Gurit Holding AG (CHIX:GURNZ) Operating Income : CHF20.7 Mil (TTM As of Dec. 2023)

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What is Gurit Holding AG Operating Income?

Gurit Holding AG's Operating Income for the three months ended in Dec. 2023 was CHF7.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was CHF20.7 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Gurit Holding AG's Operating Income for the three months ended in Dec. 2023 was CHF7.1 Mil. Gurit Holding AG's Revenue for the three months ended in Dec. 2023 was CHF215.2 Mil. Therefore, Gurit Holding AG's Operating Margin % for the quarter that ended in Dec. 2023 was 3.28%.

Warning Sign:

Gurit Holding AG operating margin has been in a 5-year decline. The average rate of decline per year is -17.5%.

Gurit Holding AG's 5-Year average Growth Rate for Operating Margin % was -17.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gurit Holding AG's annualized ROC % for the quarter that ended in Dec. 2023 was -2.03%. Gurit Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.43%.

Gurit Holding AG Operating Income Historical Data

The historical data trend for Gurit Holding AG'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.

Gurit Holding AG Operating Income Chart

Gurit Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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60.14

65.57

29.62

29.99

20.72

Gurit Holding AG Quarterly Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Operating Income	Get a 7-Day Free Trial															7.69	22.95	7.05	13.65	7.07

Gurit Holding AG 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 CHF20.7 Mil.

Gurit Holding AG (CHIX:GURNz) Operating Income Explanation

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

Gurit Holding AG'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	28.268 * ( 1 - 115.58% )	/	( (238.042	+	195.469)	/ 2 )
=	-4.4041544	/	216.7555
=	-2.03 %

where

	Invested Capital		(Q: Jun. 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	))
=	326.305	-	76.146	-	( 12.117	-	max(0, 142.093	-	206.902	+	12.117	))
=	238.042

	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	))
=	278.071	-	70.084	-	( 12.518	-	max(0, 122.834	-	169.733	+	12.518	))
=	195.469

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

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

Gurit Holding AG'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	13.872	/	( ( (102.885 + max(43.291, 0))	+	(93.877 + max(26.01, 0)) )	/	2 )
=	13.872	/	( ( 146.176	+	119.887 )	/	2 )
=	13.872	/	133.0315
=	10.43 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(82.862	+	80.508	+	0.073999999999984)	-	(76.146	+	0	+	44.007)
=	43.291

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(67.668	+	64.684	+	0.41)	-	(70.084	+	0	+	36.668)
=	26.01

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 %:

Gurit Holding AG'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 )
	=	7.067	/	215.226
	=	3.28 %

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.

Gurit Holding AG Operating Income Related Terms

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Gurit Holding AG (CHIX:GURNZ) Business Description

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GURN:Switzerland

Address

Ebnaterstrasse 79, Wattwil, CHE, CH-9630

Website

https://www.gurit.com

Gurit Holding AG and its subsidiaries is engaged in development and manufacture of composite materials, core kitting services, composite tooling equipment and pultruded structural profiles .It operates in three segments, namely Composite Materials, Kitting and Manufacturing Solutions. The company's geographical segments are Europe, Asia, the Americas, and the Rest of the world.

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