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Concord Securities Co (ROCO:6016) EBIT : NT$1,287 Mil (TTM As of Sep. 2024)


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What is Concord Securities Co EBIT?

Concord Securities Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was NT$78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was NT$1,287 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Concord Securities Co's annualized ROC % for the quarter that ended in Sep. 2024 was -25.96%. Concord Securities Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 28.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Concord Securities Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 17.29%.


Concord Securities Co EBIT Historical Data

The historical data trend for Concord Securities 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.

Concord Securities Co EBIT Chart

Concord Securities Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 368.47 1,193.91 1,630.08 133.40 1,280.81

Concord Securities Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 67.58 74.93 704.15 430.29 78.00

Competitive Comparison of Concord Securities Co's EBIT

For the Capital Markets subindustry, Concord Securities 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.


Concord Securities Co's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Concord Securities Co's EV-to-EBIT distribution charts can be found below:

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



Concord Securities 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$1,287 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.


Concord Securities Co  (ROCO:6016) EBIT Explanation

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

Concord Securities Co's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=1447.964 * ( 1 - 704.79% )/( (33517.501 + 33937.588)/ 2 )
=-8757.1414756/33727.5445
=-25.96 %

where

Invested Capital(Q: Jun. 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))
=47817.237 - 9776.547 - ( 15271.344 - max(0, 36918.757 - 41441.946+15271.344))
=33517.501

Invested Capital(Q: Sep. 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))
=46906.58 - 8994.283 - ( 14073.031 - max(0, 36145.849 - 40120.558+14073.031))
=33937.588

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

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

Concord Securities Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=312.016/( ( (1123.349 + max(-5953.363, 0)) + (1089.435 + max(-4815.131, 0)) )/ 2 )
=312.016/( ( 1123.349 + 1089.435 )/ 2 )
=312.016/1106.392
=28.20 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9265.595 + 0 + 9094.44) - (9776.547 + 0 + 14536.851)
=-5953.363

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8009.344 + 0 + 10347.889) - (8994.283 + 0 + 14178.081)
=-4815.131

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=1287.37/7444.695
=17.29 %

* 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.


Concord Securities Co EBIT Related Terms

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Concord Securities Co Business Description

Traded in Other Exchanges
N/A
Address
Keelung Road, B1, B2, No. 176, Section 1, Taipei, TWN
Concord Securities Co Ltd is a Taiwan-based company that engages in transactions such as securities proprietary and brokerage; underwriting; financing customers' acquisition and short-sales; providing agency services for share affairs; assisting in futures trading; and other business as approved by relevant authorities. It has optimized its products, services, and efficiency, and also in brokerage, self-operation, underwriting, and bond, new financial products, stock agency, futures, investment consulting, insurance agency, wealth management, and other businesses have developed in a balanced manner.

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