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Parkway Life Real Estate Investment Trust (SGX:C2PU) Operating Income : S$0.0 Mil (TTM As of Dec. 2023)


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What is Parkway Life Real Estate Investment Trust Operating Income?

Parkway Life Real Estate Investment Trust's Operating Income for the three months ended in Dec. 2023 was S$0.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was S$0.0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Parkway Life Real Estate Investment Trust's Operating Income for the three months ended in Dec. 2023 was S$0.0 Mil. Parkway Life Real Estate Investment Trust's Revenue for the three months ended in Dec. 2023 was S$0.0 Mil. Therefore, Parkway Life Real Estate Investment Trust's Operating Margin % for the quarter that ended in Dec. 2023 was %.

Good Sign:

Parkway Life Real Estate Investment Trust operating margin is expanding. Margin expansion is usually a good sign.

Parkway Life Real Estate Investment Trust's 5-Year average Growth Rate for Operating Margin % was 0.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Parkway Life Real Estate Investment Trust's annualized ROC % for the quarter that ended in Dec. 2023 was 0.00%. Parkway Life Real Estate Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.00%.


Parkway Life Real Estate Investment Trust Operating Income Historical Data

The historical data trend for Parkway Life Real Estate Investment Trust'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.

Parkway Life Real Estate Investment Trust Operating Income Chart

Parkway Life Real Estate Investment Trust 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 92.71 95.76 94.52 104.22 121.08

Parkway Life Real Estate Investment Trust Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Dec22 Jun23 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 23.63 - - - -

Parkway Life Real Estate Investment Trust 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 S$0.0 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.


Parkway Life Real Estate Investment Trust  (SGX:C2PU) Operating Income Explanation

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

Parkway Life Real Estate Investment Trust'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: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=0 * ( 1 - 0% )/( (2345.992 + 2335.543)/ 2 )
=0/2340.7675
=0.00 %

where

Invested Capital(Q: Jun. 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))
=2290.351 - 21.898 - ( 32.113 - max(0, 154.001 - 76.462+32.113))
=2345.992

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))
=2334.134 - 21.237 - ( 28.499 - max(0, 86.542 - 63.896+28.499))
=2335.543

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

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

Parkway Life Real Estate Investment Trust'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: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0/( ( (0 + max(21.979, 0)) + (0 + max(2.345, 0)) )/ 2 )
=0/( ( 21.979 + 2.345 )/ 2 )
=0/12.162
=0.00 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.684 + 0 + 40.665) - (21.898 + 0 + 0.47200000000001)
=21.979

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.184 + 0 + 30.144) - (21.237 + 0 + 11.746)
=2.345

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 %:

Parkway Life Real Estate Investment Trust'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 )
=0/0
= %

* 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.


Parkway Life Real Estate Investment Trust Operating Income Related Terms

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Parkway Life Real Estate Investment Trust (SGX:C2PU) Business Description

Traded in Other Exchanges
Address
80 Robinson Road, Number 02-00, Singapore, SGP, 068898
Parkway Life Real Estate Investment Trust is a healthcare facility's real estate investment trust. that operates three segments: hospital and medical centers, nursing homes, and pharmaceutical manufacturing and distribution. Majority of the company's sales are generated by its hospital and medical centers segment, which invests in healthcare real estate assets. Majority of the company's revenuen is generated from Singapore, followed by Japan. The company considers merger and acquisition investment as a component of its operational growth strategy.

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