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National Industries Co KSC (KUW:NICBM) Operating Income : KWD5.11 Mil (TTM As of Dec. 2024)


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What is National Industries Co KSC Operating Income?

National Industries Co KSC's Operating Income for the three months ended in Dec. 2024 was KWD0.46 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was KWD5.11 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. National Industries Co KSC's Operating Income for the three months ended in Dec. 2024 was KWD0.46 Mil. National Industries Co KSC's Revenue for the three months ended in Dec. 2024 was KWD13.04 Mil. Therefore, National Industries Co KSC's Operating Margin % for the quarter that ended in Dec. 2024 was 3.52%.

Good Sign:

National Industries Co KSC operating margin is expanding. Margin expansion is usually a good sign.

National Industries Co KSC's 5-Year average Growth Rate for Operating Margin % was 45.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. National Industries Co KSC's annualized ROC % for the quarter that ended in Dec. 2024 was 2.05%. National Industries Co KSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 17.83%.


National Industries Co KSC Operating Income Historical Data

The historical data trend for National Industries Co KSC'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.

National Industries Co KSC Operating Income Chart

National Industries Co KSC Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 4.34 4.26 3.12 5.11

National Industries Co KSC Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.99 2.47 0.71 1.47 0.46

National Industries Co KSC 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD5.11 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.


National Industries Co KSC  (KUW:NICBM) Operating Income Explanation

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

National Industries Co KSC's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=1.836 * ( 1 - 0.84% )/( (81.919 + 95.962)/ 2 )
=1.8205776/88.9405
=2.05 %

where

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

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

National Industries Co KSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=7.32/( ( (20.575 + max(21.947, 0)) + (19.443 + max(20.144, 0)) )/ 2 )
=7.32/( ( 42.522 + 39.587 )/ 2 )
=7.32/41.0545
=17.83 %

where Working Capital is:

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15.644 + 24.535 + 0.0069999999999979) - (18.205 + 0 + 0.033999999999999)
=21.947

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.992 + 24.377 + 2.103) - (4.357 + 0 + 12.971)
=20.144

When net working capital is negative, 0 is used.

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

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

National Industries Co KSC's Operating Margin % for the quarter that ended in Dec. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2024 )/Revenue (Q: Dec. 2024 )
=0.459/13.04
=3.52 %

* 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.


National Industries Co KSC Operating Income Related Terms

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National Industries Co KSC Business Description

Traded in Other Exchanges
N/A
Address
Jahra Road and International Airport Road, South Shuwaikh, PO Box 3314, Safat, Kuwait City, KWT, 13034
National Industries Co KSC is a company specializing in the manufacture and marketing of building materials and infrastructure products in the State of Kuwait. The business has four business segments which include building materials and contracting services, the Oil sector, Real estate, and investments. The majority of its revenue derives from the building materials and contracting services segment.

National Industries Co KSC Headlines

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