Energy Absolute PCL (BKK:EA) Operating Income : ฿7,254 Mil (TTM As of Mar. 2024)

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What is Energy Absolute PCL Operating Income?

Energy Absolute PCL's Operating Income for the three months ended in Mar. 2024 was ฿1,190 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was ฿7,254 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Energy Absolute PCL's Operating Income for the three months ended in Mar. 2024 was ฿1,190 Mil. Energy Absolute PCL's Revenue for the three months ended in Mar. 2024 was ฿5,787 Mil. Therefore, Energy Absolute PCL's Operating Margin % for the quarter that ended in Mar. 2024 was 20.57%.

Warning Sign:

Energy Absolute PCL operating margin has been in a 5-year decline. The average rate of decline per year is -10.7%.

Energy Absolute PCL's 5-Year average Growth Rate for Operating Margin % was -10.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Energy Absolute PCL's annualized ROC % for the quarter that ended in Mar. 2024 was 4.07%. Energy Absolute PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.76%.

Energy Absolute PCL Operating Income Historical Data

The historical data trend for Energy Absolute 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.

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Energy Absolute PCL Operating Income Chart

Energy Absolute PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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7,193.08

6,529.72

6,843.13

6,533.74

8,992.57

Energy Absolute 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															2,929.91	2,665.33	2,007.87	1,390.84	1,190.10

Energy Absolute 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 ฿7,254 Mil.

Energy Absolute PCL (BKK:EA) Operating Income Explanation

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

Energy Absolute 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 )
=	4760.404 * ( 1 - 6% )	/	( (111169.018	+	108946.203)	/ 2 )
=	4474.77976	/	110057.6105
=	4.07 %

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	))
=	114229.335	-	3005.567	-	( 2463.729	-	max(0, 24386.569	-	24441.319	+	2463.729	))
=	111169.018

	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	))
=	113464.037	-	2835.709	-	( 2244.512	-	max(0, 22888.377	-	24570.502	+	2244.512	))
=	108946.203

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

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

Energy Absolute 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 )
=	5512.172	/	( ( (60180.412 + max(8095.432, 0))	+	(59942.2 + max(13785.469, 0)) )	/	2 )
=	5512.172	/	( ( 68275.844	+	73727.669 )	/	2 )
=	5512.172	/	71001.7565
=	7.76 %

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)
=	(3273.955	+	7412.184	+	558.561)	-	(3005.567	+	73.222	+	70.478999999999)
=	8095.432

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(9470.503	+	6809.331	+	394.533)	-	(2835.709	+	0	+	53.189000000002)
=	13785.469

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 %:

Energy Absolute 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 )
	=	1190.101	/	5786.931
	=	20.57 %

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.

Energy Absolute PCL Operating Income Related Terms

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Energy Absolute PCL (BKK:EA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Energy Absolute PCL (BKK:EA) » Definitions » Operating Income

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Address

89, Ratchadaphisek Road, 16th Floor, AIA Capital Center Building, Din Daeng District, Bangkok, THA, 10400

Website

https://www.energyabsolute.co.th

Energy Absolute PCL is a Thailand-based energy company that produces biodiesel and alternative energy and engages in oil trading activities. The Group has five reportable segments which comprises of manufacturing and distributing crude palm oil, biodiesel products, and pure glycerine products, manufacturing and distributing electricity from solar, wind power and biomass, consulting in the project regarding alternative electric energy, manufacturing and distributing electric vehicles, manufacturing and distributing battery and head office and others It generates maximum revenue from the manufacturing and distribution of electricity from the solar and wind power segment from sales located primarily in Thailand.