Tan Delta Systems (LSE:TAND) Operating Income : £0.43 Mil (TTM As of Dec. 2023)

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What is Tan Delta Systems Operating Income?

Tan Delta Systems's Operating Income for the six months ended in Dec. 2023 was £0.00 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was £0.43 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tan Delta Systems's Operating Income for the six months ended in Dec. 2023 was £0.00 Mil. Tan Delta Systems's Revenue for the six months ended in Dec. 2023 was £0.00 Mil. Therefore, Tan Delta Systems's Operating Margin % for the quarter that ended in Dec. 2023 was %.

Tan Delta Systems'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. Tan Delta Systems's annualized ROC % for the quarter that ended in Dec. 2023 was 0.00%. Tan Delta Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.00%.

Tan Delta Systems Operating Income Historical Data

The historical data trend for Tan Delta Systems'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.

Tan Delta Systems Operating Income Chart

Tan Delta Systems Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Operating Income

-0.08

0.01

0.28

-0.48

Tan Delta Systems Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Operating Income	Get a 7-Day Free Trial			-	0.03	0.26	0.18	-

Tan Delta Systems 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.43 Mil.

Tan Delta Systems (LSE:TAND) Operating Income Explanation

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

Tan Delta Systems's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	0 * ( 1 - 0% )	/	( (0.726	+	0.582)	/ 2 )
=	0	/	0.654
=	0.00 %

where

	Invested Capital		(Q: Jun. 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	))
=	1.147	-	0.42	-	( 0.332	-	max(0, 0.837	-	0.838	+	0.332	))
=	0.726

	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	))
=	5.488	-	0.351	-	( 4.555	-	max(0, 0.493	-	5.195	+	4.555	))
=	0.582

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Tan Delta Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0	/	( ( (0.168 + max(-0.338, 0))	+	(0.149 + max(0.087000000000001, 0)) )	/	2 )
=	0	/	( ( 0.168	+	0.236 )	/	2 )
=	0	/	0.202
=	0.00 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.162	+	0.229	+	0.057)	-	(0.42	+	0	+	0.366)
=	-0.338

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.144	+	0.365	+	0.044)	-	(0.351	+	0	+	0.115)
=	0.087000000000001

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Tan Delta Systems's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0	/	0
	=	%

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.

Tan Delta Systems Operating Income Related Terms

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Tan Delta Systems (LSE:TAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tan Delta Systems plc (LSE:TAND) » Definitions » Operating Income

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Address

Church Lane, 1 Carrera Court, Dinnington, Sheffield, GBR, S25 2RG

Website

https://www.tandeltasystems.com

Tan Delta Systems plc develops advanced real-time oil analysis and analytic technologies and products with unique capabilities that enable equipment operators to significantly reduce operating costs, improve efficiency and reduce carbon footprint. It develops all its core technologies and products in-house, with manufacturing undertaken by its carefully selected manufacturing partners with whom its dedicated production QA department works. The company operates on a global scale with customers ranging from the largest engine manufacturers to small single equipment operators, from North America and Australia to Chile, India, Russia and Finland. Its products include Sensors, Kits, Display solutions, Gateways & modems and Accessories & services.

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