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Tong Ming Enterprise Co (TPE:5538) EBIT : NT$864 Mil (TTM As of Dec. 2024)


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What is Tong Ming Enterprise Co EBIT?

Tong Ming Enterprise Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was NT$146 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was NT$864 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tong Ming Enterprise Co's annualized ROC % for the quarter that ended in Dec. 2024 was 2.92%. Tong Ming Enterprise Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 6.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tong Ming Enterprise Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 9.11%.


Tong Ming Enterprise Co EBIT Historical Data

The historical data trend for Tong Ming Enterprise 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.

Tong Ming Enterprise Co EBIT Chart

Tong Ming Enterprise Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 690.58 1,933.82 1,285.88 312.36 863.82

Tong Ming Enterprise 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 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 -78.36 198.74 295.76 223.06 146.27

Competitive Comparison of Tong Ming Enterprise Co's EBIT

For the Steel subindustry, Tong Ming Enterprise 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.


Tong Ming Enterprise Co's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tong Ming Enterprise Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tong Ming Enterprise Co's EV-to-EBIT falls into.


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Tong Ming Enterprise 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$864 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.


Tong Ming Enterprise Co  (TPE:5538) EBIT Explanation

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

Tong Ming Enterprise 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 )
=376.904 * ( 1 - 19.04% )/( (10453.397 + 10415.888)/ 2 )
=305.1414784/10434.6425
=2.92 %

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))
=13688.193 - 964.12 - ( 2270.676 - max(0, 4467.541 - 10206.648+2270.676))
=10453.397

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))
=13947.061 - 1334.842 - ( 2196.331 - max(0, 4902.044 - 10369.351+2196.331))
=10415.888

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

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

Tong Ming Enterprise 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 )
=585.06/( ( (3156.428 + max(6425.86, 0)) + (3231.926 + max(6122.535, 0)) )/ 2 )
=585.06/( ( 9582.288 + 9354.461 )/ 2 )
=585.06/9468.3745
=6.18 %

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)
=(1967.21 + 4987.669 + 565.421) - (964.12 + 0 + 130.32)
=6425.86

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2191.43 + 4835.01 + 520.139) - (1334.842 + 0 + 89.201999999999)
=6122.535

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:

Tong Ming Enterprise Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=863.818/9477.419
=9.11 %

* 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.


Tong Ming Enterprise Co EBIT Related Terms

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Tong Ming Enterprise Co Business Description

Traded in Other Exchanges
N/A
Address
No. 88, Changsheng East Road, Economic Development Zone, Zhejiang Province, Jiaxing, CHN, 314003
Tong Ming Enterprise Co Ltd is specialized in manufacturing and selling brand stainless steel fasteners and wires. It derives the maximum revenue from Fasteners products. Geographically, the company operates in China. It serves industries such as curtain wall, high-speed rail, communication, new energy, shipbuilding, and foreign engineering projects.

Tong Ming Enterprise Co Headlines

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