OmniVision Technologies (OmniVision Technologies) Operating Income : $45 Mil (TTM As of Oct. 2015)

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What is OmniVision Technologies Operating Income?

OmniVision Technologies's Operating Income for the three months ended in Oct. 2015 was $16 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Oct. 2015 was $45 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. OmniVision Technologies's Operating Income for the three months ended in Oct. 2015 was $16 Mil. OmniVision Technologies's Revenue for the three months ended in Oct. 2015 was $343 Mil. Therefore, OmniVision Technologies's Operating Margin % for the quarter that ended in Oct. 2015 was 4.53%.

OmniVision Technologies'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. OmniVision Technologies's annualized ROC % for the quarter that ended in Oct. 2015 was 7.11%. OmniVision Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2015 was 14.13%.

OmniVision Technologies Operating Income Historical Data

The historical data trend for OmniVision Technologies'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.

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OmniVision Technologies Operating Income Chart

OmniVision Technologies Annual Data

Trend

Apr06

Apr07

Apr08

Apr09

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Operating Income

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125.91

64.11

48.68

73.90

76.13

OmniVision Technologies Quarterly Data
	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15
Operating Income	Get a 7-Day Free Trial															29.76	9.61	4.60	14.96	15.55

OmniVision Technologies 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 Oct. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $45 Mil.

OmniVision Technologies (NAS:OVTI) Operating Income Explanation

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

OmniVision Technologies's annualized ROC % for the quarter that ended in Oct. 2015 is calculated as:

	ROC % (Q: Oct. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2015 )	+	Invested Capital (Q: Oct. 2015 ))	/ count )
=	62.188 * ( 1 - 16.41% )	/	( (729.759	+	732.426)	/ 2 )
=	51.9829492	/	731.0925
=	7.11 %

where

	Invested Capital		(Q: Jul. 2015 )
=	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	))
=	1469.978	-	146.41	-	( 593.809	-	max(0, 207.712	-	1086.775	+	593.809	))
=	729.759

	Invested Capital		(Q: Oct. 2015 )
=	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	))
=	1498.743	-	152.834	-	( 613.483	-	max(0, 211.198	-	1116.593	+	613.483	))
=	732.426

Note: The Operating Income data used here is four times the quarterly (Oct. 2015) data.

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

OmniVision Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jul. 2015		Q: Oct. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	62.188	/	( ( (143.735 + max(294.206, 0))	+	(142.014 + max(300.323, 0)) )	/	2 )
=	62.188	/	( ( 437.941	+	442.337 )	/	2 )
=	62.188	/	440.139
=	14.13 %

where Working Capital is:

	Working Capital		(Q: Jul. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(147.468	+	320.598	+	24.307)	-	(146.41	+	42.919	+	8.838)
=	294.206

	Working Capital		(Q: Oct. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(159.698	+	331.032	+	11.575)	-	(152.834	+	39.658	+	9.49)
=	300.323

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Oct. 2015) EBIT data.

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

OmniVision Technologies's Operating Margin % for the quarter that ended in Oct. 2015 is calculated as:

Operating Margin %	=	Operating Income (Q: Oct. 2015 )	/	Revenue (Q: Oct. 2015 )
	=	15.547	/	343.136
	=	4.53 %

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.

OmniVision Technologies Operating Income Related Terms

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OmniVision Technologies (OmniVision Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » OmniVision Technologies Inc (NAS:OVTI) » Definitions » Operating Income

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Website

http://www.ovt.com

OmniVision Technologies Inc is a Delaware corporation, incorporated in May 1995 in California, and reincorporated in Delaware in March 2000. The Company designs, develops and markets high-performance, highly integrated and cost-efficient semiconductor image-sensor devices. Its products include image-sensing devices namely CameraChip image sensors. Its image sensors capture an image electronically and are used in a number of consumer and commercial mass-market applications. Its CameraChip image sensors are manufactured using the complementary metal oxide semiconductor, or CMOS, fabrication process and are predominantly single-chip solutions that integrate several distinct functions including image capture, image processing, color processing, signal conversion and output of a fully processed image or video stream. It sells directly to OEMs and VARs and indirectly through distributors. OEMs include branded camera device manufacturers and contract manufacturers. The Company sells its products through a direct sales force and indirectly through distributors. It relies on a combination of patents, copyrights, trademarks and trade secrets, as well as nondisclosure agreements and other methods, to protect various aspects of its CameraChip and CameraCubeChip image sensors. Its competitors include ON Semiconductor, Samsung, Sharp, Sony, STMicroelectronics and Toshiba.

Executives

Dwight Steffensen

director