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Capital Futures (TPE:6024) EBIT : NT$1,352 Mil (TTM As of Mar. 2024)


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What is Capital Futures EBIT?

Capital Futures's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$346 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$1,352 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Capital Futures's annualized ROC % for the quarter that ended in Mar. 2024 was -0.16%. Capital Futures's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 639.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Capital Futures's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 22.68%.


Capital Futures EBIT Historical Data

The historical data trend for Capital Futures'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 Futures EBIT Chart

Capital Futures Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 766.41 791.91 605.15 974.77 1,320.70

Capital Futures Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 314.90 324.06 357.19 324.55 346.07

Competitive Comparison of Capital Futures's EBIT

For the Capital Markets subindustry, Capital Futures'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 Futures's EV-to-EBIT Distribution in the Capital Markets Industry

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

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



Capital Futures 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$1,352 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 Futures  (TPE:6024) EBIT Explanation

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

Capital Futures's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-91.004 * ( 1 - 19.77% )/( (42501.361 + 48733.303)/ 2 )
=-73.0125092/45617.332
=-0.16 %

where

Invested Capital(Q: Dec. 2023 )
=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))
=49340.093 - 507.548 - ( 6678.027 - max(0, 42077.086 - 48408.27+6678.027))
=42501.361

Invested Capital(Q: Mar. 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))
=56097.469 - 672.597 - ( 6895.34 - max(0, 48516.936 - 55208.505+6895.34))
=48733.303

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

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

Capital Futures's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1384.296/( ( (224.157 + max(-427.10300000001, 0)) + (208.822 + max(-525.67200000001, 0)) )/ 2 )
=1384.296/( ( 224.157 + 208.822 )/ 2 )
=1384.296/216.4895
=639.43 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(44.695 + 0 + 41572.186) - (507.548 + 0 + 41536.436)
=-427.10300000001

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(237.912 + 0 + 47720.917) - (672.597 + 0 + 47811.904)
=-525.67200000001

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1351.869/5960.338
=22.68 %

* 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 Futures EBIT Related Terms

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Capital Futures (TPE:6024) Business Description

Traded in Other Exchanges
N/A
Address
No. 97, Tun Hwa South Road, 32nd and B1 Floor, Section 2, Daan District, Taipei, TWN, 10682
Capital Futures Corp is a financial services company. It operates in a single reporting segment: the Brokerage segment and mainly involves in the futures brokerage business. It also offers futures advisory business, futures management business, Lever Exchange agency, securities investment consulting, management consulting and information software service, securities business, proprietary trading, and others.

Capital Futures (TPE:6024) Headlines

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