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CBL International's Operating Income for the six months ended in Dec. 2023 was $0.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $1.7 Mil.
Operating Margin % is calculated as Operating Income divided by its Revenue. CBL International's Operating Income for the six months ended in Dec. 2023 was $0.2 Mil. CBL International's Revenue for the six months ended in Dec. 2023 was $243.9 Mil. Therefore, CBL International's Operating Margin % for the quarter that ended in Dec. 2023 was 0.07%.
CBL International'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. CBL International's annualized ROC % for the quarter that ended in Dec. 2023 was -1.35%. CBL International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.75%.
The historical data trend for CBL International'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.
CBL International Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Operating Income | 3.45 | 4.23 | 4.76 | 1.66 |
CBL International Semi-Annual Data | ||||||||
Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | ||
Operating Income | Get a 7-Day Free Trial | 2.50 | 1.55 | 3.21 | 1.50 | 0.17 |
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 $1.7 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.
CBL International (NAS:BANL) Operating Income Explanation
1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
CBL International'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 ) |
= | 0.334 * ( 1 - 167.74% ) | / | ( (15.183 | + | 18.262) | / 2 ) |
= | -0.2262516 | / | 16.7225 | |||
= | -1.35 % |
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 | )) |
= | 53.788 | - | 28.174 | - | ( 10.431 | - | max(0, 28.309 | - | 52.649 | + | 10.431 | )) |
= | 15.183 |
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 | )) |
= | 53.462 | - | 27.797 | - | ( 7.403 | - | max(0, 27.974 | - | 52.127 | + | 7.403 | )) |
= | 18.262 |
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:
CBL International'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 ) |
= | 0.434 | / | ( ( (1.139 + max(14.035, 0)) | + | (1.345 + max(14.99, 0)) ) | / | 2 ) |
= | 0.434 | / | ( ( 15.174 | + | 16.335 ) | / | 2 ) |
= | 0.434 | / | 15.7545 | ||||
= | 2.75 % |
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) |
= | (30.929 | + | 0 | + | 11.289) | - | (28.174 | + | 0 | + | 0.0090000000000003) |
= | 14.035 |
Working Capital | (Q: Dec. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (25.126 | + | 0 | + | 17.66) | - | (27.797 | + | 0 | + | -0.0010000000000012) |
= | 14.99 |
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 %:
CBL International'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 ) |
= | 0.167 | / | 243.942 | |
= | 0.07 % |
* 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.
Thank you for viewing the detailed overview of CBL International's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Logeswaran Ramasamy | director | 95 JALAN TAMING INDAH 2, TAMAN TAMING INDAH, BANDAR SUNGAI LONG, 43000 KAJANG N8 68100 |
Kam Choy Ho | director, 10 percent owner | FLAT 2, 22/F, BLOCK 46, HENG FA CHUEN, CHAI WAN K3 0000 |
Ulf Lothar Naujeck | director | NYSWANDERWEG 13, HAMBURG 2M 22523 |
Chiu Sing Chung Raymond | officer: Chief Financial Officer | ROOM 2101, 21/F, PRINCESS MANSION, 165 KING'S ROAD, NORTH POINT K3 0000 |
Cbl (asia) Ltd | 10 percent owner | ROOM 1213, 12/F, TOWER A, HUNGHOM COMMERCIAL CENTRE, 39 MA TAU WAI ROAD, HUNGHOM K3 0000 |
Teck Lim Chia | director, 10 percent owner, officer: Chief Executive Officer | FLAT B, 16/F, TOWER 3, ULTIMA, 23 FAT KWONG STREET, HO MAN TIN, KOWLOON K3 0000 |
Straits Energy Resources Berhad | 10 percent owner | B-07-06, PLAZA MONT KIARA, 2, JALAN KIARA, MONT KIARA, 50480 KUALA LUMPUR N8 50480 |
Khai Fei Wong | director | 33, LRG 14/2, SEKSYEN 14, PETALING JAYA N8 46100 |
Koon Liang Ong | director | 1-3-6, SEGAR VIEW CONDOMINIUM, JLN 5/100A, TMN SEGAR, WILAYAH PERSEKUTUAN N8 56100 |
Cheah Karen Yee Lynn | director | 17D-1-2, CASAVISTA CONDOMINIUM, JALAN PENAGA, BANGSAR, KUALA LUMPUR N8 59000 |
Xiaoling Lu | 10 percent owner | FLAT B, 16/F, TOWER 3, ULTIMA, 23 FAT KWONG STREET, HO MAN TIN, KOWLOON K3 0000 |
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