BRL Trust DTVM (BSP:RECT11) Operating Income: R$65.8 Mil (TTM As of Dec. 2024)

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BSP:RECT11 BRL Trust DTVM SA BSP:RECT11
84 GF Score
Price R$35.86
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What is BRL Trust DTVM Operating Income?

BRL Trust DTVM BSP:RECT11 +0.50% 84 Operating Income is R$65.8 Mil as of Dec. 2024. GuruFocus rates BSP:RECT11 with a GF Score™ of 84/100.

BRL Trust DTVM's Operating Income for the six months ended in Dec. 2024 was R$0.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was R$65.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. BRL Trust DTVM's Operating Income for the six months ended in Dec. 2024 was R$0.0 Mil. BRL Trust DTVM's Revenue for the six months ended in Dec. 2024 was R$0.0 Mil. Therefore, BRL Trust DTVM's Operating Margin % for the quarter that ended in Dec. 2024 was %.

BRL Trust DTVM's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BRL Trust DTVM's annualized ROC % for the quarter that ended in Dec. 2024 was 0.00%. BRL Trust DTVM's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 0.00%.

BRL Trust DTVM  (BSP:RECT11) Operating Income Explanation

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

BRL Trust DTVM's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=0 * ( 1 - 0% )/( (96.759 + 63.687)/ 2 )
=0/80.223
=0.00 %

where

Invested Capital(Q: Dec. 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))
=155.379 - 30.663 - ( 133.895 - max(0, 126.619 - 154.576+133.895))
=96.759

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))
=100.308 - 26.718 - ( 75.911 - max(0, 80.932 - 90.835+75.911))
=63.687

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

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

BRL Trust DTVM's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0/( ( (0.798 + max(-106.609, 0)) + (0.529 + max(-65.715, 0)) )/ 2 )
=0/( ( 0.798 + 0.529 )/ 2 )
=0/0.6635
=0.00 %

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)
=(13.186 + 0 + 6.824) - (30.663 + 0 + 95.956)
=-106.609

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12.406 + 0 + 2.811) - (26.718 + 0 + 54.214)
=-65.715

When net working capital is negative, 0 is used.

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

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

BRL Trust DTVM's Operating Margin % for the quarter that ended in Dec. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2024 )/Revenue (Q: Dec. 2024 )
=0/0
= %

* 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.

BRL Trust DTVM Operating Income Related Terms

BRL Trust DTVM Operating Income Historical Data

* Premium members only.

The historical data trend for BRL Trust DTVM'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.

BRL Trust DTVM Operating Income Chart

BRL Trust DTVM Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial 31.85 57.39 77.56 65.84 50.03

BRL Trust DTVM Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Dec24
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.23 39.33 33.60 32.24 0.00
BSP:RECT11
84GF Score
BRL Trust DTVM SA BSP:RECT11
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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BRL Trust DTVM 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 Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R$65.8 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of R$65.8 Mil mean?
BRL Trust DTVM (BSP:RECT11) has a Operating Income of R$65.8 Mil as of Dec. 2024. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on BRL Trust DTVM and its competitors.
Is BRL Trust DTVM's Operating Income too high?
BRL Trust DTVM's current Operating Income is R$65.8 Mil. Overall, BRL Trust DTVM has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does BRL Trust DTVM's Operating Income compare to BLK and BX?
BRL Trust DTVM's Operating Income of R$65.8 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Asset Management company?
A good Operating Income depends on the Asset Management industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on BRL Trust DTVM and its competitors. BRL Trust DTVM's current Operating Income is R$65.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BRL Trust DTVM stock overvalued right now?
BRL Trust DTVM (BSP:RECT11) has a current Operating Income of R$65.8 Mil. The current Operating Income is R$65.8 Mil. BRL Trust DTVM's overall GF Score™ is 84/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For BRL Trust DTVM (BSP:RECT11), the current Operating Income is R$65.8 Mil as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

BRL Trust DTVM Business Description

Address Rua Iguatemi 151, 19 Andar, Itaim Bibi, Sao Paulo, SP, BRA, 01451-011
BRL Trust DTVM SA is a Brazil-based investment company. Its products include Fund Administration, Funds Controlling, Custody of Funds and Portfolios, Resource Management, Asset Distributions and Bookkeeping Funds. The company serves large international investors such as American, European and Asian institutional investors, sovereign wealth funds, private equity firms, large conglomerates and financial institutions.
84GF Score

Get the complete analysis for BSP:RECT11

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$35.86
Price