China Times Co (ROCO:8923) EBIT: NT$35.5 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:8923 China Times Co Ltd ROCO:8923
76 GF Score
Price NT$18.75
GF Value NT$19.78
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is China Times Co EBIT?

China Times Co ROCO:8923 -2.60% 76 EBIT is NT$35.5 Mil as of Dec. 2025. GuruFocus rates ROCO:8923 with a GF Score™ of 76/100 and a GF Value™ of NT$19.78 (Fairly Valued). The stock has 5 warning signs investors should review.

China Times Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$13.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$35.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Times Co's annualized ROC % for the quarter that ended in Dec. 2025 was 7.36%. China Times Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 96.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Times Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 9.38%.


China Times Co  (ROCO:8923) EBIT Explanation

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

China Times 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 )
=33.752 * ( 1 - 15.6% )/( (382.639 + 391.414)/ 2 )
=28.486688/387.0265
=7.36 %

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))
=850.497 - 272.31 - ( 244.863 - max(0, 347.029 - 542.577+244.863))
=382.639

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))
=885.578 - 293.902 - ( 265.055 - max(0, 372.406 - 572.668+265.055))
=391.414

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

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

China Times 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 )
=53.208/( ( (56.049 + max(-53.606, 0)) + (53.822 + max(-68.203, 0)) )/ 2 )
=53.208/( ( 56.049 + 53.822 )/ 2 )
=53.208/54.9355
=96.86 %

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)
=(106.377 + 145.442 + 16.496) - (272.31 + 0 + 49.611)
=-53.606

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(119.859 + 144.534 + 15.282) - (293.902 + 0 + 53.976)
=-68.203

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:

China Times Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=35.542/378.922
=9.38 %

* 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.


China Times Co EBIT Related Terms


China Times Co EBIT Historical Data

* Premium members only.

The historical data trend for China Times 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.

China Times Co EBIT Chart

China Times 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 37.38 43.15 33.03 35.53 35.54

China Times 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 13.93 18.35 2.20 1.70 13.30

ROCO:8923 vs NYT, WLY: EBIT Comparison

For the Publishing subindustry, China Times 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.


China Times Co EV-to-EBIT vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, China Times Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Times Co's EV-to-EBIT falls into.


ROCO:8923
76GF Score
China Times Co Ltd ROCO:8923
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Times 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$35.5 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$35.5 Mil mean?
China Times Co (ROCO:8923) has a EBIT of NT$35.5 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Times Co.
Is China Times Co's EBIT too high?
China Times Co's current EBIT is NT$35.5 Mil. Overall, China Times Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Times Co's EBIT compare to NYT and WLY?
China Times Co's EBIT of NT$35.5 Mil can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good EBIT depends on the Media - Diversified 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 China Times Co. China Times Co's current EBIT is NT$35.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Times Co stock overvalued right now?
Based on GuruFocus' analysis, China Times Co (ROCO:8923) is currently considered Fairly Valued. The stock's GF Value™ is NT$19.78, compared to a current price of NT$18.75 — trading 5.2% below its estimated fair value. The current EBIT is NT$35.5 Mil. China Times Co's overall GF Score™ is 76/100 with 5 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 China Times Co (ROCO:8923), the current EBIT is NT$35.5 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 China Times Co (ROCO:8923) Overvalued in 2026?

Based on GuruFocus' analysis, China Times Co stock appears to be undervalued. The current stock price of NT$18.75 is trading 5.2% below its estimated GF Value™ of NT$19.78. GuruFocus considers China Times Co to be Fairly Valued.

Key valuation signals for ROCO:8923:

  • EBIT: NT$35.5 Mil
  • GF Value™: NT$19.78 vs. price of NT$18.75 (5.2% below fair value)
  • GF Score™: 76/100 with 5 warning signs

No single metric tells the full story. See the ROCO:8923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Times Co Business Description

Address No. 240, Heping West Road, 1-7 Floor, Section 3, Wanhua District, Taipei, TWN, 108
China Times Co Ltd is a Taiwan-based company principally engaged in the publishing and distribution of books and magazines. Its activities mainly include editing, publishing, and wholesale distribution of books and magazines, as well as exhibition services.
76GF Score

Get the complete analysis for ROCO:8923

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

NT$18.75
Price
NT$19.78
GF Value