Leeds Group (LSE:LDSG) Operating Income : £-0.60 Mil (TTM As of Nov. 2023)

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What is Leeds Group Operating Income?

Leeds Group's Operating Income for the six months ended in Nov. 2023 was £-0.22 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Nov. 2023 was £-0.60 Mil.

Warning Sign:

Leeds Group PLC had lost money in 67% of the time over the past 3quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Leeds Group's Operating Income for the six months ended in Nov. 2023 was £-0.22 Mil. Leeds Group's Revenue for the six months ended in Nov. 2023 was £0.00 Mil. Therefore, Leeds Group's Operating Margin % for the quarter that ended in Nov. 2023 was %.

Leeds Group'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. Leeds Group's annualized ROC % for the quarter that ended in Nov. 2023 was -2.82%. Leeds Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was -4.06%.

Leeds Group Operating Income Historical Data

The historical data trend for Leeds Group'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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Leeds Group Operating Income Chart

Leeds Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Operating Income

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-0.07

-1.76

0.05

-0.71

-0.48

Leeds Group Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Operating Income	Get a 7-Day Free Trial															-0.36	-0.35	-0.09	-0.39	-0.22

Leeds Group 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 Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.60 Mil.

Leeds Group (LSE:LDSG) Operating Income Explanation

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

Leeds Group's annualized ROC % for the quarter that ended in Nov. 2023 is calculated as:

	ROC % (Q: Nov. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: May. 2023 )	+	Invested Capital (Q: Nov. 2023 ))	/ count )
=	-0.43 * ( 1 - 0% )	/	( (17.183	+	13.302)	/ 2 )
=	-0.43	/	15.2425
=	-2.82 %

where

	Invested Capital		(Q: May. 2023 )
=	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	))
=	18.391	-	0.974	-	( 0.234	-	max(0, 7.296	-	11.651	+	0.234	))
=	17.183

	Invested Capital		(Q: Nov. 2023 )
=	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	))
=	13.489	-	0.093	-	( 0.094	-	max(0, 8.038	-	8.28	+	0.094	))
=	13.302

Note: The Operating Income data used here is two times the semi-annual (Nov. 2023) data.

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

Leeds Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Nov. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: May. 2023		Q: Nov. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.43	/	( ( (6.694 + max(9.112, 0))	+	(5.209 + max(0.148, 0)) )	/	2 )
=	-0.43	/	( ( 15.806	+	5.357 )	/	2 )
=	-0.43	/	10.5815
=	-4.06 %

where Working Capital is:

	Working Capital		(Q: May. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.424	+	8.218	+	0.167)	-	(0.974	+	0	+	0.723)
=	9.112

	Working Capital		(Q: Nov. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.017	+	0	+	8.169)	-	(0.093	+	0	+	7.945)
=	0.148

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Nov. 2023) EBIT data.

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

Leeds Group's Operating Margin % for the quarter that ended in Nov. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	-0.215	/	0
	=	%

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.

Leeds Group Operating Income Related Terms

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Leeds Group (LSE:LDSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Leeds Group PLC (LSE:LDSG) » Definitions » Operating Income

Traded in Other Exchanges

N/A

Address

14-18 York Road, Craven House, Wetherby, Leeds, GBR, LS22 6SL

Website

https://www.leedsgroup.plc.uk

Leeds Group PLC is a textile processing company. The firm along with its subsidiaries engages in fabric printing and yarn dyeing. It operates its business under two segments: Hemmers, and KMR. Through its segments, it imports, stores and wholesales fabrics. It offers a range of fabrics of all qualities, including both basic and fashion items to retailers and wholesalers, as well as manufacturers.

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