Chung-Hsin Electric & Machinery Mfg (TPE:1513) EBIT : NT$2,885 Mil (TTM As of Mar. 2024)

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What is Chung-Hsin Electric & Machinery Mfg EBIT?

Chung-Hsin Electric & Machinery Mfg's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$1,252 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$2,885 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chung-Hsin Electric & Machinery Mfg's annualized ROC % for the quarter that ended in Mar. 2024 was 10.66%. Chung-Hsin Electric & Machinery Mfg's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 25.33%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Chung-Hsin Electric & Machinery Mfg's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.16%.

Chung-Hsin Electric & Machinery Mfg EBIT Historical Data

The historical data trend for Chung-Hsin Electric & Machinery Mfg'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.

Chung-Hsin Electric & Machinery Mfg EBIT Chart

Chung-Hsin Electric & Machinery Mfg Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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842.35

1,876.39

2,566.05

3,328.26

2,664.42

Chung-Hsin Electric & Machinery Mfg 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															1,031.33	-353.58	948.98	1,037.69	1,251.63

Competitive Comparison of Chung-Hsin Electric & Machinery Mfg's EBIT

For the Specialty Industrial Machinery subindustry, Chung-Hsin Electric & Machinery Mfg'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.

Chung-Hsin Electric & Machinery Mfg's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chung-Hsin Electric & Machinery Mfg's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Chung-Hsin Electric & Machinery Mfg's EV-to-EBIT falls into.

Chung-Hsin Electric & Machinery Mfg 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$2,885 Mil.

Chung-Hsin Electric & Machinery Mfg (TPE:1513) EBIT Explanation

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

Chung-Hsin Electric & Machinery Mfg'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 )
=	4911.5 * ( 1 - 20.41% )	/	( (35213.267	+	38125.807)	/ 2 )
=	3909.06285	/	36669.537
=	10.66 %

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	))
=	44170.561	-	5175.756	-	( 3781.538	-	max(0, 15435.127	-	19453.681	+	3781.538	))
=	35213.267

	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	))
=	46624.594	-	5090.856	-	( 3407.931	-	max(0, 13804.877	-	20096.555	+	3407.931	))
=	38125.807

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

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

Chung-Hsin Electric & Machinery Mfg'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 )
=	5006.532	/	( ( (18711.823 + max(-852.583, 0))	+	(18805.258 + max(2016.914, 0)) )	/	2 )
=	5006.532	/	( ( 18711.823	+	20822.172 )	/	2 )
=	5006.532	/	19766.9975
=	25.33 %

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)
=	(1846.195	+	8785.673	+	1345.792)	-	(5175.756	+	0	+	7654.487)
=	-852.583

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2415.189	+	8946.893	+	1297.756)	-	(5090.856	+	0	+	5552.068)
=	2016.914

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:

Chung-Hsin Electric & Machinery Mfg's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	2884.722	/	91359.841
	=	3.16 %

Chung-Hsin Electric & Machinery Mfg EBIT Related Terms

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Chung-Hsin Electric & Machinery Mfg (TPE:1513) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chung-Hsin Electric & Machinery Mfg Corp (TPE:1513) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25, Wen-Te Road, Lo Shan Tsun, Guishan District, Taoyuan, TWN, 33383

Website

https://www.chem.com.tw

Chung-Hsin Electric & Machinery Mfg Corp is a manufacturer of power generation machinery and equipment and its related parts, air-conditioners, dehumidifiers, and meters. The company's products include chillers, generator sets, high voltage circuit breakers, smart grid electric power automation equipment, customized fuel cell systems, methanol reformers, handheld document terminals, industrial computers and parking facilities, among others. Its operating segments include Electricity Power; Service and Engineering and other. The company generates maximum revenue from the Electricity Power segment.

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