Sports Gear Co (TPE:6768) EBIT : NT$1,244 Mil (TTM As of Mar. 2024)

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What is Sports Gear Co EBIT?

Sports Gear Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$462 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$1,244 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sports Gear Co's annualized ROC % for the quarter that ended in Mar. 2024 was 10.09%. Sports Gear Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 21.34%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sports Gear Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.66%.

Sports Gear Co EBIT Historical Data

The historical data trend for Sports Gear 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.

Sports Gear Co EBIT Chart

Sports Gear Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,591.36

696.98

943.46

2,438.51

864.35

Sports Gear Co Quarterly Data
	Dec17	Dec18	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															82.15	340.08	164.76	277.36	461.96

Competitive Comparison of Sports Gear Co's EBIT

For the Leisure subindustry, Sports Gear 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.

Sports Gear Co's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Sports Gear Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Sports Gear Co's EV-to-EBIT falls into.

Sports Gear 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$1,244 Mil.

Sports Gear Co (TPE:6768) EBIT Explanation

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

Sports Gear Co'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 )
=	1211.524 * ( 1 - 22.82% )	/	( (8804.045	+	9723.504)	/ 2 )
=	935.0542232	/	9263.7745
=	10.09 %

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	))
=	19925.671	-	2799.958	-	( 8321.668	-	max(0, 4258.759	-	13177.669	+	8321.668	))
=	8804.045

	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	))
=	21011.984	-	3243.731	-	( 8044.749	-	max(0, 5041.735	-	13988.638	+	8044.749	))
=	9723.504

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

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

Sports Gear Co'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 )
=	1847.856	/	( ( (6243.695 + max(1952.174, 0))	+	(6476.842 + max(2642.291, 0)) )	/	2 )
=	1847.856	/	( ( 8195.869	+	9119.133 )	/	2 )
=	1847.856	/	8657.501
=	21.34 %

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)
=	(2534.96	+	1537.782	+	735.518)	-	(2799.958	+	0	+	56.128)
=	1952.174

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2824.382	+	2193.085	+	873.547)	-	(3243.731	+	0	+	4.9919999999993)
=	2642.291

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:

Sports Gear Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	1244.163	/	14366.304
	=	8.66 %

Sports Gear Co EBIT Related Terms

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Sports Gear Co (TPE:6768) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sports Gear Co Ltd (TPE:6768) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

802 West Bay Road, Oleander Way,, The Grand Pavilion Commercial Centre, P.O. Box 32052, Grand Cayman, CYM, 1208

Website

http://www.sportsgear.com.tw

Sports Gear Co Ltd is engaged in the manufacturing, import, and export of shoes and other sports-related products. The company produces and sells Casual shoes, Sports Shoes and others.

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