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Morn Sun Feed Mill Co (ROCO:1240) EBIT : NT$210 Mil (TTM As of Mar. 2024)


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What is Morn Sun Feed Mill Co EBIT?

Morn Sun Feed Mill Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$46 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$210 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Morn Sun Feed Mill Co's annualized ROC % for the quarter that ended in Mar. 2024 was 6.34%. Morn Sun Feed Mill Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 25.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Morn Sun Feed Mill Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.22%.


Morn Sun Feed Mill Co EBIT Historical Data

The historical data trend for Morn Sun Feed Mill 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.

Morn Sun Feed Mill Co EBIT Chart

Morn Sun Feed Mill 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 170.08 190.46 143.85 1.48 182.06

Morn Sun Feed Mill 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 17.40 45.93 57.84 60.90 45.54

Competitive Comparison of Morn Sun Feed Mill Co's EBIT

For the Farm Products subindustry, Morn Sun Feed Mill 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.


Morn Sun Feed Mill Co's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Morn Sun Feed Mill Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Morn Sun Feed Mill Co's EV-to-EBIT falls into.



Morn Sun Feed Mill 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$210 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.


Morn Sun Feed Mill Co  (ROCO:1240) EBIT Explanation

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

Morn Sun Feed Mill 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 )
=118.016 * ( 1 - 22.12% )/( (1433.885 + 1466.657)/ 2 )
=91.9108608/1450.271
=6.34 %

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))
=2183.403 - 335.946 - ( 413.572 - max(0, 737.041 - 1250.539+413.572))
=1433.885

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))
=2235.053 - 314.223 - ( 454.173 - max(0, 710.75 - 1292.127+454.173))
=1466.657

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

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

Morn Sun Feed Mill 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 )
=182.172/( ( (431.518 + max(287.859, 0)) + (435.76 + max(294.405, 0)) )/ 2 )
=182.172/( ( 719.377 + 730.165 )/ 2 )
=182.172/724.771
=25.14 %

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)
=(329.582 + 291.31 + 4.3819999999998) - (335.946 + 0 + 1.4690000000001)
=287.859

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(300.323 + 304.119 + 5.8689999999999) - (314.223 + 0 + 1.683)
=294.405

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:

Morn Sun Feed Mill Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=210.209/2057.294
=10.22 %

* 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.


Morn Sun Feed Mill Co EBIT Related Terms

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Morn Sun Feed Mill Co (ROCO:1240) Business Description

Traded in Other Exchanges
N/A
Address
No. 30, Heping West Road, 2nd Floor, Zhongzheng District, Taipei, TWN
Morn Sun Feed Mill Co Ltd is engaged in the manufacture and processing and the sale of feed and raw materials for poultry and animal husbandry. It also generates revenue from warehouse rental income and sales of breeding pigs.

Morn Sun Feed Mill Co (ROCO:1240) Headlines

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