Turn Cloud Technology Service Income Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	563.15	538.88	464.11	376.01	299.97
Revenue Growth (YoY)	11.51%	16.11%	23.43%	25.35%	-
Cost of Revenue	154.49	148.15	144.35	123.5	97.84
Gross Profit	408.66	390.73	319.76	252.51	202.13
Selling, General & Admin	126.98	125.71	107.09	53.33	49.16
Research & Development	191.85	185.53	165.55	140.31	131.1
Other Operating Expenses	-	-	-	-	-0.18
Operating Expenses	326.34	310.68	270.82	207.16	180.74
Operating Income	82.32	80.05	48.94	45.35	21.39
Interest Expense	-3.69	-4.41	-2.84	-2	-1.38
Interest & Investment Income	7.95	9.56	4.81	1.59	1.45
Earnings From Equity Investments	-0.74	-0.3	-	-	-
Currency Exchange Gain (Loss)	2.66	2.37	7.3	-1.18	-
Other Non Operating Income (Expenses)	7.92	3.7	14.47	10.05	-1.41
EBT Excluding Unusual Items	96.42	90.97	72.68	53.82	20.05
Gain (Loss) on Sale of Assets	-0.73	-0.73	0.06	-	-
Other Unusual Items	0.29	0.34	0.01	-	-
Pretax Income	95.98	90.58	72.75	53.82	20.05
Income Tax Expense	16	21.28	11.64	4.79	-2.42
Earnings From Continuing Operations	79.98	69.31	61.12	49.03	22.46
Minority Interest in Earnings	1.68	11.77	2.73	-0.01	-
Net Income	81.66	81.08	63.84	49.01	22.46
Net Income to Common	81.66	81.08	63.84	49.01	22.46
Net Income Growth	10.73%	27.00%	30.26%	118.20%	-
Shares Outstanding (Basic)	22	21	19	18	17
Shares Outstanding (Diluted)	22	21	19	18	17
Shares Change (YoY)	9.74%	9.74%	9.82%	6.00%	-
EPS (Basic)	3.64	3.81	3.29	2.77	1.35
EPS (Diluted)	3.63	3.81	3.29	2.77	1.35
EPS Growth	0.70%	15.94%	18.56%	105.76%	-
Free Cash Flow	129.88	35.54	-32.08	-44.89	-46.54
Free Cash Flow Per Share	5.78	1.67	-1.65	-2.54	-2.79
Dividend Per Share	3.143	3.143	2.857	2.187	-
Dividend Growth	10.00%	10.00%	30.66%	-	-
Gross Margin	72.57%	72.51%	68.90%	67.16%	67.38%
Operating Margin	14.62%	14.85%	10.54%	12.06%	7.13%
Profit Margin	14.50%	15.05%	13.76%	13.03%	7.49%
Free Cash Flow Margin	23.06%	6.60%	-6.91%	-11.94%	-15.52%
EBITDA	90.12	87.42	52.76	46.5	28.84
EBITDA Margin	16.00%	16.22%	11.37%	12.37%	9.61%
D&A For EBITDA	7.8	7.38	3.82	1.15	7.44
EBIT	82.32	80.05	48.94	45.35	21.39
EBIT Margin	14.62%	14.85%	10.54%	12.06%	7.13%
Effective Tax Rate	16.67%	23.49%	15.99%	8.90%	-

Source: S&P Capital IQ. Standard template. Financial Sources.