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Tainan Enterprises Co (TPE:1473) EBIT : NT$528 Mil (TTM As of Mar. 2024)


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What is Tainan Enterprises Co EBIT?

Tainan Enterprises Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$246 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$528 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tainan Enterprises Co's annualized ROC % for the quarter that ended in Mar. 2024 was 16.01%. Tainan Enterprises Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 33.63%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tainan Enterprises Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.52%.


Tainan Enterprises Co EBIT Historical Data

The historical data trend for Tainan Enterprises 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.

Tainan Enterprises Co EBIT Chart

Tainan Enterprises 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 108.95 -356.56 -114.22 367.99 376.76

Tainan Enterprises 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 94.54 78.74 148.18 55.30 245.76

Competitive Comparison of Tainan Enterprises Co's EBIT

For the Apparel Manufacturing subindustry, Tainan Enterprises 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.


Tainan Enterprises Co's EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Tainan Enterprises Co's EV-to-EBIT falls into.



Tainan Enterprises 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$528 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.


Tainan Enterprises Co  (TPE:1473) EBIT Explanation

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

Tainan Enterprises 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 )
=720.736 * ( 1 - 11.37% )/( (3725.946 + 4255.565)/ 2 )
=638.7883168/3990.7555
=16.01 %

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))
=5434.361 - 886.477 - ( 821.938 - max(0, 1537.325 - 3348.302+821.938))
=3725.946

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))
=5868.052 - 769.442 - ( 843.045 - max(0, 1665.314 - 3595.13+843.045))
=4255.565

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

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

Tainan Enterprises 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 )
=983.02/( ( (1170.277 + max(1578.622, 0)) + (1179.775 + max(1917.451, 0)) )/ 2 )
=983.02/( ( 2748.899 + 3097.226 )/ 2 )
=983.02/2923.0625
=33.63 %

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)
=(1186.664 + 1203.643 + 79.689) - (886.477 + 0 + 4.8970000000002)
=1578.622

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1754.076 + 837.475 + 98.27) - (769.442 + 0 + 2.9280000000001)
=1917.451

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:

Tainan Enterprises Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=527.972/8098.579
=6.52 %

* 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.


Tainan Enterprises Co EBIT Related Terms

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Tainan Enterprises Co (TPE:1473) Business Description

Traded in Other Exchanges
N/A
Address
No.15-1, Han-Chou South Road, Sec.1, Taipei, TWN
Tainan Enterprises Co Ltd engages in the manufacturing, retail and export of various kinds of apparels (including woven and knitted garments) in Taiwan. It is principally involved in the manufacturing of all kinds of clothes. Its products include pants, shirts, dresses, skirts, jackets, vests, and coats. It provides its products under agent brands, such as Camel Active and New man, as well as its own brands, including Tony Jeans, TW Design, Emely Sweetie and others. Geographically the company distributes its services in Taiwan and the United States.

Tainan Enterprises Co (TPE:1473) Headlines

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