Tanachira Retail PCL (BKK:TAN) EBIT : ฿258 Mil (TTM As of Jun. 2023)

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What is Tanachira Retail PCL EBIT?

Tanachira Retail PCL's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was ฿118 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was ฿258 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tanachira Retail PCL's annualized ROC % for the quarter that ended in Jun. 2023 was 8.60%. Tanachira Retail PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 32.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tanachira Retail PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 5.05%.

Tanachira Retail PCL EBIT Historical Data

The historical data trend for Tanachira Retail PCL'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.

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Tanachira Retail PCL EBIT Chart

Tanachira Retail PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

74.11

3.90

203.52

257.65

Tanachira Retail PCL Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial			-	71.78	131.74	117.52	140.13

Competitive Comparison of Tanachira Retail PCL's EBIT

For the Luxury Goods subindustry, Tanachira Retail PCL'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.

Tanachira Retail PCL's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tanachira Retail PCL's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tanachira Retail PCL's EV-to-EBIT falls into.

Tanachira Retail PCL 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ฿258 Mil.

Tanachira Retail PCL (BKK:TAN) EBIT Explanation

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

Tanachira Retail PCL's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	233.5 * ( 1 - 21.67% )	/	( (2015.451	+	2240.1)	/ 2 )
=	182.90055	/	2127.7755
=	8.60 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	1866.036	-	228.492	-	( 42.925	-	max(0, 984.553	-	606.646	+	42.925	))
=	2015.451

	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	))
=	1923.8	-	162.22	-	( 36.86	-	max(0, 1082.91	-	604.39	+	36.86	))
=	2240.1

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Tanachira Retail PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	235.04	/	( ( (359.379 + max(321.209, 0))	+	(365.66 + max(384.93, 0)) )	/	2 )
=	235.04	/	( ( 680.588	+	750.59 )	/	2 )
=	235.04	/	715.589
=	32.85 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(79.759	+	455.565	+	28.324)	-	(228.492	+	0	+	13.947)
=	321.209

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(58.22	+	473.49	+	35.82)	-	(162.22	+	0	+	20.38)
=	384.93

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

Tanachira Retail PCL's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	257.649	/	5100.844
	=	5.05 %

Tanachira Retail PCL EBIT Related Terms

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Tanachira Retail PCL (BKK:TAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tanachira Retail Corp PCL (BKK:TAN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

999/9 Rama 1 Road, Room OFMH 2807 & 2812, 28th floor, The Offices at Central World, Patumwan, Bangkok, THA, 10330

Website

https://www.tanachira.co.th

Tanachira Retail Corp PCL is a Thailand based retailer importing lifestyle and fashion products. It is principally engaged in the distribution of diamond jewelry, gemstone jewelry and gems and also provides other products and services through its different brands. Based on its products and services the company has the following reportable segments, The jewelry segment, Leather goods, bags, shoes, clothes, furniture and home decorations. Import, export and distribution of clothing, bags and miscellaneous goods, and the incense segment which includes distribution and export of incense, skin care products and provision of spa services. The substantial portion of company's overall revenue is generated from its jewelry segment.