Firestone Diamonds (FRA:GYF1) Operating Income : €0.29 Mil (TTM As of Jun. 2020)

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What is Firestone Diamonds Operating Income?

Firestone Diamonds's Operating Income for the six months ended in Jun. 2020 was €0.00 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2020 was €0.29 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Firestone Diamonds's Operating Income for the six months ended in Jun. 2020 was €0.00 Mil. Firestone Diamonds's Revenue for the six months ended in Jun. 2020 was €0.00 Mil. Therefore, Firestone Diamonds's Operating Margin % for the quarter that ended in Jun. 2020 was %.

Firestone Diamonds'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. Firestone Diamonds's annualized ROC % for the quarter that ended in Jun. 2020 was 0.00%. Firestone Diamonds's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was 0.00%.

Firestone Diamonds Operating Income Historical Data

The historical data trend for Firestone Diamonds'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.

Firestone Diamonds Operating Income Chart

Firestone Diamonds Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Operating Income

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-6.18

-5.91

-6.26

0.29

-7.20

Firestone Diamonds Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20
Operating Income	Get a 7-Day Free Trial															-3.35	-2.87	0.22	0.07	-

Firestone Diamonds 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. 2020 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.29 Mil.

Firestone Diamonds (FRA:GYF1) Operating Income Explanation

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

Firestone Diamonds's annualized ROC % for the quarter that ended in Jun. 2020 is calculated as:

	ROC % (Q: Jun. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2019 )	+	Invested Capital (Q: Jun. 2020 ))	/ count )
=	0 * ( 1 - 0% )	/	( (60.551	+	129.205)	/ 2 )
=	0	/	94.878
=	0.00 %

where

	Invested Capital		(Q: Jun. 2019 )
=	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	))
=	77.691	-	3.759	-	( 15.51	-	max(0, 18.506	-	31.887	+	15.51	))
=	60.551

	Invested Capital		(Q: Jun. 2020 )
=	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	))
=	50.786	-	1.467	-	( 4.203	-	max(0, 92.624	-	12.738	+	4.203	))
=	129.205

Note: The Operating Income data used here is two times the semi-annual (Jun. 2020) data.

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

Firestone Diamonds's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2019		Q: Jun. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0	/	( ( (45.805 + max(7.156, 0))	+	(38.047 + max(3.776, 0)) )	/	2 )
=	0	/	( ( 52.961	+	41.823 )	/	2 )
=	0	/	47.392
=	0.00 %

where Working Capital is:

	Working Capital		(Q: Jun. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.706	+	6.596	+	9.075)	-	(3.759	+	0	+	5.462)
=	7.156

	Working Capital		(Q: Jun. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.221	+	2.936	+	5.378)	-	(1.467	+	0	+	3.292)
=	3.776

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2020) EBIT data.

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

Firestone Diamonds's Operating Margin % for the quarter that ended in Jun. 2020 is calculated as:

Operating Margin %	=	Operating Income (Q: Jun. 2020 )	/	Revenue (Q: Jun. 2020 )
	=	0	/	0
	=	%

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.

Firestone Diamonds Operating Income Related Terms

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

Firestone Diamonds (FRA:GYF1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Firestone Diamonds PLC (FRA:GYF1) » Definitions » Operating Income

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Traded in Other Exchanges

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Address

207 Brooklands Road, St Georges Business Park, Elder House, Weybridge, Weybridge, Surrey, GBR, KT13 0TS

Website

http://www.firestonediamonds.com

Firestone Diamonds PLC is a UK-based diamond company. The company is primarily involved in diamond mining, exploration, and development in southern Africa. It has three principal operating segments - Liqhobong Mine, BK11 Mine and corporate. Its flagship asset is the Liqhobong Diamond Mine in Lesotho, and the group also has a stake in the BK11 Mine in Botswana. Also, it owns land in Finland that contains known diamond-bearing kimberlites. Its goal is to become a mid-tier diamond producer yielding one million carats per annum.

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