Chemoil Energy (FRA:LHT) Operating Income : €2,476 Mil (TTM As of Dec. 2013)

View and export this data going back to . Start your Free Trial

What is Chemoil Energy Operating Income?

Chemoil Energy's Operating Income for the three months ended in Dec. 2013 was €-4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2013 was €2,476 Mil.

Warning Sign:

Chemoil Energy Ltd had operating loss over the past 0.75 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Chemoil Energy's Operating Income for the three months ended in Dec. 2013 was €-4 Mil. Chemoil Energy's Revenue for the three months ended in Dec. 2013 was €2,353 Mil. Therefore, Chemoil Energy's Operating Margin % for the quarter that ended in Dec. 2013 was -0.16%.

Chemoil Energy'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. Chemoil Energy's annualized ROC % for the quarter that ended in Dec. 2013 was -45.69%. Chemoil Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2013 was 3.02%.

Chemoil Energy Operating Income Historical Data

The historical data trend for Chemoil Energy'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.

Chemoil Energy Operating Income Chart

Chemoil Energy Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Operating Income

Get a 7-Day Free Trial

24.79

0.84

52.20

-6.58

28.50

Chemoil Energy Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Operating Income	Get a 7-Day Free Trial															-27.87	8.77	2,462.60	8.15	-3.87

Chemoil Energy 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. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was €2,476 Mil.

Chemoil Energy (FRA:LHT) Operating Income Explanation

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

Chemoil Energy's annualized ROC % for the quarter that ended in Dec. 2013 is calculated as:

	ROC % (Q: Dec. 2013 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2013 )	+	Invested Capital (Q: Dec. 2013 ))	/ count )
=	-15.472 * ( 1 - -2757.3% )	/	( (957.824	+	977.206)	/ 2 )
=	-442.081456	/	967.515
=	-45.69 %

where

	Invested Capital		(Q: Sep. 2013 )
=	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	))
=	1949.477	-	769.871	-	( 221.782	-	max(0, 1530.019	-	1799.758	+	221.782	))
=	957.824

	Invested Capital		(Q: Dec. 2013 )
=	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	))
=	1764.887	-	575.493	-	( 212.188	-	max(0, 1321.478	-	1597.271	+	212.188	))
=	977.206

Note: The Operating Income data used here is four times the quarterly (Dec. 2013) data.

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

Chemoil Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2013 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2013 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2013		Q: Dec. 2013
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	24.956	/	( ( (42.403 + max(799.292, 0))	+	(32.259 + max(776.309, 0)) )	/	2 )
=	24.956	/	( ( 841.695	+	808.568 )	/	2 )
=	24.956	/	825.1315
=	3.02 %

where Working Capital is:

	Working Capital		(Q: Sep. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1057.949	+	437.976	+	82.051)	-	(769.871	+	0	+	8.8129999999999)
=	799.292

	Working Capital		(Q: Dec. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(991.244	+	293.221	+	100.618)	-	(575.493	+	0	+	33.281)
=	776.309

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2013) EBIT data.

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

Chemoil Energy's Operating Margin % for the quarter that ended in Dec. 2013 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2013 )	/	Revenue (Q: Dec. 2013 )
	=	-3.868	/	2353.353
	=	-0.16 %

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.

Chemoil Energy Operating Income Related Terms

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

Chemoil Energy (FRA:LHT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chemoil Energy Ltd (FRA:LHT) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.chemoil.com

The Joint Corp develops, owns, operates, supports and manages chiropractic clinics through direct ownership, management arrangements, franchising and the sale of regional developer rights throughout the United States. The Company has two operating business segments. The Corporate Clinics segment is comprised of the operating activities of the company-owned or managed clinics. The Franchise Operations segment is comprised of the operating activities of the franchise business unit. The Joint generates most of its revenues from its Franchise operations segment.

Chemoil Energy (FRA:LHT) Headlines

No Headlines