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AS Ekspress Grupp (FRA:DYC) Operating Income : €4.32 Mil (TTM As of Mar. 2024)


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What is AS Ekspress Grupp Operating Income?

AS Ekspress Grupp's Operating Income for the three months ended in Mar. 2024 was €-0.91 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was €4.32 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. AS Ekspress Grupp's Operating Income for the three months ended in Mar. 2024 was €-0.91 Mil. AS Ekspress Grupp's Revenue for the three months ended in Mar. 2024 was €16.22 Mil. Therefore, AS Ekspress Grupp's Operating Margin % for the quarter that ended in Mar. 2024 was -5.58%.

Good Sign:

AS Ekspress Grupp operating margin is expanding. Margin expansion is usually a good sign.

AS Ekspress Grupp's 5-Year average Growth Rate for Operating Margin % was 31.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AS Ekspress Grupp's annualized ROC % for the quarter that ended in Mar. 2024 was -3.90%. AS Ekspress Grupp's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -29.24%.


AS Ekspress Grupp Operating Income Historical Data

The historical data trend for AS Ekspress Grupp'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.

AS Ekspress Grupp Operating Income Chart

AS Ekspress Grupp 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 2.43 2.56 4.59 4.41 5.27

AS Ekspress Grupp 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 0.04 1.25 1.25 2.73 -0.91

AS Ekspress Grupp 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 €4.32 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.


AS Ekspress Grupp  (FRA:DYC) Operating Income Explanation

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

AS Ekspress Grupp'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 )
=-3.62 * ( 1 - -0.33% )/( (99.709 + 86.777)/ 2 )
=-3.631946/93.243
=-3.90 %

where

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

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

AS Ekspress Grupp'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 )
=-3.044/( ( (10.383 + max(-13.433, 0)) + (10.44 + max(-10.49, 0)) )/ 2 )
=-3.044/( ( 10.383 + 10.44 )/ 2 )
=-3.044/10.4115
=-29.24 %

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)
=(8.275 + 0.321 + 1.056) - (10.401 + 0 + 12.684)
=-13.433

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12.772 + 0.332 + 0.092999999999996) - (23.686 + 0 + 0.0010000000000012)
=-10.49

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 %:

AS Ekspress Grupp'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 )
=-0.905/16.22
=-5.58 %

* 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.


AS Ekspress Grupp Operating Income Related Terms

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AS Ekspress Grupp (FRA:DYC) Business Description

Traded in Other Exchanges
Address
Narva maantee 13, Tallinn, EST, 10151
AS Ekspress Grupp is a media company whose key activities include web media content production as well as the publishing of newspapers, magazines, and books. The business activities of the group function through the Media segment. The media segment comprises the operations of online news portals and classified portals, advertising sales in own portals in the Baltics and publishing of newspapers, magazines, customer and advertising fliers, publishing, and publication of books as well as the sale of digital outdoor advertising in Estonia and Latvia. The group also operates an electronic ticket sales platform and ticket offices and provides an outdoor screen service in Estonia and Latvia.

AS Ekspress Grupp (FRA:DYC) Headlines

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