Tyro Payments (ASX:TYR) Operating Income : A$0.8 Mil (TTM As of Dec. 2023)

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What is Tyro Payments Operating Income?

Tyro Payments's Operating Income for the six months ended in Dec. 2023 was A$8.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was A$0.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tyro Payments's Operating Income for the six months ended in Dec. 2023 was A$8.2 Mil. Tyro Payments's Revenue for the six months ended in Dec. 2023 was A$236.7 Mil. Therefore, Tyro Payments's Operating Margin % for the quarter that ended in Dec. 2023 was 3.48%.

Tyro Payments'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. Tyro Payments's annualized ROC % for the quarter that ended in Dec. 2023 was 4.28%. Tyro Payments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 18.27%.

Tyro Payments Operating Income Historical Data

The historical data trend for Tyro Payments'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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Tyro Payments Operating Income Chart

Tyro Payments Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Operating Income

-41.77

-23.64

-23.54

-7.87

Tyro Payments Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Operating Income	Get a 7-Day Free Trial				-15.05	-8.49	-0.40	-7.47	8.23

Tyro Payments 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 semi-annually data reported by the company within the most recent 12 months, which was A$0.8 Mil.

Tyro Payments (ASX:TYR) Operating Income Explanation

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

Tyro Payments'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 )
=	16.458 * ( 1 - 0% )	/	( (383.673	+	385.859)	/ 2 )
=	16.458	/	384.766
=	4.28 %

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	))
=	431.037	-	43.031	-	( 58.055	-	max(0, 146.891	-	151.224	+	58.055	))
=	383.673

	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	))
=	447.023	-	55.416	-	( 64.085	-	max(0, 177.649	-	183.397	+	64.085	))
=	385.859

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Tyro Payments'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 )
=	12.894	/	( ( (69.129 + max(-93.052, 0))	+	(72.045 + max(-53.826, 0)) )	/	2 )
=	12.894	/	( ( 69.129	+	72.045 )	/	2 )
=	12.894	/	70.587
=	18.27 %

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)
=	(25.401	+	2.027	+	22.017)	-	(43.031	+	0	+	99.466)
=	-93.052

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(74.77	+	1.598	+	42.944)	-	(55.416	+	0	+	117.722)
=	-53.826

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Tyro Payments'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 )
	=	8.229	/	236.656
	=	3.48 %

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.

Tyro Payments Operating Income Related Terms

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

Tyro Payments (ASX:TYR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tyro Payments Ltd (ASX:TYR) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

18/55 Market Street, Sydney, NSW, AUS, 2000

Website

https://www.tyro.com

Tyro Payments is an Australian financial technology company engaged in providing routing payments solutions and business banking products to merchants. The firm mainly caters to small to medium-size enterprises in the hospitality, retail and health sectors. It is also expanding its reach into the trade, accommodation and services verticals. Tyro's value propositions include extensive industry-specific solutions, ease of integration with point-of-sale systems, broad acceptance of payment types and a variety of ancillary features. Despite Tyro's historic focus on in-store sales, it is also building up online gateways to facilitate e-commerce transactions and build out a multichannel payment solution. Geographically, it operates only in Australia.

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