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Hiwin Mikrosystem (TPE:4576) EBIT : NT$18 Mil (TTM As of Mar. 2024)


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What is Hiwin Mikrosystem EBIT?

Hiwin Mikrosystem's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$-15 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$18 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hiwin Mikrosystem's annualized ROC % for the quarter that ended in Mar. 2024 was -3.51%. Hiwin Mikrosystem's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hiwin Mikrosystem's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.18%.


Hiwin Mikrosystem EBIT Historical Data

The historical data trend for Hiwin Mikrosystem'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.

Hiwin Mikrosystem EBIT Chart

Hiwin Mikrosystem Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 61.62 185.92 392.69 483.84 56.37

Hiwin Mikrosystem 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 22.89 -4.27 37.76 -0.02 -15.37

Competitive Comparison of Hiwin Mikrosystem's EBIT

For the Electrical Equipment & Parts subindustry, Hiwin Mikrosystem'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.


Hiwin Mikrosystem's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hiwin Mikrosystem's EV-to-EBIT distribution charts can be found below:

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



Hiwin Mikrosystem 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$18 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.


Hiwin Mikrosystem  (TPE:4576) EBIT Explanation

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

Hiwin Mikrosystem'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 )
=-211.396 * ( 1 - 22.55% )/( (4597.244 + 4732.538)/ 2 )
=-163.726202/4664.891
=-3.51 %

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))
=6158.501 - 915.082 - ( 646.175 - max(0, 1201.568 - 2239.513+646.175))
=4597.244

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))
=6112.638 - 826.154 - ( 553.946 - max(0, 1192.025 - 2011.12+553.946))
=4732.538

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

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

Hiwin Mikrosystem'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 )
=-61.484/( ( (3574.855 + max(589.713, 0)) + (3728.731 + max(575.344, 0)) )/ 2 )
=-61.484/( ( 4164.568 + 4304.075 )/ 2 )
=-61.484/4234.3215
=-1.45 %

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)
=(440.372 + 1056.306 + 50.302) - (915.082 + 0 + 42.185)
=589.713

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(363.091 + 991.65 + 89.386) - (826.154 + 0 + 42.629)
=575.344

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=18.108/10169.198
=0.18 %

* 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.


Hiwin Mikrosystem EBIT Related Terms

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Hiwin Mikrosystem (TPE:4576) Business Description

Traded in Other Exchanges
N/A
Address
No.6, Jingke Central Road, Chuen She Village, Nantun District, Taichung, TWN
Hiwin Mikrosystem Corp is engaged in manufactures, repairs and sells a variety of motors, drives and automation systems. Its product offerings include ballscrews, rolled ballscrews, precision linear guideways, rotary motor, single axis motor, among other. Its products can be applied in semiconductor equipment, optical component manufacturing equipment, automation equipment, Medicare and healthcare equipment, rehabilitation equipment, and transportation.

Hiwin Mikrosystem (TPE:4576) Headlines

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