Mahube Infrastructure (JSE:MHB) Operating Income : R64.00 Mil (TTM As of Aug. 2024)

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What is Mahube Infrastructure Operating Income?

Mahube Infrastructure's Operating Income for the six months ended in Aug. 2024 was R37.27 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Aug. 2024 was R64.00 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Mahube Infrastructure's Operating Income for the six months ended in Aug. 2024 was R37.27 Mil. Mahube Infrastructure's Revenue for the six months ended in Aug. 2024 was R13.02 Mil. Therefore, Mahube Infrastructure's Operating Margin % for the quarter that ended in Aug. 2024 was 286.27%.

Mahube Infrastructure'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. Mahube Infrastructure's annualized ROC % for the quarter that ended in Aug. 2024 was 12.76%. Mahube Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was 390.97%.

Mahube Infrastructure Operating Income Historical Data

The historical data trend for Mahube Infrastructure'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.

Mahube Infrastructure Operating Income Chart

Mahube Infrastructure Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Operating Income

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39.94

30.31

65.91

-29.45

53.07

Mahube Infrastructure Semi-Annual Data
	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													16.01	-45.46	26.35	26.72	37.27

Mahube Infrastructure 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 R64.00 Mil.

Mahube Infrastructure (JSE:MHB) Operating Income Explanation

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

Mahube Infrastructure'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 )
=	74.546 * ( 1 - 0.01% )	/	( (575.767	+	592.953)	/ 2 )
=	74.5385454	/	584.36
=	12.76 %

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	))
=	581.415	-	0.845	-	( 4.803	-	max(0, 1.442	-	32.029	+	4.803	))
=	575.767

	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	))
=	606.849	-	0.637	-	( 13.259	-	max(0, 0.637	-	27.112	+	13.259	))
=	592.953

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:

Mahube Infrastructure'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 )
=	74.546	/	( ( (0.039 + max(25.62, 0))	+	(0.03 + max(12.445, 0)) )	/	2 )
=	74.546	/	( ( 25.659	+	12.475 )	/	2 )
=	74.546	/	19.067
=	390.97 %

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)
=	(27.062	+	0	+	7.105427357601E-15)	-	(0.845	+	0	+	0.597)
=	25.62

	Working Capital		(Q: Aug. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(13	+	0	+	0.081999999999997)	-	(0.637	+	0	+	0)
=	12.445

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 %:

Mahube Infrastructure'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 )
	=	37.273	/	13.02
	=	286.27 %

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.

Mahube Infrastructure Operating Income Related Terms

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Mahube Infrastructure Business Description

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Address

4 The High Street, 3rd Floor, Penthouse 5, Melrose Arch, Johannesburg, GT, ZAF, 2196

Website

https://www.mahube.africa

Mahube Infrastructure Ltd is an investment entity holding its investments in operational infrastructure assets. The company's business is to own infrastructure assets in the energy, transportation and water and sanitation sectors across Southern Africa.

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