Forest Water Environmental Eng'g Co (TPE:8473) EBIT : NT$620 Mil (TTM As of Mar. 2024)

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What is Forest Water Environmental Eng'g Co EBIT?

Forest Water Environmental Eng'g Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was NT$254 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was NT$620 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Forest Water Environmental Eng'g Co's annualized ROC % for the quarter that ended in Mar. 2024 was 5.45%. Forest Water Environmental Eng'g Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 97.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Forest Water Environmental Eng'g Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.66%.

Forest Water Environmental Eng'g Co EBIT Historical Data

The historical data trend for Forest Water Environmental Eng'g 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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Forest Water Environmental Eng'g Co EBIT Chart

Forest Water Environmental Eng'g Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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691.84

532.33

655.57

12.78

452.56

Forest Water Environmental Eng'g 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															86.48	100.79	121.93	143.37	254.15

Competitive Comparison of Forest Water Environmental Eng'g Co's EBIT

For the Waste Management subindustry, Forest Water Environmental Eng'g 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.

Forest Water Environmental Eng'g Co's EV-to-EBIT Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Forest Water Environmental Eng'g Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Forest Water Environmental Eng'g Co's EV-to-EBIT falls into.

Forest Water Environmental Eng'g 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$620 Mil.

Forest Water Environmental Eng'g Co (TPE:8473) EBIT Explanation

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

Forest Water Environmental Eng'g 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 )
=	987.432 * ( 1 - 21.5% )	/	( (14520.525	+	13905.742)	/ 2 )
=	775.13412	/	14213.1335
=	5.45 %

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	))
=	15435.915	-	1266.593	-	( 2749.459	-	max(0, 5601.236	-	5250.033	+	2749.459	))
=	14520.525

	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	))
=	15192.578	-	956.301	-	( 2387.313	-	max(0, 5022.924	-	5353.459	+	2387.313	))
=	13905.742

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

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

Forest Water Environmental Eng'g 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 )
=	1016.604	/	( ( (690.713 + max(185.238, 0))	+	(369.94 + max(838.093, 0)) )	/	2 )
=	1016.604	/	( ( 875.951	+	1208.033 )	/	2 )
=	1016.604	/	1041.992
=	97.56 %

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)
=	(1579.65	+	0	+	227.577)	-	(1266.593	+	0	+	355.396)
=	185.238

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1595.184	+	0	+	563.615)	-	(956.301	+	0	+	364.405)
=	838.093

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:

Forest Water Environmental Eng'g Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	620.235	/	9310.579
	=	6.66 %

Forest Water Environmental Eng'g Co EBIT Related Terms

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Forest Water Environmental Eng'g Co (TPE:8473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Forest Water Environmental Eng'g Co Ltd (TPE:8473) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

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Address

Number 99 Jilin Road, 3rd Floor, Zhongshan District, Taipei, TWN

Website

https://www.mfw.com.tw

Forest Water Environmental Eng'g Co Ltd is engaged in desalination engineering, wastewater recycling & reuse and water purification process, and sewage treatment. It also provides the construction of a water purification plant, the construction of a sewage treatment plant in the scientific industrial park, and the construction of a sewage treatment plant.

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