GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Choppies Enterprises Ltd (BOT:CHOPPIES) » Definitions » Operating Income

Choppies Enterprises (BOT:CHOPPIES) Operating Income : BWP305 Mil (TTM As of Jun. 2024)


View and export this data going back to 2012. Start your Free Trial

What is Choppies Enterprises Operating Income?

Choppies Enterprises's Operating Income for the six months ended in Jun. 2024 was BWP131 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2024 was BWP305 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Choppies Enterprises's Operating Income for the six months ended in Jun. 2024 was BWP131 Mil. Choppies Enterprises's Revenue for the six months ended in Jun. 2024 was BWP4,219 Mil. Therefore, Choppies Enterprises's Operating Margin % for the quarter that ended in Jun. 2024 was 3.11%.

Warning Sign:

Choppies Enterprises Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -3%.

Choppies Enterprises's 5-Year average Growth Rate for Operating Margin % was -3.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Choppies Enterprises's annualized ROC % for the quarter that ended in Jun. 2024 was 9.31%. Choppies Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 19.04%.


Choppies Enterprises Operating Income Historical Data

The historical data trend for Choppies Enterprises'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.

Choppies Enterprises Operating Income Chart

Choppies Enterprises Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 330.36 295.00 357.00 380.00 305.00

Choppies Enterprises Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 203.00 129.00 251.00 174.00 131.00

Choppies Enterprises 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was BWP305 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.


Choppies Enterprises  (BOT:CHOPPIES) Operating Income Explanation

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

Choppies Enterprises's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=262 * ( 1 - 23.81% )/( (2158 + 2130)/ 2 )
=199.6178/2144
=9.31 %

where

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Choppies Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=288/( ( (1517 + max(-273, 0)) + (1508 + max(-454, 0)) )/ 2 )
=288/( ( 1517 + 1508 )/ 2 )
=288/1512.5
=19.04 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(229 + 678 + 17) - (1181 + 0 + 16)
=-273

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18 + 664 + 117) - (1253 + 0 + 0)
=-454

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

Choppies Enterprises's Operating Margin % for the quarter that ended in Jun. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2024 )/Revenue (Q: Jun. 2024 )
=131/4219
=3.11 %

* 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.


Choppies Enterprises Operating Income Related Terms

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


Choppies Enterprises Business Description

Traded in Other Exchanges
Address
Plot 169, Gaborone International Commerce Park, Gaborone, BWA, 00278
Choppies Enterprises Ltd operates a supermarket chain store in Botswana. The company's supermarket store offers international food brands, fast-moving consumer goods products, and Choppies' private brand products. Its product offerings include groceries, fresh fruit and vegetables, bakery, butchery, takeaways, and value added/ financial services. The company segments consist of Botswana, Zambia, Zimbabwe, Kamoso Liquor, Rest of Kamoso and Namibia. Majority of the revenue is derived from Botswana.

Choppies Enterprises Headlines

No Headlines