Aviation Lease & Finance Co KSCC (KUW:ALAFCO) Operating Income : KWD11.73 Mil (TTM As of Sep. 2024)

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What is Aviation Lease & Finance Co KSCC Operating Income?

Aviation Lease & Finance Co KSCC's Operating Income for the three months ended in Sep. 2024 was KWD17.64 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was KWD11.73 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Aviation Lease & Finance Co KSCC's Operating Income for the three months ended in Sep. 2024 was KWD17.64 Mil. Aviation Lease & Finance Co KSCC's Revenue for the three months ended in Sep. 2024 was KWD-0.04 Mil. Therefore, Aviation Lease & Finance Co KSCC's Operating Margin % for the quarter that ended in Sep. 2024 was -47,678.38%.

Warning Sign:

Aviation Lease & Finance Co KSCC operating margin has been in a 5-year decline. The average rate of decline per year is -2.1%.

Aviation Lease & Finance Co KSCC's 5-Year average Growth Rate for Operating Margin % was -2.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aviation Lease & Finance Co KSCC's annualized ROC % for the quarter that ended in Sep. 2024 was 110.65%. Aviation Lease & Finance Co KSCC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 69.95%.

Aviation Lease & Finance Co KSCC Operating Income Historical Data

The historical data trend for Aviation Lease & Finance Co KSCC'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.

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Aviation Lease & Finance Co KSCC Operating Income Chart

Aviation Lease & Finance Co KSCC Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Operating Income

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47.38

27.74

51.45

17.05

5.08

Aviation Lease & Finance Co KSCC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Operating Income	Get a 7-Day Free Trial															6.54	6.11	9.38	-21.40	17.64

Aviation Lease & Finance Co KSCC 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD11.73 Mil.

Aviation Lease & Finance Co KSCC (KUW:ALAFCO) Operating Income Explanation

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

Aviation Lease & Finance Co KSCC's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	70.564 * ( 1 - 4.2% )	/	( (121.113	+	1.074)	/ 2 )
=	67.600312	/	61.0935
=	110.65 %

where

	Invested Capital		(Q: Jun. 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	))
=	354.061	-	0	-	( 237.156	-	max(0, 121.113	-	354.061	+	237.156	))
=	121.113

	Invested Capital		(Q: Sep. 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	))
=	241.552	-	179.683	-	( 237.196	-	max(0, 180.757	-	241.552	+	237.196	))
=	1.074

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Aviation Lease & Finance Co KSCC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	27.516	/	( ( (0 + max(78.676, 0))	+	(0 + max(-180.699, 0)) )	/	2 )
=	27.516	/	( ( 78.676	+	0 )	/	2 )
=	27.516	/	39.338
=	69.95 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.672	+	0	+	105.233)	-	(0	+	0	+	38.229)
=	78.676

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.057999999999993)	-	(179.683	+	0	+	1.074)
=	-180.699

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

Aviation Lease & Finance Co KSCC's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	17.641	/	-0.037
	=	-47,678.38 %

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.

Aviation Lease & Finance Co KSCC Operating Income Related Terms

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Aviation Lease & Finance Co KSCC Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aviation Lease & Finance Co KSCC (KUW:ALAFCO) » Definitions » Operating Income

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Address

Abdul Aziz Hamid Al Sagar Street, Second Floor, Chamber of Commerce & Industry Building Annexe, P.O. Box 2255, Al-Qibla, Safat, Kuwait City, KWT, 13023

Website

http://www.alafco-kw.com

Aviation Lease & Finance Co KSCC is engaged in the leasing of Aircraft. The company is engaged in the business of aircraft leasing and providing asset management, marketing, and consultancy services to aviation-related businesses in line with the Islamic Shariah principles. The company's offering includes Operating Lease, Sale and Leaseback, and Aircraft Lease Management. Its geographical segments include the Middle East, Asia, Europe, America, and Africa., out of which it generates maximum revenue from Middle East region.

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