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Dipped Products (COL:DIPD.N0000) Operating Income : රු5,868 Mil (TTM As of Mar. 2025)


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What is Dipped Products Operating Income?

Dipped Products's Operating Income for the three months ended in Mar. 2025 was රු1,963 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2025 was රු5,868 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Dipped Products's Operating Income for the three months ended in Mar. 2025 was රු1,963 Mil. Dipped Products's Revenue for the three months ended in Mar. 2025 was රු19,482 Mil. Therefore, Dipped Products's Operating Margin % for the quarter that ended in Mar. 2025 was 10.07%.

Good Sign:

Dipped Products PLC operating margin is expanding. Margin expansion is usually a good sign.

Dipped Products's 5-Year average Growth Rate for Operating Margin % was 17.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dipped Products's annualized ROC % for the quarter that ended in Mar. 2025 was 11.19%. Dipped Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 20.39%.


Dipped Products Operating Income Historical Data

The historical data trend for Dipped Products'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.

Dipped Products Operating Income Chart

Dipped Products Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,011.93 4,562.15 8,898.91 6,909.58 5,868.42

Dipped Products Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,145.07 922.53 2,014.65 968.54 1,962.71

Dipped Products 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 Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was රු5,868 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.


Dipped Products  (COL:DIPD.N0000) Operating Income Explanation

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

Dipped Products's annualized ROC % for the quarter that ended in Mar. 2025 is calculated as:

ROC % (Q: Mar. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Mar. 2025 ))/ count )
=7850.832 * ( 1 - 27.03% )/( (51379.551 + 51031.834)/ 2 )
=5728.7521104/51205.6925
=11.19 %

where

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))
=72744.377 - 11823.011 - ( 9541.815 - max(0, 21688.249 - 38104.24+9541.815))
=51379.551

Invested Capital(Q: Mar. 2025 )
=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))
=74615.68 - 14485.17 - ( 9098.676 - max(0, 22677.953 - 38169.165+9098.676))
=51031.834

Note: The Operating Income data used here is four times the quarterly (Mar. 2025) data.

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

Dipped Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Mar. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=9818.036/( ( (31681.16 + max(16739.414, 0)) + (33276.537 + max(14585.319, 0)) )/ 2 )
=9818.036/( ( 48420.574 + 47861.856 )/ 2 )
=9818.036/48141.215
=20.39 %

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)
=(13768.551 + 12271.935 + 2521.939) - (11823.011 + 0 + 0)
=16739.414

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13352.185 + 13935.238 + 1783.066) - (14485.17 + 0 + 0)
=14585.319

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2025) EBIT data.

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

Dipped Products's Operating Margin % for the quarter that ended in Mar. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2025 )/Revenue (Q: Mar. 2025 )
=1962.708/19481.816
=10.07 %

* 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.


Dipped Products Operating Income Related Terms

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Dipped Products Business Description

Traded in Other Exchanges
N/A
Address
400, Deans Road, Colombo, LKA, 10
Dipped Products PLC is a glove manufacturing company based in Sri Lanka. It offers unsupported gloves, supported gloves, and disposable gloves. The company operates through two segments, namely, the Hand Protection segment, which is engaged in the manufacturing and selling of gloves; and the Plantations segment, which owns and manages tea and rubber plantations. It generates the majority of revenue from the Hand Protection segment. Geographically the company operates in Asia/Africa/Middle East, South America, Europe, and North America.

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