GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Silicon Laboratories Inc (NAS:SLAB) » Definitions » Operating Income

Silicon Laboratories (Silicon Laboratories) Operating Income : $-102.9 Mil (TTM As of Mar. 2024)


View and export this data going back to 2000. Start your Free Trial

What is Silicon Laboratories Operating Income?

Silicon Laboratories's Operating Income for the three months ended in Mar. 2024 was $-59.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-102.9 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Silicon Laboratories's Operating Income for the three months ended in Mar. 2024 was $-59.1 Mil. Silicon Laboratories's Revenue for the three months ended in Mar. 2024 was $106.4 Mil. Therefore, Silicon Laboratories's Operating Margin % for the quarter that ended in Mar. 2024 was -55.59%.

Silicon Laboratories'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. Silicon Laboratories's annualized ROC % for the quarter that ended in Mar. 2024 was -24.64%. Silicon Laboratories's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -67.32%.


Silicon Laboratories Operating Income Historical Data

The historical data trend for Silicon Laboratories'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.

Silicon Laboratories Operating Income Chart

Silicon Laboratories 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 -88.64 -107.09 -32.84 119.26 -24.15

Silicon Laboratories Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 19.57 17.17 12.22 -73.11 -59.13

Silicon Laboratories 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-102.9 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.


Silicon Laboratories  (NAS:SLAB) Operating Income Explanation

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

Silicon Laboratories's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-236.536 * ( 1 - 0.68% )/( (940.201 + 966.888)/ 2 )
=-234.9275552/953.5445
=-24.64 %

where

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))
=1443.056 - 63.631 - ( 439.224 - max(0, 163.57 - 737.931+439.224))
=940.201

Invested Capital(Q: Mar. 2024 )
=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))
=1344.153 - 44.575 - ( 332.69 - max(0, 111.359 - 646.12+332.69))
=966.888

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Silicon Laboratories's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-225.608/( ( (145.89 + max(180.137, 0)) + (142.155 + max(202.071, 0)) )/ 2 )
=-225.608/( ( 326.027 + 344.226 )/ 2 )
=-225.608/335.1265
=-67.32 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(29.295 + 194.295 + 75.117) - (63.631 + 2.117 + 52.822)
=180.137

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(32.616 + 198.206 + 82.608) - (44.575 + 3.921 + 62.863)
=202.071

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Silicon Laboratories's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=-59.134/106.375
=-55.59 %

* 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.


Silicon Laboratories Operating Income Related Terms

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


Silicon Laboratories (Silicon Laboratories) Business Description

Traded in Other Exchanges
Address
400 West Cesar Chavez, Austin, TX, USA, 78701
Silicon Laboratories Inc develops semiconductors, software, and system solutions for the "Internet of Things," Internet infrastructure, industrial control, consumer, and automotive markets. The company operates through one segment, mixed-signal analog intensive products, consisting of diverse product areas, which the company groups into four categories: Internet of Things, broadcast, infrastructure and access. The Internet of Things category is the largest contributor to the company's total revenue. Geographically, the company operates in the United States, China, Taiwan, and the Rest of world.
Executives
Robert Matthew Johnson officer: SR VP & GM, IOT 400 WEST CESAR CHAVEZ, AUSTIN TX 78701
Christy Wyatt director C/O QUOTIENT TECHNOLOGY INC., 1260 EAST STRINGHAM AVENUE, SUITE 600, SALT LAKE CITY UT 84106
Nina Richardson director C/O SILICON LABORATORIES, 400 W CESAR CHAVEZ, AUSTIN TX 78701
William G Bock director, officer: President 400 WEST CESAR CHAVEZ, AUSTIN TX 78701
Robert J Conrad director 400 W CESAR CHAVEZ, AUSTIN TX 78701
Brandon Tolany officer: Sr VP of Worldwide Sales 400 WEST CESAR CHAVEZ STREET, AUSTIN TX 78701
Sherri R Luther director 111 SW FIFTH AVE SUITE 700, PORTLAND OR 97204
Navdeep S Sooch director 400 W CESAR CHAVEZ, AUSTIN TX 78701
Jack R Lazar director 400 W. CESAR CHAVEZ, ATTN: STOCK ADMINISTRATION, AUSTIN TX 78701
Sumit Sadana director 47544 AVALON HEIGHTS TERRACE, FREMONT CA 94539
Mark D Mauldin officer: CHIEF ACCOUNTING OFFICER 400 WEST CESAR CHAVEZ, AUSTIN TX 78701
Daniel Mark Thompson officer: SR VP & GM, INFRA & Automotive 400 WEST CESAR CHAVEZ, AUSTIN TX 78701
John C Hollister officer: Sr VP and CFO 400 W CESAR CHAVEZ, AUSTIN TX 78701
George Tyson Tuttle director, officer: CEO 400 WEST CESAR CHAVEZ, AUSTIN TX 78701
Sandeep P Kumar officer: SVP, Worldwide Operations 400 W CESAR CHAVEZ, AUSTIN TX 78701