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Corporacion Acciona Energias Renovables (FRA:5BP) Operating Income : €477 Mil (TTM As of Jun. 2024)


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What is Corporacion Acciona Energias Renovables Operating Income?

Corporacion Acciona Energias Renovables's Operating Income for the six months ended in Jun. 2024 was €166 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2024 was €477 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Corporacion Acciona Energias Renovables's Operating Income for the six months ended in Jun. 2024 was €166 Mil. Corporacion Acciona Energias Renovables's Revenue for the six months ended in Jun. 2024 was €1,333 Mil. Therefore, Corporacion Acciona Energias Renovables's Operating Margin % for the quarter that ended in Jun. 2024 was 12.45%.

Good Sign:

Corporacion Acciona Energias Renovables SA operating margin is expanding. Margin expansion is usually a good sign.

Corporacion Acciona Energias Renovables's 5-Year average Growth Rate for Operating Margin % was 5.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Corporacion Acciona Energias Renovables's annualized ROC % for the quarter that ended in Jun. 2024 was 1.81%. Corporacion Acciona Energias Renovables's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 3.61%.


Corporacion Acciona Energias Renovables Operating Income Historical Data

The historical data trend for Corporacion Acciona Energias Renovables'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.

Corporacion Acciona Energias Renovables Operating Income Chart

Corporacion Acciona Energias Renovables Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial 476.40 401.03 633.00 1,127.00 845.00

Corporacion Acciona Energias Renovables Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 643.00 484.00 534.00 311.00 166.00

Corporacion Acciona Energias Renovables 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €477 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.


Corporacion Acciona Energias Renovables  (FRA:5BP) Operating Income Explanation

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

Corporacion Acciona Energias Renovables's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=332 * ( 1 - 26.53% )/( (13085 + 13837)/ 2 )
=243.9204/13461
=1.81 %

where

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

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

Corporacion Acciona Energias Renovables's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=402/( ( (10895 + max(-434, 0)) + (11290 + max(82, 0)) )/ 2 )
=402/( ( 10895 + 11372 )/ 2 )
=402/11133.5
=3.61 %

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)
=(731 + 156 + 578) - (1354 + 0 + 545)
=-434

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(748 + 192 + 844) - (1109 + 0 + 593)
=82

When net working capital is negative, 0 is used.

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

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

Corporacion Acciona Energias Renovables's Operating Margin % for the quarter that ended in Jun. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2024 )/Revenue (Q: Jun. 2024 )
=166/1333
=12.45 %

* 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.


Corporacion Acciona Energias Renovables Operating Income Related Terms

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Corporacion Acciona Energias Renovables Business Description

Traded in Other Exchanges
Address
Avenida de Europa, 18, Parque Empresarial La Moraleja, Alcobendas, Madrid, ESP, 28108
A renewables developer, Acciona Energia was spun off from Spanish industrial conglomerate Acciona in July 2021. The floating share is 17.3%. At the end of 2023, the group had 12.1 gigawatts of consolidated capacity. 70% of Acciona Energia's capacity is onshore wind, nearly 7% is hydro dams in Spain and 18% is solar photovoltaic. Geographically, 44% of the capacity are located in Spain. The three biggest markets outside Spain are Mexico, the US, and Australia.

Corporacion Acciona Energias Renovables Headlines

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