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Amarins PCL (BKK:AMARIN) Operating Income : ฿250 Mil (TTM As of Mar. 2024)


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What is Amarins PCL Operating Income?

Amarins PCL's Operating Income for the three months ended in Mar. 2024 was ฿28 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was ฿250 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Amarins PCL's Operating Income for the three months ended in Mar. 2024 was ฿28 Mil. Amarins PCL's Revenue for the three months ended in Mar. 2024 was ฿935 Mil. Therefore, Amarins PCL's Operating Margin % for the quarter that ended in Mar. 2024 was 3.02%.

Good Sign:

Amarin Corporations PCL operating margin is expanding. Margin expansion is usually a good sign.

Amarins PCL's 5-Year average Growth Rate for Operating Margin % was 32.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Amarins PCL's annualized ROC % for the quarter that ended in Mar. 2024 was 2.38%. Amarins PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.16%.


Amarins PCL Operating Income Historical Data

The historical data trend for Amarins PCL'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.

Amarins PCL Operating Income Chart

Amarins PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 205.21 182.72 308.65 469.26 318.50

Amarins PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 97.21 44.46 88.71 88.12 28.27

Amarins PCL 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿250 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.


Amarins PCL  (BKK:AMARIN) Operating Income Explanation

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

Amarins PCL's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=113.064 * ( 1 - 11.7% )/( (4268.155 + 4118.197)/ 2 )
=99.835512/4193.176
=2.38 %

where

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))
=5963.875 - 820.828 - ( 874.892 - max(0, 947.569 - 1898.244+874.892))
=4268.155

Invested Capital(Q: Mar. 2024 )
=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))
=6005.325 - 840.321 - ( 1046.807 - max(0, 947.133 - 2092.407+1046.807))
=4118.197

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Amarins PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=118.44/( ( (1578.931 + max(94.343, 0)) + (1564.879 + max(68.211, 0)) )/ 2 )
=118.44/( ( 1673.274 + 1633.09 )/ 2 )
=118.44/1653.182
=7.16 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(491.52 + 449.965 + 18.616) - (820.828 + 0 + 44.93)
=94.343

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(439.696 + 481.147 + 17.163) - (840.321 + 0 + 29.474)
=68.211

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Amarins PCL's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=28.266/935.045
=3.02 %

* 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.


Amarins PCL Operating Income Related Terms

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Amarins PCL (BKK:AMARIN) Business Description

Traded in Other Exchanges
N/A
Address
378 Chaiyapruk Road, Kwang Talingchan, Khet Talingchan, Bangkok, THA, 10170
Amarin Corporations PCL and its subsidiary are engaged in publishing, advertising, and selling printed matter in Thailand. The company operates in the reportable segments of Production of printing and distribution of books; Organization exhibitions and advertising through printing and online media; and Production and providing services through television media. Production of printing and distribution of books segment generates most of the revenue for the company. The company principally operates in Thailand.

Amarins PCL (BKK:AMARIN) Headlines

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