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Tupperware Brands's Operating Income for the three months ended in Sep. 2023 was $6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was $52 Mil.
Operating Margin % is calculated as Operating Income divided by its Revenue. Tupperware Brands's Operating Income for the three months ended in Sep. 2023 was $6 Mil. Tupperware Brands's Revenue for the three months ended in Sep. 2023 was $260 Mil. Therefore, Tupperware Brands's Operating Margin % for the quarter that ended in Sep. 2023 was 2.35%.
Warning Sign:
Tupperware Brands Corp operating margin has been in a 5-year decline. The average rate of decline per year is -9.6%.
Tupperware Brands's 5-Year average Growth Rate for Operating Margin % was -9.60% per year.
Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tupperware Brands's annualized ROC % for the quarter that ended in Sep. 2023 was 2.58%. Tupperware Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -41.65%.
The historical data trend for Tupperware Brands'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.
Tupperware Brands Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Operating Income | Get a 7-Day Free Trial | 317.00 | 196.50 | 217.30 | 238.80 | 99.10 |
Tupperware Brands Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Operating Income | Get a 7-Day Free Trial | 22.50 | 28.50 | 6.10 | 11.40 | 6.10 |
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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $52 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.
Tupperware Brands (NYSE:TUP) Operating Income Explanation
1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Tupperware Brands's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:
ROC % (Q: Sep. 2023 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Jun. 2023 ) | + | Invested Capital (Q: Sep. 2023 )) | / count ) |
= | 24.4 * ( 1 - -17.76% ) | / | ( (1121.3 | + | 1107.1) | / 2 ) |
= | 28.73344 | / | 1114.2 | |||
= | 2.58 % |
where
Invested Capital | (Q: Jun. 2023 ) | |||||||||||
= | 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 | )) |
= | 714.3 | - | 169.3 | - | ( 118 | - | max(0, 1001.7 | - | 425.4 | + | 118 | )) |
= | 1121.3 |
Invested Capital | (Q: Sep. 2023 ) | |||||||||||
= | 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 | )) |
= | 679.5 | - | 189.4 | - | ( 122.7 | - | max(0, 1043.4 | - | 426.4 | + | 122.7 | )) |
= | 1107.1 |
Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.
2. Joel Greenblatt's definition of Return on Capital:
Tupperware Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:
ROC (Joel Greenblatt) % | (Q: Sep. 2023 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Jun. 2023 | Q: Sep. 2023 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -93.2 | / | ( ( (187.7 + max(57.8, 0)) | + | (173 + max(29, 0)) ) | / | 2 ) |
= | -93.2 | / | ( ( 245.5 | + | 202 ) | / | 2 ) |
= | -93.2 | / | 223.75 | ||||
= | -41.65 % |
where Working Capital is:
Working Capital | (Q: Jun. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (70.7 | + | 181.6 | + | 33.1) | - | (169.3 | + | 11.4 | + | 46.9) |
= | 57.8 |
Working Capital | (Q: Sep. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (72.1 | + | 172.4 | + | 36.4) | - | (189.4 | + | 12.8 | + | 49.7) |
= | 29 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.
3. Operating Income is also linked to Operating Margin %:
Tupperware Brands's Operating Margin % for the quarter that ended in Sep. 2023 is calculated as:
Operating Margin % | = | Operating Income (Q: Sep. 2023 ) | / | Revenue (Q: Sep. 2023 ) |
= | 6.1 | / | 259.6 | |
= | 2.35 % |
* 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 Tupperware Brands's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Lori H Bush | director | NU SKIN ENTERPRISES INC, 75 WEST CENTER, PROVO UT 84601 |
Laurie Ann Goldman | officer: President and CEO | 3344 PEACHTREE ROAD, SUITE 1700, ATLANTA GA 30326 |
William L Transier | director | 3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043 |
Paul Keglevic | director | STELLUS CAPITAL, 10000 MEMORIAL DRIVE STE 500, HOUSTON TX 77024 |
Paul Aronzon | director | 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478 |
Brian J Fox | officer: Chief Restructuring Officer | C/O XERIUM TECHNOLOGIES, INC., 8537 SIX FORKS ROAD, SUITE 300, RALEIGH NC 27615 |
Richard Goudis | director, officer: Executive Vice Chairman | C/O HERBALIFE INTERNATIONAL, INC., 1800 CENTURY PARK EAST, LOS ANGELES CA 90067 |
Fernandez Calero Miguel Angel | director, officer: Chief Executive Officer | 800 W. OLYMPIC BLVD. SUITE 406, LOS ANGELES CA 90015 |
Mark S Burgess | director | C/O GRAHAM PACKAGING HOLDINGS COMPANY, 2410 PLEASANT VALLEY ROAD, YORK PA 17402 |
Ingen Jim Van | officer: EVP Supply Chain | C/O TUPPERWARE BRANDS CORPORATION, 14901 S ORANGE BLOSSOM TRAIL, ORLANDO FL 32837 |
Christopher D Oleary | director | ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426 |
James H Fordyce | director | |
Pamela Jones Harbour | director | C/O TUPPERWARE BRANDS CORPORATION, 14901 S ORANGE BLOSSOM TRAIL, ORLANDO FL 32837 |
Tim Minges | director | C/O TUPPERWARE BRANDS CORPORATION, 14901 S ORANGE BLOSSOM TRAIL, ORLANDO FL 32837 |
Hector Lezama | officer: Pres., Comm. Bus. Expansion | C/O TUPPERWARE BRANDS CORPORATION, 14901 S ORANGE BLOSSOM TRAIL, ORLANDO FL 32837 |
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