Ta Chan Securities Co (ROCO:6020) EBIT: NT$139.1 Mil (TTM As of Dec. 2025)


ROCO:6020 Ta Chan Securities Co Ltd ROCO:6020
60 GF Score
Price NT$22.85
GF Value NT$17.47
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Ta Chan Securities Co EBIT?

Ta Chan Securities Co ROCO:6020 60 EBIT is NT$139.1 Mil as of Dec. 2025. GuruFocus rates ROCO:6020 with a GF Score™ of 60/100 and a GF Value™ of NT$17.47 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Ta Chan Securities Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$31.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$139.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ta Chan Securities Co's annualized ROC % for the quarter that ended in Dec. 2025 was 3.10%. Ta Chan Securities Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 64.63%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ta Chan Securities Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.90%.


Ta Chan Securities Co  (ROCO:6020) EBIT Explanation

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

Ta Chan Securities Co's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=181.112 * ( 1 - 26.1% )/( (4398.373 + 4243.675)/ 2 )
=133.841768/4321.024
=3.10 %

where

Invested Capital(Q: Sep. 2025 )
=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))
=8187.529 - 399.322 - ( 5106.444 - max(0, 3017.318 - 6407.152+5106.444))
=4398.373

Invested Capital(Q: Dec. 2025 )
=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))
=8289.57 - 637.974 - ( 5400.739 - max(0, 3390.537 - 6798.458+5400.739))
=4243.675

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

Ta Chan Securities Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=126.54/( ( (195.28 + max(-14.525, 0)) + (196.292 + max(-275.929, 0)) )/ 2 )
=126.54/( ( 195.28 + 196.292 )/ 2 )
=126.54/195.786
=64.63 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(412.118 + 0 + 223.356) - (399.322 + 0 + 250.677)
=-14.525

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(387.797 + 0 + 196.497) - (637.974 + 0 + 222.249)
=-275.929

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=139.058/2836.658
=4.90 %

* 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.


Ta Chan Securities Co EBIT Related Terms


Ta Chan Securities Co EBIT Historical Data

* Premium members only.

The historical data trend for Ta Chan 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.

Ta Chan Securities Co EBIT Chart

Ta Chan Securities Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 961.54 -249.01 367.18 230.57 139.06

Ta Chan Securities Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 -22.62 -33.32 28.69 112.05 31.64

ROCO:6020 vs MS, GS, SCHW: EBIT Comparison

For the Capital Markets subindustry, Ta Chan 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.


Ta Chan Securities Co EV-to-EBIT vs Capital Markets Industry

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

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


ROCO:6020
60GF Score
Ta Chan Securities Co Ltd ROCO:6020
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Ta Chan 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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$139.1 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of NT$139.1 Mil mean?
Ta Chan Securities Co (ROCO:6020) has a EBIT of NT$139.1 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ta Chan Securities Co.
Is Ta Chan Securities Co's EBIT too high?
Ta Chan Securities Co's current EBIT is NT$139.1 Mil. Overall, Ta Chan Securities Co has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ta Chan Securities Co's EBIT compare to MS and GS?
Ta Chan Securities Co's EBIT of NT$139.1 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Capital Markets company?
A good EBIT depends on the Capital Markets industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ta Chan Securities Co. Ta Chan Securities Co's current EBIT is NT$139.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ta Chan Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Ta Chan Securities Co (ROCO:6020) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$17.47, compared to a current price of NT$22.85 — trading 30.8% above its estimated fair value. The current EBIT is NT$139.1 Mil. Ta Chan Securities Co's overall GF Score™ is 60/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Ta Chan Securities Co (ROCO:6020), the current EBIT is NT$139.1 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ta Chan Securities Co (ROCO:6020) Overvalued in 2026?

Based on GuruFocus' analysis, Ta Chan Securities Co stock appears to be overvalued. The current stock price of NT$22.85 is trading 30.8% above its estimated GF Value™ of NT$17.47. GuruFocus considers Ta Chan Securities Co to be Modestly Overvalued.

Key valuation signals for ROCO:6020:

  • EBIT: NT$139.1 Mil
  • GF Value™: NT$17.47 vs. price of NT$22.85 (30.8% above fair value)
  • GF Score™: 60/100 with 6 warning signs

No single metric tells the full story. See the ROCO:6020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ta Chan Securities Co Business Description

Address No. 17, Section 1, Chengde Road, Datong District, 17th Floor, Taipei, TWN, 10351
Ta Chan Securities Co Ltd is a securities service provider institution. The company is engaged in brokerage, trade, and underwriting of securities, futures, and margin trading. It is also involved in the securities lending business. Its segments include Brokerage Department, Investment Banking Department, Proprietary Trading Department, and Other Departments. It generates the majority of its revenue from the Proprietary Trading business.
60GF Score

Get the complete analysis for ROCO:6020

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$22.85
Price
NT$17.47
GF Value