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Bunge Operating Income

: $2,318 Mil (TTM As of Sep. 2021)
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Bunge's Operating Income for the three months ended in Sep. 2021 was $535 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2021 was $2,318 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Bunge's Operating Income for the three months ended in Sep. 2021 was $535 Mil. Bunge's Revenue for the three months ended in Sep. 2021 was $14,117 Mil. Therefore, Bunge's Operating Margin % for the quarter that ended in Sep. 2021 was 3.79%.

Bunge'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. Bunge's annualized ROC % for the quarter that ended in Sep. 2021 was 9.93%. Bunge's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was 26.45%.


Bunge Operating Income Historical Data

The historical data trend for Bunge'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.

Bunge Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Operating Income
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,126.00 328.00 843.00 -809.00 1,427.00

Bunge Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Operating Income 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 Premium Member Only Premium Member Only Premium Member Only 250.00 539.00 876.00 368.00 535.00

Bunge 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 Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,318 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.


Bunge  (NYSE:BG) Operating Income Explanation

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

Bunge's annualized ROC % for the quarter that ended in Sep. 2021 is calculated as:

ROC % (Q: Sep. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2021 ) + Invested Capital (Q: Sep. 2021 ))/ count )
=2140 * ( 1 - 12.42% )/( (19982 + 17749)/ 2 )
=1874.212/18865.5
=9.93 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2021) data.

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

Bunge's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2021  Q: Sep. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3192/( ( (4577 + max(8078, 0)) + (4568 + max(6910, 0)) )/ 2 )
=3192/( ( 12655 + 11478 )/ 2 )
=3192/12066.5
=26.45 %

where Working Capital is:

Working Capital(Q: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2526 + 8460 + 5289) - (4202 + 258 + 3737)
=8078

Working Capital(Q: Sep. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2431 + 8014 + 4231) - (4876 + 276 + 2614)
=6910

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2021) EBIT data.

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

Bunge's Operating Margin % for the quarter that ended in Sep. 2021 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2021 )/Revenue (Q: Sep. 2021 )
=535/14117
=3.79 %

* 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.


Bunge Operating Income Related Terms

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


Bunge Business Description

Bunge logo
Industry
Address
1391 Timberlake Manor Parkway, St. Louis, MO, USA, 63017
Founded in 1818, Bunge is a global agribusiness and food company with operations along the farm-to-consumer food chain. The agribusiness segment generates roughly two thirds of profits and includes the largest oilseed processing capacity globally. The company is a leading oilseed processor and seller of packaged vegetable oils and other food and ingredients products.
Executives
Wagner Robert officer: Chief Risk Officer 1391 TIMBERLAKE MANOR PARKWAY CHESTERFIELD MT 63017
Browner Carol M. director C/O BUNGE LIMITED 50 MAIN STREET, 6TH FLOOR WHITE PLAINS NY 10606
Mauger Pierre officer: Chief Transformation Officer C/O BUNGE LIMITED, 50 MAIN STREET 6TH FLOOR WHITE PLAINS NY 10606
Winship Henry Ward Iv director PO BOX 8614 RANCHO SANTA FE CA 92067
Padilla Raul officer: President, Global Operations C/O BUNGE LTD 50 MAIN STREET WHITE PLAINS NY 10606
Borg Deborah officer: EVP & Chief HR, Comms Officer C/O BUNGE LIMITED, 50 MAIN STREET 8TH FLOOR WHITE PLAINS NY 10606
Dimopoulos Christos officer: Pres., Global Supply Chains C/O BUNGE LIMITED 50 MAIN STREET, 6TH FLOOR WHITE PLAINS NY 10606
Neppl John W officer: EVP, Chief Financial Officer 1811 AKSARBEN DRIVE OMAHA NE 68106
Zachman Brian officer: President Global Risk Mgmnt C/O BUNGE LIMITED 50 MAIN STREET, 6TH FLOOR WHITE PLAINS NY 10606
Buettner Aaron officer: SVP, Bunge Loders Croklaan C/O BUNGE LIMITED 50 MAIN STREET, 6TH FLOOR WHITE PLAINS NY 10606
Podwika Joseph officer: EVP and Chief Legal Officer C/O BUNGE LIMITED 50 MAIN STREET, 6TH FLOOR WHITE PLAINS NY 10606
Simmons Jerry Matthews Jr officer: Controller, Principal Actg Off TWO N. NINTH STREET ALLENTOWN PA 18101
Bair Sheila Colleen director 6903 ROCKLEDGE DRIVE, SUITE 1500 BETHESDA MD 20817
Fribourg Paul J director 667 MADISON AVE NEW YORK NY 10021
Fyrwald J Erik director LILLY CORPORATE CENTER INDIANAPOLIS IN 46285

Bunge Headlines

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