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FNLPF (Fresnillo) Operating Income : $916 Mil (TTM As of Dec. 2024)


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What is Fresnillo Operating Income?

Fresnillo's Operating Income for the six months ended in Dec. 2024 was $680 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was $916 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fresnillo's Operating Income for the six months ended in Dec. 2024 was $680 Mil. Fresnillo's Revenue for the six months ended in Dec. 2024 was $2,008 Mil. Therefore, Fresnillo's Operating Margin % for the quarter that ended in Dec. 2024 was 33.88%.

Good Sign:

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

Fresnillo's 5-Year average Growth Rate for Operating Margin % was 2.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fresnillo's annualized ROC % for the quarter that ended in Dec. 2024 was 6.95%. Fresnillo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 29.41%.


Fresnillo Operating Income Historical Data

The historical data trend for Fresnillo'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.

Fresnillo Operating Income Chart

Fresnillo Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 647.84 659.91 294.14 168.59 915.53

Fresnillo Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 75.99 81.16 87.43 235.15 680.37

Fresnillo 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 semi-annually data reported by the company within the most recent 12 months, which was $916 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.


Fresnillo  (OTCPK:FNLPF) Operating Income Explanation

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

Fresnillo'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: Jun. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=1360.746 * ( 1 - 76.61% )/( (4880.781 + 4283.83)/ 2 )
=318.2784894/4582.3055
=6.95 %

where

Invested Capital(Q: Jun. 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))
=5802.007 - 230.256 - ( 690.97 - max(0, 302.828 - 1780.05+690.97))
=4880.781

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))
=5880.458 - 298.812 - ( 1297.816 - max(0, 368.585 - 2442.529+1297.816))
=4283.83

Note: The Operating Income data used here is two times the semi-annual (Dec. 2024) data.

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

Fresnillo'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: Jun. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=999.836/( ( (2693.148 + max(819.835, 0)) + (2538.665 + max(748.564, 0)) )/ 2 )
=999.836/( ( 3512.983 + 3287.229 )/ 2 )
=999.836/3400.106
=29.41 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(356.723 + 509.232 + 202.952) - (230.256 + 0 + 18.816)
=819.835

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(550.839 + 412.417 + 147.526) - (298.812 + 0 + 63.406)
=748.564

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

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

Fresnillo'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 )
=680.373/2008.133
=33.88 %

* 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.


Fresnillo Operating Income Related Terms

Thank you for viewing the detailed overview of Fresnillo's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Fresnillo Business Description

Traded in Other Exchanges
Address
Calzada Legaria No. 549, Torre 2, Piso 11, Delegacion Miguel Hidalgo, Mexico, DF, MEX, 11250
Fresnillo PLC is a company that specializes in silver mining and is the world's largest gold producer. They have six mines that are divided into seven operating segments. The Fresnillo, Juanicipio, and Saucito mines are some of the world's largest underground silver mines and are located in Zacatecas state. The Cirnega mine, an underground gold mine, is in Durango state. The San Julian mine is an underground silver-gold mine located on the border of Durango states. The Herradura, Soledad-Dipolos, and Noche Buena are open-pit gold mines located in Sonora state. Herradura and Saucito mines generate more than half of the group's revenue.

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