Cheng Shin Rubber Industry Co (TPE:2105) EBIT : NT$9,748 Mil (TTM As of Mar. 2024)

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What is Cheng Shin Rubber Industry Co EBIT?

Cheng Shin Rubber Industry Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$3,282 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$9,748 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cheng Shin Rubber Industry Co's annualized ROC % for the quarter that ended in Mar. 2024 was 7.95%. Cheng Shin Rubber Industry Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 15.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cheng Shin Rubber Industry Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.77%.

Cheng Shin Rubber Industry Co EBIT Historical Data

The historical data trend for Cheng Shin Rubber Industry 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.

Cheng Shin Rubber Industry Co EBIT Chart

Cheng Shin Rubber Industry Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

Get a 7-Day Free Trial

7,701.96

7,547.15

9,183.13

7,686.60

7,750.66

Cheng Shin Rubber Industry Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
EBIT	Get a 7-Day Free Trial															1,526.44	2,501.79	3,220.43	3,244.73	3,282.46

Competitive Comparison of Cheng Shin Rubber Industry Co's EBIT

For the Auto Parts subindustry, Cheng Shin Rubber Industry 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.

Cheng Shin Rubber Industry Co's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cheng Shin Rubber Industry Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Cheng Shin Rubber Industry Co's EV-to-EBIT falls into.

Cheng Shin Rubber Industry 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$9,748 Mil.

Cheng Shin Rubber Industry Co (TPE:2105) EBIT Explanation

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

Cheng Shin Rubber Industry 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: Sep. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	10852.632 * ( 1 - 26.94% )	/	( (103313.629	+	96208.146)	/ 2 )
=	7928.9329392	/	99760.8875
=	7.95 %

where

	Invested Capital		(Q: Sep. 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	))
=	144018.905	-	13041.473	-	( 27663.803	-	max(0, 19370.269	-	60541.941	+	27663.803	))
=	103313.629

	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	))
=	142136.133	-	18931.137	-	( 26996.85	-	max(0, 26452.662	-	59040.371	+	26996.85	))
=	96208.146

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

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

Cheng Shin Rubber Industry 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: Sep. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	13129.856	/	( ( (75131.657 + max(13920.54, 0))	+	(70749.153 + max(7585.785, 0)) )	/	2 )
=	13129.856	/	( ( 89052.197	+	78334.938 )	/	2 )
=	13129.856	/	83693.5675
=	15.69 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10680.463	+	16136.434	+	1093.838)	-	(13041.473	+	0	+	948.722)
=	13920.54

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10223.001	+	16116.071	+	1348.894)	-	(18931.137	+	0	+	1171.044)
=	7585.785

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:

Cheng Shin Rubber Industry Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	9747.622	/	168938.670
	=	5.77 %

Cheng Shin Rubber Industry Co EBIT Related Terms

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Cheng Shin Rubber Industry Co (TPE:2105) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cheng Shin Rubber Industry Co Ltd (TPE:2105) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 215, Meigang Road, Dacun Township, Changhua, TWN, 51545

Website

https://www.cst.com.tw

Cheng Shin Rubber Industry Co Ltd makes and sells rubber tires under the CST brand name. The company also sells rubber inner tubes and other rubber products. It includes the Processing, manufacturing, and trading of bicycle tires, electrical vehicle tires, reclaimed rubber, various rubbers, resin, and other rubber products and the manufacturing and trading of various rubber products and relevant rubber machinery. The main sources of sales revenue are from the assembly plants and dealers. Its geographical segments are Taiwan, China, the United States, and Others.

Cheng Shin Rubber Industry Co (TPE:2105) Headlines

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