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Taiwan Special Chemicals (ROCO:4772) EBIT : NT$139.2 Mil (TTM As of Dec. 2023)


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What is Taiwan Special Chemicals EBIT?

Taiwan Special Chemicals's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was NT$106.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was NT$139.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Taiwan Special Chemicals's annualized ROC % for the quarter that ended in Dec. 2023 was 15.31%. Taiwan Special Chemicals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Taiwan Special Chemicals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.58%.


Taiwan Special Chemicals EBIT Historical Data

The historical data trend for Taiwan Special Chemicals'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.

Taiwan Special Chemicals EBIT Chart

Taiwan Special Chemicals Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-133.53 -86.35 196.79 187.60 139.20

Taiwan Special Chemicals Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EBIT Get a 7-Day Free Trial 73.48 125.03 62.57 32.65 106.56

Competitive Comparison of Taiwan Special Chemicals's EBIT

For the Specialty Chemicals subindustry, Taiwan Special Chemicals'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.


Taiwan Special Chemicals's EV-to-EBIT Distribution in the Chemicals Industry

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

* The bar in red indicates where Taiwan Special Chemicals's EV-to-EBIT falls into.



Taiwan Special Chemicals 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$139.2 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.


Taiwan Special Chemicals  (ROCO:4772) EBIT Explanation

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

Taiwan Special Chemicals'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 )
=213.374 * ( 1 - -15.44% )/( (1570.575 + 1647.293)/ 2 )
=246.3189456/1608.934
=15.31 %

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))
=1800.315 - 142.13 - ( 87.61 - max(0, 166.544 - 378.468+87.61))
=1570.575

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))
=1840.345 - 38.282 - ( 154.77 - max(0, 83.567 - 420.992+154.77))
=1647.293

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:

Taiwan Special Chemicals'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 )
=213.112/( ( (1388.171 + max(124.08, 0)) + (1377.051 + max(182.514, 0)) )/ 2 )
=213.112/( ( 1512.251 + 1559.565 )/ 2 )
=213.112/1535.908
=13.88 %

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)
=(93.829 + 194.145 + 2.65) - (142.13 + 0 + 24.414)
=124.08

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(120.612 + 138.682 + 6.787) - (38.282 + 0 + 45.285)
=182.514

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:

Taiwan Special Chemicals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=139.203/24007.757
=0.58 %

* 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.


Taiwan Special Chemicals EBIT Related Terms

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Taiwan Special Chemicals (ROCO:4772) Business Description

Traded in Other Exchanges
N/A
Address
No.1, Zhangbin West 3rd Road, Changhua County, Xianxi Township, TWN, 507
Taiwan Special Chemicals Corp is a developer and manufacturer of semiconductor special gas and semiconductor chemical materials.

Taiwan Special Chemicals (ROCO:4772) Headlines

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