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Yang Ming Marine Transport (TPE:2609) EBIT : NT$21,057 Mil (TTM As of Mar. 2024)


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What is Yang Ming Marine Transport EBIT?

Yang Ming Marine Transport's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$12,098 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$21,057 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Yang Ming Marine Transport's annualized ROC % for the quarter that ended in Mar. 2024 was 13.18%. Yang Ming Marine Transport's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 32.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Yang Ming Marine Transport's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 21.59%.


Yang Ming Marine Transport EBIT Historical Data

The historical data trend for Yang Ming Marine Transport'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.

Yang Ming Marine Transport EBIT Chart

Yang Ming Marine Transport 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 395.14 19,710.34 204,949.35 236,018.51 13,814.44

Yang Ming Marine Transport 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 4,855.33 6,767.67 3,970.18 -1,778.74 12,097.52

Competitive Comparison of Yang Ming Marine Transport's EBIT

For the Marine Shipping subindustry, Yang Ming Marine Transport'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.


Yang Ming Marine Transport's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Yang Ming Marine Transport's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Yang Ming Marine Transport's EV-to-EBIT falls into.



Yang Ming Marine Transport 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$21,057 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.


Yang Ming Marine Transport  (TPE:2609) EBIT Explanation

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

Yang Ming Marine Transport'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 )
=31630.708 * ( 1 - 18.69% )/( (196045.289 + 194188.22)/ 2 )
=25718.9286748/195116.7545
=13.18 %

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))
=392610.553 - 30511.181 - ( 185225.062 - max(0, 52647.36 - 218701.443+185225.062))
=196045.289

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))
=403337.182 - 29347.469 - ( 191197.237 - max(0, 48885.712 - 228687.205+191197.237))
=194188.22

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

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

Yang Ming Marine Transport'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 )
=48390.08/( ( (150870.067 + max(-10409.285, 0)) + (147988.085 + max(-3186.673, 0)) )/ 2 )
=48390.08/( ( 150870.067 + 147988.085 )/ 2 )
=48390.08/149429.076
=32.38 %

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)
=(6364.945 + 4535.017 + 21005.037) - (30511.181 + 0 + 11803.103)
=-10409.285

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9916.17 + 4684.522 + 20858.867) - (29347.469 + 0 + 9298.763)
=-3186.673

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:

Yang Ming Marine Transport's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=21056.632/97516.171
=21.59 %

* 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.


Yang Ming Marine Transport EBIT Related Terms

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Yang Ming Marine Transport (TPE:2609) Business Description

Traded in Other Exchanges
N/A
Address
No. 271, Ming De 1st Road, Qidu District, Keelung, TWN, 206
Yang Ming Marine Transport Corp is a transportation and logistics company that is headquartered in Taiwan and operates in the container shipping industry. The company has three segments: containership, bulk shipping, and others. It generates revenue from contracts with customers for providing domestic and overseas marine container shipping and passenger services. The company also earns revenue from operating leases on ships, containers, and warehouses. It earns the largest portion of its sales from customers in America, followed by Europe and Asia.

Yang Ming Marine Transport (TPE:2609) Headlines

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