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Khon Kaen Sugar Industry PCL (BKK:KSL-R) Operating Income : ฿916 Mil (TTM As of Apr. 2025)


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What is Khon Kaen Sugar Industry PCL Operating Income?

Khon Kaen Sugar Industry PCL's Operating Income for the three months ended in Apr. 2025 was ฿418 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2025 was ฿916 Mil.

Warning Sign:

Khon Kaen Sugar Industry PCL has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Khon Kaen Sugar Industry PCL's Operating Income for the three months ended in Apr. 2025 was ฿418 Mil. Khon Kaen Sugar Industry PCL's Revenue for the three months ended in Apr. 2025 was ฿3,904 Mil. Therefore, Khon Kaen Sugar Industry PCL's Operating Margin % for the quarter that ended in Apr. 2025 was 10.71%.

Good Sign:

Khon Kaen Sugar Industry PCL operating margin is expanding. Margin expansion is usually a good sign.

Khon Kaen Sugar Industry PCL's 5-Year average Growth Rate for Operating Margin % was 18.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Khon Kaen Sugar Industry PCL's annualized ROC % for the quarter that ended in Apr. 2025 was 2.23%. Khon Kaen Sugar Industry PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2025 was 4.86%.


Khon Kaen Sugar Industry PCL Operating Income Historical Data

The historical data trend for Khon Kaen Sugar Industry PCL'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.

Khon Kaen Sugar Industry PCL Operating Income Chart

Khon Kaen Sugar Industry PCL Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 235.19 368.50 1,611.85 1,347.55 1,521.43

Khon Kaen Sugar Industry PCL Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
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 556.39 289.57 -12.38 220.24 418.12

Khon Kaen Sugar Industry PCL 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 Apr. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿916 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.


Khon Kaen Sugar Industry PCL  (BKK:KSL-R) Operating Income Explanation

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

Khon Kaen Sugar Industry PCL's annualized ROC % for the quarter that ended in Apr. 2025 is calculated as:

ROC % (Q: Apr. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2025 ) + Invested Capital (Q: Apr. 2025 ))/ count )
=1672.468 * ( 1 - 28.32% )/( (51539.207 + 56154.777)/ 2 )
=1198.8250624/53846.992
=2.23 %

where

Invested Capital(Q: Jan. 2025 )
=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))
=49014.819 - 3130.143 - ( 403.099 - max(0, 16400.606 - 10746.075+403.099))
=51539.207

Invested Capital(Q: Apr. 2025 )
=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))
=51471.032 - 1483.892 - ( 329.656 - max(0, 19517.608 - 13349.971+329.656))
=56154.777

Note: The Operating Income data used here is four times the quarterly (Apr. 2025) data.

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

Khon Kaen Sugar Industry PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2025  Q: Apr. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1611.48/( ( (26411.672 + max(4852.02, 0)) + (26267.772 + max(8850.295, 0)) )/ 2 )
=1611.48/( ( 31263.692 + 35118.067 )/ 2 )
=1611.48/33190.8795
=4.86 %

where Working Capital is:

Working Capital(Q: Jan. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1584.051 + 7519.855 + 66.882000000001) - (3130.143 + 0 + 1188.625)
=4852.02

Working Capital(Q: Apr. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1282.697 + 10921.917 + 30.191999999999) - (1483.892 + 0 + 1900.619)
=8850.295

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Apr. 2025) EBIT data.

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

Khon Kaen Sugar Industry PCL's Operating Margin % for the quarter that ended in Apr. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Apr. 2025 )/Revenue (Q: Apr. 2025 )
=418.117/3903.797
=10.71 %

* 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.


Khon Kaen Sugar Industry PCL Operating Income Related Terms

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Khon Kaen Sugar Industry PCL Business Description

Traded in Other Exchanges
Address
Sriayudahya Road, No. 503 K.S.L. Tower, 9th Floor, Thanon Phaya Thai Sub-District, Ratchathewi District, Bangkok, THA, 10400
Khon Kaen Sugar Industry PCL manufactures and distributes sugar and molasses in Thailand. It also sells the byproducts of its sugar production, including ethanol that it sells to oil companies and electricity that it sells to the Electricity Generating Authority of Thailand, which has a monopoly in Thailand's electrical energy market and is the country's power producer. The company has three operating segments - Manufacture and Distribution of Sugar and Molasses, Manufacture and Sale of Electricity, and Real Estate Rental. The company generates the majority of its revenue from the Manufacture and Distribution of Sugar and Molasses. In addition to Thailand, the company sells its products in Laos and Cambodia.

Khon Kaen Sugar Industry PCL Headlines

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