Radius Global Infrastructure (FRA:R13) Operating Income : €-66.6 Mil (TTM As of Jun. 2023)

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What is Radius Global Infrastructure Operating Income?

Radius Global Infrastructure's Operating Income for the three months ended in Jun. 2023 was €-13.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2023 was €-66.6 Mil.

Warning Sign:

Radius Global Infrastructure Inc had lost money in 92% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Radius Global Infrastructure's Operating Income for the three months ended in Jun. 2023 was €-13.6 Mil. Radius Global Infrastructure's Revenue for the three months ended in Jun. 2023 was €39.2 Mil. Therefore, Radius Global Infrastructure's Operating Margin % for the quarter that ended in Jun. 2023 was -34.78%.

Radius Global Infrastructure'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. Radius Global Infrastructure's annualized ROC % for the quarter that ended in Jun. 2023 was -2.56%. Radius Global Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -22.23%.

Radius Global Infrastructure Operating Income Historical Data

The historical data trend for Radius Global Infrastructure'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.

Radius Global Infrastructure Operating Income Chart

Radius Global Infrastructure Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Operating Income

-1.29

-46.27

-64.55

Radius Global Infrastructure Quarterly Data
	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Operating Income	Get a 7-Day Free Trial										-14.65	-18.57	-17.22	-17.20	-13.63

Radius Global Infrastructure 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-66.6 Mil.

Radius Global Infrastructure (FRA:R13) Operating Income Explanation

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

Radius Global Infrastructure's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-54.536 * ( 1 - 0.46% )	/	( (2082.868	+	2153.25)	/ 2 )
=	-54.2851344	/	2118.059
=	-2.56 %

where

	Invested Capital		(Q: Mar. 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	))
=	2290.325	-	40.311	-	( 217.147	-	max(0, 90.612	-	257.758	+	217.147	))
=	2082.868

	Invested Capital		(Q: Jun. 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	))
=	2420.647	-	50.25	-	( 278.678	-	max(0, 100.67	-	317.817	+	278.678	))
=	2153.25

Note: The Operating Income data used here is four times the quarterly (Jun. 2023) data.

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

Radius Global Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-90.46	/	( ( (389.732 + max(-35.66, 0))	+	(424.232 + max(-48.336, 0)) )	/	2 )
=	-90.46	/	( ( 389.732	+	424.232 )	/	2 )
=	-90.46	/	406.982
=	-22.23 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10.57	+	0	+	30.041)	-	(40.311	+	31.698	+	4.262)
=	-35.66

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(9.688	+	0	+	29.451)	-	(50.25	+	31.18	+	6.045)
=	-48.336

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

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

Radius Global Infrastructure's Operating Margin % for the quarter that ended in Jun. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	-13.634	/	39.204
	=	-34.78 %

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.

Radius Global Infrastructure Operating Income Related Terms

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

Radius Global Infrastructure (FRA:R13) Business Description

Industry

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Traded in Other Exchanges

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Address

3 Bala Plaza East, Suite 502, Bala Cynwyd, PA, USA, 19004

Website

https://www.radiusglobal.com

Radius Global Infrastructure Inc is an international aggregator of rental streams underlying wireless and other communication-related sites through the acquisition of real property interests and contractual rights. The company purchases for a lump sum, the right to receive future rental payments generated pursuant to an existing ground lease or rooftop lease between a property owner and an owner of a wireless tower or antennae.

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