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Formosa Epitaxyorporation (TPE:3061) EBIT : NT$-2,147 Mil (TTM As of Sep. 2014)


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What is Formosa Epitaxyorporation EBIT?

Formosa Epitaxyorporation's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2014 was NT$-666 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2014 was NT$-2,147 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Formosa Epitaxyorporation's annualized ROC % for the quarter that ended in Sep. 2014 was -14.88%. Formosa Epitaxyorporation's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2014 was -28.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Formosa Epitaxyorporation's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2014 was -21.28%.


Formosa Epitaxyorporation EBIT Historical Data

The historical data trend for Formosa Epitaxyorporation'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.

Formosa Epitaxyorporation EBIT Chart

Formosa Epitaxyorporation Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13
EBIT
244.28 1,130.94 -270.13 -717.34 -1,487.28

Formosa Epitaxyorporation Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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 -426.36 -439.17 -584.47 -457.24 -665.70

Competitive Comparison of Formosa Epitaxyorporation's EBIT

For the Semiconductors subindustry, Formosa Epitaxyorporation'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.


Formosa Epitaxyorporation's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Formosa Epitaxyorporation's EV-to-EBIT distribution charts can be found below:

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



Formosa Epitaxyorporation 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. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-2,147 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.


Formosa Epitaxyorporation  (TPE:3061) EBIT Explanation

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

Formosa Epitaxyorporation's annualized ROC % for the quarter that ended in Sep. 2014 is calculated as:

ROC % (Q: Sep. 2014 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2014 ) + Invested Capital (Q: Sep. 2014 ))/ count )
=-2662.804 * ( 1 - 10.29% )/( (16210.855 + 15885.975)/ 2 )
=-2388.8014684/16048.415
=-14.88 %

where

Invested Capital(Q: Jun. 2014 )
=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))
=19156.872 - 1416.635 - ( 3276.44 - max(0, 5825.469 - 7354.851+3276.44))
=16210.855

Invested Capital(Q: Sep. 2014 )
=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))
=18382.67 - 1442.478 - ( 2886.784 - max(0, 5769.982 - 6824.199+2886.784))
=15885.975

Note: The Operating Income data used here is four times the quarterly (Sep. 2014) data.

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

Formosa Epitaxyorporation's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2014 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2014 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2014  Q: Sep. 2014
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-2662.804/( ( (9392.064 + max(-1145.076, 0)) + (9141.547 + max(-1196.568, 0)) )/ 2 )
=-2662.804/( ( 9392.064 + 9141.547 )/ 2 )
=-2662.804/9266.8055
=-28.73 %

where Working Capital is:

Working Capital(Q: Jun. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1644.42 + 1527.819 + 906.172) - (1416.635 + 0 + 3806.852)
=-1145.076

Working Capital(Q: Sep. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1684.316 + 1309.049 + 944.05) - (1442.478 + 0 + 3691.505)
=-1196.568

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2014) EBIT data.

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

Formosa Epitaxyorporation's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2014 )
=-2146.583/10085.086
=-21.28 %

* 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.


Formosa Epitaxyorporation EBIT Related Terms

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Formosa Epitaxyorporation (TPE:3061) Business Description

Traded in Other Exchanges
N/A
Address
Formosa Epitaxy Incorporation manufactures & distributes indium gallium nitride wafers & chips. Its products include InGaN wafers, green InGaN wafers & ultraviolet InGaN wafers which are used in display panels, automobile parts & other applications.

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