Changs Ascending Enterprise Co (ROCO:8038) EBIT : NT$-79.3 Mil (TTM As of Sep. 2024)

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What is Changs Ascending Enterprise Co EBIT?

Changs Ascending Enterprise Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was NT$-18.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was NT$-79.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Changs Ascending Enterprise Co's annualized ROC % for the quarter that ended in Sep. 2024 was -9.68%. Changs Ascending Enterprise Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -9.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Changs Ascending Enterprise Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -3.91%.

Changs Ascending Enterprise Co EBIT Historical Data

The historical data trend for Changs Ascending Enterprise 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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Changs Ascending Enterprise Co EBIT Chart

Changs Ascending Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-17.26

-52.63

-117.33

-17.31

14.95

Changs Ascending Enterprise 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															-12.95	-6.24	-18.97	-36.14	-18.00

Competitive Comparison of Changs Ascending Enterprise Co's EBIT

For the Electrical Equipment & Parts subindustry, Changs Ascending Enterprise 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.

Changs Ascending Enterprise Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Changs Ascending Enterprise Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Changs Ascending Enterprise Co's EV-to-EBIT falls into.

Changs Ascending Enterprise 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$-79.3 Mil.

Changs Ascending Enterprise Co (ROCO:8038) EBIT Explanation

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

Changs Ascending Enterprise 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 )
=	-86.964 * ( 1 - 0% )	/	( (896.665	+	900.714)	/ 2 )
=	-86.964	/	898.6895
=	-9.68 %

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	))
=	1028.846	-	21.629	-	( 233.06	-	max(0, 288.567	-	399.119	+	233.06	))
=	896.665

	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	))
=	1024.611	-	34.266	-	( 197.749	-	max(0, 309.749	-	399.38	+	197.749	))
=	900.714

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

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

Changs Ascending Enterprise 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 )
=	-72.004	/	( ( (589.657 + max(131.187, 0))	+	(583.659 + max(151.187, 0)) )	/	2 )
=	-72.004	/	( ( 720.844	+	734.846 )	/	2 )
=	-72.004	/	727.845
=	-9.89 %

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)
=	(9.319	+	130.791	+	16.311)	-	(21.629	+	0	+	3.605)
=	131.187

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(42.071	+	130.228	+	19.799)	-	(34.266	+	0	+	6.645)
=	151.187

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:

Changs Ascending Enterprise Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	-79.342	/	2027.478
	=	-3.91 %

Changs Ascending Enterprise Co EBIT Related Terms

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Changs Ascending Enterprise Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changs Ascending Enterprise Co Ltd (ROCO:8038) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

No. 9 Keya East Road, Central Science Park, Xitun District, Taichung, TWN

Website

https://www.caec.com.tw

Changs Ascending Enterprise Co Ltd is primarily engaged in the manufacturing, research, and development of lithium-iron batteries and its materials, as well as technology transfer and leasing and sales of battery modules. Its products are used in electronic storage systems, uninterruptible power supplies, smart grids, e-vehicles, forklifts, starter batteries, LED lighting and portable power units.

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