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Shining Victory Motor Electronic Co (ROCO:2248) EBIT : NT$174 Mil (TTM As of Dec. 2023)


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What is Shining Victory Motor Electronic Co EBIT?

Shining Victory Motor Electronic Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was NT$136 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was NT$174 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shining Victory Motor Electronic Co's annualized ROC % for the quarter that ended in Dec. 2023 was 15.00%. Shining Victory Motor Electronic Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 42.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shining Victory Motor Electronic Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.74%.


Shining Victory Motor Electronic Co EBIT Historical Data

The historical data trend for Shining Victory Motor Electronic 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.

Shining Victory Motor Electronic Co EBIT Chart

Shining Victory Motor Electronic Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 28.68 0.69 107.16 127.33 173.50

Shining Victory Motor Electronic Co Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 61.26 41.78 85.55 37.56 135.94

Competitive Comparison of Shining Victory Motor Electronic Co's EBIT

For the Auto Parts subindustry, Shining Victory Motor Electronic 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.


Shining Victory Motor Electronic Co's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shining Victory Motor Electronic Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shining Victory Motor Electronic Co's EV-to-EBIT falls into.



Shining Victory Motor Electronic 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 semi-annually data reported by the company within the most recent 12 months, which was NT$174 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.


Shining Victory Motor Electronic Co  (ROCO:2248) EBIT Explanation

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

Shining Victory Motor Electronic 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: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=229.014 * ( 1 - 22.53% )/( (1129.173 + 1235.939)/ 2 )
=177.4171458/1182.556
=15.00 %

where

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))
=1918.243 - 585.816 - ( 203.254 - max(0, 1037.741 - 1443.632+203.254))
=1129.173

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))
=2164.728 - 731.711 - ( 197.078 - max(0, 1161.638 - 1689.109+197.078))
=1235.939

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

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

Shining Victory Motor Electronic 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: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=271.884/( ( (245.46 + max(355.808, 0)) + (228.47 + max(435.449, 0)) )/ 2 )
=271.884/( ( 601.268 + 663.919 )/ 2 )
=271.884/632.5935
=42.98 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(481.689 + 394.053 + 75.295) - (585.816 + 0 + 9.413)
=355.808

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(833.341 + 298.098 + 49.469) - (731.711 + 0 + 13.748)
=435.449

When net working capital is negative, 0 is used.

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

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

Shining Victory Motor Electronic Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=173.503/1985.084
=8.74 %

* 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.


Shining Victory Motor Electronic Co EBIT Related Terms

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Shining Victory Motor Electronic Co (ROCO:2248) Business Description

Traded in Other Exchanges
N/A
Address
No.1199, Xinxing 2nd Road, Economic Development Zone, Zhejiang Province, Pinghu, CHN
Shining Victory Motor Electron is a Chinese holding company that operates in the auto industry. The company through its holding is engaged in manufacturing auto parts, photoelectric products, and car decoration products. Its products offerings include Interior Ambient Lamp Series, LED Photoelectric Series, Interior/ exterior Decoration, and Refitted vehicle series all used in auto industry.

Shining Victory Motor Electronic Co (ROCO:2248) Headlines

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