Apiam Animal Health (ASX:AHX) Operating Income: A$12.4 Mil (TTM As of Jun. 2025)

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ASX:AHX Apiam Animal Health Ltd ASX:AHX
50 GF Score
Price A$0.88
GF Value A$0.40
! 9 Warning Signs
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What is Apiam Animal Health Operating Income?

Apiam Animal Health ASX:AHX 50 Operating Income is A$12.4 Mil as of Jun. 2025. GuruFocus rates ASX:AHX with a GF Score™ of 50/100 and a GF Value™ of A$0.40. The stock has 9 warning signs investors should review.

Apiam Animal Health's Operating Income for the six months ended in Jun. 2025 was A$5.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2025 was A$12.4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Apiam Animal Health's Operating Income for the six months ended in Jun. 2025 was A$5.6 Mil. Apiam Animal Health's Revenue for the six months ended in Jun. 2025 was A$100.8 Mil. Therefore, Apiam Animal Health's Operating Margin % for the quarter that ended in Jun. 2025 was 5.51%.

Warning Sign:

Apiam Animal Health Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -3.5%.

Apiam Animal Health's 5-Year average Growth Rate for Operating Margin % was -3.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Apiam Animal Health's annualized ROC % for the quarter that ended in Jun. 2025 was 3.22%. Apiam Animal Health's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 was 17.36%.


Apiam Animal Health  (ASX:AHX) Operating Income Explanation

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

Apiam Animal Health's annualized ROC % for the quarter that ended in Jun. 2025 is calculated as:

ROC % (Q: Jun. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Jun. 2025 ))/ count )
=11.106 * ( 1 - 29.61% )/( (242.297 + 243.772)/ 2 )
=7.8175134/243.0345
=3.22 %

where

Note: The Operating Income data used here is two times the semi-annual (Jun. 2025) data.

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

Apiam Animal Health's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Jun. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=9.524/( ( (51.544 + max(2.615, 0)) + (54.292 + max(1.273, 0)) )/ 2 )
=9.524/( ( 54.159 + 55.565 )/ 2 )
=9.524/54.862
=17.36 %

where Working Capital is:

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15.444 + 15.877 + 2.443) - (15.543 + 2.082 + 13.524)
=2.615

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12.312 + 15.424 + 1.778) - (13.63 + 1.313 + 13.298)
=1.273

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2025) EBIT data.

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

Apiam Animal Health's Operating Margin % for the quarter that ended in Jun. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2025 )/Revenue (Q: Jun. 2025 )
=5.553/100.764
=5.51 %

* 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.


Apiam Animal Health Operating Income Related Terms


Apiam Animal Health Operating Income Historical Data

* Premium members only.

The historical data trend for Apiam Animal Health'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.

Apiam Animal Health Operating Income Chart

Apiam Animal Health Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.28 9.58 6.57 12.36 12.44

Apiam Animal Health Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
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 1.03 7.25 5.11 6.89 5.55
ASX:AHX
50GF Score
Apiam Animal Health Ltd ASX:AHX
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Apiam Animal Health 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 Jun. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$12.4 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of A$12.4 Mil mean?
Apiam Animal Health (ASX:AHX) has a Operating Income of A$12.4 Mil as of Jun. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Apiam Animal Health and its competitors.
Is Apiam Animal Health's Operating Income too high?
Apiam Animal Health's current Operating Income is A$12.4 Mil. Overall, Apiam Animal Health has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Apiam Animal Health's Operating Income compare to ROL and SCI?
Apiam Animal Health's Operating Income of A$12.4 Mil can be compared against companies in the Personal Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Personal Services company?
A good Operating Income depends on the Personal Services industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Apiam Animal Health and its competitors. Apiam Animal Health's current Operating Income is A$12.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apiam Animal Health stock overvalued right now?
Apiam Animal Health (ASX:AHX) has a current Operating Income of A$12.4 Mil. The stock's GF Value™ is A$0.40, compared to a current price of A$0.88 — trading 118.8% above its estimated fair value. The current Operating Income is A$12.4 Mil. Apiam Animal Health's overall GF Score™ is 50/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Apiam Animal Health (ASX:AHX), the current Operating Income is A$12.4 Mil as of Jun. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Apiam Animal Health (ASX:AHX) Overvalued in 2026?

Based on GuruFocus' analysis, Apiam Animal Health stock appears to be overvalued. The current stock price of A$0.88 is trading 118.8% above its estimated GF Value™ of A$0.40.

Key valuation signals for ASX:AHX:

  • Operating Income: A$12.4 Mil
  • GF Value™: A$0.40 vs. price of A$0.88 (118.8% above fair value)
  • GF Score™: 50/100 with 9 warning signs

No single metric tells the full story. See the ASX:AHX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Apiam Animal Health Business Description

Address 27- 33 Piper Lane, East Bendigo, Bendigo, VIC, AUS, 3550
Apiam Animal Health Ltd provides products and services to support the health and welfare of production and mixed animals. The company offers veterinary wholesale, warehousing, logistics, and other ancillary services. Its operating segments include Dairy and Mixed, Feedlots and Pigs. It generates the majority of its revenue from Dairy and Mixed. The Group operates in the segment of provision of veterinary products and services to production, companion and equine animals.
50GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.88
Price
A$0.40
GF Value