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Victory New Materials Co (TPE:1340) EBIT : NT$-876.8 Mil (TTM As of Mar. 2024)


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What is Victory New Materials Co EBIT?

Victory New Materials Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$-100.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-876.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Victory New Materials Co's annualized ROC % for the quarter that ended in Mar. 2024 was -13.68%. Victory New Materials Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -41.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Victory New Materials Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -103.63%.


Victory New Materials Co EBIT Historical Data

The historical data trend for Victory New Materials 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.

Victory New Materials Co EBIT Chart

Victory New Materials Co 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 -430.30 -391.75 -514.66 -426.09 -863.66

Victory New Materials Co 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 -87.61 -96.90 -103.88 -575.27 -100.77

Competitive Comparison of Victory New Materials Co's EBIT

For the Footwear & Accessories subindustry, Victory New Materials 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.


Victory New Materials Co's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Victory New Materials Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Victory New Materials Co's EV-to-EBIT falls into.



Victory New Materials 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-876.8 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.


Victory New Materials Co  (TPE:1340) EBIT Explanation

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

Victory New Materials Co'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 )
=-410.452 * ( 1 - 0.82% )/( (2949.775 + 3001.038)/ 2 )
=-407.0862936/2975.4065
=-13.68 %

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))
=4097.898 - 161.208 - ( 986.915 - max(0, 177.168 - 1340.211+986.915))
=2949.775

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))
=4059.983 - 110.555 - ( 948.39 - max(0, 135.933 - 1270.602+948.39))
=3001.038

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

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

Victory New Materials Co'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 )
=-403.06/( ( (764.723 + max(192.088, 0)) + (773.481 + max(203.747, 0)) )/ 2 )
=-403.06/( ( 956.811 + 977.228 )/ 2 )
=-403.06/967.0195
=-41.68 %

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)
=(95.251 + 20.28 + 237.765) - (161.208 + 0 + 0)
=192.088

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(45.148 + 24.687 + 252.377) - (110.555 + 0 + 7.91)
=203.747

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:

Victory New Materials Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-876.81/846.104
=-103.63 %

* 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.


Victory New Materials Co EBIT Related Terms

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Victory New Materials Co (TPE:1340) Business Description

Traded in Other Exchanges
N/A
Address
Lianyu Industrial Zone, Qingyang, Fujian Province, Jinjiang, CHN
Victory New Materials Ltd Co engages in the research and development, manufacture, and sale of new polymer materials used in sports shoe soles and sole materials. Its products include rubber sole, monochrome soles, two-color dual hardness soles, and color dual-density soles. The company also provides rubber foam soles and EVO granules, as well as finished shoes. It generates maximum revenue from a single color and RB soles product.

Victory New Materials Co (TPE:1340) Headlines

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