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Capital Securities (TPE:6005) EBIT : NT$9,488 Mil (TTM As of Dec. 2024)


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What is Capital Securities EBIT?

Capital Securities's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was NT$2,240 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was NT$9,488 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Capital Securities's annualized ROC % for the quarter that ended in Dec. 2024 was 1.20%. Capital Securities's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 239.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Capital Securities's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 12.65%.


Capital Securities EBIT Historical Data

The historical data trend for Capital Securities'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.

Capital Securities EBIT Chart

Capital Securities 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 4,757.01 6,423.04 2,427.13 7,021.98 9,487.78

Capital Securities 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 1,902.83 2,233.55 2,403.54 2,610.36 2,240.34

Competitive Comparison of Capital Securities's EBIT

For the Capital Markets subindustry, Capital Securities'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.


Capital Securities's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Capital Securities's EV-to-EBIT distribution charts can be found below:

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



Capital Securities 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$9,488 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.


Capital Securities  (TPE:6005) EBIT Explanation

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

Capital Securities'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 )
=4143.3 * ( 1 - 23.52% )/( (261664.15 + 265732.544)/ 2 )
=3168.79584/263698.347
=1.20 %

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))
=308707.851 - 20977.776 - ( 104792.293 - max(0, 257701.255 - 283767.18+104792.293))
=261664.15

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))
=308688.502 - 16374.165 - ( 109961.537 - max(0, 256345.104 - 282926.897+109961.537))
=265732.544

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

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

Capital Securities'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 )
=8961.36/( ( (3757.396 + max(-22414.581, 0)) + (3711.972 + max(-20069.106, 0)) )/ 2 )
=8961.36/( ( 3757.396 + 3711.972 )/ 2 )
=8961.36/3734.684
=239.95 %

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)
=(19896.195 + 0 + 106552.146) - (20977.776 + 0 + 127885.146)
=-22414.581

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13784.088 + 0 + 103557.227) - (16374.165 + 0 + 121036.256)
=-20069.106

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:

Capital Securities's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=9487.781/74990.862
=12.65 %

* 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.


Capital Securities EBIT Related Terms

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Capital Securities Business Description

Traded in Other Exchanges
N/A
Address
No. 156, Minsheng East Road, 11th Floor, Section 3, Songshan District, Taipei, TWN, 10596
Capital Securities Corp is a Taiwan-based financial services company with brokerage underwriting dealing and derivative instrument. The brokerage segment offers services such as trading domestic and foreign securities, margin trading, and securities lending. The underwriting dealing segment offers various advisory and capital-raising services and solutions. The derivative products segment issues and trade derivatives as well as provide advisory services on derivative vehicles. The company generates the majority of its revenue domestically from Taiwan in which over half of its total revenue is from its Proprietary trading segment.

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