Test Rite International Co (TPE:2908) EBIT : NT$901 Mil (TTM As of Dec. 2024)

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What is Test Rite International Co EBIT?

Test Rite International Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was NT$182 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was NT$901 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Test Rite International Co's annualized ROC % for the quarter that ended in Dec. 2024 was -0.87%. Test Rite International Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 4.25%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Test Rite International Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 3.38%.

Test Rite International Co EBIT Historical Data

The historical data trend for Test Rite International 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.

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Test Rite International Co EBIT Chart

Test Rite International Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

EBIT

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1,301.61

1,302.37

862.43

856.34

900.61

Test Rite International Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
EBIT	Get a 7-Day Free Trial															117.34	315.89	208.28	194.16	182.28

Competitive Comparison of Test Rite International Co's EBIT

For the Home Improvement Retail subindustry, Test Rite International 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.

Test Rite International Co's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Test Rite International Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Test Rite International Co's EV-to-EBIT falls into.

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Test Rite International 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$901 Mil.

Test Rite International Co (TPE:2908) EBIT Explanation

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

Test Rite International Co's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

	ROC % (Q: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2024 )	+	Invested Capital (Q: Dec. 2024 ))	/ count )
=	382.888 * ( 1 - 158.94% )	/	( (27030.793	+	24887.435)	/ 2 )
=	-225.6741872	/	25959.114
=	-0.87 %

where

	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	))
=	37424.237	-	7534.216	-	( 2859.228	-	max(0, 13125.352	-	17856.532	+	2859.228	))
=	27030.793

	Invested Capital		(Q: Dec. 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	))
=	36113.654	-	7984.268	-	( 3241.951	-	max(0, 13486.415	-	17568.128	+	3241.951	))
=	24887.435

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

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

Test Rite International Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2024		Q: Dec. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	729.104	/	( ( (13150.057 + max(5002.497, 0))	+	(11943.992 + max(4208.584, 0)) )	/	2 )
=	729.104	/	( ( 18152.554	+	16152.576 )	/	2 )
=	729.104	/	17152.565
=	4.25 %

where Working Capital is:

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7238.08	+	5677.214	+	539.472)	-	(7534.216	+	0	+	918.053)
=	5002.497

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6800.792	+	5966.234	+	441.235)	-	(7984.268	+	0	+	1015.409)
=	4208.584

When net working capital is negative, 0 is used.

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

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

Test Rite International Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2024 )
	=	900.605	/	26632.761
	=	3.38 %

Test Rite International Co EBIT Related Terms

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Test Rite International Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Test Rite International Co Ltd (TPE:2908) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23, Hsin Hu 3rd Road, 6th Floor, Nai Hu District, Taipei, TWN, 114

Website

https://www.testritegroup.com

Test Rite International Co Ltd is a Taiwan-based company that is principally engaged in trading business and retail business. The trading business consists of the import and export of household goods and licensing business, such as DIY hand tools, furniture, electrical appliances, and other household items, and this segment provides products for retailers in a worldwide, like Wal-Mart, Sam's Club, Target, Staples, Office Depot, and Carrefour. The retail business in Taiwan and mainland China refers to the sale and marketing of household items and services directly to consumers. The company also conducts product design, packaging design, as well as logistics and warehousing services. The trading business and retail business jointly account for the majority of the company's total revenue.

Test Rite International Co Headlines

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