Cash flow Eclat Textile Co., Ltd.

Equities

1476

TW0001476000

Apparel & Accessories

End-of-day quote Taiwan S.E. Other stock markets 2025-01-22			5-day change	1st Jan Change
530.00 ^TWD	-0.75%		0.00%	+4.13%

Nov. 07	Eclat Textile Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024	CI
Aug. 07	Eclat Textile Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI

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Published financial data: ECLAT TEXTILE CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	28.13B	28.18B	35.92B	39.74B	30.79B
Total Revenues	28.13B	28.18B	35.92B	39.74B	30.79B
Cost of Goods Sold, Total	20.01B	20.1B	26.43B	28.67B	21.11B
Gross Profit	8.11B	8.08B	9.49B	11.07B	9.68B
Selling General & Admin Expenses, Total	2.5B	2.44B	2.93B	3.17B	2.98B
R&D Expenses	145M	147M	163M	160M	153M
Other Operating Expenses, Total	2.64B	2.58B	3.09B	3.33B	3.13B
Operating Income	5.47B	5.5B	6.4B	7.74B	6.55B
Interest Expense, Total	-63.06M	-33.92M	-22.9M	-68.42M	-117M
Interest And Investment Income	26.98M	30M	21.38M	45.48M	116M
Net Interest Expenses	-36.08M	-3.92M	-1.52M	-22.94M	-1.69M
Income (Loss) On Equity Invest.	-4.56M	-6.56M	-2.11M	-	-
Currency Exchange Gains (Loss)	-17.66M	-197M	-84.47M	805M	54.43M
Other Non Operating Income (Expenses)	15.84M	33.04M	73.12M	22.67M	63.98M
EBT, Excl. Unusual Items	5.43B	5.32B	6.38B	8.54B	6.67B
Gain (Loss) On Sale Of Investments	217K	-	-	-	-
Gain (Loss) On Sale Of Assets	-6.53M	1.74M	2.27M	-883K	10.02M
EBT, Incl. Unusual Items	5.42B	5.32B	6.39B	8.54B	6.68B
Income Tax Expense	1.12B	1.07B	1.24B	1.75B	1.5B
Earnings From Continuing Operations	4.3B	4.25B	5.15B	6.79B	5.18B
Earnings Of Discontinued Operations	-3.79M	-92K	-	-	-
Net Income to Company	4.3B	4.25B	5.15B	6.79B	5.18B
Minority Interest	-	-	-	-	-
Net Income - (IS)	4.3B	4.25B	5.15B	6.79B	5.18B
Net Income to Common Incl Extra Items	4.3B	4.25B	5.15B	6.79B	5.18B
Net Income to Common Excl. Extra Items	4.3B	4.25B	5.15B	6.79B	5.18B
Per Share Items
Net EPS - Basic	15.67	15.51	18.77	24.75	18.87
Basic EPS - Continuing Operations	15.68	15.51	18.77	24.75	18.87
Basic Weighted Average Shares Outstanding	274M	274M	274M	274M	274M
Net EPS - Diluted	15.67	15.51	18.76	24.75	18.87
Diluted EPS - Continuing Operations	15.68	15.51	18.76	24.75	18.87
Diluted Weighted Average Shares Outstanding	274M	274M	274M	274M	274M
Normalized Basic EPS	12.37	12.12	14.54	19.46	15.18
Normalized Diluted EPS	12.36	12.12	14.54	19.46	15.18
Dividend Per Share	11	11	12	17	13.5
Payout Ratio	70.2	70.94	58.62	48.49	90.1
Supplemental Items
EBITDA	6.28B	6.17B	6.99B	8.5B	7.4B
EBITA	5.49B	5.52B	6.42B	7.76B	6.57B
EBIT	5.47B	5.5B	6.4B	7.74B	6.55B
EBITDAR	6.3B	6.19B	7.02B	8.53B	7.43B
Effective Tax Rate - (Ratio)	20.64	20.08	19.37	20.49	22.46
Total Current Taxes	1.13B	1.07B	1.24B	1.76B	1.51B
Total Deferred Taxes	-6.88M	1.83M	-6.15M	-6.19M	-13.7M
Normalized Net Income	3.39B	3.33B	3.99B	5.34B	4.17B
Interest on Long-Term Debt	2.28M	1.97M	1.86M	1.85M	1.79M
Non-Cash Pension Expense	8K	37K	-51K	-395K	-1.77M
Supplemental Operating Expense Items
Selling and Marketing Expenses	1.41B	1.38B	1.74B	1.7B	1.58B
General and Administrative Expenses	1.09B	1.06B	1.19B	1.47B	1.39B
Research And Development Expense From Footnotes	145M	147M	163M	160M	153M
Net Rental Expense, Total	19.39M	20.84M	29.34M	32.3M	27.45M
Imputed Operating Lease Interest Expense	5.95M	3.09M	2.36M	6.81M	13.25M
Imputed Operating Lease Depreciation	13.44M	17.75M	26.99M	25.5M	14.2M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	4.44B	4.02B	1.76B	6.02B	2.81B
Short Term Investments	-	-	-	3.3B	4.87B
Total Cash And Short Term Investments	4.44B	4.02B	1.76B	9.32B	7.68B
Accounts Receivable, Total	3.03B	5.12B	4.88B	3.8B	4.71B
Other Receivables	167M	247M	341M	287M	256M
Total Receivables	3.2B	5.37B	5.22B	4.09B	4.97B
Inventory	4.26B	5.2B	8.4B	4.7B	4.49B
Prepaid Expenses	44.12M	18.28M	20.54M	28.94M	35.96M
Other Current Assets, Total	202M	248M	429M	219M	222M
Total Current Assets	12.15B	14.86B	15.82B	18.36B	17.4B
Gross Property Plant And Equipment	16.84B	16.89B	18.88B	21.59B	20.9B
Accumulated Depreciation	-6.15B	-6.41B	-6.73B	-7.88B	-8.55B
Net Property Plant And Equipment	10.69B	10.47B	12.15B	13.71B	12.35B
Long-term Investments	8.94M	2.15M	-	-	-
Other Intangibles, Total	347M	23.28M	18.66M	19.47M	25.13M
Deferred Tax Assets Long-Term	54.08M	97.13M	131M	31.04M	47.37M
Other Long-Term Assets, Total	67.72M	993M	1.16B	1.25B	2.01B
Total Assets	23.32B	26.45B	29.28B	33.36B	31.83B
Liabilities
Accounts Payable, Total	1.71B	2.77B	2.59B	1.69B	1.67B
Accrued Expenses, Total	57.73M	66.47M	65.92M	68.67M	62.15M
Short-term Borrowings	1.57B	1.34B	1.35B	1.78B	624M
Current Portion of Long-Term Debt	-	-	96.67M	205M	563M
Current Portion of Leases	18.39M	18.15M	18.22M	21.99M	13.84M
Current Income Taxes Payable	596M	1.08B	1.25B	1.76B	1.56B
Other Current Liabilities	1.15B	1.35B	1.67B	2.05B	1.59B
Total Current Liabilities	5.11B	6.63B	7.03B	7.58B	6.08B
Long-Term Debt	-	580M	1.04B	563M	-
Long-Term Leases	68.95M	61.95M	62.85M	67.28M	55.76M
Pension & Other Post Retirement Benefits	5.13M	-	-	2.91M	5.7M
Deferred Tax Liability Non Current	12.22M	6.44M	-	6.91M	13.29M
Other Non Current Liabilities	2.54M	2.51M	2.79M	4.21M	6.44M
Total Liabilities	5.2B	7.28B	8.13B	8.22B	6.16B
Common Stock, Total	2.74B	2.74B	2.74B	2.74B	2.74B
Additional Paid In Capital	3.77B	3.77B	3.77B	3.77B	3.77B
Retained Earnings	11.7B	12.95B	15.07B	18.6B	19.12B
Comprehensive Income and Other	-89.04M	-292M	-429M	23.86M	39.53M
Total Common Equity	18.12B	19.17B	21.15B	25.14B	25.67B
Total Equity	18.12B	19.17B	21.15B	25.14B	25.67B
Total Liabilities And Equity	23.32B	26.45B	29.28B	33.36B	31.83B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	274M	274M	274M	274M	274M
ECS Total Common Shares Outstanding	274M	274M	274M	274M	274M
Book Value / Share	66.06	69.86	77.08	91.64	93.56
Tangible Book Value	17.78B	19.14B	21.13B	25.12B	25.65B
Tangible Book Value Per Share	64.79	69.78	77.02	91.57	93.47
Total Debt	1.66B	2B	2.56B	2.64B	1.26B
Net Debt	-2.78B	-2.02B	801M	-6.69B	-6.43B
Debt Equivalent of Unfunded Proj. Benefit Obligation	5.13M	-6.82M	-67.47M	-109M	-111M
Debt Equivalent Oper. Leases	155M	167M	235M	258M	220M
Equity Method Investments, Total	8.94M	2.15M	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	2.34B	2.91B	4.96B	2.54B	2.55B
Inventories - Work In Process, Total	1.1B	1.3B	1.86B	1.37B	1.1B
Inventories - Finished Goods, Total	205M	311M	493M	189M	210M
Inventories - Others	568M	678M	961M	528M	541M
Land - (BS)	4.82B	4.82B	4.82B	4.82B	4.17B
Buildings, Total	4.36B	4.22B	4.15B	9.09B	8.88B
Machinery, Total	6.53B	6.4B	6.56B	7.53B	7.72B
Accumulated Allowance for Doubtful Accounts (Supple)	24.09M	24.09M	24.09M	24.09M	24.09M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	4.3B	4.25B	5.15B	6.79B	5.18B
Depreciation & Amortization - CF	818M	682M	611M	775M	860M
Amortization of Goodwill and Intangible Assets - (CF)	21.08M	21.05M	21.46M	19.68M	21.75M
Depreciation & Amortization, Total	839M	703M	632M	794M	881M
(Gain) Loss From Sale Of Asset	6.53M	-1.74M	-2.27M	883K	-10.02M
(Gain) Loss on Sale of Investments - (CF)	-217K	-	-	-	-
(Income) Loss On Equity Investments - (CF)	4.56M	6.56M	2.11M	-	-
Stock-Based Compensation (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	-	-	-	-	-
Net Cash From Discontinued Operations	-3.79M	-92K	-	-	-
Other Operating Activities, Total	-157M	490M	152M	514M	-215M
Change in Trading Asset Securities	-	-	-	-	-
Change In Accounts Receivable	781M	-2.09B	241M	1.08B	-911M
Change In Inventories	44.87M	-979M	-3.07B	3.65B	223M
Change In Accounts Payable	95.47M	1.06B	-186M	-900M	-19.52M
Change in Other Net Operating Assets	-41.64M	452M	-136M	390M	-462M
Cash from Operations	5.87B	3.9B	2.78B	12.32B	4.66B
Capital Expenditure	-1.33B	-914M	-2.49B	-1.8B	-303M
Sale of Property, Plant, and Equipment	557K	10.98M	4.68M	321K	1.09M
Divestitures	-	-	-	-	-
Sale (Purchase) of Real Estate properties	-	-660M	-	-	-
Sale (Purchase) of Intangible assets	-8.77M	-16.02M	-6.83M	-8.9M	-14.88M
Investment in Marketable and Equity Securities, Total	12.46M	-	-	-3B	-1.57B
Other Investing Activities, Total	216K	-352K	-6.23M	-2.08M	46.52M
Cash from Investing	-1.32B	-1.58B	-2.5B	-4.81B	-1.84B
Short Term Debt Issued, Total	-	-	3.8M	431M	10M
Long-Term Debt Issued, Total	-	580M	554M	214M	-
Total Debt Issued	-	580M	557M	646M	10M
Short Term Debt Repaid, Total	-57.53M	-230M	-	-	-1.16B
Long-Term Debt Repaid, Total	-33.22M	-35.41M	-28.77M	-608M	-235M
Total Debt Repaid	-90.74M	-265M	-28.77M	-608M	-1.4B
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-3.02B	-3.02B	-3.02B	-3.29B	-4.66B
Common & Preferred Stock Dividends Paid	-3.02B	-3.02B	-3.02B	-3.29B	-4.66B
Other Financing Activities, Total	-4.96M	-30K	284K	1.41M	2.24M
Cash from Financing	-3.11B	-2.7B	-2.49B	-3.25B	-6.05B
Foreign Exchange Rate Adjustments	115M	-35.81M	-54.41M	4.86M	14.96M
Net Change in Cash	1.55B	-420M	-2.26B	4.26B	-3.21B
Supplemental Items
Cash Interest Paid	60.78M	31.95M	20.47M	67.25M	107M
Cash Income Tax Paid (Refund)	1.28B	584M	1.09B	1.23B	1.72B
Levered Free Cash Flow	3.62B	1.81B	-811M	8.63B	3.21B
Unlevered Free Cash Flow	3.66B	1.83B	-797M	8.68B	3.28B
Change In Net Working Capital	-736M	1.38B	2.93B	-4.85B	1.37B
Net Debt Issued / Repaid	-90.74M	315M	529M	37.16M	-1.39B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	15.04	13.81	14.35	15.44	12.56
Return on Total Capital	17.83	16.78	17.82	18.78	14.96
Return On Equity %	24.55	22.82	25.54	29.34	20.37
Return on Common Equity	24.55	22.82	25.54	29.34	20.37
Margin Analysis
Gross Profit Margin %	28.85	28.67	26.42	27.85	31.44
SG&A Margin	8.88	8.64	8.16	7.97	9.67
EBITDA Margin %	22.33	21.9	19.47	21.39	24.05
EBITA Margin %	19.53	19.58	17.87	19.52	21.34
EBIT Margin %	19.45	19.51	17.81	19.47	21.27
Income From Continuing Operations Margin %	15.3	15.1	14.33	17.09	16.81
Net Income Margin %	15.29	15.1	14.33	17.09	16.81
Net Avail. For Common Margin %	15.3	15.1	14.33	17.09	16.81
Normalized Net Income Margin	12.06	11.81	11.11	13.43	13.53
Levered Free Cash Flow Margin	12.87	6.42	-2.26	21.73	10.42
Unlevered Free Cash Flow Margin	13.01	6.49	-2.22	21.83	10.66
Asset Turnover
Asset Turnover	1.24	1.13	1.29	1.27	0.94
Fixed Assets Turnover	2.71	2.66	3.18	3.07	2.36
Receivables Turnover (Average Receivables)	8.23	6.92	7.19	9.16	7.24
Inventory Turnover (Average Inventory)	4.66	4.27	3.86	4.38	4.59
Short Term Liquidity
Current Ratio	2.38	2.24	2.25	2.42	2.86
Quick Ratio	1.5	1.42	0.99	1.77	2.08
Operating Cash Flow to Current Liabilities	1.15	0.59	0.4	1.63	0.77
Days Sales Outstanding (Average Receivables)	44.37	52.91	50.79	39.85	50.44
Days Outstanding Inventory (Average Inventory)	78.36	85.79	94.6	83.36	79.45
Average Days Payable Outstanding	30.5	38.92	33.12	31.23	29.26
Cash Conversion Cycle (Average Days)	92.23	99.78	112.27	91.98	100.63
Long Term Solvency
Total Debt/Equity	9.16	10.45	12.11	10.48	4.89
Total Debt / Total Capital	8.39	9.46	10.8	9.49	4.67
LT Debt/Equity	0.38	3.35	5.2	2.51	0.22
Long-Term Debt / Total Capital	0.35	3.03	4.64	2.27	0.21
Total Liabilities / Total Assets	22.28	27.52	27.77	24.64	19.36
EBIT / Interest Expense	86.76	162.04	279.42	113.07	55.79
EBITDA / Interest Expense	100.06	182.76	307.04	124.68	63.3
(EBITDA - Capex) / Interest Expense	79.05	155.82	198.29	98.43	60.73
Total Debt / EBITDA	0.26	0.32	0.36	0.31	0.17
Net Debt / EBITDA	-0.44	-0.33	0.11	-0.78	-0.86
Total Debt / (EBITDA - Capex)	0.33	0.38	0.56	0.39	0.18
Net Debt / (EBITDA - Capex)	-0.56	-0.38	0.18	-0.99	-0.9
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	1.98	0.18	27.48	10.63	-22.51
Gross Profit, 1 Yr. Growth %