Chernan Metal Industrial (ROCO:3631) EBIT : NT$-30.66 Mil (TTM As of Mar. 2024)

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What is Chernan Metal Industrial EBIT?

Chernan Metal Industrial's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$3.35 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-30.66 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chernan Metal Industrial's annualized ROC % for the quarter that ended in Mar. 2024 was -3.83%. Chernan Metal Industrial's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.78%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Chernan Metal Industrial's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.86%.

Chernan Metal Industrial EBIT Historical Data

The historical data trend for Chernan Metal Industrial'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.

Chernan Metal Industrial EBIT Chart

Chernan Metal Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-15.43

-4.42

-9.17

-33.33

-45.00

Chernan Metal Industrial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															-10.99	-7.29	-3.04	-23.67	3.35

Competitive Comparison of Chernan Metal Industrial's EBIT

For the Metal Fabrication subindustry, Chernan Metal Industrial'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.

Chernan Metal Industrial's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chernan Metal Industrial's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Chernan Metal Industrial's EV-to-EBIT falls into.

Chernan Metal Industrial 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-30.66 Mil.

Chernan Metal Industrial (ROCO:3631) EBIT Explanation

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

Chernan Metal Industrial's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-69.252 * ( 1 - -20.32% )	/	( (2212.032	+	2144.113)	/ 2 )
=	-83.3240064	/	2178.0725
=	-3.83 %

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	))
=	2849.03	-	36.638	-	( 714.174	-	max(0, 448.442	-	1048.802	+	714.174	))
=	2212.032

	Invested Capital		(Q: Mar. 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	))
=	2902.831	-	34.951	-	( 723.767	-	max(0, 272.075	-	1083.517	+	723.767	))
=	2144.113

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Chernan Metal Industrial's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	13.38	/	( ( (1403.077 + max(285.475, 0))	+	(1415.781 + max(314.403, 0)) )	/	2 )
=	13.38	/	( ( 1688.552	+	1730.184 )	/	2 )
=	13.38	/	1709.368
=	0.78 %

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)
=	(9.998	+	243.881	+	74.51)	-	(36.638	+	0	+	6.276)
=	285.475

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.486	+	251.952	+	97.743)	-	(34.951	+	0	+	4.827)
=	314.403

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Chernan Metal Industrial's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-30.66	/	3581.257
	=	-0.86 %

Chernan Metal Industrial EBIT Related Terms

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Chernan Metal Industrial (ROCO:3631) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chernan Metal Industrial Corp (ROCO:3631) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 161, Sec. 1, Wanshou Road, 18th Floor-1, Guishan Township, Taoyuan, TWN

Website

http://www.chernan.com

Chernan Metal Industrial Corp manufactures and sells tin and soldering products. The Group's reportable segments are divided into two parts, the domestic segment, and the overseas segment. The domestic business mainly manufactures and sells soldering products and trades semiconductor products. The overseas business mainly manufactures and sells soldered products.

Chernan Metal Industrial (ROCO:3631) Headlines

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