African Dawn Capital (JSE:ADW) Operating Income: R-13.22 Mil (TTM As of Aug. 2024)

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JSE:ADW African Dawn Capital Ltd JSE:ADW
11 GF Score
Price R0.15
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What is African Dawn Capital Operating Income?

African Dawn Capital JSE:ADW 11 Operating Income is R-13.22 Mil as of Aug. 2024. GuruFocus rates JSE:ADW with a GF Score™ of 11/100.

African Dawn Capital's Operating Income for the six months ended in Aug. 2024 was R-8.20 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Aug. 2024 was R-13.22 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. African Dawn Capital's Operating Income for the six months ended in Aug. 2024 was R-8.20 Mil. African Dawn Capital's Revenue for the six months ended in Aug. 2024 was R6.28 Mil. Therefore, African Dawn Capital's Operating Margin % for the quarter that ended in Aug. 2024 was -130.65%.

African Dawn Capital'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. African Dawn Capital's annualized ROC % for the quarter that ended in Aug. 2024 was -43.08%. African Dawn Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was -633.16%.


African Dawn Capital  (JSE:ADW) Operating Income Explanation

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

African Dawn Capital's annualized ROC % for the quarter that ended in Aug. 2024 is calculated as:

ROC % (Q: Aug. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2024 ) + Invested Capital (Q: Aug. 2024 ))/ count )
=-16.402 * ( 1 - 0% )/( (39.652 + 36.489)/ 2 )
=-16.402/38.0705
=-43.08 %

where

Note: The Operating Income data used here is two times the semi-annual (Aug. 2024) data.

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

African Dawn Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Aug. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2024  Q: Aug. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-16.402/( ( (2.181 + max(1.292, 0)) + (1.708 + max(-1.147, 0)) )/ 2 )
=-16.402/( ( 3.473 + 1.708 )/ 2 )
=-16.402/2.5905
=-633.16 %

where Working Capital is:

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.48 + 0 + 0.192) - (5.47 + 0 + 1.91)
=1.292

Working Capital(Q: Aug. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.826 + 0 + 0) - (7.973 + 0 + 0)
=-1.147

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Aug. 2024) EBIT data.

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

African Dawn Capital's Operating Margin % for the quarter that ended in Aug. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Aug. 2024 )/Revenue (Q: Aug. 2024 )
=-8.201/6.277
=-130.65 %

* 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.


African Dawn Capital Operating Income Related Terms


African Dawn Capital Operating Income Historical Data

* Premium members only.

The historical data trend for African Dawn Capital'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.

African Dawn Capital Operating Income Chart

African Dawn Capital Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.68 -11.42 -9.52 -11.24 -12.21

African Dawn Capital Semi-Annual Data
Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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 -5.99 -5.25 -7.19 -5.02 -8.20
JSE:ADW
11GF Score
African Dawn Capital Ltd JSE:ADW
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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African Dawn Capital 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 Aug. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-13.22 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 R-13.22 Mil mean?
African Dawn Capital (JSE:ADW) has a Operating Income of R-13.22 Mil as of Aug. 2024. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on African Dawn Capital and its competitors.
Is African Dawn Capital's Operating Income too high?
African Dawn Capital's current Operating Income is R-13.22 Mil. Overall, African Dawn Capital has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does African Dawn Capital's Operating Income compare to V and MA?
African Dawn Capital's Operating Income of R-13.22 Mil can be compared against companies in the Credit Services 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 Credit Services company?
A good Operating Income depends on the Credit Services 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 African Dawn Capital and its competitors. African Dawn Capital's current Operating Income is R-13.22 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is African Dawn Capital stock overvalued right now?
African Dawn Capital (JSE:ADW) has a current Operating Income of R-13.22 Mil. The current Operating Income is R-13.22 Mil. African Dawn Capital's overall GF Score™ is 11/100. 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 African Dawn Capital (JSE:ADW), the current Operating Income is R-13.22 Mil as of Aug. 2024. 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.

African Dawn Capital Business Description

Address Corner of Sonop and Ontdekkers Roads, 3rd Floor, The Village at Horizon, Horizon View, Johannesburg, GT, ZAF, 1724
African Dawn Capital Ltd operates as a microfinance company. The company's operating segment includes Investment advisory and investment management, Microfinance, and Head Office segment. It generates maximum revenue from the Microfinance segment. Geographically, the company operates only in South Africa.
11GF Score

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