Thai Cane Paper Public Company Limited (BKK:TCP) EBIT : ฿786 Mil (TTM As of Sep. 2013)

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What is Thai Cane Paper Public Company Limited EBIT?

Thai Cane Paper Public Company Limited's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2013 was ฿199 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2013 was ฿786 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Thai Cane Paper Public Company Limited's annualized ROC % for the quarter that ended in Sep. 2013 was 11.61%. Thai Cane Paper Public Company Limited's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2013 was 16.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Thai Cane Paper Public Company Limited's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2013 was 10.45%.

Thai Cane Paper Public Company Limited EBIT Historical Data

The historical data trend for Thai Cane Paper Public Company Limited'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.

Thai Cane Paper Public Company Limited EBIT Chart

Thai Cane Paper Public Company Limited Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

EBIT

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-68.30

259.11

360.10

332.36

649.38

Thai Cane Paper Public Company Limited Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
EBIT	Get a 7-Day Free Trial											199.27	174.13	247.09	166.51	198.65

Competitive Comparison of Thai Cane Paper Public Company Limited's EBIT

For the Paper & Paper Products subindustry, Thai Cane Paper Public Company Limited'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.

Thai Cane Paper Public Company Limited's EV-to-EBIT Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Thai Cane Paper Public Company Limited's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Thai Cane Paper Public Company Limited's EV-to-EBIT falls into.

Thai Cane Paper Public Company Limited 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 Sep. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿786 Mil.

Thai Cane Paper Public Company Limited (BKK:TCP) EBIT Explanation

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

Thai Cane Paper Public Company Limited's annualized ROC % for the quarter that ended in Sep. 2013 is calculated as:

	ROC % (Q: Sep. 2013 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2013 )	+	Invested Capital (Q: Sep. 2013 ))	/ count )
=	794.612 * ( 1 - 19.86% )	/	( (5508.206	+	5460.496)	/ 2 )
=	636.8020568	/	5484.351
=	11.61 %

where

	Invested Capital		(Q: Jun. 2013 )
=	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	))
=	6494.672	-	494.58	-	( 491.886	-	max(0, 721.135	-	2080.312	+	491.886	))
=	5508.206

	Invested Capital		(Q: Sep. 2013 )
=	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	))
=	6614	-	500.654	-	( 652.85	-	max(0, 728.438	-	2229.64	+	652.85	))
=	5460.496

Note: The Operating Income data used here is four times the quarterly (Sep. 2013) data.

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

Thai Cane Paper Public Company Limited's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2013 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2013 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2013		Q: Sep. 2013
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	794.612	/	( ( (4213.752 + max(1079.85, 0))	+	(4198.028 + max(220.93, 0)) )	/	2 )
=	794.612	/	( ( 5293.602	+	4418.958 )	/	2 )
=	794.612	/	4856.28
=	16.36 %

where Working Capital is:

	Working Capital		(Q: Jun. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(856.031	+	730.324	+	2.0709999999999)	-	(494.58	+	0	+	13.996)
=	1079.85

	Working Capital		(Q: Sep. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	732.46	+	2.2979999999998)	-	(500.654	+	0	+	13.174)
=	220.93

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2013) EBIT data.

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

Thai Cane Paper Public Company Limited's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2013 )
	=	786.38	/	7523.328
	=	10.45 %

Thai Cane Paper Public Company Limited EBIT Related Terms

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Thai Cane Paper Public Company Limited (BKK:TCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Thai Cane Paper Public Company Limited (BKK:TCP) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

Website

http://www.thaicane.com

Thai Cane Paper Public Company Limited manufactures and sells kraft paper used in the manufacture of packaging, such as corrugated box, paper cement bags, envelopes and core paper in Thailand. The Company's products are categorized into two groups i.e. kraft liner board which is used in making packaging surfaces and kraft paper which is used for making corrugated medium. The Company offers numerous grade of products to meet the diverse market demand.