GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chang Wah Electronmaterials Inc (TPE:8070) » Definitions » EBIT

Chang Wah Electronmaterials (TPE:8070) EBIT : NT$3,098 Mil (TTM As of Mar. 2024)


View and export this data going back to 2007. Start your Free Trial

What is Chang Wah Electronmaterials EBIT?

Chang Wah Electronmaterials's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$736 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$3,098 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chang Wah Electronmaterials's annualized ROC % for the quarter that ended in Mar. 2024 was 4.61%. Chang Wah Electronmaterials's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 58.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Chang Wah Electronmaterials's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.34%.


Chang Wah Electronmaterials EBIT Historical Data

The historical data trend for Chang Wah Electronmaterials'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.

Chang Wah Electronmaterials EBIT Chart

Chang Wah Electronmaterials 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 1,826.36 1,696.31 3,176.73 4,614.76 2,879.48

Chang Wah Electronmaterials 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 517.99 1,026.77 974.64 360.08 736.08

Competitive Comparison of Chang Wah Electronmaterials's EBIT

For the Electronics & Computer Distribution subindustry, Chang Wah Electronmaterials'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.


Chang Wah Electronmaterials's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Chang Wah Electronmaterials's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Chang Wah Electronmaterials's EV-to-EBIT falls into.



Chang Wah Electronmaterials 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$3,098 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.


Chang Wah Electronmaterials  (TPE:8070) EBIT Explanation

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

Chang Wah Electronmaterials'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 )
=1525.6 * ( 1 - 20.49% )/( (26243.951 + 26380.085)/ 2 )
=1213.00456/26312.018
=4.61 %

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))
=36266.176 - 4296.76 - ( 9939.012 - max(0, 9936.473 - 15661.938+9939.012))
=26243.951

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))
=38573.024 - 5291.316 - ( 10503.734 - max(0, 9393.79 - 16295.413+10503.734))
=26380.085

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

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

Chang Wah Electronmaterials'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 )
=2944.328/( ( (4602.32 + max(820.936, 0)) + (4657.235 + max(-229.876, 0)) )/ 2 )
=2944.328/( ( 5423.256 + 4657.235 )/ 2 )
=2944.328/5040.2455
=58.42 %

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)
=(3324.626 + 2134.754 + 142.562) - (4296.76 + 0 + 484.246)
=820.936

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3343.963 + 2028.144 + 147.933) - (5291.316 + 0 + 458.6)
=-229.876

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:

Chang Wah Electronmaterials's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=3097.575/33171.247
=9.34 %

* 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.


Chang Wah Electronmaterials EBIT Related Terms

Thank you for viewing the detailed overview of Chang Wah Electronmaterials's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Chang Wah Electronmaterials (TPE:8070) Business Description

Traded in Other Exchanges
N/A
Address
No. 16, East 7th Street, 6th Floor, Nanzi District, Kaohsiung, TWN, 811
Chang Wah Electronmaterials Inc. is a Taiwan-based company engaged in distributing materials and equipment for integrated circuit (IC) packaging. It offers products such as IC packaging materials and devices including sealant resins, conductive adhesives, non-conductive adhesives, lead frames, auto molding equipment, as well as trim and form equipment, and TFT-LCD materials, including chip on film (COF) substrates, light guide plates and optical films, as well as LED lead frames and solar power systems. Its segment includes The Corporation; CWTC and its subsidiaries and others. Geographically, it derives a majority of its revenue from Asia.

Chang Wah Electronmaterials (TPE:8070) Headlines

No Headlines