Rogers Sugar (TSX:RSI) Operating Income : C$95 Mil (TTM As of Dec. 2023)

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What is Rogers Sugar Operating Income?

Rogers Sugar's Operating Income for the three months ended in Dec. 2023 was C$26 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was C$95 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Rogers Sugar's Operating Income for the three months ended in Dec. 2023 was C$26 Mil. Rogers Sugar's Revenue for the three months ended in Dec. 2023 was C$289 Mil. Therefore, Rogers Sugar's Operating Margin % for the quarter that ended in Dec. 2023 was 9.04%.

Warning Sign:

Rogers Sugar Inc operating margin has been in a 5-year decline. The average rate of decline per year is -5.5%.

Rogers Sugar's 5-Year average Growth Rate for Operating Margin % was -5.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Rogers Sugar's annualized ROC % for the quarter that ended in Dec. 2023 was 9.31%. Rogers Sugar's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 19.00%.

Rogers Sugar Operating Income Historical Data

The historical data trend for Rogers Sugar'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.

Rogers Sugar Operating Income Chart

Rogers Sugar Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Operating Income

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74.15

68.01

84.50

63.31

94.96

Rogers Sugar Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Operating Income	Get a 7-Day Free Trial															26.28	21.86	24.01	22.82	26.11

Rogers Sugar 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 C$95 Mil.

Rogers Sugar (TSX:RSI) Operating Income Explanation

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

Rogers Sugar'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	104.44 * ( 1 - 27.87% )	/	( (821.442	+	796.147)	/ 2 )
=	75.332572	/	808.7945
=	9.31 %

where

	Invested Capital		(Q: Sep. 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	))
=	960.901	-	139.413	-	( 0.046	-	max(0, 229.323	-	401.777	+	0.046	))
=	821.442

	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	))
=	934.726	-	132.745	-	( 5.834	-	max(0, 204.724	-	371.811	+	5.834	))
=	796.147

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

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

Rogers Sugar'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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	100.504	/	( ( (297.158 + max(224.539, 0))	+	(306.399 + max(229.681, 0)) )	/	2 )
=	100.504	/	( ( 521.697	+	536.08 )	/	2 )
=	100.504	/	528.8885
=	19.00 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(108.755	+	267.268	+	15.475)	-	(139.413	+	0	+	27.546)
=	224.539

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(92.657	+	239.35	+	33.144)	-	(132.745	+	0	+	2.725)
=	229.681

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 %:

Rogers Sugar'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 )
	=	26.11	/	288.699
	=	9.04 %

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.

Rogers Sugar Operating Income Related Terms

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Rogers Sugar (TSX:RSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Rogers Sugar Inc (TSX:RSI) » Definitions » Operating Income

Comparable Companies

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RSGUF:USA 16R:Germany

Address

123 Rogers Street, Vancouver, BC, CAN, V6B 3V2

Website

https://www.lanticrogers.com

Rogers Sugar Inc is a Canada-based sugar-producing company. The company along with its subsidiaries is principally engaged in refining, packaging, and marketing sugar products. The products offered by the company include Brown sugar, Yellow sugar, Icing sugar and other related sugar products. It operates in the following reportable segments: Sugar and Maple products, of which the majority of the revenue comes from sugar products. Its geographical segments include Canada, which is the key revenue generator; the United States; Europe; and others.