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Thai Nakarin Hospital PCL (BKK:TNH-R) Operating Income : ฿486 Mil (TTM As of Oct. 2023)


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What is Thai Nakarin Hospital PCL Operating Income?

Thai Nakarin Hospital PCL's Operating Income for the three months ended in Oct. 2023 was ฿157 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Oct. 2023 was ฿486 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Thai Nakarin Hospital PCL's Operating Income for the three months ended in Oct. 2023 was ฿157 Mil. Thai Nakarin Hospital PCL's Revenue for the three months ended in Oct. 2023 was ฿696 Mil. Therefore, Thai Nakarin Hospital PCL's Operating Margin % for the quarter that ended in Oct. 2023 was 22.61%.

Good Sign:

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

Thai Nakarin Hospital PCL's 5-Year average Growth Rate for Operating Margin % was 1.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Thai Nakarin Hospital PCL's annualized ROC % for the quarter that ended in Oct. 2023 was 32.99%. Thai Nakarin Hospital PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was 53.17%.


Thai Nakarin Hospital PCL Operating Income Historical Data

The historical data trend for Thai Nakarin Hospital 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 Nakarin Hospital PCL Operating Income Chart

Thai Nakarin Hospital PCL Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 361.73 287.39 338.97 522.39 424.02

Thai Nakarin Hospital PCL Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 90.16 99.27 94.02 135.10 157.38

Thai Nakarin Hospital 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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿486 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 Nakarin Hospital PCL  (BKK:TNH-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 Nakarin Hospital PCL's annualized ROC % for the quarter that ended in Oct. 2023 is calculated as:

ROC % (Q: Oct. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jul. 2023 ) + Invested Capital (Q: Oct. 2023 ))/ count )
=629.512 * ( 1 - 19.28% )/( (1530.727 + 1550.115)/ 2 )
=508.1420864/1540.421
=32.99 %

where

Invested Capital(Q: Jul. 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))
=3181.146 - 308.897 - ( 1437.934 - max(0, 342.139 - 1683.661+1437.934))
=1530.727

Note: The Operating Income data used here is four times the quarterly (Oct. 2023) data.

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

Thai Nakarin Hospital PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Oct. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2023  Q: Oct. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=629.512/( ( (894.272 + max(-103.829, 0)) + (1473.717 + max(-133.094, 0)) )/ 2 )
=629.512/( ( 894.272 + 1473.717 )/ 2 )
=629.512/1183.9945
=53.17 %

where Working Capital is:

Working Capital(Q: Jul. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(204.472 + 33.575 + 0.26300000000015) - (308.897 + 0 + 33.242)
=-103.829

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(217.231 + 38.645 + 0.34400000000005) - (347.515 + 0 + 41.799)
=-133.094

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Oct. 2023) EBIT data.

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

Thai Nakarin Hospital PCL's Operating Margin % for the quarter that ended in Oct. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Oct. 2023 )/Revenue (Q: Oct. 2023 )
=157.378/695.989
=22.61 %

* 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 Nakarin Hospital PCL Operating Income Related Terms

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Thai Nakarin Hospital PCL (BKK:TNH-R) Business Description

Traded in Other Exchanges
Address
No. 345 Debaratna Road, km.3.5 Bangna Nuea, Bangna, Bangkok, THA, 10260
Thai Nakarin Hospital PCL is engaged in operating hospital in Thailand. It provides inpatient and outpatient services, and medical services. The company's operating units consists of an emergency department, X-ray unit, pharmacy department, physical therapy department, laboratory department and others.

Thai Nakarin Hospital PCL (BKK:TNH-R) Headlines

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