RAC Electric Vehicles (ROCO:2237) EBIT: NT$188 Mil (TTM As of Dec. 2025)

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ROCO:2237 RAC Electric Vehicles Inc ROCO:2237
54 GF Score
Price NT$32.50
GF Value NT$39.79
Valuation Modestly Undervalued
! 5 Warning Signs
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What is RAC Electric Vehicles EBIT?

RAC Electric Vehicles ROCO:2237 -1.52% 54 EBIT is NT$188 Mil as of Dec. 2025. GuruFocus rates ROCO:2237 with a GF Score™ of 54/100 and a GF Value™ of NT$39.79 (Modestly Undervalued). The stock has 5 warning signs investors should review.

RAC Electric Vehicles's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was NT$134 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$188 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. RAC Electric Vehicles's annualized ROC % for the quarter that ended in Dec. 2025 was 11.09%. RAC Electric Vehicles's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 48.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. RAC Electric Vehicles's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 3.56%.


RAC Electric Vehicles  (ROCO:2237) EBIT Explanation

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

RAC Electric Vehicles's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=271.034 * ( 1 - 0% )/( (2197.965 + 2689.802)/ 2 )
=271.034/2443.8835
=11.09 %

where

Invested Capital(Q: Jun. 2025 )
=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))
=2812.54 - 460.673 - ( 153.902 - max(0, 1373.62 - 2186.045+153.902))
=2197.965

Invested Capital(Q: Dec. 2025 )
=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))
=3562.459 - 738.103 - ( 134.554 - max(0, 2028.18 - 2897.137+134.554))
=2689.802

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

RAC Electric Vehicles's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=268.766/( ( (487.05 + max(29.842, 0)) + (464.134 + max(124.706, 0)) )/ 2 )
=268.766/( ( 516.892 + 588.84 )/ 2 )
=268.766/552.866
=48.61 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(185.889 + 374.265 + 91.586) - (460.673 + 0 + 161.225)
=29.842

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(465.654 + 533.861 + 117.247) - (738.103 + 0 + 253.953)
=124.706

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

RAC Electric Vehicles's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=188.314/5291.817
=3.56 %

* 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.


RAC Electric Vehicles EBIT Related Terms


RAC Electric Vehicles EBIT Historical Data

* Premium members only.

The historical data trend for RAC Electric Vehicles'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.

RAC Electric Vehicles EBIT Chart

RAC Electric Vehicles Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -133.84 -185.89 -141.78 -172.82 188.31

RAC Electric Vehicles Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -51.61 -189.95 17.13 53.93 134.38

ROCO:2237 vs TSLA, GM, F: EBIT Comparison

For the Auto Manufacturers subindustry, RAC Electric Vehicles'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.


RAC Electric Vehicles EV-to-EBIT vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, RAC Electric Vehicles's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where RAC Electric Vehicles's EV-to-EBIT falls into.


ROCO:2237
54GF Score
RAC Electric Vehicles Inc ROCO:2237
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RAC Electric Vehicles 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. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was NT$188 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of NT$188 Mil mean?
RAC Electric Vehicles (ROCO:2237) has a EBIT of NT$188 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on RAC Electric Vehicles.
Is RAC Electric Vehicles' EBIT too high?
RAC Electric Vehicles' current EBIT is NT$188 Mil. Overall, RAC Electric Vehicles has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does RAC Electric Vehicles' EBIT compare to TSLA and GM?
RAC Electric Vehicles' EBIT of NT$188 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Vehicles & Parts company?
A good EBIT depends on the Vehicles & Parts industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on RAC Electric Vehicles. RAC Electric Vehicles's current EBIT is NT$188 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RAC Electric Vehicles stock overvalued right now?
Based on GuruFocus' analysis, RAC Electric Vehicles (ROCO:2237) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$39.79, compared to a current price of NT$32.50 — trading 18.3% below its estimated fair value. The current EBIT is NT$188 Mil. RAC Electric Vehicles' overall GF Score™ is 54/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For RAC Electric Vehicles (ROCO:2237), the current EBIT is NT$188 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is RAC Electric Vehicles (ROCO:2237) Overvalued in 2026?

Based on GuruFocus' analysis, RAC Electric Vehicles stock appears to be undervalued. The current stock price of NT$32.50 is trading 18.3% below its estimated GF Value™ of NT$39.79. GuruFocus considers RAC Electric Vehicles to be Modestly Undervalued.

Key valuation signals for ROCO:2237:

  • EBIT: NT$188 Mil
  • GF Value™: NT$39.79 vs. price of NT$32.50 (18.3% below fair value)
  • GF Score™: 54/100 with 5 warning signs

No single metric tells the full story. See the ROCO:2237 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


RAC Electric Vehicles Business Description

Address No. 33, Lane 291, Wuqing Road, Dayuan District, Taoyuan, TWN
RAC Electric Vehicles Inc is a Taiwan-licensed car manufacturer, to develop an all-electric low-floor city bus. The comapny's main businesses include battery manufacturing, battery wholesale, manufacturing of automotive and parts, and the retail of auto and motorcycle parts and accessories.
54GF Score

Get the complete analysis for ROCO:2237

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$32.50
Price
NT$39.79
GF Value