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EnerSys Operating Income

: $271 Mil (TTM As of Jun. 2021)
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EnerSys's Operating Income for the three months ended in Jun. 2021 was $69 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2021 was $271 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. EnerSys's Operating Income for the three months ended in Jun. 2021 was $69 Mil. EnerSys's Revenue for the three months ended in Jun. 2021 was $815 Mil. Therefore, EnerSys's Operating Margin % for the quarter that ended in Jun. 2021 was 8.43%.

Warning Sign:

EnerSys operating margin has been in 5-year decline. The average rate of decline per year is -7.1%.

EnerSys'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. EnerSys's annualized ROC % for the quarter that ended in Jun. 2021 was 9.37%. EnerSys's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was 21.48%.


EnerSys Operating Income Historical Data

The historical data trend for EnerSys'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.

EnerSys Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Operating Income
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 282.01 276.33 251.61 255.22 256.75

EnerSys Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 54.61 58.53 71.27 72.34 68.73

EnerSys 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 Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $271 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.


EnerSys  (NYSE:ENS) Operating Income Explanation

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

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

ROC % (Q: Jun. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2021 ) + Invested Capital (Q: Jun. 2021 ))/ count )
=274.928 * ( 1 - 15.99% )/( (2426.652 + 2501.729)/ 2 )
=230.9670128/2464.1905
=9.37 %

where

Invested Capital(Q: Mar. 2021 )
=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))
=3462.797 - 584.337 - ( 451.808 - max(0, 676.988 - 1691.317+451.808))
=2426.652

Invested Capital(Q: Jun. 2021 )
=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))
=3472.445 - 564.483 - ( 406.233 - max(0, 604.743 - 1699.8+406.233))
=2501.729

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

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

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

ROC (Joel Greenblatt) %(Q: Jun. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2021  Q: Jun. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=245.584/( ( (497.056 + max(561.308, 0)) + (499.185 + max(729.084, 0)) )/ 2 )
=245.584/( ( 1058.364 + 1228.269 )/ 2 )
=245.584/1143.3165
=21.48 %

where Working Capital is:

Working Capital(Q: Mar. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(603.581 + 518.247 + 60.305) - (584.337 + 15.992 + 20.496)
=561.308

Working Capital(Q: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(580.961 + 563.914 + 148.692) - (564.483 + 0 + 1.1368683772162E-13)
=729.084

When net working capital is negative, 0 is used.

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

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

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

Operating Margin %=Operating Income (Q: Jun. 2021 )/Revenue (Q: Jun. 2021 )
=68.732/814.893
=8.43 %

* 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.


EnerSys Operating Income Related Terms

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


EnerSys Business Description

EnerSys logo
Industry
Industrials » Industrial Products NAICS : 335911 SIC : 5063
Traded in Other Exchanges
Address
2366 Bernville Road, Reading, PA, USA, 19605
EnerSys provides stored energy solutions for industrial applications. It also manufactures and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. Energy Systems which combine enclosures, power conversion, power distribution and energy storage are used in the telecommunication and broadband, utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Its segments include Energy Systems, Motive Power, and Specialty.
Executives
Katsaros Arthur T director 7201 HAMILTON BLVD ALLENTOWN PA 181951501
Tufano Paul J director C/O SOLECTRON CORPORATION 847 GIBRALTAR DR. MILPITAS CA 95035
Vargo Ronald P director 41 UNIVERSITY DRIVE, SUITE 202 NEWTOWN PA 18940
Kane Kerry M officer: VP, Corporate Controller & PAO 2366 BERNVILLE ROAD READING PA 19605
Magnus Robert director 2366 BERNVILLE ROAD READING PA 19605
Connors Nelda J director BOSTON SCIENTIFIC CORPORATION 300 BOSTON SCIENTIFIC WAY MARLBOROUGH MA 01752-1234
Chung Hwan-yoon director METALMARK CAPITAL LLC 1177 AVENUE OF THE AMERICAS, 40TH FLOOR NEW YORK NY 10036
Schmidtlein Michael J officer: Executive Vice President & CFO 2366 BERNVILLE ROAD READING PA 19605
Hoffen Howard I director 1585 BROADWAY NEW YORK NY 10036
Fludder Steven M director 264 NANTASKET ROAD HULL MA 02045
Shaffer David M director, officer: President & CEO C/O ENERSYS 2366 BERNVILLE ROAD READING PA 19605
Zogby Andrew M. officer: Pres. Energy Systems Global 2366 BERNVILLE ROAD READING PA 19605
Chan Caroline director 2366 BERNVILLE ROAD READING PA 19605
Lehman John F director 450 PARK AVENUE 6TH FLOOR NEW YORK NY 10022
Marlo Dennis S director 1130 BERKSHIRE BOULEVARD WYOMISSING PA 19610

EnerSys Headlines

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