Merry Electronics Co (TPE:2439) EBIT : NT$2,443 Mil (TTM As of Mar. 2024)

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What is Merry Electronics Co EBIT?

Merry Electronics Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$555 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$2,443 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Merry Electronics Co's annualized ROC % for the quarter that ended in Mar. 2024 was 3.29%. Merry Electronics Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 41.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Merry Electronics Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.39%.

Merry Electronics Co EBIT Historical Data

The historical data trend for Merry Electronics 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.

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Merry Electronics Co EBIT Chart

Merry Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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3,327.52

1,763.52

1,666.50

2,154.66

1,985.99

Merry Electronics 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															97.98	523.06	638.03	726.92	555.21

Competitive Comparison of Merry Electronics Co's EBIT

For the Consumer Electronics subindustry, Merry Electronics 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.

Merry Electronics Co's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Merry Electronics Co's EV-to-EBIT distribution charts can be found below:

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

Merry Electronics 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$2,443 Mil.

Merry Electronics Co (TPE:2439) EBIT Explanation

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

Merry Electronics 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 )
=	729.196 * ( 1 - 22.52% )	/	( (17289.128	+	17055.234)	/ 2 )
=	564.9810608	/	17172.181
=	3.29 %

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	))
=	32611.193	-	10457.558	-	( 6701.726	-	max(0, 15852.039	-	20716.546	+	6701.726	))
=	17289.128

	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	))
=	34103.142	-	12048.629	-	( 9607.706	-	max(0, 17493.712	-	22492.991	+	9607.706	))
=	17055.234

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

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

Merry Electronics 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 )
=	2220.848	/	( ( (4269.089 + max(2381.544, 0))	+	(4158.965 + max(-881.653, 0)) )	/	2 )
=	2220.848	/	( ( 6650.633	+	4158.965 )	/	2 )
=	2220.848	/	5404.799
=	41.09 %

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)
=	(9380.288	+	3821.32	+	470.436)	-	(10457.558	+	0	+	832.942)
=	2381.544

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7087.296	+	4491.405	+	489.47)	-	(12048.629	+	0	+	901.195)
=	-881.653

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:

Merry Electronics Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	2443.222	/	23521.568
	=	10.39 %

Merry Electronics Co EBIT Related Terms

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Merry Electronics Co (TPE:2439) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Merry Electronics Co Ltd (TPE:2439) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 22, 23 Road, Taichung Industrial Park, Nantun District, Taichung, TWN, 408213

Website

https://www.merry.com.tw

Merry Electronics Co Ltd is a Taiwan-based company that is engaged in producing and selling products including headsets, speakers, microphones, batteries, and personal sound amplifiers. The company's products are applied to a series of business areas, including mobile devices, audio visual devices, computer peripherals, consumer electronics, and healthcare. The company has service sites located around the world, including in Asia and the Americas.

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