwin Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=2622.905/84463.774
=3.11 %

* 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.


Hiwin Technologies EBIT Related Terms

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Hiwin Technologies (TPE:2049) Business Description

Traded in Other Exchanges
N/A
Address
No. 7, Jingke Road, Taichung Precision Machinery Park, Taichung, TWN, 408225
Hiwin Technologies Corp manufactures linear guideways used in precision positioning, guiding, and measuring applications. Other products include ball screws for industrial machinery, which turn rotary motion into linear motion, and linear actuators utilizing a gear system to transform motor-powered rotary movement into linear movement. The end market for Hiwin is Taiwan, followed by smaller markets in Germany, Japan, and the United States. The Group's reportable segments are linear guideways, ballscrews and others. Majority of revenue is generated from Linear guideways segment.

Hiwin Technologies (TPE:2049) Headlines

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