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Pruksa Real Estate PCL (BKK:PS-R) Operating Income : ฿7,698.92 Mil (TTM As of Mar. 2018)


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What is Pruksa Real Estate PCL Operating Income?

Pruksa Real Estate PCL's Operating Income for the three months ended in Mar. 2018 was ฿1,175.63 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2018 was ฿7,698.92 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Pruksa Real Estate PCL's Operating Income for the three months ended in Mar. 2018 was ฿1,175.63 Mil. Pruksa Real Estate PCL's Revenue for the three months ended in Mar. 2018 was ฿8,352.12 Mil. Therefore, Pruksa Real Estate PCL's Operating Margin % for the quarter that ended in Mar. 2018 was 14.08%.

Warning Sign:

Pruksa Real Estate PCL operating margin has been in 5-year decline. The average rate of decline per year is -3.7%.

Pruksa Real Estate PCL's 5-Year average Growth Rate for Operating Margin % was -3.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pruksa Real Estate PCL's annualized ROC % for the quarter that ended in Mar. 2018 was 5.81%. Pruksa Real Estate PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2018 was 7.66%.


Pruksa Real Estate PCL Operating Income Historical Data

The historical data trend for Pruksa Real Estate 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.

Pruksa Real Estate PCL Operating Income Chart

Pruksa Real Estate PCL Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,614.44 8,851.13 9,792.94 7,874.90 7,422.12

Pruksa Real Estate PCL Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
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 940.24 2,386.67 1,759.50 2,377.12 1,175.63

Pruksa Real Estate 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 Mar. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿7,698.92 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.


Pruksa Real Estate PCL  (BKK:PS-R) Operating Income Explanation

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

Pruksa Real Estate PCL's annualized ROC % for the quarter that ended in Mar. 2018 is calculated as:

ROC % (Q: Mar. 2018 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2017 ) + Invested Capital (Q: Mar. 2018 ))/ count )
=4702.52 * ( 1 - 20.06% )/( (62821.468 + 66623.044)/ 2 )
=3759.194488/64722.256
=5.81 %

where

Invested Capital(Q: Dec. 2017 )
=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))
=71228.198 - 7097.745 - ( 1308.985 - max(0, 19128.362 - 66186.911+1308.985))
=62821.468

Invested Capital(Q: Mar. 2018 )
=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))
=75958.014 - 7796.306 - ( 1538.664 - max(0, 25272.673 - 70977.662+1538.664))
=66623.044

Note: The Operating Income data used here is four times the quarterly (Mar. 2018) data.

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

Pruksa Real Estate PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2018 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2018 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2017  Q: Mar. 2018
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4702.156/( ( (3662.658 + max(56020.999, 0)) + (3601.17 + max(59552.333, 0)) )/ 2 )
=4702.156/( ( 59683.657 + 63153.503 )/ 2 )
=4702.156/61418.58
=7.66 %

where Working Capital is:

Working Capital(Q: Dec. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 63791 + 1086.201) - (7097.745 + 1061.926 + 696.531)
=56020.999

Working Capital(Q: Mar. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 67757 + 1681.994) - (7796.306 + 1502.821 + 587.534)
=59552.333

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2018) EBIT data.

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

Pruksa Real Estate PCL's Operating Margin % for the quarter that ended in Mar. 2018 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2018 )/Revenue (Q: Mar. 2018 )
=1175.63/8352.119
=14.08 %

* 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.


Pruksa Real Estate PCL Operating Income Related Terms

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Pruksa Real Estate PCL Business Description

Traded in Other Exchanges
N/A
Address
Pruksa Real Estate PCL was founded on April 20, 1993. The Company is engaged in the business of real estate development for residential purposes, including townhouses, single-detached houses, and condominiums. It comprised the following reportable segments; SBU Townhouse which includes Baan Pruksa, Pruksa Ville, The Connect, and SD3; SBU Condominium 1 which includes Condominium I, Condominium II, and Condominium IV; SBU Single house which includes Pruksa Town, Passorn, and Pruksa Village and SBU Condominium 2 which includes Condominium III, Condominium V, and Condominium VI. Its geographical areas of operations include Thailand, India, Maldives and Vietnam.

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