GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Thai Future Inc PCL (BKK:TFI) » Definitions » Operating Income

Thai Future PCL (BKK:TFI) Operating Income : ฿-414.7 Mil (TTM As of Sep. 2024)


View and export this data going back to 1989. Start your Free Trial

What is Thai Future PCL Operating Income?

Thai Future PCL's Operating Income for the three months ended in Sep. 2024 was ฿-96.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was ฿-414.7 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Thai Future PCL's Operating Income for the three months ended in Sep. 2024 was ฿-96.2 Mil. Thai Future PCL's Revenue for the three months ended in Sep. 2024 was ฿198.8 Mil. Therefore, Thai Future PCL's Operating Margin % for the quarter that ended in Sep. 2024 was -48.40%.

Warning Sign:

Thai Future Inc PCL operating margin has been in a 5-year decline. The average rate of decline per year is -29.8%.

Thai Future PCL's 5-Year average Growth Rate for Operating Margin % was -29.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Thai Future PCL's annualized ROC % for the quarter that ended in Sep. 2024 was -12.76%. Thai Future PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -11.02%.


Thai Future PCL Operating Income Historical Data

The historical data trend for Thai Future 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.

Thai Future PCL Operating Income Chart

Thai Future PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -132.84 -159.98 -277.84 -364.88 -400.19

Thai Future PCL Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -95.64 -104.22 -88.10 -126.20 -96.22

Thai Future 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿-414.7 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.


Thai Future PCL  (BKK:TFI) Operating Income Explanation

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

Thai Future PCL's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=-384.896 * ( 1 - 8.46% )/( (2781.356 + 2739.545)/ 2 )
=-352.3337984/2760.4505
=-12.76 %

where

Invested Capital(Q: Jun. 2024 )
=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))
=2975.662 - 197.561 - ( 65.772 - max(0, 389.491 - 386.236+65.772))
=2781.356

Invested Capital(Q: Sep. 2024 )
=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))
=2834.312 - 143.017 - ( 16.464 - max(0, 324.055 - 275.805+16.464))
=2739.545

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Thai Future PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-294.744/( ( (2586.202 + max(102.602, 0)) + (2554.938 + max(107.437, 0)) )/ 2 )
=-294.744/( ( 2688.804 + 2662.375 )/ 2 )
=-294.744/2675.5895
=-11.02 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(87.257 + 197.104 + 18.27) - (197.561 + 0 + 2.468)
=102.602

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(67.991 + 172.742 + 11.279) - (143.017 + 0 + 1.558)
=107.437

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

Thai Future PCL's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=-96.224/198.815
=-48.40 %

* 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.


Thai Future PCL Operating Income Related Terms

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


Thai Future PCL Business Description

Traded in Other Exchanges
Address
73/3 Moo 4, Bangna-Trad Road, Km. 13, Bangchalong, Bangplee, Sumutprakarn, THA, 10540
Thai Future Inc PCL is engaged in the manufacturing of packaging film. The company's product consists of two types which include film type and end-use applications. Its film-type product includes biaxially oriented polypropylene films, cast polypropylene films, polyethylene terephthalate films, and metalized films to supply domestic and overseas export.. Its end-use applications consist of flexible packaging, publishing, flower wrap, adhesive tape, labels, textile bags, overwrap, fresh produce, and biodegradable. The company's operations are carried out in several geographical regions such as Thailand, Asia, Europe, America, and others where a majority of the revenue is generated from Thailand.

Thai Future PCL Headlines

From GuruFocus

Revolve Wealth Partners, LLC Buys 3, Sells 2 in 2nd Quarter

By GuruFocus Research GuruFocus Editor 07-12-2022

Top 5 3rd Quarter Trades of MEEDER ASSET MANAGEMENT INC

By GuruFocus Research GuruFocus Editor 11-16-2022

Sequoia Financial Advisors, LLC Buys 3, Sells 2 in 4th Quarter

By GuruFocus Research GuruFocus Editor 02-12-2023

Top 5 2nd Quarter Trades of Avidian Wealth Solutions, LLC

By GuruFocus Research GuruFocus Editor 07-29-2022

New Potomac Partners, LLC Buys 3, Sells 2 in 3rd Quarter

By GuruFocus Research GuruFocus Editor 10-17-2022