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104 (TPE:3130) EBIT : NT$551 Mil (TTM As of Mar. 2024)


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What is 104 EBIT?

104's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$109 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$551 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. 104's annualized ROC % for the quarter that ended in Mar. 2024 was 21.05%. 104's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 109.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. 104's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.64%.


104 EBIT Historical Data

The historical data trend for 104'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.

104 EBIT Chart

104 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 337.50 303.60 407.99 524.61 551.48

104 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 109.59 153.87 182.56 105.46 109.30

Competitive Comparison of 104's EBIT

For the Staffing & Employment Services subindustry, 104'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.


104's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, 104's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where 104's EV-to-EBIT falls into.



104 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$551 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.


104  (TPE:3130) EBIT Explanation

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

104'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 )
=411.652 * ( 1 - 17.05% )/( (1584.679 + 1659.123)/ 2 )
=341.465334/1621.901
=21.05 %

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))
=3527.583 - 663.843 - ( 2899.604 - max(0, 1752.049 - 3031.11+2899.604))
=1584.679

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))
=3539.075 - 522.188 - ( 2896.604 - max(0, 1682.317 - 3040.081+2896.604))
=1659.123

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

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

104'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 )
=437.212/( ( (404.092 + max(-1589.881, 0)) + (396.446 + max(-1510.907, 0)) )/ 2 )
=437.212/( ( 404.092 + 396.446 )/ 2 )
=437.212/400.269
=109.23 %

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)
=(67.459 + 0 + 51.917) - (663.843 + 0 + 1045.414)
=-1589.881

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(79.315 + 0 + 49.657) - (522.188 + 0 + 1117.691)
=-1510.907

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:

104's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=551.199/5178.445
=10.64 %

* 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.


104 EBIT Related Terms

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104 (TPE:3130) Business Description

Traded in Other Exchanges
N/A
Address
No. 119-1, Baozhong Road, 10th Floor, Xindian District, New Taipei City, Taipei, TWN, 231
104 Corp is engaged in providing online recruitment services. The company through its website provides recruitment advertisements, business advertisements, senior executives hunting services, human resource management software, and others. Geographically, it derives a majority of its revenue from Taiwan.

104 (TPE:3130) Headlines

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