Good Will Instrument Co (TPE:2423) EBIT : NT$476 Mil (TTM As of Sep. 2024)

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What is Good Will Instrument Co EBIT?

Good Will Instrument Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was NT$111 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was NT$476 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Good Will Instrument Co's annualized ROC % for the quarter that ended in Sep. 2024 was 12.26%. Good Will Instrument Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 27.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Good Will Instrument Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 8.26%.

Good Will Instrument Co EBIT Historical Data

The historical data trend for Good Will Instrument 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.

Good Will Instrument Co EBIT Chart

Good Will Instrument Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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396.25

275.98

408.57

534.05

560.53

Good Will Instrument Co 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															150.97	165.97	119.07	80.22	110.93

Competitive Comparison of Good Will Instrument Co's EBIT

For the Scientific & Technical Instruments subindustry, Good Will Instrument 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.

Good Will Instrument Co's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Good Will Instrument Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Good Will Instrument Co's EV-to-EBIT falls into.

Good Will Instrument 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$476 Mil.

Good Will Instrument Co (TPE:2423) EBIT Explanation

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

Good Will Instrument Co'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 )
=	378.768 * ( 1 - 24.34% )	/	( (2174.769	+	2498.832)	/ 2 )
=	286.5758688	/	2336.8005
=	12.26 %

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	))
=	3745.71	-	822.748	-	( 748.193	-	max(0, 980.189	-	2414.267	+	748.193	))
=	2174.769

	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	))
=	3522.226	-	520.036	-	( 503.358	-	max(0, 676.133	-	2174.879	+	503.358	))
=	2498.832

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

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

Good Will Instrument Co'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 )
=	443.72	/	( ( (946.104 + max(641.682, 0))	+	(757.779 + max(919.51, 0)) )	/	2 )
=	443.72	/	( ( 1587.786	+	1677.289 )	/	2 )
=	443.72	/	1632.5375
=	27.18 %

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)
=	(566.299	+	905.972	+	28.746)	-	(822.748	+	0	+	36.587)
=	641.682

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(579.262	+	885.362	+	40.353)	-	(520.036	+	0	+	65.431)
=	919.51

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:

Good Will Instrument Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	476.185	/	5765.203
	=	8.26 %

Good Will Instrument Co EBIT Related Terms

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Good Will Instrument Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Good Will Instrument Co Ltd (TPE:2423) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 7-1, Jhongsing Road, Tucheng District, New Taipei City, TWN, 236

Website

https://www.goodwill.com.tw

Good Will Instrument Co Ltd manufactures and sells electrical testing instruments, communication equipment, and related products. The company operates in three different product lines namely Electronic Test and Measurement Instruments, Video Surveillance, and Environment Test Business. Its products include Oscilloscopes, Spectrum Analyzers, Signal Sources, Power Supplies, Public Broadcasting and Video Monitoring Systems, Environmental Testing Equipment, Constant Temperature and Humidity Equipment, and Vibration Test Equipment among others. Geographically, the company generates a majority of its revenue from China and the rest from Japan, Taiwan, America, and other countries.

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