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PT Visi Media Asia Tbk (ISX:VIVA) Operating Income : Rp-286,246 Mil (TTM As of Sep. 2023)


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What is PT Visi Media Asia Tbk Operating Income?

PT Visi Media Asia Tbk's Operating Income for the three months ended in Sep. 2023 was Rp-139,585 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was Rp-286,246 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. PT Visi Media Asia Tbk's Operating Income for the three months ended in Sep. 2023 was Rp-139,585 Mil. PT Visi Media Asia Tbk's Revenue for the three months ended in Sep. 2023 was Rp287,143 Mil. Therefore, PT Visi Media Asia Tbk's Operating Margin % for the quarter that ended in Sep. 2023 was -48.61%.

PT Visi Media Asia 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 Visi Media Asia Tbk's annualized ROC % for the quarter that ended in Sep. 2023 was -6.29%. PT Visi Media Asia Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -51.04%.


PT Visi Media Asia Tbk Operating Income Historical Data

The historical data trend for PT Visi Media Asia 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.

* Premium members only.

PT Visi Media Asia Tbk Operating Income Chart

PT Visi Media Asia Tbk Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41,121.21 -47,449.64 38,688.68 119,228.75 28,958.20

PT Visi Media Asia Tbk Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 38,552.15 -39,539.82 -36,999.64 -70,122.07 -139,584.91

PT Visi Media Asia 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was Rp-286,246 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.


PT Visi Media Asia Tbk  (ISX:VIVA) Operating Income Explanation

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

PT Visi Media Asia Tbk'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 )
=-558339.624 * ( 1 - -1.27% )/( (8955472.309 + 9020550.634)/ 2 )
=-565430.5372248/8988011.4715
=-6.29 %

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))
=9231870.044 - 7053983.229 - ( 26502.679 - max(0, 11052091.045 - 4274505.551+26502.679))
=8955472.309

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))
=9081613.256 - 7201101.639 - ( 12516.203 - max(0, 11289652.006 - 4149612.989+12516.203))
=9020550.634

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

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

PT Visi Media Asia Tbk'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 )
=-1522168.936/( ( (2997846.406 + max(-3201609.405, 0)) + (2966273.155 + max(-3445370.366, 0)) )/ 2 )
=-1522168.936/( ( 2997846.406 + 2966273.155 )/ 2 )
=-1522168.936/2982059.7805
=-51.04 %

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)
=(307970.142 + 695043.061 + 3223114.133) - (7053983.229 + 0 + 373753.512)
=-3201609.405

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(288375.963 + 588487.613 + 3228958.295) - (7201101.639 + 0 + 350090.598)
=-3445370.366

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 %:

PT Visi Media Asia Tbk'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 )
=-139584.906/287143.103
=-48.61 %

* 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 Visi Media Asia Tbk Operating Income Related Terms

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PT Visi Media Asia Tbk (ISX:VIVA) Business Description

Traded in Other Exchanges
N/A
Address
Jalan. H.R. Rasuna Said, Karet Kuningan, Kawasan Rasuna Epicentrum, 30th floor, Setiabudi, Jakarta, IDN, 12940
PT Visi Media Asia Tbk is an integrated convergent media company. The company delivers news, sports, and lifestyle content through the convergence of broadcast, online and mobile platforms. The operating segments of the company are advertisement and non-advertisement. The majority of its revenue is derived from the advertisement segment. The company is also engaged in broadcasting industry services on a channel, namely tvOne programs consisting of news, current affairs, talk shows, documentaries, and sports. tvOne broadcasts 24 hours a day and continues to deliver fast and accurate information within its programs. Significant daily events are presented in Breaking News which has become a reference for viewers throughout the country.

PT Visi Media Asia Tbk (ISX:VIVA) Headlines

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