Windward (LSE:WNWD) Operating Income : £-7.42 Mil (TTM As of Dec. 2023)

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What is Windward Operating Income?

Windward's Operating Income for the six months ended in Dec. 2023 was £0.00 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was £-7.42 Mil.

Warning Sign:

Windward Ltd 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. Windward's Operating Income for the six months ended in Dec. 2023 was £0.00 Mil. Windward's Revenue for the six months ended in Dec. 2023 was £0.00 Mil. Therefore, Windward's Operating Margin % for the quarter that ended in Dec. 2023 was %.

Good Sign:

Windward Ltd operating margin is expanding. Margin expansion is usually a good sign.

Windward's 5-Year average Growth Rate for Operating Margin % was 5.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Windward's annualized ROC % for the quarter that ended in Dec. 2023 was 0.00%. Windward's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.00%.

Windward Operating Income Historical Data

The historical data trend for Windward'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.

Windward Operating Income Chart

Windward Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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-3.02

-2.87

-7.44

-12.73

-6.30

Windward Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Operating Income	Get a 7-Day Free Trial					-4.50	-5.26	-7.42	-	-

Windward 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-7.42 Mil.

Windward (LSE:WNWD) Operating Income Explanation

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

Windward's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	0 * ( 1 - 0% )	/	( (11.425	+	17.131)	/ 2 )
=	0	/	14.278
=	0.00 %

where

	Invested Capital		(Q: Jun. 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	))
=	21.397	-	2.837	-	( 13.525	-	max(0, 11.318	-	18.453	+	13.525	))
=	11.425

	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	))
=	22.429	-	0.814	-	( 13.68	-	max(0, 14.534	-	19.018	+	13.68	))
=	17.131

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

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

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

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0	/	( ( (1.993 + max(-9.069, 0))	+	(1.789 + max(-10.67, 0)) )	/	2 )
=	0	/	( ( 1.993	+	1.789 )	/	2 )
=	0	/	1.891
=	0.00 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.3	+	0	+	0.719)	-	(2.837	+	0	+	8.251)
=	-9.069

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.977	+	0	+	1.626)	-	(0.814	+	0	+	13.459)
=	-10.67

When net working capital is negative, 0 is used.

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

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

Windward's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0	/	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.

Windward Operating Income Related Terms

Thank you for viewing the detailed overview of Windward's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Windward (LSE:WNWD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Windward Ltd (LSE:WNWD) » Definitions » Operating Income

Comparable Companies

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X3X:Germany

Address

2 Hashlosha Street, Tel Aviv, ISR, 6706054

Website

https://www.windward.ai

Windward Ltd is a predictive intelligence company, fusing artificial intelligence and maritime expertise seeking to digitalize the maritime industry. The company's AI-powered software solution aims to provide real-time information and insights on seafaring vessels at sea, enabling stakeholders within the maritime ecosystem to make intelligence-driven decisions to manage risk and achieve business and operational insights. Geographically company generates the majority of its revenue from Europe and also has a presence in Israel, the United States, APAC, GCC, and South America.

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