CVO Petrochemical Refinery (DHA:CVOPRL) Operating Income : BDT93.7 Mil (TTM As of Dec. 2024)

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What is CVO Petrochemical Refinery Operating Income?

CVO Petrochemical Refinery's Operating Income for the three months ended in Dec. 2024 was BDT34.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was BDT93.7 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. CVO Petrochemical Refinery's Operating Income for the three months ended in Dec. 2024 was BDT34.0 Mil. CVO Petrochemical Refinery's Revenue for the three months ended in Dec. 2024 was BDT398.6 Mil. Therefore, CVO Petrochemical Refinery's Operating Margin % for the quarter that ended in Dec. 2024 was 8.52%.

CVO Petrochemical Refinery'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. CVO Petrochemical Refinery's annualized ROC % for the quarter that ended in Dec. 2024 was 15.60%. CVO Petrochemical Refinery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 21.37%.

CVO Petrochemical Refinery Operating Income Historical Data

The historical data trend for CVO Petrochemical Refinery'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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CVO Petrochemical Refinery Operating Income Chart

CVO Petrochemical Refinery Annual Data

Trend

Jun15

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Jun24

Operating Income

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14.67

-43.39

-47.62

40.99

93.43

CVO Petrochemical Refinery Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Operating Income	Get a 7-Day Free Trial															25.87	21.33	3.97	34.37	33.98

CVO Petrochemical Refinery 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was BDT93.7 Mil.

CVO Petrochemical Refinery (DHA:CVOPRL) Operating Income Explanation

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

CVO Petrochemical Refinery's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

	ROC % (Q: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2024 )	+	Invested Capital (Q: Dec. 2024 ))	/ count )
=	135.908 * ( 1 - 9.35% )	/	( (826.561	+	752.504)	/ 2 )
=	123.200602	/	789.5325
=	15.60 %

where

	Invested Capital		(Q: Sep. 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	))
=	812.966	-	82.167	-	( 0.893	-	max(0, 450.927	-	355.165	+	0.893	))
=	826.561

	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	))
=	782.995	-	120.77	-	( 24.96	-	max(0, 422.855	-	332.576	+	24.96	))
=	752.504

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

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

CVO Petrochemical Refinery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2024		Q: Dec. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	136.048	/	( ( (452.371 + max(205.597, 0))	+	(444.916 + max(170.505, 0)) )	/	2 )
=	136.048	/	( ( 657.968	+	615.421 )	/	2 )
=	136.048	/	636.6945
=	21.37 %

where Working Capital is:

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(46.342	+	198.565	+	109.353)	-	(82.167	+	0	+	66.496)
=	205.597

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(145.981	+	76.67	+	84.96)	-	(120.77	+	0	+	16.336)
=	170.505

When net working capital is negative, 0 is used.

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

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

CVO Petrochemical Refinery's Operating Margin % for the quarter that ended in Dec. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	33.977	/	398.575
	=	8.52 %

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.

CVO Petrochemical Refinery Operating Income Related Terms

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CVO Petrochemical Refinery Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CVO Petrochemical Refinery PLC (DHA:CVOPRL) » Definitions » Operating Income

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Address

37, Katalgonj, Panchlaish, Chattogram, BGD, 4203

Website

http://www.cvopetro.com

CVO Petrochemical Refinery PLC is a petrochemical company. It is engaged in the production and sale of Hydrocarbon Solvent with the use of new raw material Naphtha and also supplies fuels like Motor Spirit (MS), Mineral Turpentine (MTT), HSD (High-Speed Diesel) which it produces from Natural Gas Condensate.

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