Motor Oil (Hellas) Corinth Refineries (LTS:0MQT) Operating Income : €725 Mil (TTM As of Sep. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Motor Oil (Hellas) Corinth Refineries Operating Income?

Motor Oil (Hellas) Corinth Refineries's Operating Income for the three months ended in Sep. 2024 was €62 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was €725 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Motor Oil (Hellas) Corinth Refineries's Operating Income for the three months ended in Sep. 2024 was €62 Mil. Motor Oil (Hellas) Corinth Refineries's Revenue for the three months ended in Sep. 2024 was €3,131 Mil. Therefore, Motor Oil (Hellas) Corinth Refineries's Operating Margin % for the quarter that ended in Sep. 2024 was 1.98%.

Motor Oil (Hellas) Corinth Refineries'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. Motor Oil (Hellas) Corinth Refineries's annualized ROC % for the quarter that ended in Sep. 2024 was -9.77%. Motor Oil (Hellas) Corinth Refineries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 14.91%.

Motor Oil (Hellas) Corinth Refineries Operating Income Historical Data

The historical data trend for Motor Oil (Hellas) Corinth Refineries'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.

Motor Oil (Hellas) Corinth Refineries Operating Income Chart

Motor Oil (Hellas) Corinth Refineries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

Get a 7-Day Free Trial

343.79

-36.12

325.42

1,523.85

1,130.05

Motor Oil (Hellas) Corinth Refineries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Operating Income	Get a 7-Day Free Trial															553.15	155.16	289.94	217.70	61.99

Motor Oil (Hellas) Corinth Refineries 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €725 Mil.

Motor Oil (Hellas) Corinth Refineries (LTS:0MQT) Operating Income Explanation

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

Motor Oil (Hellas) Corinth Refineries's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	247.952 * ( 1 - 294.74% )	/	( (4878.291	+	5003.365)	/ 2 )
=	-482.8617248	/	4940.828
=	-9.77 %

where

	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	))
=	7684.489	-	1548.684	-	( 1257.514	-	max(0, 1841.626	-	3436.167	+	1257.514	))
=	4878.291

	Invested Capital		(Q: Sep. 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	))
=	7310.102	-	1313.602	-	( 993.135	-	max(0, 1621.618	-	3083.321	+	993.135	))
=	5003.365

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

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

Motor Oil (Hellas) Corinth Refineries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	506.52	/	( ( (2739.804 + max(582.406, 0))	+	(2756.721 + max(717.435, 0)) )	/	2 )
=	506.52	/	( ( 3322.21	+	3474.156 )	/	2 )
=	506.52	/	3398.183
=	14.91 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1076.263	+	1062.943	+	39.447)	-	(1548.684	+	0	+	47.563)
=	582.406

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(950.016	+	1096.588	+	43.582)	-	(1313.602	+	0	+	59.149)
=	717.435

When net working capital is negative, 0 is used.

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

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

Motor Oil (Hellas) Corinth Refineries's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	61.988	/	3130.852
	=	1.98 %

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.

Motor Oil (Hellas) Corinth Refineries Operating Income Related Terms

Thank you for viewing the detailed overview of Motor Oil (Hellas) Corinth Refineries's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Motor Oil (Hellas) Corinth Refineries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Motor Oil (Hellas) Corinth Refineries SA (LTS:0MQT) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

MOHCY:USA MOHCF:USA MOH:Greece MHZ:Germany

Address

12A, Irodou Attikou Street, Maroussi, GRC, 151 24

Website

https://www.moh.gr

Motor Oil (Hellas) Corinth Refineries SA plays a role in the sectors of crude oil refining and marketing of petroleum products in Greece as well as the eastern Mediterranean region, supplying its customers with a wide range of quality products. The refinery with its ancillary plants and fuel distribution facilities forms the privately-owned industrial complex in Greece and its considered one of the modern refineries in Europe. It serves petroleum marketing companies in Greece and internationally. The Group is active in four main operating business segments: Refining Activity, Fuels Marketing Activity, Power and Gas and Other. Its derives maximum revenue from Refining Activity.

Motor Oil (Hellas) Corinth Refineries Headlines

No Headlines