Changs Ascending Enterprise Co (ROCO:8038) EBIT: NT$64.7 Mil (TTM As of Dec. 2025)

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ROCO:8038 Changs Ascending Enterprise Co Ltd ROCO:8038
60 GF Score
Price NT$38.55
GF Value NT$92.34
Valuation Possible Value Trap
! 8 Warning Signs
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What is Changs Ascending Enterprise Co EBIT?

Changs Ascending Enterprise Co ROCO:8038 +0.92% 60 EBIT is NT$64.7 Mil as of Dec. 2025. GuruFocus rates ROCO:8038 with a GF Score™ of 60/100 and a GF Value™ of NT$92.34 (Possible Value Trap). The stock has 8 warning signs investors should review.

Changs Ascending Enterprise Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$8.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$64.7 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 Dec. 2025 was 1.78%. Changs Ascending Enterprise Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.13%.

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 Dec. 2025 was 2.31%.

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 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 )
=18.16 * ( 1 - 0% )/( (978.603 + 1057.182)/ 2 )
=18.16/1017.8925
=1.78 %

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))
=1260.373 - 139.922 - ( 184.488 - max(0, 517.123 - 658.971+184.488))
=978.603

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))
=1324.097 - 121.566 - ( 317.642 - max(0, 582.092 - 727.441+317.642))
=1057.182

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) 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 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 )
=33.876/( ( (565.551 + max(285.688, 0)) + (561.557 + max(225.804, 0)) )/ 2 )
=33.876/( ( 851.239 + 787.361 )/ 2 )
=33.876/819.3
=4.13 %

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)
=(206.534 + 217.066 + 16.34) - (139.922 + 0 + 14.33)
=285.688

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(160.278 + 193.78 + 10.625) - (121.566 + 0 + 17.313)
=225.804

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=64.701/2804.336
=2.31 %

* 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.

Changs Ascending Enterprise Co EBIT Related Terms

Changs Ascending Enterprise Co EBIT Historical Data

* Premium members only.

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.

Changs Ascending Enterprise Co EBIT Chart

Changs Ascending Enterprise 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 -117.33 -17.31 14.95 -90.03 64.70

Changs Ascending Enterprise 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 -18.22 -9.36 18.31 47.28 8.47

ROCO:8038 vs VRT, BE: EBIT Comparison

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 EV-to-EBIT vs 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.


ROCO:8038
60GF Score
Changs Ascending Enterprise Co Ltd ROCO:8038
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$64.7 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$64.7 Mil mean?
Changs Ascending Enterprise Co (ROCO:8038) has a EBIT of NT$64.7 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Changs Ascending Enterprise Co.
Is Changs Ascending Enterprise Co's EBIT too high?
Changs Ascending Enterprise Co's current EBIT is NT$64.7 Mil. Overall, Changs Ascending Enterprise Co has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Changs Ascending Enterprise Co's EBIT compare to VRT and BE?
Changs Ascending Enterprise Co's EBIT of NT$64.7 Mil can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good EBIT depends on the Industrial Products 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 Changs Ascending Enterprise Co. Changs Ascending Enterprise Co's current EBIT is NT$64.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changs Ascending Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Changs Ascending Enterprise Co (ROCO:8038) is currently considered Possible Value Trap. The stock's GF Value™ is NT$92.34, compared to a current price of NT$38.55 — trading 58.3% below its estimated fair value. The current EBIT is NT$64.7 Mil. Changs Ascending Enterprise Co's overall GF Score™ is 60/100 with 8 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 Changs Ascending Enterprise Co (ROCO:8038), the current EBIT is NT$64.7 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 Changs Ascending Enterprise Co (ROCO:8038) Overvalued in 2026?

Based on GuruFocus' analysis, Changs Ascending Enterprise Co stock appears to be undervalued. The current stock price of NT$38.55 is trading 58.3% below its estimated GF Value™ of NT$92.34. GuruFocus considers Changs Ascending Enterprise Co to be Possible Value Trap.

Key valuation signals for ROCO:8038:

  • EBIT: NT$64.7 Mil
  • GF Value™: NT$92.34 vs. price of NT$38.55 (58.3% below fair value)
  • GF Score™: 60/100 with 8 warning signs

No single metric tells the full story. See the ROCO:8038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Changs Ascending Enterprise Co Business Description

Address No. 9 Keya East Road, Central Science Park, Xitun District, Taichung, TWN
Changs Ascending Enterprise Co Ltd is 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. The company derives maximum revenue from Lithium-iron battery modules.
60GF Score

Get the complete analysis for ROCO:8038

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

NT$38.55
Price
NT$92.34
GF Value