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Citrix Systems's Operating Income for the three months ended in Jun. 2022 was $182 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2022 was $460 Mil.
Operating Margin % is calculated as Operating Income divided by its Revenue. Citrix Systems's Operating Income for the three months ended in Jun. 2022 was $182 Mil. Citrix Systems's Revenue for the three months ended in Jun. 2022 was $860 Mil. Therefore, Citrix Systems's Operating Margin % for the quarter that ended in Jun. 2022 was 21.21%.
Citrix Systems's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.
Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Citrix Systems's annualized ROC % for the quarter that ended in Jun. 2022 was 8.36%. Citrix Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was 197.63%.
The historical data trend for Citrix Systems's Operating Income 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.
Citrix Systems Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Operating Income | Get a 7-Day Free Trial | 643.37 | 694.69 | 558.37 | 620.79 | 339.94 |
Citrix Systems Quarterly Data | ||||||||||||||||||||
Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | |
Operating Income | Get a 7-Day Free Trial | 84.68 | 84.47 | 78.47 | 114.31 | 182.31 |
Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.
Operating Income for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $460 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.
Citrix Systems (NAS:CTXS) Operating Income Explanation
1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Citrix Systems's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:
ROC % (Q: Jun. 2022 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Mar. 2022 ) | + | Invested Capital (Q: Jun. 2022 )) | / count ) |
= | 729.248 * ( 1 - 21.22% ) | / | ( (6916.336 | + | 6830.484) | / 2 ) |
= | 574.5015744 | / | 6873.41 | |||
= | 8.36 % |
where
Invested Capital | (Q: Mar. 2022 ) | |||||||||||
= | 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 | )) |
= | 6866.476 | - | 531.513 | - | ( 739.118 | - | max(0, 2254.312 | - | 1672.939 | + | 739.118 | )) |
= | 6916.336 |
Invested Capital | (Q: Jun. 2022 ) | |||||||||||
= | 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 | )) |
= | 7011.099 | - | 590.053 | - | ( 872.799 | - | max(0, 2307.273 | - | 1897.835 | + | 872.799 | )) |
= | 6830.484 |
Note: The Operating Income data used here is four times the quarterly (Jun. 2022) data.
2. Joel Greenblatt's definition of Return on Capital:
Citrix Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 is calculated as:
ROC (Joel Greenblatt) % | (Q: Jun. 2022 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Mar. 2022 | Q: Jun. 2022 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 681.652 | / | ( ( (350.112 + max(-1220.539, 0)) | + | (339.72 + max(-1182.271, 0)) ) | / | 2 ) |
= | 681.652 | / | ( ( 350.112 | + | 339.72 ) | / | 2 ) |
= | 681.652 | / | 344.916 | ||||
= | 197.63 % |
where Working Capital is:
Working Capital | (Q: Mar. 2022 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (602.54 | + | 26.993 | + | 304.288) | - | (531.513 | + | 1622.847 | + | 0) |
= | -1220.539 |
Working Capital | (Q: Jun. 2022 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (696.836 | + | 24.911 | + | 303.289) | - | (590.053 | + | 1617.254 | + | 0) |
= | -1182.271 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Jun. 2022) EBIT data.
3. Operating Income is also linked to Operating Margin %:
Citrix Systems's Operating Margin % for the quarter that ended in Jun. 2022 is calculated as:
Operating Margin % | = | Operating Income (Q: Jun. 2022 ) | / | Revenue (Q: Jun. 2022 ) |
= | 182.312 | / | 859.522 | |
= | 21.21 % |
* 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.
4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.
Be Aware
Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Thank you for viewing the detailed overview of Citrix Systems's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Jason Alexander Smith | officer: EVP & Chief Financial Officer | C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
Michael Arenth | officer: EVP, SaaS Strategy | C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
David J Henshall | officer: Senior Vice President and CFO | 18880 HOMESTEAD ROAD, CUPERTINO CA 95014 |
Sridhar Mullapudi | officer: EVP, Product Management | C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
Arlen Shenkman | officer: EVP & CFO | C/O CITRIX SYSTEMS, INC., 851 WEST CYRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
Mark J Ferrer | officer: EVP, Chief Revenue Officer | 45025 AVIATION DR, STE 300, DULLES VA 20166 |
Mark J. Schmitz | officer: EVP & Chief Operating Officer | C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
Timothy A. Minahan | officer: CMO | 13960 HAYSTACK LANE, MILTON GA 30004 |
Hector Lima | officer: EVP, Customer Experience | C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
Antonio G. Gomes | officer: SVP & General Counsel | 345 HARVARD STREET, UNIT 2AB, CAMBRIDGE MA 02138 |
Paul J. Hough | officer: SVP & Chief Product Officer | 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
Jessica Soisson | officer: VP & Corporate Controller | 9836 EQUUS CIRCLE, BOYNTON BEACH FL 33472 |
W. Joseph Kim | officer: EVP & Chief Technology Officer | 7171, AUSTIN TX 78735-6140 |
Donna Nappen Kimmel | officer: SVP & Chief People Officer | 529 PLEASANT STREET, MS B-7, ATTLEBORO MA 02703 |
Knowling Robert E Jr | director | C/O HEWLETT-PACKARD CO, 3000 HANOVER STREET, PALO ALTO CA 94304 |
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