MIRAIT One (TSE:1417) Operating Income : 円17,831 Mil (TTM As of Dec. 2023)

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What is MIRAIT One Operating Income?

MIRAIT One's Operating Income for the three months ended in Dec. 2023 was 円2,604 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was 円17,831 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. MIRAIT One's Operating Income for the three months ended in Dec. 2023 was 円2,604 Mil. MIRAIT One's Revenue for the three months ended in Dec. 2023 was 円127,222 Mil. Therefore, MIRAIT One's Operating Margin % for the quarter that ended in Dec. 2023 was 2.05%.

Warning Sign:

MIRAIT One Corp operating margin has been in a 5-year decline. The average rate of decline per year is -7.1%.

MIRAIT One's 5-Year average Growth Rate for Operating Margin % was -7.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MIRAIT One's annualized ROC % for the quarter that ended in Dec. 2023 was 0.97%. MIRAIT One's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.02%.

MIRAIT One Operating Income Historical Data

The historical data trend for MIRAIT One'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.

MIRAIT One Operating Income Chart

MIRAIT One Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Operating Income

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21,994.00

30,130.00

32,805.00

21,804.00

17,831.00

MIRAIT One 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															15,696.00	890.00	1,474.00	2,604.00	12,863.00

MIRAIT One 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 quarterly data reported by the company within the most recent 12 months, which was 円17,831 Mil.

MIRAIT One (TSE:1417) Operating Income Explanation

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

MIRAIT One'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	10416 * ( 1 - 68.21% )	/	( (299572	+	382828)	/ 2 )
=	3311.2464	/	341200
=	0.97 %

where

	Invested Capital		(Q: Sep. 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	))
=	396356	-	50758	-	( 46026	-	max(0, 87753	-	229877	+	46026	))
=	299572

	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	))
=	484450	-	56445	-	( 45177	-	max(0, 174517	-	274292	+	45177	))
=	382828

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

MIRAIT One'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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	10928	/	( ( (95286 + max(102062, 0))	+	(102911 + max(135053, 0)) )	/	2 )
=	10928	/	( ( 197348	+	237964 )	/	2 )
=	10928	/	217656
=	5.02 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(124898	+	43984	+	14969)	-	(50758	+	0	+	31031)
=	102062

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(164173	+	48460	+	16482)	-	(56445	+	0	+	37617)
=	135053

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

MIRAIT One'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 )
	=	2604	/	127222
	=	2.05 %

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.

MIRAIT One Operating Income Related Terms

Thank you for viewing the detailed overview of MIRAIT One's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

MIRAIT One (TSE:1417) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MIRAIT One Corp (TSE:1417) » Definitions » Operating Income

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Address

5-6-36 Toyosu, Koto-ku, Tokyo, JPN, 135-8111

Website

https://www.mirait-one.com

MIRAIT One Corp is engaged in building and maintaining various social infrastructures including communication infrastructures. It is also involved in projects that contribute to local town and community development, as well as corporate DX and GX. It also engages in the construction and sales of solar power generation facilities; provides high-quality software and DX through virtualization; construction of broadband networks and ICT systems among others.

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