Yieh United Steel (ROCO:9957) EBIT : NT$-2,632 Mil (TTM As of Dec. 2023)

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What is Yieh United Steel EBIT?

Yieh United Steel's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was NT$-1,856 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was NT$-2,632 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Yieh United Steel's annualized ROC % for the quarter that ended in Dec. 2023 was -8.01%. Yieh United Steel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -14.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Yieh United Steel's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -5.22%.

Yieh United Steel EBIT Historical Data

The historical data trend for Yieh United Steel'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.

Yieh United Steel EBIT Chart

Yieh United Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-2,828.10

-1,010.59

6,793.24

773.93

-2,631.88

Yieh United Steel Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															4,515.50	1,714.24	-940.31	-776.12	-1,855.75

Competitive Comparison of Yieh United Steel's EBIT

For the Steel subindustry, Yieh United Steel'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.

Yieh United Steel's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Yieh United Steel's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Yieh United Steel's EV-to-EBIT falls into.

Yieh United Steel 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was NT$-2,632 Mil.

Yieh United Steel (ROCO:9957) EBIT Explanation

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

Yieh United Steel's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-5443.332 * ( 1 - 8.83% )	/	( (57449.36	+	66487.481)	/ 2 )
=	-4962.6857844	/	61968.4205
=	-8.01 %

where

	Invested Capital		(Q: Jun. 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	))
=	54378.913	-	3510.243	-	( 2123.111	-	max(0, 22842.642	-	16261.952	+	2123.111	))
=	57449.36

	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	))
=	60272.976	-	3911.925	-	( 1725.096	-	max(0, 26493.691	-	16367.261	+	1725.096	))
=	66487.481

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Yieh United Steel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-3711.506	/	( ( (18549.372 + max(6446.767, 0))	+	(18916.954 + max(6489.995, 0)) )	/	2 )
=	-3711.506	/	( ( 24996.139	+	25406.949 )	/	2 )
=	-3711.506	/	25201.544
=	-14.73 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1069.933	+	8267.576	+	837.871)	-	(3510.243	+	0	+	218.37)
=	6446.767

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1473.244	+	8326.725	+	923.711)	-	(3911.925	+	0	+	321.76)
=	6489.995

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Yieh United Steel's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-2631.875	/	50452.209
	=	-5.22 %

Yieh United Steel EBIT Related Terms

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Yieh United Steel (ROCO:9957) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Yieh United Steel Corp (ROCO:9957) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.600, Xinglong St., Jiaxing Vil, Gangshan District, Kaohsiung, TWN, 82057

Website

http://www.yusco.com.tw

Yieh United Steel Corp operates as a steel manufacturer. The products of the company include stainless steel small steel embryo, cold rolled steel coil, stainless steel hot-rolled steel sheet, stainless steel hot rolled black steel coil, carbon steel small steel embryo, and carbon steel hot rolled crude steel coil.

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