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Thai Mitsuwa PCL (BKK:TMW-R) Operating Income : ฿566 Mil (TTM As of Mar. 2025)


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What is Thai Mitsuwa PCL Operating Income?

Thai Mitsuwa PCL's Operating Income for the three months ended in Mar. 2025 was ฿67 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2025 was ฿566 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Thai Mitsuwa PCL's Operating Income for the three months ended in Mar. 2025 was ฿67 Mil. Thai Mitsuwa PCL's Revenue for the three months ended in Mar. 2025 was ฿859 Mil. Therefore, Thai Mitsuwa PCL's Operating Margin % for the quarter that ended in Mar. 2025 was 7.77%.

Good Sign:

Thai Mitsuwa PCL operating margin is expanding. Margin expansion is usually a good sign.

Thai Mitsuwa PCL's 5-Year average Growth Rate for Operating Margin % was 23.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Thai Mitsuwa PCL's annualized ROC % for the quarter that ended in Mar. 2025 was 8.43%. Thai Mitsuwa PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 15.46%.


Thai Mitsuwa PCL Operating Income Historical Data

The historical data trend for Thai Mitsuwa 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 Mitsuwa PCL Operating Income Chart

Thai Mitsuwa PCL Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 73.64 131.63 233.22 567.12 566.33

Thai Mitsuwa PCL Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 128.44 165.68 169.87 164.09 66.70

Thai Mitsuwa 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. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿566 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 Mitsuwa PCL  (BKK:TMW-R) Operating Income Explanation

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

Thai Mitsuwa PCL's annualized ROC % for the quarter that ended in Mar. 2025 is calculated as:

ROC % (Q: Mar. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Mar. 2025 ))/ count )
=266.78 * ( 1 - 20.01% )/( (2525.435 + 2537.664)/ 2 )
=213.397322/2531.5495
=8.43 %

where

Invested Capital(Q: Dec. 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))
=4154.785 - 591.808 - ( 1037.542 - max(0, 603.597 - 2006.862+1037.542))
=2525.435

Invested Capital(Q: Mar. 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))
=4295.864 - 640.78 - ( 1117.42 - max(0, 660.959 - 2107.521+1117.42))
=2537.664

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

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

Thai Mitsuwa PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Mar. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=381.604/( ( (2090.432 + max(362.533, 0)) + (2147.929 + max(334.775, 0)) )/ 2 )
=381.604/( ( 2452.965 + 2482.704 )/ 2 )
=381.604/2467.8345
=15.46 %

where Working Capital is:

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(604.879 + 323.617 + 37.634) - (591.808 + 0 + 11.789)
=362.533

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(578.702 + 367.875 + 40.272) - (640.78 + 3.838 + 7.456)
=334.775

When net working capital is negative, 0 is used.

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

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

Thai Mitsuwa PCL's Operating Margin % for the quarter that ended in Mar. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2025 )/Revenue (Q: Mar. 2025 )
=66.695/858.716
=7.77 %

* 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 Mitsuwa PCL Operating Income Related Terms

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Thai Mitsuwa PCL Business Description

Traded in Other Exchanges
Address
31 Moo 2, Tambol Banchang, Amphur Muang, Pathum Thani, THA, 12000
Thai Mitsuwa PCL is a Thailand-based manufacturing company. The company's operating segment includes the manufacture and sales of plastic; the manufacture and sales of magnesium and the manufacture and sales of mold. It generates maximum revenue from the manufacture and sales of the magnesium segment. The product portfolio of the company includes Automotive parts comprising plastic parts for fenders front, rear panels, and door handles; Home Appliances comprising plastic parts for audio-video products like DVD and Home systems and magnesium products.

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