11 88 0 Solutions AG (FRA:TGT) Operating Income : €-0.25 Mil (TTM As of Sep. 2023)

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What is 11 88 0 Solutions AG Operating Income?

11 88 0 Solutions AG's Operating Income for the three months ended in Sep. 2023 was €0.75 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was €-0.25 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. 11 88 0 Solutions AG's Operating Income for the three months ended in Sep. 2023 was €0.75 Mil. 11 88 0 Solutions AG's Revenue for the three months ended in Sep. 2023 was €14.03 Mil. Therefore, 11 88 0 Solutions AG's Operating Margin % for the quarter that ended in Sep. 2023 was 5.35%.

Good Sign:

11 88 0 Solutions AG operating margin is expanding. Margin expansion is usually a good sign.

11 88 0 Solutions AG's 5-Year average Growth Rate for Operating Margin % was 49.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. 11 88 0 Solutions AG's annualized ROC % for the quarter that ended in Sep. 2023 was 9.24%. 11 88 0 Solutions AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -16.90%.

11 88 0 Solutions AG Operating Income Historical Data

The historical data trend for 11 88 0 Solutions 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.

* Premium members only.

11 88 0 Solutions AG Operating Income Chart

11 88 0 Solutions AG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Operating Income

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-10.09

-3.00

-2.09

-2.66

-0.32

11 88 0 Solutions AG Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
Operating Income	Get a 7-Day Free Trial															-0.52	0.18	-0.48	-0.52	0.75

11 88 0 Solutions 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.25 Mil.

11 88 0 Solutions AG (FRA:TGT) Operating Income Explanation

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

11 88 0 Solutions AG's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	3.004 * ( 1 - 20.18% )	/	( (25.639	+	26.237)	/ 2 )
=	2.3977928	/	25.938
=	9.24 %

where

	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	))
=	22.362	-	1.667	-	( 1.162	-	max(0, 12.73	-	7.786	+	1.162	))
=	25.639

	Invested Capital		(Q: Sep. 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	))
=	22.711	-	0.986	-	( 1.344	-	max(0, 12.401	-	7.889	+	1.344	))
=	26.237

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

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

11 88 0 Solutions AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.6	/	( ( (3.689 + max(-4.703, 0))	+	(3.413 + max(-4.453, 0)) )	/	2 )
=	-0.6	/	( ( 3.689	+	3.413 )	/	2 )
=	-0.6	/	3.551
=	-16.90 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.694	+	0	+	0.93)	-	(1.667	+	0	+	9.66)
=	-4.703

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.837	+	0	+	0.708)	-	(0.986	+	0	+	10.012)
=	-4.453

When net working capital is negative, 0 is used.

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

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

11 88 0 Solutions AG's Operating Margin % for the quarter that ended in Sep. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.751	/	14.032
	=	5.35 %

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.

11 88 0 Solutions AG Operating Income Related Terms

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11 88 0 Solutions AG (FRA:TGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » 11 88 0 Solutions AG (FRA:TGT) » Definitions » Operating Income

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Traded in Other Exchanges

TGT:Germany

Address

Hohenzollernstrasse 24, Essen, NW, DEU, 45128

Website

https://www.11880.com

11 88 0 Solutions AG is telecom service company based in Germany. The company has business segments that are Directory Assistance and Digital. The Directory Assistance segment provides services related to inquiries made at by phone for information regarding of phone numbers, pre-dial numbers and addresses while the Digital segment receives revenue from advertisements on the company's platforms and websites. The Digital segment also includes the software solutions business, which comprises digital telephone books and yellow pages on CDROM and as intranet and database solutions. The company's product line includes online marketing and various tools to analyze data. The Digital segment generates maximum revenue for the company.