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Bangladesh Submarine Cables (DHA:BSCPLC) Operating Income : BDT2,924 Mil (TTM As of Mar. 2024)


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What is Bangladesh Submarine Cables Operating Income?

Bangladesh Submarine Cables's Operating Income for the three months ended in Mar. 2024 was BDT475 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was BDT2,924 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Bangladesh Submarine Cables's Operating Income for the three months ended in Mar. 2024 was BDT475 Mil. Bangladesh Submarine Cables's Revenue for the three months ended in Mar. 2024 was BDT972 Mil. Therefore, Bangladesh Submarine Cables's Operating Margin % for the quarter that ended in Mar. 2024 was 48.86%.

Good Sign:

Bangladesh Submarine Cables PLC operating margin is expanding. Margin expansion is usually a good sign.

Bangladesh Submarine Cables's 5-Year average Growth Rate for Operating Margin % was 17.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bangladesh Submarine Cables's annualized ROC % for the quarter that ended in Mar. 2024 was 8.53%. Bangladesh Submarine Cables's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 14.23%.


Bangladesh Submarine Cables Operating Income Historical Data

The historical data trend for Bangladesh Submarine Cables'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.

Bangladesh Submarine Cables Operating Income Chart

Bangladesh Submarine Cables Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 887.95 1,354.90 2,286.13 3,047.61 3,503.76

Bangladesh Submarine Cables Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 833.58 862.07 851.90 735.07 474.94

Bangladesh Submarine Cables 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was BDT2,924 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.


Bangladesh Submarine Cables  (DHA:BSCPLC) Operating Income Explanation

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

Bangladesh Submarine Cables's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=1899.764 * ( 1 - 22.59% )/( (17546.523 + 16924.625)/ 2 )
=1470.6073124/17235.574
=8.53 %

where

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))
=22460.603 - 463.016 - ( 4451.064 - max(0, 2613.213 - 9220.491+4451.064))
=17546.523

Invested Capital(Q: Mar. 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))
=21948.866 - 379.625 - ( 4644.616 - max(0, 1777.264 - 8639.356+4644.616))
=16924.625

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Bangladesh Submarine Cables's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2202.836/( ( (13133.421 + max(2323.633, 0)) + (13204.356 + max(2292.884, 0)) )/ 2 )
=2202.836/( ( 15457.054 + 15497.24 )/ 2 )
=2202.836/15477.147
=14.23 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3081.39 + 0 + 1514.018) - (463.016 + 0 + 1808.759)
=2323.633

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2921.131 + 0 + 855.751) - (379.625 + 0 + 1104.373)
=2292.884

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Bangladesh Submarine Cables's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=474.941/972.007
=48.86 %

* 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.


Bangladesh Submarine Cables Operating Income Related Terms

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Bangladesh Submarine Cables (DHA:BSCPLC) Business Description

Traded in Other Exchanges
N/A
Address
191/1, Tejgaon-Gulshan Link Road, Rahman’s Regnum Center (7th and 8th Floor), Dhaka, BGD, 1208
Bangladesh Submarine Cables PLC is a Core Telecommunication service provider and International Submarine Cable Operator of Bangladesh. It is also an IIG (International Internet Gateway). The service provided by the company represents the Long-haul communication between Bangladesh and the rest of the world. The company is a party in both SMW-4 and SMW-5 Consortiums that provide more capacity and redundancy in Submarine Cables for Bangladesh. BSCCL-IIG is helping the people of the Country to get broadband Internet at a cheaper rate and quality of service.

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