PT Polaris Investama Tbk (ISX:PLAS) Operating Income: Rp2,370 Mil (TTM As of Jun. 2020)


ISX:PLAS PT Polaris Investama Tbk ISX:PLAS
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What is PT Polaris Investama Tbk Operating Income?

PT Polaris Investama Tbk ISX:PLAS 4 Operating Income is Rp2,370 Mil as of Jun. 2020. GuruFocus rates ISX:PLAS with a GF Score™ of 4/100.

PT Polaris Investama Tbk's Operating Income for the three months ended in Jun. 2020 was Rp-385 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2020 was Rp2,370 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. PT Polaris Investama Tbk's Operating Income for the three months ended in Jun. 2020 was Rp-385 Mil. PT Polaris Investama Tbk's Revenue for the three months ended in Jun. 2020 was Rp576 Mil. Therefore, PT Polaris Investama Tbk's Operating Margin % for the quarter that ended in Jun. 2020 was -66.96%.

PT Polaris Investama Tbk'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. PT Polaris Investama Tbk's annualized ROC % for the quarter that ended in Jun. 2020 was -0.74%. PT Polaris Investama Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was %.

PT Polaris Investama Tbk  (ISX:PLAS) Operating Income Explanation

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

PT Polaris Investama Tbk'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: Mar. 2020 ) + Invested Capital (Q: Jun. 2020 ))/ count )
=-1541.608 * ( 1 - 0% )/( (208974.518 + 209074.024)/ 2 )
=-1541.608/209024.271
=-0.74 %

where

Invested Capital(Q: Mar. 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))
=186040.892 - 534.197 - ( 2071.152 - max(0, 31125.095 - 7657.272+2071.152))
=208974.518

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))
=185251.42 - 575.911 - ( 1408.919 - max(0, 31266.315 - 6867.8+1408.919))
=209074.024

Note: The Operating Income data used here is four times the quarterly (Jun. 2020) data.

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

PT Polaris Investama Tbk'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: Mar. 2020  Q: Jun. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1517.912/( ( (0 + max(-10338.175, 0)) + (0 + max(-11405.834, 0)) )/ 2 )
=-1517.912/( ( 0 + 0 )/ 2 )
=-1517.912/0
= %

where Working Capital is:

Working Capital(Q: Mar. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 5585.12 + 1) - (534.197 + 0 + 15390.098)
=-10338.175

Working Capital(Q: Jun. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 5457.881 + 1) - (575.911 + 0 + 16288.804)
=-11405.834

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2020) EBIT data.

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

PT Polaris Investama Tbk'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 )
=-385.402/575.555
=-66.96 %

* 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.

PT Polaris Investama Tbk Operating Income Related Terms

PT Polaris Investama Tbk Operating Income Historical Data

* Premium members only.

The historical data trend for PT Polaris Investama Tbk'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.

PT Polaris Investama Tbk Operating Income Chart

PT Polaris Investama Tbk Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Operating Income
Get a 7-Day Free Trial -2,515.33 1,903.61 13,359.23 11,187.95 3,774.86

PT Polaris Investama Tbk Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
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 684.95 1,757.97 789.06 208.17 -385.40
ISX:PLAS
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PT Polaris Investama Tbk ISX:PLAS
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PT Polaris Investama Tbk 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 quarterly data reported by the company within the most recent 12 months, which was Rp2,370 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 Rp2,370 Mil mean?
PT Polaris Investama Tbk (ISX:PLAS) has a Operating Income of Rp2,370 Mil as of Jun. 2020. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on PT Polaris Investama Tbk and its competitors.
Is PT Polaris Investama Tbk's Operating Income too high?
PT Polaris Investama Tbk's current Operating Income is Rp2,370 Mil. Overall, PT Polaris Investama Tbk has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does PT Polaris Investama Tbk's Operating Income compare to competitors?
PT Polaris Investama Tbk's Operating Income of Rp2,370 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Operating Income depends on the Capital Markets 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 PT Polaris Investama Tbk and its competitors. PT Polaris Investama Tbk's current Operating Income is Rp2,370 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Polaris Investama Tbk stock overvalued right now?
PT Polaris Investama Tbk (ISX:PLAS) has a current Operating Income of Rp2,370 Mil. The current Operating Income is Rp2,370 Mil. PT Polaris Investama Tbk's overall GF Score™ is 4/100. 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 PT Polaris Investama Tbk (ISX:PLAS), the current Operating Income is Rp2,370 Mil as of Jun. 2020. 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.

PT Polaris Investama Tbk Business Description

Address Mayapada Tower Lt. 11, Jl. Jend. Sudirman Kav. 28, Jakarta, IDN, 12920
PT Polaris Investama Tbk operates in capital markets industry in Indonesia. The company is an investment company operates as a dealer broker and underwriter.
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