Daily Polymer Co (ROCO:4716) EBIT : NT$29.1 Mil (TTM As of Mar. 2024)

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What is Daily Polymer Co EBIT?

Daily Polymer Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$46.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$29.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Daily Polymer Co's annualized ROC % for the quarter that ended in Mar. 2024 was -3.35%. Daily Polymer Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 23.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Daily Polymer Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.01%.

Daily Polymer Co EBIT Historical Data

The historical data trend for Daily Polymer 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.

Daily Polymer Co EBIT Chart

Daily Polymer Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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38.45

27.53

262.30

-1.22

-16.57

Daily Polymer Co 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															0.64	-8.97	-7.49	-0.74	46.27

Competitive Comparison of Daily Polymer Co's EBIT

For the Specialty Chemicals subindustry, Daily Polymer 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.

Daily Polymer Co's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Daily Polymer Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Daily Polymer Co's EV-to-EBIT falls into.

Daily Polymer 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$29.1 Mil.

Daily Polymer Co (ROCO:4716) EBIT Explanation

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

Daily Polymer Co'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 )
=	-40.516 * ( 1 - 10.48% )	/	( (1071.366	+	1091.121)	/ 2 )
=	-36.2699232	/	1081.2435
=	-3.35 %

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	))
=	1772.981	-	114.203	-	( 757.001	-	max(0, 562.609	-	1150.021	+	757.001	))
=	1071.366

	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	))
=	1855.281	-	123.713	-	( 805.282	-	max(0, 606.768	-	1247.215	+	805.282	))
=	1091.121

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

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

Daily Polymer Co'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 )
=	185.064	/	( ( (527.366 + max(253.937, 0))	+	(517.694 + max(298.023, 0)) )	/	2 )
=	185.064	/	( ( 781.303	+	815.717 )	/	2 )
=	185.064	/	798.51
=	23.18 %

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)
=	(147.762	+	105.975	+	115.908)	-	(114.203	+	0	+	1.505)
=	253.937

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(142.739	+	112.435	+	168.126)	-	(123.713	+	0	+	1.5640000000001)
=	298.023

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:

Daily Polymer Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	29.063	/	1446.074
	=	2.01 %

Daily Polymer Co EBIT Related Terms

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Daily Polymer Co (ROCO:4716) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Daily Polymer Co Ltd (ROCO:4716) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 18, Yongong 2nd Road, Yong'An District, Kaohsiung, TWN, 828

Website

https://www.daily-polymer.com

Daily Polymer Co Ltd is engaged in the manufacturing, processing, and trading of synthetic resin products and electronic chemical materials in Taiwan. The company has two reportable segment such as Synthetic Resins Segment, New Materials Segment. The company generates majority of its revenue from Synthetic Resins Segment. Its main products include alkyd resin, polyacrylate resin, unsaturated polyester resin and star products - liquid crystal materials and alignment films for TFT and STN LCD.

Daily Polymer Co (ROCO:4716) Headlines

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