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ECOVE Environment (ROCO:6803) EBIT : NT$1,656 Mil (TTM As of Mar. 2024)


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What is ECOVE Environment EBIT?

ECOVE Environment's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$440 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$1,656 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ECOVE Environment's annualized ROC % for the quarter that ended in Mar. 2024 was 16.11%. ECOVE Environment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 37.10%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ECOVE Environment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.74%.


ECOVE Environment EBIT Historical Data

The historical data trend for ECOVE Environment'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.

ECOVE Environment EBIT Chart

ECOVE Environment 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 1,308.92 1,312.23 1,376.34 1,545.07 1,653.31

ECOVE Environment 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 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 437.27 433.19 459.31 323.55 440.09

Competitive Comparison of ECOVE Environment's EBIT

For the Waste Management subindustry, ECOVE Environment'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.


ECOVE Environment's EV-to-EBIT Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, ECOVE Environment's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where ECOVE Environment's EV-to-EBIT falls into.



ECOVE Environment 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$1,656 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.


ECOVE Environment  (ROCO:6803) EBIT Explanation

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

ECOVE Environment'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 )
=1615.688 * ( 1 - 16.32% )/( (8171.2 + 8609.895)/ 2 )
=1352.0077184/8390.5475
=16.11 %

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))
=13083.302 - 2255.468 - ( 3101.109 - max(0, 2474.156 - 5130.79+3101.109))
=8171.2

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))
=13748.381 - 3374.999 - ( 3381.803 - max(0, 3842.324 - 5605.811+3381.803))
=8609.895

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

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

ECOVE Environment'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 )
=1760.34/( ( (4762.293 + max(-1255.33, 0)) + (4727.31 + max(-2202.096, 0)) )/ 2 )
=1760.34/( ( 4762.293 + 4727.31 )/ 2 )
=1760.34/4744.8015
=37.10 %

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)
=(954.184 + 103.512 + 99.89) - (2255.468 + 0 + 157.448)
=-1255.33

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1044.429 + 87.326 + 133.174) - (3374.999 + 0 + 92.026)
=-2202.096

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:

ECOVE Environment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1656.123/21402.388
=7.74 %

* 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.


ECOVE Environment EBIT Related Terms

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ECOVE Environment (ROCO:6803) Business Description

Traded in Other Exchanges
N/A
Address
Fushan Road, 12Floor, No. 16, Beitou District, Taipei, TWN, 112037
ECOVE Environment Corp is an investment holding company. It provides waste removal and transportation, recycling, municipal solid waste incineration, and incineration services. It serves public and private entities. It also invests in the development of photovoltaic power plants. The company specializes in providing technical services such as mechatronics system and equipment maintenance and upgrade; commissioning, and testing for the energy-from-waste, railway, waste management, and public utility sectors.

ECOVE Environment (ROCO:6803) Headlines

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