Ahlers AG (FRA:AAH) Operating Income: €-9.0 Mil (TTM As of May. 2023)

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FRA:AAH Ahlers AG FRA:AAH
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What is Ahlers AG Operating Income?

Ahlers AG FRA:AAH 10 Operating Income is €-9.0 Mil as of May. 2023. GuruFocus rates FRA:AAH with a GF Score™ of 10/100.

Ahlers AG's Operating Income for the six months ended in May. 2023 was €-5.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in May. 2023 was €-9.0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ahlers AG's Operating Income for the six months ended in May. 2023 was €-5.0 Mil. Ahlers AG's Revenue for the six months ended in May. 2023 was €88.5 Mil. Therefore, Ahlers AG's Operating Margin % for the quarter that ended in May. 2023 was -5.60%.

Ahlers AG'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. Ahlers AG's annualized ROC % for the quarter that ended in May. 2023 was -8.54%. Ahlers AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2023 was -15.78%.

Ahlers AG  (FRA:AAH) Operating Income Explanation

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

Ahlers AG's annualized ROC % for the quarter that ended in May. 2023 is calculated as:

ROC % (Q: May. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2022 ) + Invested Capital (Q: May. 2023 ))/ count )
=-9.908 * ( 1 - 0% )/( (117.579 + 114.344)/ 2 )
=-9.908/115.9615
=-8.54 %

where

Invested Capital(Q: Nov. 2022 )
=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))
=145.481 - 24.295 - ( 3.607 - max(0, 60.963 - 102.718+3.607))
=117.579

Invested Capital(Q: May. 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))
=147.811 - 22.476 - ( 10.991 - max(0, 72.419 - 108.128+10.991))
=114.344

Note: The Operating Income data used here is two times the semi-annual (May. 2023) data.

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

Ahlers AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: May. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2022  Q: May. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-9.886/( ( (19.315 + max(61.562, 0)) + (16.899 + max(27.496, 0)) )/ 2 )
=-9.886/( ( 80.877 + 44.395 )/ 2 )
=-9.886/62.636
=-15.78 %

where Working Capital is:

Working Capital(Q: Nov. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17.69 + 73.35 + 8.071) - (24.295 + 0 + 13.254)
=61.562

Working Capital(Q: May. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.565 + 71.194 + 7.378) - (22.476 + 0 + 47.165)
=27.496

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (May. 2023) EBIT data.

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

Ahlers AG's Operating Margin % for the quarter that ended in May. 2023 is calculated as:

Operating Margin %=Operating Income (Q: May. 2023 )/Revenue (Q: May. 2023 )
=-4.954/88.518
=-5.60 %

* 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.

Ahlers AG Operating Income Related Terms

Ahlers AG Operating Income Historical Data

* Premium members only.

The historical data trend for Ahlers AG'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.

Ahlers AG Operating Income Chart

Ahlers AG Annual Data
Trend Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.83 -3.55 -15.48 -8.93 -9.34

Ahlers AG Semi-Annual Data
Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23
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 -3.80 -5.13 -5.28 -4.06 -4.95
FRA:AAH
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Ahlers AG FRA:AAH
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Ahlers AG 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 May. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-9.0 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of €-9.0 Mil mean?
Ahlers AG (FRA:AAH) has a Operating Income of €-9.0 Mil as of May. 2023. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Ahlers AG and its competitors.
Is Ahlers AG's Operating Income too high?
Ahlers AG's current Operating Income is €-9.0 Mil. Overall, Ahlers AG has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Ahlers AG's Operating Income compare to RL and LEVI?
Ahlers AG's Operating Income of €-9.0 Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Manufacturing - Apparel & Accessories company?
A good Operating Income depends on the Manufacturing - Apparel & Accessories industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Ahlers AG and its competitors. Ahlers AG's current Operating Income is €-9.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ahlers AG stock overvalued right now?
Ahlers AG (FRA:AAH) has a current Operating Income of €-9.0 Mil. The current Operating Income is €-9.0 Mil. Ahlers AG's overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Ahlers AG (FRA:AAH), the current Operating Income is €-9.0 Mil as of May. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ahlers AG Business Description

Address Elverdisser Strasse 313, Herford, NW, DEU, 32052
Ahlers AG is a manufacturer of men's apparel. Ahlers operates in two segments namely Premium brands and Jeans and Workwear. Its brand profile includes Otto Kern, Baldessarini, Pierre Cardin, Pioneer Jeans, and others. The firm has its geographical footprints in Germany, Western Europe, Central/ Eastern Europe, and others. It generates a majority of its revenue from the Premium Brands segment.
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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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