Misr Beni Suef Cement (Lafarge) (CAI:MBSC) Operating Income: E£254 Mil (TTM As of Dec. 2023)

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CAI:MBSC Misr Beni Suef Cement (Lafarge) SA CAI:MBSC
14 GF Score
Price E£381.52
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What is Misr Beni Suef Cement (Lafarge) Operating Income?

Misr Beni Suef Cement (Lafarge) CAI:MBSC 14 Operating Income is E£254 Mil as of Dec. 2023. GuruFocus rates CAI:MBSC with a GF Score™ of 14/100.

Misr Beni Suef Cement (Lafarge)'s Operating Income for the six months ended in Dec. 2023 was E£254 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was E£254 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Misr Beni Suef Cement (Lafarge)'s Operating Income for the six months ended in Dec. 2023 was E£254 Mil. Misr Beni Suef Cement (Lafarge)'s Revenue for the six months ended in Dec. 2023 was E£2,033 Mil. Therefore, Misr Beni Suef Cement (Lafarge)'s Operating Margin % for the quarter that ended in Dec. 2023 was 12.49%.

Misr Beni Suef Cement (Lafarge)'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. Misr Beni Suef Cement (Lafarge)'s annualized ROC % for the quarter that ended in Dec. 2023 was 13.38%. Misr Beni Suef Cement (Lafarge)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 20.26%.

Misr Beni Suef Cement (Lafarge)  (CAI:MBSC) Operating Income Explanation

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

Misr Beni Suef Cement (Lafarge)'s annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=254.018 * ( 1 - 0% )/( (2332.261 + 1465.534)/ 2 )
=254.018/1898.8975
=13.38 %

where

Invested Capital(Q: Dec. 2022 )
=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))
=2332.261 - 0 - ( 0 - max(0, 1343.237 - 1913.473+0))
=2332.261

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))
=1465.534 - 0 - ( 0 - max(0, 623.532 - 1040.396+0))
=1465.534

Note: The Operating Income data used here is one times the annual (Dec. 2023) data.

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

Misr Beni Suef Cement (Lafarge)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=254.018/( ( (408.098 + max(953.385, 0)) + (361.101 + max(785.575, 0)) )/ 2 )
=254.018/( ( 1361.483 + 1146.676 )/ 2 )
=254.018/1254.0795
=20.26 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 1913.473) - (0 + 0 + 960.088)
=953.385

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 1040.396) - (0 + 0 + 254.821)
=785.575

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

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

Misr Beni Suef Cement (Lafarge)'s Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=254.018/2033.496
=12.49 %

* 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.

Misr Beni Suef Cement (Lafarge) Operating Income Related Terms

Misr Beni Suef Cement (Lafarge) Operating Income Historical Data

* Premium members only.

The historical data trend for Misr Beni Suef Cement (Lafarge)'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.

Misr Beni Suef Cement (Lafarge) Operating Income Chart

Misr Beni Suef Cement (Lafarge) Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial 45.67 -51.66 78.22 -227.72 254.02

Misr Beni Suef Cement (Lafarge) Semi-Annual Data
Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income Get a 7-Day Free Trial 45.67 -51.66 78.22 -227.72 254.02
CAI:MBSC
14GF Score
Misr Beni Suef Cement (Lafarge) SA CAI:MBSC
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Misr Beni Suef Cement (Lafarge) 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. 2023 was E£254 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 E£254 Mil mean?
Misr Beni Suef Cement (Lafarge) (CAI:MBSC) has a Operating Income of E£254 Mil as of Dec. 2023. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Misr Beni Suef Cement (Lafarge) and its competitors.
Is Misr Beni Suef Cement (Lafarge)'s Operating Income too high?
Misr Beni Suef Cement (Lafarge)'s current Operating Income is E£254 Mil. Overall, Misr Beni Suef Cement (Lafarge) has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Misr Beni Suef Cement (Lafarge)'s Operating Income compare to CRH and VMC?
Misr Beni Suef Cement (Lafarge)'s Operating Income of E£254 Mil can be compared against companies in the Building Materials 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 Building Materials company?
A good Operating Income depends on the Building Materials 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 Misr Beni Suef Cement (Lafarge) and its competitors. Misr Beni Suef Cement (Lafarge)'s current Operating Income is E£254 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Misr Beni Suef Cement (Lafarge) stock overvalued right now?
Misr Beni Suef Cement (Lafarge) (CAI:MBSC) has a current Operating Income of E£254 Mil. The current Operating Income is E£254 Mil. Misr Beni Suef Cement (Lafarge)'s overall GF Score™ is 14/100. 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 Misr Beni Suef Cement (Lafarge) (CAI:MBSC), the current Operating Income is E£254 Mil as of Dec. 2023. 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.

Misr Beni Suef Cement (Lafarge) Business Description

Address 14 El Marwa Street, Behind El Maadi Towers (Othman Towers) Corniche, Beside Family Cinema, Maadi - Cairo, EGY
Misr Beni Suef Cement (Lafarge) SA manufactures construction materials. It produces and sells Portland cement, clinker, and related materials in Egypt. The company offers its cement packed as bulk cement or bagged cement.
14GF Score

Get the complete analysis for CAI:MBSC

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

E£381.52
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