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FUJI Seal International (TSE:7864) Operating Income : 円11,189 Mil (TTM As of Dec. 2023)


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What is FUJI Seal International Operating Income?

FUJI Seal International's Operating Income for the three months ended in Dec. 2023 was 円3,567 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was 円11,189 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. FUJI Seal International's Operating Income for the three months ended in Dec. 2023 was 円3,567 Mil. FUJI Seal International's Revenue for the three months ended in Dec. 2023 was 円49,878 Mil. Therefore, FUJI Seal International's Operating Margin % for the quarter that ended in Dec. 2023 was 7.15%.

Warning Sign:

FUJI Seal International Inc operating margin has been in a 5-year decline. The average rate of decline per year is -9.2%.

FUJI Seal International's 5-Year average Growth Rate for Operating Margin % was -9.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FUJI Seal International's annualized ROC % for the quarter that ended in Dec. 2023 was 6.93%. FUJI Seal International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.58%.


FUJI Seal International Operating Income Historical Data

The historical data trend for FUJI Seal International'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.

* Premium members only.

FUJI Seal International Operating Income Chart

FUJI Seal International Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12,986.33 12,634.98 12,429.00 10,572.00 8,195.00

FUJI Seal International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,467.00 1,999.00 2,834.00 2,789.00 3,567.00

FUJI Seal International Operating Income Calculation

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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円11,189 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.


FUJI Seal International  (TSE:7864) Operating Income Explanation

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

FUJI Seal International's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=14268 * ( 1 - 28.17% )/( (148485 + 147257)/ 2 )
=10248.7044/147871
=6.93 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

FUJI Seal International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=13132/( ( (65463 + max(47242, 0)) + (65207 + max(48969, 0)) )/ 2 )
=13132/( ( 112705 + 114176 )/ 2 )
=13132/113440.5
=11.58 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(48599 + 27389 + 17866) - (20340 + 0 + 26272)
=47242

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(49455 + 26976 + 17470) - (20552 + 0 + 24380)
=48969

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. Operating Income is also linked to Operating Margin %:

FUJI Seal International's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=3567/49878
=7.15 %

* 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.


FUJI Seal International Operating Income Related Terms

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FUJI Seal International (TSE:7864) Business Description

Traded in Other Exchanges
Address
1-9-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005
FUJI Seal manufactures a variety of packaging products. The majority of the company's revenue comes from the sale of shrink labels, which are used to label consumer products on plastic, glass, and metallic containers. FUJI Seal also sells self-adhesive labels used to label consumer products, soft pouches used for food, beverages, and personal care products, packaging machinery, and other packaging products. The firm organizes itself into five segments based on geography: Japan, Americas, Europe, PAGO, and ASEAN. The majority of revenue comes from Japan.

FUJI Seal International (TSE:7864) Headlines

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