GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » PCC Rokita SA (LTS:0QVX) » Definitions » Operating Income

PCC Rokita (LTS:0QVX) Operating Income : zł207 Mil (TTM As of Mar. 2024)


View and export this data going back to 2014. Start your Free Trial

What is PCC Rokita Operating Income?

PCC Rokita's Operating Income for the three months ended in Mar. 2024 was zł28 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was zł207 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. PCC Rokita's Operating Income for the three months ended in Mar. 2024 was zł28 Mil. PCC Rokita's Revenue for the three months ended in Mar. 2024 was zł492 Mil. Therefore, PCC Rokita's Operating Margin % for the quarter that ended in Mar. 2024 was 5.74%.

Good Sign:

PCC Rokita SA operating margin is expanding. Margin expansion is usually a good sign.

PCC Rokita's 5-Year average Growth Rate for Operating Margin % was 7.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PCC Rokita's annualized ROC % for the quarter that ended in Mar. 2024 was 4.43%. PCC Rokita's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.40%.


PCC Rokita Operating Income Historical Data

The historical data trend for PCC Rokita'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.

PCC Rokita Operating Income Chart

PCC Rokita Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 173.07 153.78 481.48 825.42 369.01

PCC Rokita Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 184.13 23.70 43.10 111.95 28.21

PCC Rokita 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was zł207 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.


PCC Rokita  (LTS:0QVX) Operating Income Explanation

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

PCC Rokita's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=112.848 * ( 1 - 18.98% )/( (2044.531 + 2079.487)/ 2 )
=91.4294496/2062.009
=4.43 %

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))
=2524.898 - 191.255 - ( 289.112 - max(0, 502.204 - 797.167+289.112))
=2044.531

Invested Capital(Q: Mar. 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))
=2531.75 - 170.107 - ( 282.156 - max(0, 476.756 - 808.266+282.156))
=2079.487

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

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

PCC Rokita's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=112.7/( ( (1480.745 + max(23.628, 0)) + (1463.927 + max(75.998, 0)) )/ 2 )
=112.7/( ( 1504.373 + 1539.925 )/ 2 )
=112.7/1522.149
=7.40 %

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)
=(218.148 + 167.218 + 34.448) - (191.255 + 0 + 204.931)
=23.628

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(248.215 + 153.836 + 69.958) - (170.107 + 0 + 225.904)
=75.998

When net working capital is negative, 0 is used.

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

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

PCC Rokita's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=28.212/491.924
=5.74 %

* 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.


PCC Rokita Operating Income Related Terms

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


PCC Rokita (LTS:0QVX) Business Description

Traded in Other Exchanges
Address
ul. Sienkiewicza 4, Brzeg Dolny, POL, 56-120
PCC Rokita SA is engaged in manufacturing chemicals. Its products include Polyols, Chloralkali, Chlorobenzene, Phosphorus derivatives, and Naphthalene derivatives. It serves adhesives, agrochemicals, building and construction, case, detergents, fire prevention, food and fuel industry, furniture, I&I cleaning, lubricants and functional fluids, metallurgical, mining and drilling, oilfield, paints and coatings, personal care, pharmaceuticals, plastics, power, printing ink, pulp and paper, raw materials and intermediates, refrigeration and household appliances, sports and recreation, tanning and textile, transportation, and water and wastewater treatment industries.

PCC Rokita (LTS:0QVX) Headlines

No Headlines