NTT DOCOMO (NTT DOCOMO) Operating Income : $8,221 Mil (TTM As of Sep. 2020)

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What is NTT DOCOMO Operating Income?

NTT DOCOMO's Operating Income for the three months ended in Sep. 2020 was $2,694 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2020 was $8,221 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. NTT DOCOMO's Operating Income for the three months ended in Sep. 2020 was $2,694 Mil. NTT DOCOMO's Revenue for the three months ended in Sep. 2020 was $11,217 Mil. Therefore, NTT DOCOMO's Operating Margin % for the quarter that ended in Sep. 2020 was 24.01%.

NTT DOCOMO'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. NTT DOCOMO's annualized ROC % for the quarter that ended in Sep. 2020 was 12.86%. NTT DOCOMO's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was 28.40%.

NTT DOCOMO Operating Income Historical Data

The historical data trend for NTT DOCOMO'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.

NTT DOCOMO Operating Income Chart

NTT DOCOMO Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Operating Income

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7,090.19

8,474.78

9,418.43

9,307.29

7,991.90

NTT DOCOMO Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Operating Income	Get a 7-Day Free Trial															2,447.40	2,285.14	629.40	2,612.96	2,693.60

NTT DOCOMO 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $8,221 Mil.

NTT DOCOMO (OTCPK:NTDMF) Operating Income Explanation

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

NTT DOCOMO's annualized ROC % for the quarter that ended in Sep. 2020 is calculated as:

	ROC % (Q: Sep. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2020 )	+	Invested Capital (Q: Sep. 2020 ))	/ count )
=	10774.416 * ( 1 - 30.84% )	/	( (58142.83	+	57756.566)	/ 2 )
=	7451.5861056	/	57949.698
=	12.86 %

where

	Invested Capital		(Q: Jun. 2020 )
=	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	))
=	68060.592	-	8845.203	-	( 1072.559	-	max(0, 13125.615	-	22870.108	+	1072.559	))
=	58142.83

	Invested Capital		(Q: Sep. 2020 )
=	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	))
=	72269.28	-	10218.337	-	( 4294.377	-	max(0, 14275.246	-	26073.483	+	4294.377	))
=	57756.566

Note: The Operating Income data used here is four times the quarterly (Sep. 2020) data.

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

NTT DOCOMO's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2020		Q: Sep. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	10808.284	/	( ( (30467.929 + max(9365.355, 0))	+	(27995.236 + max(8287.37, 0)) )	/	2 )
=	10808.284	/	( ( 39833.284	+	36282.606 )	/	2 )
=	10808.284	/	38057.945
=	28.40 %

where Working Capital is:

	Working Capital		(Q: Jun. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(19841.873	+	1158.506	+	797.17)	-	(8845.203	+	0	+	3586.991)
=	9365.355

	Working Capital		(Q: Sep. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(20121.376	+	1023.866	+	633.864)	-	(10218.337	+	0	+	3273.399)
=	8287.37

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

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

NTT DOCOMO's Operating Margin % for the quarter that ended in Sep. 2020 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	2693.604	/	11216.784
	=	24.01 %

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.

NTT DOCOMO Operating Income Related Terms

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NTT DOCOMO (NTT DOCOMO) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » NTT DOCOMO Inc (OTCPK:NTDMF) » Definitions » Operating Income

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Address

Sanno Park Tower, 11-1, Nagata-cho 2-chome, Chiyoda-ku, Tokyo, JPN, 100-6150

Website

http://www.nttdocomo.co.jp

NTT DoCoMo is Japan's largest wireless telephone operator. It has 78 million subscribers, leading to its market share of approximately 44%. The firm has been a technological leader, introducing wireless Internet access through its i-mode service in 1999, along with the ability to use a handset like a credit card. NTT DoCoMo also owns minority stakes in Philippine Long Distance Telephone, Hutchison Telecom Hong Kong Holdings, and other smaller phone companies. The firm's objective is to have the highest-quality network and customer service in Japan.