Aferian (LSE:AFRN) Operating Income: £1.20 Mil (TTM As of May. 2025)

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What is Aferian Operating Income?

Aferian LSE:AFRN Operating Income is £1.20 Mil as of May. 2025. The stock has 9 warning signs investors should review.

Aferian's Operating Income for the six months ended in May. 2025 was £-0.96 Mil. Its Operating Income for the trailing twelve months (TTM) ended in May. 2025 was £1.20 Mil.

Warning Sign:

Aferian PLC has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Aferian's Operating Income for the six months ended in May. 2025 was £-0.96 Mil. Aferian's Revenue for the six months ended in May. 2025 was £12.46 Mil. Therefore, Aferian's Operating Margin % for the quarter that ended in May. 2025 was -7.67%.

Aferian'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. Aferian's annualized ROC % for the quarter that ended in May. 2025 was -6.00%. Aferian's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2025 was -114.01%.

Aferian  (LSE:AFRN) Operating Income Explanation

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

Aferian's annualized ROC % for the quarter that ended in May. 2025 is calculated as:

ROC % (Q: May. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2024 ) + Invested Capital (Q: May. 2025 ))/ count )
=-1.912 * ( 1 - 0% )/( (34.023 + 29.706)/ 2 )
=-1.912/31.8645
=-6.00 %

where

Invested Capital(Q: Nov. 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))
=27.352 - 4.167 - ( 1.781 - max(0, 18.905 - 8.067+1.781))
=34.023

Invested Capital(Q: May. 2025 )
=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))
=24.786 - 7.408 - ( 0.422 - max(0, 18.927 - 6.599+0.422))
=29.706

Note: The Operating Income data used here is two times the semi-annual (May. 2025) data.

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

Aferian's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: May. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2024  Q: May. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.838/( ( (0.873 + max(-3.392, 0)) + (0.597 + max(-1.23, 0)) )/ 2 )
=-0.838/( ( 0.873 + 0.597 )/ 2 )
=-0.838/0.735
=-114.01 %

where Working Capital is:

Working Capital(Q: Nov. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.597 + 1.905 + 0.406) - (4.167 + 0 + 4.133)
=-3.392

Working Capital(Q: May. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.316 + 1.582 + 0.279) - (7.408 + 0 + -0.0010000000000012)
=-1.23

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (May. 2025) EBIT data.

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

Aferian's Operating Margin % for the quarter that ended in May. 2025 is calculated as:

Operating Margin %=Operating Income (Q: May. 2025 )/Revenue (Q: May. 2025 )
=-0.956/12.461
=-7.67 %

* 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.

Aferian Operating Income Related Terms

Aferian Operating Income Historical Data

* Premium members only.

The historical data trend for Aferian'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.

Aferian Operating Income Chart

Aferian Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.88 3.85 -14.16 -47.96 -5.88

Aferian Semi-Annual Data
Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25
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 -6.40 -41.54 -8.10 2.16 -0.96

Aferian 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 May. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was £1.20 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 £1.20 Mil mean?
Aferian (LSE:AFRN) has a Operating Income of £1.20 Mil as of May. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Aferian and its competitors.
Is Aferian's Operating Income too high?
Aferian's current Operating Income is £1.20 Mil.
How does Aferian's Operating Income compare to NXST and TGNA?
Aferian's Operating Income of £1.20 Mil can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Operating Income depends on the Media - Diversified 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 Aferian and its competitors. Aferian's current Operating Income is £1.20 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aferian stock overvalued right now?
Aferian (LSE:AFRN) has a current Operating Income of £1.20 Mil. The stock's GF Value™ is £0.04, compared to a current price of £0.01 — trading 86.3% below its estimated fair value. The current Operating Income is £1.20 Mil. 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 Aferian (LSE:AFRN), the current Operating Income is £1.20 Mil as of May. 2025. 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.

Aferian Business Description

Address 1010 Cambourne Business Park, Cambourne, Cambridge, England, GBR, CB23 6DP
Aferian PLC is a software-led, world-wide Media Technology company. It delivers modern TV experiences integrating streaming and PayTV services. Its Next-Generation technology platforms enable operators, broadcasters, and content owners to provide viewers the choice, usability, and convenience. Geographically, it operates in USA, Latin America, Netherlands, Rest of EMEA, EMEA, and Rest of the World. The company operates through three segments: the development and sale of video streaming devices and solutions, including licensing and support services (Amino); development and sale of the 24i end-to-end video streaming platform and associated services; and central costs which comprise the costs of the Board. It derives maximum revenue from 24i segment.