Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa (BSP:SNCI11) Operating Income: R$47.88 Mil (TTM As of Dec. 2025)

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BSP:SNCI11 Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Res Ltda BSP:SNCI11
57 GF Score
Price R$82.08
GF Value R$146.14
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Operating Income?

Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa BSP:SNCI11 +1.00% 57 Operating Income is R$47.88 Mil as of Dec. 2025. GuruFocus rates BSP:SNCI11 with a GF Score™ of 57/100 and a GF Value™ of R$146.14 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Operating Income for the six months ended in Dec. 2025 was R$47.88 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was R$47.88 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Operating Income for the six months ended in Dec. 2025 was R$47.88 Mil. Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Revenue for the six months ended in Dec. 2025 was R$56.22 Mil. Therefore, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Operating Margin % for the quarter that ended in Dec. 2025 was 85.17%.

Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa'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. Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's annualized ROC % for the quarter that ended in Dec. 2025 was 157.40%. Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was %.


Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa  (BSP:SNCI11) Operating Income Explanation

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

Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=47.884 * ( 1 - 0% )/( (16.468 + 44.376)/ 2 )
=47.884/30.422
=157.40 %

where

Note: The Operating Income data used here is one times the annual (Dec. 2025) data.

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

Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=47.884/( ( (0 + max(-20.922, 0)) + (0 + max(-48.777, 0)) )/ 2 )
=47.884/( ( 0 + 0 )/ 2 )
=47.884/0
= %

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)
=(0 + 0 + 0) - (4.454 + 0 + 16.468)
=-20.922

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.081999999999994) - (4.483 + 0 + 44.376)
=-48.777

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2025) EBIT data.

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

Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=47.884/56.221
=85.17 %

* 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.


Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Operating Income Related Terms


Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Operating Income Historical Data

* Premium members only.

The historical data trend for Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa'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.

Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Operating Income Chart

Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
0.00 28.45 53.80 31.41 47.88

Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Semi-Annual Data
Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income 0.00 28.45 53.80 31.41 47.88
BSP:SNCI11
57GF Score
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Res Ltda BSP:SNCI11
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was R$47.88 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$47.88 Mil mean?
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa (BSP:SNCI11) has a Operating Income of R$47.88 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa and its competitors.
Is Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Operating Income too high?
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's current Operating Income is R$47.88 Mil. Overall, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Operating Income compare to NLY and AGNC?
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Operating Income of R$47.88 Mil can be compared against companies in the REITs 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 a REITs company?
A good Operating Income depends on the REITs 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 Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa and its competitors. Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's current Operating Income is R$47.88 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa stock overvalued right now?
Based on GuruFocus' analysis, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa (BSP:SNCI11) is currently considered Significantly Undervalued. The stock's GF Value™ is R$146.14, compared to a current price of R$82.08 — trading 43.8% below its estimated fair value. The current Operating Income is R$47.88 Mil. Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's overall GF Score™ is 57/100 with 1 warning sign to review. 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 Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa (BSP:SNCI11), the current Operating Income is R$47.88 Mil as of Dec. 2025. 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.

Is Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa (BSP:SNCI11) Overvalued in 2026?

Based on GuruFocus' analysis, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa stock appears to be undervalued. The current stock price of R$82.08 is trading 43.8% below its estimated GF Value™ of R$146.14. GuruFocus considers Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa to be Significantly Undervalued.

Key valuation signals for BSP:SNCI11:

  • Operating Income: R$47.88 Mil
  • GF Value™: R$146.14 vs. price of R$82.08 (43.8% below fair value)
  • GF Score™: 57/100 with 1 warning sign

No single metric tells the full story. See the BSP:SNCI11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Business Description

Industry Real EstateREITs
Address Botafogo Beach, 501, 6th Floor, Rio de Janeiro, RJ, BRA, 22250040
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Res Ltda objective is to invest, in real estate receivables certificates that include mortgage bills (LH); real estate credit bills (LCI); guaranteed real estate bills (LIG); certificates of additional construction potential issued pursuant to CVM Resolution 84; quotas of private equity investment funds; quotas of credit rights investment funds; shares or quotas of companies; shares, debentures, subscription warrants, their coupons, rights, subscription receipts, and other financial assets, securities, and marketable securities; real estate, as well as in any real rights over real estate, or through indirect investment in real estate by means of acquiring other Target Assets; and other financial assets, titles, and securities.
57GF Score

Get the complete analysis for BSP:SNCI11

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

R$82.08
Price
R$146.14
GF Value