Formosa Taffeta Co (TPE:1434) EBIT : NT$900 Mil (TTM As of Dec. 2023)

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What is Formosa Taffeta Co EBIT?

Formosa Taffeta Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was NT$-66 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was NT$900 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Formosa Taffeta Co's annualized ROC % for the quarter that ended in Dec. 2023 was 0.12%. Formosa Taffeta Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Formosa Taffeta Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1.95%.

Formosa Taffeta Co EBIT Historical Data

The historical data trend for Formosa Taffeta 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.

Formosa Taffeta Co EBIT Chart

Formosa Taffeta Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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5,380.55

2,424.26

2,541.76

3,927.91

899.84

Formosa Taffeta Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															329.55	210.98	591.64	163.09	-65.87

Competitive Comparison of Formosa Taffeta Co's EBIT

For the Textile Manufacturing subindustry, Formosa Taffeta 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.

Formosa Taffeta Co's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Formosa Taffeta 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 quarterly data reported by the company within the most recent 12 months, which was NT$900 Mil.

Formosa Taffeta Co (TPE:1434) EBIT Explanation

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

Formosa Taffeta 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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	78.968 * ( 1 - 1% )	/	( (64347.309	+	63542.419)	/ 2 )
=	78.17832	/	63944.864
=	0.12 %

where

	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	))
=	72864.997	-	2707.556	-	( 5810.132	-	max(0, 5945.939	-	17213.573	+	5810.132	))
=	64347.309

	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	))
=	71664.782	-	2655.407	-	( 5466.956	-	max(0, 5675.993	-	16479.42	+	5466.956	))
=	63542.419

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Formosa Taffeta 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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-263.46	/	( ( (12320.663 + max(7889.634, 0))	+	(12005.286 + max(7689.873, 0)) )	/	2 )
=	-263.46	/	( ( 20210.297	+	19695.159 )	/	2 )
=	-263.46	/	19952.728
=	-1.32 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2658.917	+	7702.47	+	700.973)	-	(2707.556	+	0	+	465.17)
=	7889.634

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2218.048	+	7857.822	+	637.598)	-	(2655.407	+	0	+	368.188)
=	7689.873

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	899.837	/	46202.553
	=	1.95 %

Formosa Taffeta Co EBIT Related Terms

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Formosa Taffeta Co (TPE:1434) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Formosa Taffeta Co Ltd (TPE:1434) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

317, Shuliou RD, Touliou, TWN, 640

Website

http://www.ftc.com.tw

Formosa Taffeta Co Ltd is a Taiwan-based company that is principally involved in the textile industry. The company's business segments include first business segment, which is primarily involved in production and sale of woven, dyeing & finishing products, and management of overseas subsidiaries' plants; the cord fabric segment, which primarily produces and offers tire cords; the gasoline segment, which offers gasoline and car washing, and Other segment. The first business segment and the cord fabric segment jointly contribute more than half of the company's total revenue.

Formosa Taffeta Co (TPE:1434) Headlines

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