GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » PT Pabrik Kertas Tjiwi Kimia Tbk (ISX:TKIM) » Definitions » Operating Income

PT Pabrik Kertas Tjiwi Kimia Tbk (ISX:TKIM) Operating Income : Rp990,588 Mil (TTM As of Dec. 2023)


View and export this data going back to 1990. Start your Free Trial

What is PT Pabrik Kertas Tjiwi Kimia Tbk Operating Income?

PT Pabrik Kertas Tjiwi Kimia Tbk's Operating Income for the three months ended in Dec. 2023 was Rp341,896 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was Rp990,588 Mil.

Warning Sign:

PT Pabrik Kertas Tjiwi Kimia Tbk 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. PT Pabrik Kertas Tjiwi Kimia Tbk's Operating Income for the three months ended in Dec. 2023 was Rp341,896 Mil. PT Pabrik Kertas Tjiwi Kimia Tbk's Revenue for the three months ended in Dec. 2023 was Rp4,026,642 Mil. Therefore, PT Pabrik Kertas Tjiwi Kimia Tbk's Operating Margin % for the quarter that ended in Dec. 2023 was 8.49%.

Good Sign:

PT Pabrik Kertas Tjiwi Kimia Tbk operating margin is expanding. Margin expansion is usually a good sign.

PT Pabrik Kertas Tjiwi Kimia Tbk's 5-Year average Growth Rate for Operating Margin % was 14.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PT Pabrik Kertas Tjiwi Kimia Tbk's annualized ROC % for the quarter that ended in Dec. 2023 was 2.32%. PT Pabrik Kertas Tjiwi Kimia Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 24.27%.


PT Pabrik Kertas Tjiwi Kimia Tbk Operating Income Historical Data

The historical data trend for PT Pabrik Kertas Tjiwi Kimia 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 Pabrik Kertas Tjiwi Kimia Tbk Operating Income Chart

PT Pabrik Kertas Tjiwi Kimia 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 383,779.19 595,499.37 713,150.31 1,003,575.66 1,000,282.11

PT Pabrik Kertas Tjiwi Kimia Tbk Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -24,194.30 241,564.52 208,876.46 198,251.46 341,895.89

PT Pabrik Kertas Tjiwi Kimia 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was Rp990,588 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 Pabrik Kertas Tjiwi Kimia Tbk  (ISX:TKIM) Operating Income Explanation

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

PT Pabrik Kertas Tjiwi Kimia Tbk'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 )
=1367583.56 * ( 1 - 12.19% )/( (52019326.762 + 51292553.922)/ 2 )
=1200875.124036/51655940.342
=2.32 %

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))
=56439329.836 - 3374668.714 - ( 6654768.577 - max(0, 11093992.836 - 12139327.196+6654768.577))
=52019326.762

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))
=55650470.111 - 2156450.745 - ( 6477938.943 - max(0, 9352728.708 - 11554194.152+6477938.943))
=51292553.922

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

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

PT Pabrik Kertas Tjiwi Kimia Tbk'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 )
=3400706.36/( ( (12427831.282 + max(1503273.657, 0)) + (11868618.742 + max(2228952.16, 0)) )/ 2 )
=3400706.36/( ( 13931104.939 + 14097570.902 )/ 2 )
=3400706.36/14014337.9205
=24.27 %

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)
=(1507667.514 + 3627245.641 + 321869.455) - (3374668.714 + 0 + 578840.239)
=1503273.657

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1099514.859 + 3361534.323 + 593962.789) - (2156450.745 + 0 + 669609.066)
=2228952.16

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 %:

PT Pabrik Kertas Tjiwi Kimia Tbk'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 )
=341895.89/4026641.919
=8.49 %

* 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 Pabrik Kertas Tjiwi Kimia Tbk Operating Income Related Terms

Thank you for viewing the detailed overview of PT Pabrik Kertas Tjiwi Kimia Tbk's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.


PT Pabrik Kertas Tjiwi Kimia Tbk (ISX:TKIM) Business Description

Traded in Other Exchanges
Address
Jalan M.H. Thamrin No. 51, Sinarmas Land Plaza, Tower II, 9th Floor, Jakarta, IDN, 10350
PT Pabrik Kertas Tjiwi Kimia Tbk is engaged in paper and stationery manufacturing with its main product such as printed paper, coated, and carbonless. The company also produces a wide range of converted stationery and office products such as exercise books, writing pad, loose-leaf, spiral, envelope, computer form, gift wrapping paper, and shopping bag. It operates in two business segments that are Cultural paper products, and Industrial paper products and others. The Cultural paper products segment consists primarily of printing and writing paper and related paper products; the Industrial paper segment consists of fluting medium paper and carton boxes; The other product segment includes the sale of the chemical by-product.

PT Pabrik Kertas Tjiwi Kimia Tbk (ISX:TKIM) Headlines

No Headlines