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Goodway Machine (TPE:1583) EBIT : NT$819 Mil (TTM As of Sep. 2024)


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What is Goodway Machine EBIT?

Goodway Machine's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was NT$234 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was NT$819 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Goodway Machine's annualized ROC % for the quarter that ended in Sep. 2024 was -0.23%. Goodway Machine's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 12.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Goodway Machine's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 8.20%.


Goodway Machine EBIT Historical Data

The historical data trend for Goodway Machine'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.

Goodway Machine EBIT Chart

Goodway Machine Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 539.17 677.78 690.79 1,192.27 1,071.79

Goodway Machine 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 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 376.54 253.31 69.99 260.94 234.27

Competitive Comparison of Goodway Machine's EBIT

For the Specialty Industrial Machinery subindustry, Goodway Machine'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.


Goodway Machine's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Goodway Machine's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Goodway Machine's EV-to-EBIT falls into.



Goodway Machine 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$819 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.


Goodway Machine  (TPE:1583) EBIT Explanation

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

Goodway Machine'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 )
=-23.516 * ( 1 - 7.21% )/( (9281.434 + 9675.262)/ 2 )
=-21.8204964/9478.348
=-0.23 %

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))
=13932.18 - 1246.953 - ( 4206.123 - max(0, 6054.857 - 9458.65+4206.123))
=9281.434

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))
=14131.24 - 702.001 - ( 4268.655 - max(0, 5518.223 - 9272.2+4268.655))
=9675.262

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

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

Goodway Machine'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 )
=937.068/( ( (3779.443 + max(3360.826, 0)) + (4095.458 + max(3729.989, 0)) )/ 2 )
=937.068/( ( 7140.269 + 7825.447 )/ 2 )
=937.068/7482.858
=12.52 %

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)
=(938.717 + 3859.226 + 130.666) - (1246.953 + 0 + 320.83)
=3360.826

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(840.659 + 3683.792 + 152.414) - (702.001 + 0 + 244.875)
=3729.989

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:

Goodway Machine's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=818.508/9978.044
=8.20 %

* 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.


Goodway Machine EBIT Related Terms

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Goodway Machine Business Description

Traded in Other Exchanges
N/A
Address
No. 13, Gongyequ 5th Road, Taichung Industrial Park, Xitun District, Taichung, TWN
Goodway Machine Corp engaged in manufacturing, sales, and purchases of a variety of machine tools, automatic machinery and hardware, woodworking machinery, and woodworking lathes. The company has two reportable segments, the CNC Lathe segment and the Processing Machine segment, which are mainly engaged in the design, manufacturing and trading of industrial machine tools. Geographically, the company generates a majority of its revenue from Asia ( excluding Taiwan) and the rest from Europe, America, Taiwan, and other regions.

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