El Sewedy Electric Co (CAI:SWDY) Operating Income : E£18,349 Mil (TTM As of Dec. 2023)

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What is El Sewedy Electric Co Operating Income?

El Sewedy Electric Co's Operating Income for the three months ended in Dec. 2023 was E£5,282 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was E£18,349 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. El Sewedy Electric Co's Operating Income for the three months ended in Dec. 2023 was E£5,282 Mil. El Sewedy Electric Co's Revenue for the three months ended in Dec. 2023 was E£43,382 Mil. Therefore, El Sewedy Electric Co's Operating Margin % for the quarter that ended in Dec. 2023 was 12.18%.

Warning Sign:

El Sewedy Electric Co operating margin has been in a 5-year decline. The average rate of decline per year is -2.7%.

El Sewedy Electric Co's 5-Year average Growth Rate for Operating Margin % was -2.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. El Sewedy Electric Co's annualized ROC % for the quarter that ended in Dec. 2023 was 13.63%. El Sewedy Electric Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 74.73%.

El Sewedy Electric Co Operating Income Historical Data

The historical data trend for El Sewedy Electric Co'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.

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El Sewedy Electric Co Operating Income Chart

El Sewedy Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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5,428.78

4,463.51

5,283.32

7,691.16

18,500.34

El Sewedy Electric Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Operating Income	Get a 7-Day Free Trial															2,659.30	3,924.90	3,809.58	5,332.63	5,282.03

El Sewedy Electric Co 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was E£18,349 Mil.

El Sewedy Electric Co (CAI:SWDY) Operating Income Explanation

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

El Sewedy Electric Co'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	21128.12 * ( 1 - 37.19% )	/	( (94880.244	+	99844.222)	/ 2 )
=	13270.572172	/	97362.233
=	13.63 %

where

	Invested Capital		(Q: Sep. 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	))
=	141710.505	-	26717.646	-	( 20112.615	-	max(0, 96246.339	-	116698.667	+	20112.615	))
=	94880.244

	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	))
=	151448.655	-	30886.137	-	( 26399.211	-	max(0, 103106.432	-	123824.728	+	26399.211	))
=	99844.222

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

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

El Sewedy Electric Co'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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	19907.168	/	( ( (17809.141 + max(12130.432, 0))	+	(18890.146 + max(4450.805, 0)) )	/	2 )
=	19907.168	/	( ( 29939.573	+	23340.951 )	/	2 )
=	19907.168	/	26640.262
=	74.73 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(30844.225	+	32254.274	+	12183.689)	-	(26717.646	+	0	+	36434.11)
=	12130.432

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(29036.727	+	32100.083	+	11469.617)	-	(30886.137	+	0	+	37269.485)
=	4450.805

When net working capital is negative, 0 is used.

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

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

El Sewedy Electric Co'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 )
	=	5282.03	/	43382.163
	=	12.18 %

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.

El Sewedy Electric Co Operating Income Related Terms

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El Sewedy Electric Co (CAI:SWDY) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » El Sewedy Electric Co (CAI:SWDY) » Definitions » Operating Income

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Address

Plot No. 27, 1st District, 5th Settlement, P.O.Box 311, New Cairo, EGY, 11853

Website

http://www.elsewedyelectric.com

El Sewedy Electric Co is an Egypt based company that is engaged in the machinery business sector. The company's operating segment includes Cables, Constructions and Electricity products. The Cables segment is engaged in manufacturing, marketing and trading the cables. The constructions segment executes construction related to power generation units and electricity distribution networks. Electricity products segment manufactures, electric meters, transformers, electric joints, and market and trade the products. Geographically, it derives most of the revenue from Egypt.

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