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Ta Chen Stainless Pipe Co (TPE:2027) EBIT : NT$9,369 Mil (TTM As of Mar. 2024)


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What is Ta Chen Stainless Pipe Co EBIT?

Ta Chen Stainless Pipe Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$2,199 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$9,369 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ta Chen Stainless Pipe Co's annualized ROC % for the quarter that ended in Mar. 2024 was 3.49%. Ta Chen Stainless Pipe Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.65%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ta Chen Stainless Pipe Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.86%.


Ta Chen Stainless Pipe Co EBIT Historical Data

The historical data trend for Ta Chen Stainless Pipe 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.

* Premium members only.

Ta Chen Stainless Pipe Co EBIT Chart

Ta Chen Stainless Pipe Co 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 5,030.48 1,624.62 16,708.88 20,402.03 10,767.54

Ta Chen Stainless Pipe Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3,597.87 3,625.49 2,540.56 1,003.62 2,199.49

Competitive Comparison of Ta Chen Stainless Pipe Co's EBIT

For the Steel subindustry, Ta Chen Stainless Pipe 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.


Ta Chen Stainless Pipe Co's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ta Chen Stainless Pipe Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ta Chen Stainless Pipe Co's EV-to-EBIT falls into.



Ta Chen Stainless Pipe 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$9,369 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.


Ta Chen Stainless Pipe Co  (TPE:2027) EBIT Explanation

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

Ta Chen Stainless Pipe Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=5465.196 * ( 1 - 25.98% )/( (114960.947 + 116873.783)/ 2 )
=4045.3380792/115917.365
=3.49 %

where

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))
=135115.312 - 6049.755 - ( 14104.61 - max(0, 27994.397 - 82402.701+14104.61))
=114960.947

Invested Capital(Q: Mar. 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))
=137990.329 - 6194.673 - ( 14921.873 - max(0, 26238.169 - 83544.236+14921.873))
=116873.783

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

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

Ta Chen Stainless Pipe Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=8797.972/( ( (39600.627 + max(60941.623, 0)) + (41710.771 + max(61094.437, 0)) )/ 2 )
=8797.972/( ( 100542.25 + 102805.208 )/ 2 )
=8797.972/101673.729
=8.65 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7466.965 + 56615.858 + 3813.686) - (6049.755 + 0 + 905.131)
=60941.623

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9159.214 + 55601.396 + 3545.179) - (6194.673 + 0 + 1016.679)
=61094.437

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Ta Chen Stainless Pipe Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=9369.165/119191.122
=7.86 %

* 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.


Ta Chen Stainless Pipe Co EBIT Related Terms

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Ta Chen Stainless Pipe Co (TPE:2027) Business Description

Traded in Other Exchanges
N/A
Address
No.125 Hsin-Tien 2nd Street, Hsin-Tien, Jeng-Teh, Tainan, TWN
Ta Chen Stainless Pipe Co Ltd is a Taiwan-based company that is primarily engaged in manufacturing and distributing of stainless steel, fasteners, steel strips, aluminum and nickel alloy coils, sheets, plates, long products, tubes, and PVFs. The company generates most of its sales from stainless steel products and fasteners. The company particularly specializes in manufacturing stainless tube and its accessories, which are used in petrochemical and food industries. Geographically, the company generates almost all of its revenue from the American market, where the company distributes its products through its warehouses in Los Angeles, Chicago, Houston, Atlanta, Florida, Philadelphia, Seattle, and Cleveland.

Ta Chen Stainless Pipe Co (TPE:2027) Headlines

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