Taiwan Tea Corp
TWSE:2913
Income Statement
Earnings Waterfall
Taiwan Tea Corp
Revenue
|
379.5m
TWD
|
Cost of Revenue
|
-241.5m
TWD
|
Gross Profit
|
138m
TWD
|
Operating Expenses
|
-262.6m
TWD
|
Operating Income
|
-124.6m
TWD
|
Other Expenses
|
-162.9m
TWD
|
Net Income
|
-287.5m
TWD
|
Income Statement
Taiwan Tea Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 775
N/A
|
1 851
+4%
|
1 981
+7%
|
2 012
+2%
|
1 882
-6%
|
1 753
-7%
|
1 482
-15%
|
1 191
-20%
|
937
-21%
|
817
-13%
|
780
-5%
|
704
-10%
|
611
-13%
|
2 424
+297%
|
2 321
-4%
|
2 287
-1%
|
2 252
-2%
|
327
-85%
|
269
-18%
|
250
-7%
|
254
+2%
|
265
+4%
|
278
+5%
|
289
+4%
|
299
+3%
|
291
-3%
|
292
+0%
|
303
+4%
|
312
+3%
|
336
+8%
|
340
+1%
|
355
+5%
|
369
+4%
|
375
+1%
|
376
+0%
|
384
+2%
|
377
-2%
|
378
+0%
|
389
+3%
|
382
-2%
|
380
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 181)
|
(1 227)
|
(1 344)
|
(1 354)
|
(1 258)
|
(1 170)
|
(958)
|
(741)
|
(537)
|
(416)
|
(370)
|
(354)
|
(336)
|
(1 599)
|
(1 571)
|
(1 546)
|
(1 512)
|
(211)
|
(153)
|
(139)
|
(139)
|
(147)
|
(160)
|
(166)
|
(178)
|
(172)
|
(174)
|
(183)
|
(187)
|
(208)
|
(219)
|
(233)
|
(252)
|
(248)
|
(236)
|
(228)
|
(212)
|
(227)
|
(240)
|
(242)
|
(241)
|
|
Gross Profit |
594
N/A
|
624
+5%
|
637
+2%
|
659
+3%
|
624
-5%
|
583
-7%
|
524
-10%
|
450
-14%
|
400
-11%
|
400
+0%
|
409
+2%
|
349
-15%
|
275
-21%
|
826
+200%
|
751
-9%
|
742
-1%
|
740
0%
|
116
-84%
|
116
+0%
|
111
-4%
|
116
+4%
|
118
+2%
|
118
+0%
|
123
+4%
|
121
-2%
|
119
-1%
|
118
-1%
|
120
+2%
|
125
+4%
|
128
+3%
|
121
-6%
|
122
+1%
|
118
-4%
|
126
+7%
|
141
+12%
|
155
+10%
|
165
+6%
|
151
-8%
|
149
-2%
|
140
-6%
|
138
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(395)
|
(378)
|
(385)
|
(379)
|
(368)
|
(354)
|
(362)
|
(337)
|
(326)
|
(308)
|
(269)
|
(323)
|
(313)
|
(382)
|
(406)
|
(377)
|
(354)
|
(311)
|
(297)
|
(296)
|
(288)
|
(289)
|
(290)
|
(288)
|
(290)
|
(383)
|
(378)
|
(370)
|
(272)
|
(276)
|
(283)
|
(291)
|
(300)
|
(1 302)
|
(1 314)
|
(315)
|
(320)
|
(315)
|
(2 426)
|
(2 417)
|
(263)
|
|
Selling, General & Administrative |
(383)
|
(366)
|
(373)
|
(366)
|
(352)
|
(338)
|
(345)
|
(324)
|
(320)
|
(318)
|
(277)
|
(327)
|
(294)
|
(358)
|
(383)
|
(357)
|
(344)
|
(302)
|
(288)
|
(287)
|
(281)
|
(282)
|
(283)
|
(280)
|
(283)
|
(275)
|
(270)
|
(262)
|
(266)
|
(269)
|
(276)
|
(284)
|
(293)
|
(296)
|
(308)
|
(309)
|
(314)
|
(309)
|
(290)
|
(281)
|
(257)
|
|
Research & Development |
(12)
|
(12)
|
(13)
|
(13)
|
(13)
|
(11)
|
(9)
|
(7)
|
(6)
|
(8)
|
(10)
|
(14)
|
(19)
|
(20)
|
(19)
|
(16)
|
(10)
|
(9)
|
(9)
|
(8)
|
(8)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(7)
|
(4)
|
(5)
|
(5)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
(4)
|
(5)
|
(8)
|
(6)
|
0
|
18
|
18
|
17
|
0
|
(4)
|
(4)
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(101)
|
(101)
|
(101)
|
0
|
(2)
|
(2)
|
(2)
|
0
|
(1 000)
|
(1 000)
|
0
|
0
|
0
|
(2 130)
|
(2 130)
|
0
|
|
Operating Income |
199
N/A
|
246
+24%
|
251
+2%
|
280
+11%
|
256
-9%
|
229
-11%
|
161
-29%
|
113
-30%
|
74
-35%
|
92
+25%
|
140
+53%
|
27
-81%
|
(38)
N/A
|
444
N/A
|
345
-22%
|
365
+6%
|
386
+6%
|
(195)
N/A
|
(180)
+7%
|
(185)
-2%
|
(173)
+6%
|
(171)
+1%
|
(172)
0%
|
(165)
+4%
|
(169)
-3%
|
(264)
-56%
|
(260)
+2%
|
(250)
+4%
|
(148)
+41%
|
(148)
0%
|
(162)
-10%
|
(169)
-4%
|
(183)
-8%
|
(1 176)
-544%
|
(1 173)
+0%
|
(160)
+86%
|
(155)
+3%
|
(164)
-6%
|
(2 277)
-1 286%
|
(2 277)
+0%
|
(125)
+95%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
794
|
639
|
568
|
612
|
592
|
664
|
779
|
762
|
625
|
540
|
384
|
396
|
282
|
248
|
282
|
188
|
218
|
207
|
190
|
157
|
117
|
81
|
124
|
113
|
91
|
104
|
3
|
(7)
|
109
|
143
|
149
|
158
|
47
|
71
|
45
|
29
|
13
|
(74)
|
(85)
|
(86)
|
(87)
|
|
Non-Reccuring Items |
(9)
|
(9)
|
(6)
|
(11)
|
0
|
0
|
0
|
0
|
18
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(101)
|
0
|
0
|
0
|
0
|
0
|
0
|
13
|
(1 000)
|
0
|
0
|
(1 013)
|
(2 128)
|
(2 130)
|
0
|
0
|
(93)
|
|
Gain/Loss on Disposition of Assets |
(0)
|
1
|
1
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(2)
|
(3)
|
(3)
|
(3)
|
(1)
|
646
|
649
|
649
|
649
|
0
|
|
Total Other Income |
(16)
|
(15)
|
9
|
8
|
29
|
27
|
9
|
8
|
8
|
10
|
16
|
67
|
66
|
64
|
53
|
2
|
2
|
2
|
2
|
1
|
2
|
2
|
3
|
6
|
7
|
7
|
6
|
6
|
6
|
6
|
6
|
4
|
4
|
4
|
5
|
5
|
9
|
17
|
16
|
16
|
11
|
|
Pre-Tax Income |
969
N/A
|
863
-11%
|
822
-5%
|
888
+8%
|
877
-1%
|
919
+5%
|
949
+3%
|
883
-7%
|
725
-18%
|
642
-11%
|
540
-16%
|
490
-9%
|
306
-38%
|
756
+147%
|
679
-10%
|
555
-18%
|
605
+9%
|
14
-98%
|
11
-24%
|
(28)
N/A
|
(54)
-96%
|
(89)
-64%
|
(45)
+49%
|
(46)
-2%
|
(173)
-277%
|
(153)
+11%
|
(250)
-63%
|
(251)
0%
|
(33)
+87%
|
1
N/A
|
(7)
N/A
|
5
N/A
|
(1 135)
N/A
|
(1 104)
+3%
|
(1 125)
-2%
|
(1 139)
-1%
|
(1 614)
-42%
|
(1 703)
-6%
|
(1 697)
+0%
|
(1 698)
0%
|
(292)
+83%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
64
|
36
|
27
|
17
|
(1)
|
6
|
52
|
50
|
36
|
26
|
6
|
9
|
4
|
(1)
|
32
|
16
|
17
|
14
|
(4)
|
(0)
|
12
|
23
|
42
|
41
|
27
|
19
|
17
|
14
|
15
|
18
|
16
|
13
|
12
|
5
|
2
|
6
|
(21)
|
(22)
|
(22)
|
(22)
|
5
|
|
Income from Continuing Operations |
1 033
|
898
|
849
|
905
|
875
|
925
|
1 001
|
933
|
760
|
668
|
546
|
499
|
310
|
755
|
711
|
571
|
622
|
28
|
7
|
(28)
|
(42)
|
(66)
|
(3)
|
(4)
|
(146)
|
(134)
|
(233)
|
(236)
|
(17)
|
19
|
10
|
17
|
(1 122)
|
(1 098)
|
(1 123)
|
(1 134)
|
(1 635)
|
(1 724)
|
(1 719)
|
(1 720)
|
(287)
|
|
Income to Minority Interest |
(10)
|
(16)
|
(20)
|
(25)
|
0
|
(35)
|
(23)
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
1 023
N/A
|
883
-14%
|
829
-6%
|
880
+6%
|
833
-5%
|
890
+7%
|
978
+10%
|
927
-5%
|
760
-18%
|
669
-12%
|
546
-18%
|
499
-9%
|
310
-38%
|
755
+143%
|
711
-6%
|
571
-20%
|
622
+9%
|
28
-95%
|
7
-77%
|
(28)
N/A
|
(42)
-50%
|
(66)
-58%
|
(3)
+96%
|
(4)
-56%
|
(146)
-3 208%
|
(134)
+8%
|
(233)
-74%
|
(236)
-2%
|
(17)
+93%
|
19
N/A
|
10
-49%
|
17
+81%
|
(1 122)
N/A
|
(1 098)
+2%
|
(1 123)
-2%
|
(1 134)
-1%
|
(1 635)
-44%
|
(1 724)
-5%
|
(1 719)
+0%
|
(1 720)
0%
|
(287)
+83%
|
|
EPS (Diluted) |
1.15
N/A
|
1.22
+6%
|
1.14
-7%
|
1.22
+7%
|
1.15
-6%
|
1.23
+7%
|
1.32
+7%
|
1.18
-11%
|
1.01
-14%
|
0.88
-13%
|
0.71
-19%
|
0.66
-7%
|
0.4
-39%
|
0.98
+145%
|
0.92
-6%
|
0.73
-21%
|
0.81
+11%
|
0.03
-96%
|
0
N/A
|
-0.04
N/A
|
-0.05
-25%
|
-0.09
-80%
|
0
N/A
|
-0.01
N/A
|
-0.18
-1 700%
|
-0.17
+6%
|
-0.29
-71%
|
-0.3
-3%
|
-0.02
+93%
|
0.02
N/A
|
0.01
-50%
|
0.02
+100%
|
-1.42
N/A
|
-1.39
+2%
|
-1.42
-2%
|
-1.43
-1%
|
-2.07
-45%
|
-2.18
-5%
|
-2.18
N/A
|
-2.18
N/A
|
-0.36
+83%
|