Woodside Energy Group (Woodside Energy Group) Operating Income : $5,224 Mil (TTM As of Dec. 2023)

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What is Woodside Energy Group Operating Income?

Woodside Energy Group's Operating Income for the six months ended in Dec. 2023 was $2,365 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $5,224 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Woodside Energy Group's Operating Income for the six months ended in Dec. 2023 was $2,365 Mil. Woodside Energy Group's Revenue for the six months ended in Dec. 2023 was $6,594 Mil. Therefore, Woodside Energy Group's Operating Margin % for the quarter that ended in Dec. 2023 was 35.87%.

Good Sign:

Woodside Energy Group Ltd operating margin is expanding. Margin expansion is usually a good sign.

Woodside Energy Group's 5-Year average Growth Rate for Operating Margin % was 8.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Woodside Energy Group's annualized ROC % for the quarter that ended in Dec. 2023 was -0.89%. Woodside Energy Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.75%.

Woodside Energy Group Operating Income Historical Data

The historical data trend for Woodside Energy Group'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.

Woodside Energy Group Operating Income Chart

Woodside Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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1,828.00

98.00

2,445.00

8,286.00

5,224.00

Woodside Energy Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Operating Income	Get a 7-Day Free Trial															1,824.00	2,982.00	5,304.00	2,859.00	2,365.00

Woodside Energy Group 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 semi-annually data reported by the company within the most recent 12 months, which was $5,224 Mil.

Woodside Energy Group (OTCPK:WOPEF) Operating Income Explanation

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

Woodside Energy Group'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	4730 * ( 1 - 109.89% )	/	( (53066	+	52393)	/ 2 )
=	-467.797	/	52729.5
=	-0.89 %

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	))
=	56738	-	2659	-	( 3842	-	max(0, 4945	-	5958	+	3842	))
=	53066

	Invested Capital		(Q: Dec. 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	))
=	55361	-	2832	-	( 1949	-	max(0, 4982	-	5118	+	1949	))
=	52393

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Woodside Energy Group'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1174	/	( ( (42758 + max(-2601, 0))	+	(42689 + max(-2187, 0)) )	/	2 )
=	1174	/	( ( 42758	+	42689 )	/	2 )
=	1174	/	42723.5
=	2.75 %

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)
=	(1223	+	700	+	92)	-	(2659	+	0	+	1957)
=	-2601

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(963	+	616	+	918)	-	(2832	+	0	+	1852)
=	-2187

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Woodside Energy Group'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 )
	=	2365	/	6594
	=	35.87 %

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.

Woodside Energy Group Operating Income Related Terms

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Woodside Energy Group (Woodside Energy Group) Business Description

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Address

11 Mount Street, Mia Yellagonga, Perth, WA, AUS, 6000

Website

https://www.woodside.com.au

Incorporated in 1954 and named after the small Victorian town of Woodside, Woodside's early exploration focus moved from Victoria's Gippsland Basin to Western Australia's Carnarvon Basin. First LNG production from the North West Shelf came in 1984. BHP Billiton and Shell each had 40% shareholdings before BHP sold out in 1994 and Shell sold down to 34%. In 2010, Shell further decreased its shareholding to 24%. Woodside has the potential to become the most LNG-leveraged company globally.