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EIDP (CTAPA.PFD) Operating Income : $1,957.00 Mil (TTM As of Mar. 2024)


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What is EIDP Operating Income?

EIDP's Operating Income for the three months ended in Mar. 2024 was $697.00 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $1,957.00 Mil.

Warning Sign:

E.I. du Pont de Nemours & Co has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. EIDP's Operating Income for the three months ended in Mar. 2024 was $697.00 Mil. EIDP's Revenue for the three months ended in Mar. 2024 was $4,492.00 Mil. Therefore, EIDP's Operating Margin % for the quarter that ended in Mar. 2024 was 15.52%.

EIDP'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. EIDP's annualized ROC % for the quarter that ended in Mar. 2024 was 6.21%. EIDP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 27.40%.


EIDP Operating Income Historical Data

The historical data trend for EIDP'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.

EIDP Operating Income Chart

EIDP 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 584.00 843.00 1,317.00 1,928.00 2,110.00

EIDP 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 911.00 1,360.00 -265.00 165.00 697.00

EIDP 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 $1,957.00 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.


EIDP  (NYSE:CTApA.PFD) Operating Income Explanation

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

EIDP'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 )
=2788 * ( 1 - 21.99% )/( (33830 + 36230)/ 2 )
=2174.9188/35030
=6.21 %

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:

EIDP'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 )
=2092/( ( (4287 + max(2033, 0)) + (4206 + max(4742, 0)) )/ 2 )
=2092/( ( 6320 + 8948 )/ 2 )
=2092/7634
=27.40 %

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)
=(4210 + 6899 + 1131) - (6801 + 3406 + 0)
=2033

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6320 + 6183 + 1416) - (6483 + 2694 + 0)
=4742

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 %:

EIDP'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 )
=697/4492
=15.52 %

* 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.


EIDP Operating Income Related Terms

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


EIDP (CTAPA.PFD) Business Description

Traded in Other Exchanges
Address
9330 Zionsville Road, Indianapolis, IN, USA, 46268
EIDP Inc formerly, E.I. du Pont de Nemours & Co provides Agricultural solutions to the farmers. The company operates in two segments: seed and crop protection. The seed segment develops and supplies commercial seed combining superior germplasm with advanced traits to produce high yield potential for farmers, while the crop protection segment supplies products to protect crop yields against weeds, insects, and disease. Some of its products include Corn, Soybean, oilseeds, Fungicides, Herbicides, and Insecticides. Its geographical segments include North America, EMEA(Europe, the Middle East, and Africa), Latin America, and the Asia Pacific. Nearly half of the revenue comes from North America.
Executives
Rajan Gajaria officer: EVP, Business Platforms C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Fuerer Cornel B officer: SVP, Gen Counsel and Secretary C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Gregory R Page director EATON CENTER, 1111 SUPERIOR AVENUE, CLEVELAND OH 44114
Lois D Juliber director 1007 MARKET ST, WILMINGTON DE 19898
Michael O. Johanns director DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Collins James C. Jr. director, officer: Chief Executive Officer 1007 MARKET STREET, D-9058, WILMINGTON DE 19898
Gregory R Friedman officer: Executive VP, CFO C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Timothy P Glenn officer: EVP, Chief Commercial Officer C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Pat Ward director 500 JACKSON STREET, COLUMBUS IN 47201
Lee M Thomas director 133 PEACHTREE ST NE, 41ST FL, ATLANTA GA 30303
Robert A Brown director 1007 MARKET STREET, D-9000, WILMINGTON DE 19898
Lamberto Andreotti director BRISTOL-MYERS SQUIBB CO, 345 PARK AVENUE, NEW YORK NY 10154
Marcos M Lutz director C/O CORTEVA AGRISCIENCE, CHESTNUT RUN PLAZA, 735, 974 CENTRE RD, WILMINGTON DE 19805
Rebecca B. Liebert director PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Nayaki R Nayyar director C/O VERITONE, INC., 575 ANTON BOULEVARD, SUITE 100, COSTA MESA CA 92626

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