RA International Group (LSE:RAI) Operating Income : £-3.41 Mil (TTM As of Jun. 2024)

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What is RA International Group Operating Income?

RA International Group's Operating Income for the six months ended in Jun. 2024 was £-2.61 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2024 was £-3.41 Mil.

Warning Sign:

RA International 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. RA International Group's Operating Income for the six months ended in Jun. 2024 was £-2.61 Mil. RA International Group's Revenue for the six months ended in Jun. 2024 was £23.94 Mil. Therefore, RA International Group's Operating Margin % for the quarter that ended in Jun. 2024 was -10.88%.

RA International 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. RA International Group's annualized ROC % for the quarter that ended in Jun. 2024 was -19.45%. RA International Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -21.32%.

RA International Group Operating Income Historical Data

The historical data trend for RA International 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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RA International Group Operating Income Chart

RA International Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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10.44

6.84

0.99

-5.33

-2.49

RA International Group Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Operating Income	Get a 7-Day Free Trial											-2.03	-3.28	-1.69	-0.81	-2.61

RA International 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-3.41 Mil.

RA International Group (LSE:RAI) Operating Income Explanation

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

RA International Group's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-5.21 * ( 1 - 0% )	/	( (27.453	+	26.133)	/ 2 )
=	-5.21	/	26.793
=	-19.45 %

where

	Invested Capital		(Q: Dec. 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	))
=	45.905	-	5.146	-	( 13.306	-	max(0, 10.964	-	29.017	+	13.306	))
=	27.453

	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	))
=	39.73	-	5.801	-	( 7.796	-	max(0, 8.207	-	23.37	+	7.796	))
=	26.133

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

RA International Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-5.076	/	( ( (16.888 + max(4.605, 0))	+	(16.36 + max(9.773, 0)) )	/	2 )
=	-5.076	/	( ( 21.493	+	26.133 )	/	2 )
=	-5.076	/	23.813
=	-21.32 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8.845	+	3.276	+	0.989)	-	(5.146	+	0	+	3.359)
=	4.605

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10.37	+	5.205	+	-0.00099999999999767)	-	(5.801	+	0	+	0)
=	9.773

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

RA International Group's Operating Margin % for the quarter that ended in Jun. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	-2.605	/	23.938
	=	-10.88 %

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.

RA International Group Operating Income Related Terms

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RA International Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » RA International Group PLC (LSE:RAI) » Definitions » Operating Income

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N/A

Address

One Fleet Place, London, GBR, EC4M 7WS

Website

http://www.raints.com

RA International Group PLC provides integrated supply chain, construction and integrated facilities management services. The principal activity of RA International Group plc is providing services in demanding and remote areas. These services include construction, integrated facilities management, and supply chain services. The company's only reportable segment is the provision of services in demanding and remote areas. It offers civil and general construction services; operation and maintenance services. The company generates revenue from services such as Construction, Integrated facilities management, and Supply chain services. Its geographical segments include Africa and Others of which it derives a majority of its revenue from Africa.