Patrangsit Healthcare Group PCL (BKK:PHG) Operating Income : ฿317 Mil (TTM As of Mar. 2024)

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What is Patrangsit Healthcare Group PCL Operating Income?

Patrangsit Healthcare Group PCL's Operating Income for the three months ended in Mar. 2024 was ฿84 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was ฿317 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Patrangsit Healthcare Group PCL's Operating Income for the three months ended in Mar. 2024 was ฿84 Mil. Patrangsit Healthcare Group PCL's Revenue for the three months ended in Mar. 2024 was ฿567 Mil. Therefore, Patrangsit Healthcare Group PCL's Operating Margin % for the quarter that ended in Mar. 2024 was 14.79%.

Patrangsit Healthcare Group PCL's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Patrangsit Healthcare Group PCL's annualized ROC % for the quarter that ended in Mar. 2024 was 25.41%. Patrangsit Healthcare Group PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 37.27%.

Patrangsit Healthcare Group PCL Operating Income Historical Data

The historical data trend for Patrangsit Healthcare Group 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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Patrangsit Healthcare Group PCL Operating Income Chart

Patrangsit Healthcare Group PCL Annual Data

Trend

Dec21

Dec22

Dec23

Operating Income

413.01

379.83

334.37

Patrangsit Healthcare Group PCL Quarterly Data
	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Operating Income	Get a 7-Day Free Trial			31.41	58.79	104.48	128.35	83.81

Patrangsit Healthcare Group 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 ฿317 Mil.

Patrangsit Healthcare Group PCL (BKK:PHG) Operating Income Explanation

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

Patrangsit Healthcare Group 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 )
=	335.24 * ( 1 - 20.06% )	/	( (1046.44	+	1063.257)	/ 2 )
=	267.990856	/	1054.8485
=	25.41 %

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	))
=	2362.605	-	303.692	-	( 1012.473	-	max(0, 348.846	-	1384.557	+	1012.473	))
=	1046.44

	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	))
=	2403.037	-	299.006	-	( 1040.774	-	max(0, 322.911	-	1427.413	+	1040.774	))
=	1063.257

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

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

Patrangsit Healthcare Group 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 )
=	335.24	/	( ( (900.294 + max(-173.313, 0))	+	(898.472 + max(-170.544, 0)) )	/	2 )
=	335.24	/	( ( 900.294	+	898.472 )	/	2 )
=	335.24	/	899.383
=	37.27 %

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)
=	(74.646	+	54.549	+	1.1850000000002)	-	(303.692	+	0	+	0.00099999999997635)
=	-173.313

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(67.696	+	59.657	+	1.1090000000002)	-	(299.006	+	0	+	5.6843418860808E-14)
=	-170.544

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 %:

Patrangsit Healthcare Group 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 )
	=	83.81	/	566.717
	=	14.79 %

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.

Patrangsit Healthcare Group PCL Operating Income Related Terms

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Patrangsit Healthcare Group PCL (BKK:PHG) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Patrangsit Healthcare Group PCL (BKK:PHG) » Definitions » Operating Income

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Address

Phaholyothin Road, 733/345 and 733/346 Moo 8, Khu Khot, Lam Luk Ka, Pathum Thani, Bangkok, THA, 12130

Website

https://www.patrangsit.com

Patrangsit Healthcare Group PCL is engaged in the hospital business. It is a medical provider with a team of skilled medical professionals. The company expanded the hospital and area By establishing more hospitals in the network, totaling 3 hospitals, consisting of Phaet Rangsit Hospital, Phaet Rangsit 2 Hospital, and Rangsit Maternal and Child Specialist Hospital To be able to cover a variety of specialized medical services.