Horng Terng Automation Co (ROCO:7751) EBIT : NT$367 Mil (TTM As of Dec. 2024)

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What is Horng Terng Automation Co EBIT?

Horng Terng Automation Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2024 was NT$175 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was NT$367 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Horng Terng Automation Co's annualized ROC % for the quarter that ended in Dec. 2024 was 41.30%. Horng Terng Automation Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 458.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Horng Terng Automation Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 5.51%.

Horng Terng Automation Co EBIT Historical Data

The historical data trend for Horng Terng Automation 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.

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Horng Terng Automation Co EBIT Chart

Horng Terng Automation Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

EBIT

497.46

207.17

367.12

Horng Terng Automation Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
EBIT	-	126.14	81.02	192.11	175.01

Competitive Comparison of Horng Terng Automation Co's EBIT

For the Semiconductor Equipment & Materials subindustry, Horng Terng Automation 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.

Horng Terng Automation Co's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Horng Terng Automation Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Horng Terng Automation Co's EV-to-EBIT falls into.

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Horng Terng Automation 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was NT$367 Mil.

Horng Terng Automation Co (ROCO:7751) EBIT Explanation

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

Horng Terng Automation Co's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

	ROC % (Q: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Dec. 2024 ))	/ count )
=	320.312 * ( 1 - 20.03% )	/	( (539.791	+	700.748)	/ 2 )
=	256.1535064	/	620.2695
=	41.30 %

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	))
=	1961.278	-	448.98	-	( 1213.503	-	max(0, 872.997	-	1845.504	+	1213.503	))
=	539.791

	Invested Capital		(Q: Dec. 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	))
=	2149.092	-	331.265	-	( 1260.867	-	max(0, 923.326	-	2040.405	+	1260.867	))
=	700.748

Note: The Operating Income data used here is two times the semi-annual (Dec. 2024) data.

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

Horng Terng Automation Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Dec. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	350.024	/	( ( (78.532 + max(-235.754, 0))	+	(73.996 + max(-141.131, 0)) )	/	2 )
=	350.024	/	( ( 78.532	+	73.996 )	/	2 )
=	350.024	/	76.264
=	458.96 %

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)
=	(164.677	+	460.927	+	5.1880000000001)	-	(448.98	+	0	+	417.566)
=	-235.754

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(166.58	+	605.392	+	6.5719999999999)	-	(331.265	+	0	+	588.41)
=	-141.131

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

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

Horng Terng Automation Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2024 )
	=	367.121	/	6660.461
	=	5.51 %

Horng Terng Automation Co EBIT Related Terms

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Horng Terng Automation Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Horng Terng Automation Co Ltd (ROCO:7751) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 61, Jingliu 6th Road, Nanzi Export Processing Zone, Nantze District, Kaohsiung, TWN, 81170

Website

https://www.hta.com.tw

Horng Terng Automation Co Ltd is a Company that concentrates all its efforts on continuous research and development and upgrading of skills, providing complete technologies and equipment to customers, and providing customized equipment development and design, detection efficiency improvement, equipment integration and application, and other immediate and complete solutions based on customer development trends. It focuses on the research and development of various semiconductor equipment to enhance industrial competitiveness, and provides customers with high-quality customized products and semiconductor equipment integration services.

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