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Calgro M3 Holdings (JSE:CGR) Operating Income : R242 Mil (TTM As of Aug. 2024)


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What is Calgro M3 Holdings Operating Income?

Calgro M3 Holdings's Operating Income for the six months ended in Aug. 2024 was R97 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Aug. 2024 was R242 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Calgro M3 Holdings's Operating Income for the six months ended in Aug. 2024 was R97 Mil. Calgro M3 Holdings's Revenue for the six months ended in Aug. 2024 was R507 Mil. Therefore, Calgro M3 Holdings's Operating Margin % for the quarter that ended in Aug. 2024 was 19.22%.

Calgro M3 Holdings'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. Calgro M3 Holdings's annualized ROC % for the quarter that ended in Aug. 2024 was 5.82%. Calgro M3 Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was 167.88%.


Calgro M3 Holdings Operating Income Historical Data

The historical data trend for Calgro M3 Holdings'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.

Calgro M3 Holdings Operating Income Chart

Calgro M3 Holdings 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 11.49 20.96 190.05 249.47 247.38

Calgro M3 Holdings 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 92.24 157.23 103.01 144.38 97.46

Calgro M3 Holdings 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 R242 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.


Calgro M3 Holdings  (JSE:CGR) Operating Income Explanation

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

Calgro M3 Holdings'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 )
=194.91 * ( 1 - 23.22% )/( (2551.481 + 2591.549)/ 2 )
=149.651898/2571.515
=5.82 %

where

Invested Capital(Q: Feb. 2024 )
=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))
=2836.211 - 162.092 - ( 122.638 - max(0, 264.879 - 2089.716+122.638))
=2551.481

Invested Capital(Q: Aug. 2024 )
=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))
=3057.72 - 297.258 - ( 168.913 - max(0, 505.258 - 2703.142+168.913))
=2591.549

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:

Calgro M3 Holdings'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 )
=315.442/( ( (29.189 + max(-106.292, 0)) + (27.874 + max(318.733, 0)) )/ 2 )
=315.442/( ( 29.189 + 346.607 )/ 2 )
=315.442/187.898
=167.88 %

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)
=(80.305 + 68.649 + 7.8130000000001) - (162.092 + 0 + 100.967)
=-106.292

Working Capital(Q: Aug. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(98.636 + 517 + 0.35500000000002) - (297.258 + 0 + 0)
=318.733

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 %:

Calgro M3 Holdings'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 )
=97.455/507.009
=19.22 %

* 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.


Calgro M3 Holdings Operating Income Related Terms

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Calgro M3 Holdings Business Description

Traded in Other Exchanges
Address
33 Ballyclare Drive, Ballywoods Office Park, Calgro M3 Building, Bryanston, Sandton, Johannesburg, GT, ZAF, 2196
Calgro M3 Holdings Ltd is a South Africa based company engaged in residential property and memorial parks development. It focuses on the lower end of the market and is engaged in large-scale integrated mixed-use projects and supply of rental investments. The group has two operating segments, namely Residential property development; and Memorial Parks. Residential Property development consists of infrastructure development, marketing and sales, construction, and handover to the client. Memorial Parks consists of activities such as land development, burial rights, maintenance services and others. The Residential property development segment constitutes majorly to the total revenue of the company.

Calgro M3 Holdings Headlines

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