Oriental Union Chemical (TPE:1710) EBIT : NT$-457 Mil (TTM As of Mar. 2024)

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What is Oriental Union Chemical EBIT?

Oriental Union Chemical's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$-11 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-457 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Oriental Union Chemical's annualized ROC % for the quarter that ended in Mar. 2024 was -0.16%. Oriental Union Chemical's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Oriental Union Chemical's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1.61%.

Oriental Union Chemical EBIT Historical Data

The historical data trend for Oriental Union Chemical'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.

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Oriental Union Chemical EBIT Chart

Oriental Union Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-320.23

-940.26

1,635.09

-468.21

179.01

Oriental Union Chemical 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															624.69	-93.37	-186.63	-165.69	-10.82

Competitive Comparison of Oriental Union Chemical's EBIT

For the Chemicals subindustry, Oriental Union Chemical'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.

Oriental Union Chemical's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Oriental Union Chemical's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Oriental Union Chemical's EV-to-EBIT falls into.

Oriental Union Chemical 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$-457 Mil.

Oriental Union Chemical (TPE:1710) EBIT Explanation

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

Oriental Union Chemical'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 )
=	-102.084 * ( 1 - 46.84% )	/	( (34105.921	+	34165.351)	/ 2 )
=	-54.2678544	/	34135.636
=	-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	))
=	33014.331	-	1876.432	-	( 1983.611	-	max(0, 8624.01	-	5655.988	+	1983.611	))
=	34105.921

	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	))
=	32616.435	-	1377.845	-	( 1719.975	-	max(0, 8197.585	-	5270.824	+	1719.975	))
=	34165.351

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

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

Oriental Union Chemical'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 )
=	-43.292	/	( ( (14868.787 + max(858.954, 0))	+	(15146.789 + max(1225.059, 0)) )	/	2 )
=	-43.292	/	( ( 15727.741	+	16371.848 )	/	2 )
=	-43.292	/	16049.7945
=	-0.27 %

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)
=	(991.891	+	1397.18	+	608.67)	-	(1876.432	+	0	+	262.355)
=	858.954

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(965.075	+	1439.957	+	544.798)	-	(1377.845	+	0	+	346.926)
=	1225.059

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:

Oriental Union Chemical's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-456.504	/	28365.921
	=	-1.61 %

Oriental Union Chemical EBIT Related Terms

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Oriental Union Chemical (TPE:1710) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Oriental Union Chemical Corp (TPE:1710) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 101, Fu-Hsing North Road, 13th Floor, Taipei, TWN, 105

Website

https://www.oucc.com.tw

Oriental Union Chemical Corp is a Taiwan-based manufacturer and distributor of chemicals and plastic products. The firm is organized in four main segments: ethylene glycols, special chemicals, gas, and investment and other. The ethylene glycols segment, which generates the majority of the firm's revenue, sells chemicals used in the production of polyester, antifreeze, brake fluid, and plastic food and beverage containers. The special chemicals segment sells chemicals used in the production of textiles, personal care products, leather products, rubber, and construction and building materials. The gas segment sells oxygen, nitrogen, and argon. The vast majority of the company's revenue comes from Asia.

Oriental Union Chemical (TPE:1710) Headlines

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