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Chen Nan Iron Wire Co (ROCO:2071) EBIT : NT$170 Mil (TTM As of Jun. 2024)


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What is Chen Nan Iron Wire Co EBIT?

Chen Nan Iron Wire Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was NT$95 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was NT$170 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chen Nan Iron Wire Co's annualized ROC % for the quarter that ended in Jun. 2024 was 5.61%. Chen Nan Iron Wire Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 9.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Chen Nan Iron Wire Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 7.26%.


Chen Nan Iron Wire Co EBIT Historical Data

The historical data trend for Chen Nan Iron Wire 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.

Chen Nan Iron Wire Co EBIT Chart

Chen Nan Iron Wire Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 30.01 -24.25 187.45 408.18 200.03

Chen Nan Iron Wire Co Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 187.71 220.48 125.34 74.69 95.02

Competitive Comparison of Chen Nan Iron Wire Co's EBIT

For the Tools & Accessories subindustry, Chen Nan Iron Wire 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.


Chen Nan Iron Wire Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chen Nan Iron Wire Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Chen Nan Iron Wire Co's EV-to-EBIT falls into.


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Chen Nan Iron Wire 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was NT$170 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.


Chen Nan Iron Wire Co  (ROCO:2071) EBIT Explanation

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

Chen Nan Iron Wire Co's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=149.01 * ( 1 - 19.63% )/( (2139.559 + 2127.524)/ 2 )
=119.759337/2133.5415
=5.61 %

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))
=2556.577 - 230.841 - ( 186.177 - max(0, 575.839 - 902.765+186.177))
=2139.559

Invested Capital(Q: Jun. 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))
=2570.238 - 245.906 - ( 196.808 - max(0, 643.075 - 947.287+196.808))
=2127.524

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Chen Nan Iron Wire Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=190.034/( ( (1546.288 + max(455.756, 0)) + (1518.173 + max(473.054, 0)) )/ 2 )
=190.034/( ( 2002.044 + 1991.227 )/ 2 )
=190.034/1996.6355
=9.52 %

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)
=(240.341 + 455.276 + 7.842) - (230.841 + 0 + 16.862)
=455.756

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(260.399 + 465.167 + 8.279) - (245.906 + 0 + 14.885)
=473.054

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

Chen Nan Iron Wire Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=169.708/2339.168
=7.26 %

* 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.


Chen Nan Iron Wire Co EBIT Related Terms

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Chen Nan Iron Wire Co Business Description

Traded in Other Exchanges
N/A
Address
No.202, Lane 275, Shun-an Road, Luzhu District, Kaohsiung, TWN, 82150
Chen Nan Iron Wire Co Ltd is a Taiwan-based company engaged in providing products such as Self Drilling Screws, Roofing Screws, Chipboard Screws, Carbon Steel Wire, Alloy Wire, Bolts, and Nuts among others.

Chen Nan Iron Wire Co Headlines

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