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Stadio Holdings (JSE:SDO) Operating Income : R331 Mil (TTM As of Jun. 2024)


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What is Stadio Holdings Operating Income?

Stadio Holdings's Operating Income for the six months ended in Jun. 2024 was R195 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2024 was R331 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Stadio Holdings's Operating Income for the six months ended in Jun. 2024 was R195 Mil. Stadio Holdings's Revenue for the six months ended in Jun. 2024 was R826 Mil. Therefore, Stadio Holdings's Operating Margin % for the quarter that ended in Jun. 2024 was 23.65%.

Good Sign:

Stadio Holdings Ltd operating margin is expanding. Margin expansion is usually a good sign.

Stadio Holdings'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. Stadio Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was 12.63%. Stadio Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 44.86%.


Stadio Holdings Operating Income Historical Data

The historical data trend for Stadio Holdings'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.

Stadio Holdings Operating Income Chart

Stadio Holdings 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 126.65 184.89 233.94 278.21 305.50

Stadio Holdings Semi-Annual Data
Dec14 Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 153.24 124.97 169.43 136.07 195.35

Stadio Holdings 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R331 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.


Stadio Holdings  (JSE:SDO) Operating Income Explanation

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

Stadio Holdings's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=390.69 * ( 1 - 28.9% )/( (2131.283 + 2269.161)/ 2 )
=277.78059/2200.222
=12.63 %

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))
=2315.988 - 143.226 - ( 128.068 - max(0, 321.591 - 363.07+128.068))
=2131.283

Invested Capital(Q: Jun. 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))
=2400.451 - 105.839 - ( 98.44 - max(0, 371.303 - 396.754+98.44))
=2269.161

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Stadio Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=425.246/( ( (937.343 + max(-51.541, 0)) + (958.335 + max(-40.799, 0)) )/ 2 )
=425.246/( ( 937.343 + 958.335 )/ 2 )
=425.246/947.839
=44.86 %

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)
=(196.544 + 0 + 38.458) - (143.226 + 0 + 143.317)
=-51.541

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(278.125 + 0 + 20.189) - (105.839 + 0 + 233.274)
=-40.799

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

Stadio Holdings's Operating Margin % for the quarter that ended in Jun. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2024 )/Revenue (Q: Jun. 2024 )
=195.345/826.031
=23.65 %

* 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.


Stadio Holdings Operating Income Related Terms

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Stadio Holdings Business Description

Traded in Other Exchanges
N/A
Address
Corner of Oxford and Queen Streets, Office 101, The Village Square, Durbanville, Cape town, WC, ZAF, 7550
Stadio Holdings Ltd is an investment holding company. It is focused on the acquisition of an investment in, growth, and development of higher education institutions. Some of the institutions are Embury Institute for Higher Education, LISOF Fashion Design School and Retail Education Institute, Milpark Education, and others. The company generates a majority of its revenue in the form of Registration and tuition fees, Sale of goods and Other Income.

Stadio Holdings Headlines

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