Good Finance Securities Co (ROCO:6021) EBIT: NT$1,385 Mil (TTM As of Dec. 2025)

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ROCO:6021 Good Finance Securities Co Ltd ROCO:6021
64 GF Score
Price NT$37.95
GF Value NT$24.56
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Good Finance Securities Co EBIT?

Good Finance Securities Co ROCO:6021 -1.68% 64 EBIT is NT$1,385 Mil as of Dec. 2025. GuruFocus rates ROCO:6021 with a GF Score™ of 64/100 and a GF Value™ of NT$24.56 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Good Finance Securities Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$482 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$1,385 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Good Finance Securities Co's annualized ROC % for the quarter that ended in Dec. 2025 was 1.93%. Good Finance Securities Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 75.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Good Finance Securities Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 19.03%.


Good Finance Securities Co  (ROCO:6021) EBIT Explanation

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

Good Finance 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 )
=356.936 * ( 1 - 2.37% )/( (17707.284 + 18405.283)/ 2 )
=348.4766168/18056.2835
=1.93 %

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))
=30790.71 - 4104.387 - ( 18402.936 - max(0, 18447.546 - 27426.585+18402.936))
=17707.284

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))
=32571.559 - 4650.465 - ( 19065.042 - max(0, 19782.259 - 29298.07+19065.042))
=18405.283

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

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

Good Finance 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 )
=1929.1/( ( (2549.432 + max(-1661.974, 0)) + (2544.256 + max(-1853.625, 0)) )/ 2 )
=1929.1/( ( 2549.432 + 2544.256 )/ 2 )
=1929.1/2546.844
=75.74 %

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)
=(3517.505 + 0 + 2173.198) - (4104.387 + 0 + 3248.29)
=-1661.974

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4047.711 + 0 + 2251.072) - (4650.465 + 0 + 3501.943)
=-1853.625

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=1384.885/7277.719
=19.03 %

* 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.


Good Finance Securities Co EBIT Related Terms


Good Finance Securities Co EBIT Historical Data

* Premium members only.

The historical data trend for Good Finance 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.

Good Finance Securities Co EBIT Chart

Good Finance 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 378.96 57.79 144.57 607.35 1,384.89

Good Finance 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 151.68 -333.39 232.40 1,003.60 482.28

ROCO:6021 vs MS, GS, SCHW: EBIT Comparison

For the Capital Markets subindustry, Good Finance 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.


Good Finance Securities Co EV-to-EBIT vs Capital Markets Industry

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

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


ROCO:6021
64GF Score
Good Finance Securities Co Ltd ROCO:6021
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Good Finance 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$1,385 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$1,385 Mil mean?
Good Finance Securities Co (ROCO:6021) has a EBIT of NT$1,385 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Good Finance Securities Co.
Is Good Finance Securities Co's EBIT too high?
Good Finance Securities Co's current EBIT is NT$1,385 Mil. Overall, Good Finance Securities Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Good Finance Securities Co's EBIT compare to MS and GS?
Good Finance Securities Co's EBIT of NT$1,385 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 Good Finance Securities Co. Good Finance Securities Co's current EBIT is NT$1,385 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Good Finance Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Good Finance Securities Co (ROCO:6021) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$24.56, compared to a current price of NT$37.95 — trading 54.5% above its estimated fair value. The current EBIT is NT$1,385 Mil. Good Finance Securities Co's overall GF Score™ is 64/100 with 9 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 Good Finance Securities Co (ROCO:6021), the current EBIT is NT$1,385 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 Good Finance Securities Co (ROCO:6021) Overvalued in 2026?

Based on GuruFocus' analysis, Good Finance Securities Co stock appears to be overvalued. The current stock price of NT$37.95 is trading 54.5% above its estimated GF Value™ of NT$24.56. GuruFocus considers Good Finance Securities Co to be Significantly Overvalued.

Key valuation signals for ROCO:6021:

  • EBIT: NT$1,385 Mil
  • GF Value™: NT$24.56 vs. price of NT$37.95 (54.5% above fair value)
  • GF Score™: 64/100 with 9 warning signs

No single metric tells the full story. See the ROCO:6021 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Good Finance Securities Co Business Description

Address Minsheng East Road, Section 2, 4th Floor, No. 174 and No. 176, Taipei, TWN
Good Finance Securities Co Ltd is a security company. The company operates its businesses through security brokerage, proprietary business, and underwriting, and hedging business. The company provides its services to individuals and corporate clients. The reportable segments of the Group are Client partner segment, Investment segment, Investment bank segment, Futures segment and others. Majority of revenue is generated from Investment segment. Investment segment is responsible for securities dealing, bonds dealing, trading of financial instruments relating to interest rate and bills and bonds under repurchase or resale agreements followed by Client partner segment, Futures segment, and Investment bank segment.
64GF Score

Get the complete analysis for ROCO:6021

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

NT$37.95
Price
NT$24.56
GF Value