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PT Pelayaran Nasional Bina Buana Raya Tbk (ISX:BBRM) Operating Income : Rp58,586 Mil (TTM As of Mar. 2024)


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What is PT Pelayaran Nasional Bina Buana Raya Tbk Operating Income?

PT Pelayaran Nasional Bina Buana Raya Tbk's Operating Income for the three months ended in Mar. 2024 was Rp13,212 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was Rp58,586 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. PT Pelayaran Nasional Bina Buana Raya Tbk's Operating Income for the three months ended in Mar. 2024 was Rp13,212 Mil. PT Pelayaran Nasional Bina Buana Raya Tbk's Revenue for the three months ended in Mar. 2024 was Rp41,053 Mil. Therefore, PT Pelayaran Nasional Bina Buana Raya Tbk's Operating Margin % for the quarter that ended in Mar. 2024 was 32.18%.

PT Pelayaran Nasional Bina Buana Raya Tbk'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. PT Pelayaran Nasional Bina Buana Raya Tbk's annualized ROC % for the quarter that ended in Mar. 2024 was 13.43%. PT Pelayaran Nasional Bina Buana Raya Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 14.77%.


PT Pelayaran Nasional Bina Buana Raya Tbk Operating Income Historical Data

The historical data trend for PT Pelayaran Nasional Bina Buana Raya Tbk'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.

PT Pelayaran Nasional Bina Buana Raya Tbk Operating Income Chart

PT Pelayaran Nasional Bina Buana Raya Tbk 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 -24,952.32 -58,070.32 6,963.27 26,223.60 58,334.12

PT Pelayaran Nasional Bina Buana Raya Tbk 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 12,652.09 6,911.96 21,643.24 16,818.85 13,211.51

PT Pelayaran Nasional Bina Buana Raya Tbk 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 Rp58,586 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.


PT Pelayaran Nasional Bina Buana Raya Tbk  (ISX:BBRM) Operating Income Explanation

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

PT Pelayaran Nasional Bina Buana Raya Tbk'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 )
=52846.024 * ( 1 - 3.37% )/( (381283.752 + 379156.345)/ 2 )
=51065.1129912/380220.0485
=13.43 %

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))
=536260.728 - 60137.788 - ( 118240.665 - max(0, 63236.403 - 158075.591+118240.665))
=381283.752

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))
=538002.735 - 62033.955 - ( 116375.33 - max(0, 65147.986 - 161960.421+116375.33))
=379156.345

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

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

PT Pelayaran Nasional Bina Buana Raya Tbk'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 )
=55682.568/( ( (377953.897 + max(-23401.477, 0)) + (375965.234 + max(-19562.895, 0)) )/ 2 )
=55682.568/( ( 377953.897 + 375965.234 )/ 2 )
=55682.568/376959.5655
=14.77 %

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)
=(36659.231 + 1495.351 + 1680.344) - (60137.788 + 0 + 3098.615)
=-23401.477

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(37430.031 + 4100.654 + 4054.406) - (62033.955 + 0 + 3114.031)
=-19562.895

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 %:

PT Pelayaran Nasional Bina Buana Raya Tbk'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 )
=13211.506/41052.789
=32.18 %

* 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.


PT Pelayaran Nasional Bina Buana Raya Tbk Operating Income Related Terms

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PT Pelayaran Nasional Bina Buana Raya Tbk (ISX:BBRM) Business Description

Traded in Other Exchanges
N/A
Address
Jl. KH. Mas Mansyur Kav. 126, Suite 08-09, 8th Floor, TCC Batavia Tower One, Jakarta Pusat, Jakarta, IDN, 10220
PT Pelayaran Nasional Bina Buana Raya Tbk is an Indonesia-based company engaged in the rental of tugboats, barges, and offshore support vessels. The company provides shipping services, marine transportation, and logistics, shipping agency for shipping companies, tug boat shipping, shipping equipment rentals, domestic shipping, shipping and cargo, oil and gas transportation, chartering of vessels and shipping bureau, and other related services. The group's business segments are Tugboat and barge vessels, and Offshore support vessels. The company generates the majority of its revenue from the tugboat and barge vessel segment.

PT Pelayaran Nasional Bina Buana Raya Tbk (ISX:BBRM) Headlines

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