Fiducial Real Estate (LUX:ORIAL) Operating Income: €37.44 Mil (TTM As of Mar. 2023)


LUX:ORIAL Fiducial Real Estate LUX:ORIAL
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What is Fiducial Real Estate Operating Income?

Fiducial Real Estate LUX:ORIAL 4 Operating Income is €37.44 Mil as of Mar. 2023. GuruFocus rates LUX:ORIAL with a GF Score™ of 4/100.

Fiducial Real Estate's Operating Income for the six months ended in Mar. 2023 was €19.34 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2023 was €37.44 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fiducial Real Estate's Operating Income for the six months ended in Mar. 2023 was €19.34 Mil. Fiducial Real Estate's Revenue for the six months ended in Mar. 2023 was €43.56 Mil. Therefore, Fiducial Real Estate's Operating Margin % for the quarter that ended in Mar. 2023 was 44.39%.

Fiducial Real Estate'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. Fiducial Real Estate's annualized ROC % for the quarter that ended in Mar. 2023 was 5.52%. Fiducial Real Estate's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 11,945.87%.

Fiducial Real Estate  (LUX:ORIAL) Operating Income Explanation

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

Fiducial Real Estate's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

ROC % (Q: Mar. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=38.672 * ( 1 - 0% )/( (697.289 + 703.629)/ 2 )
=38.672/700.459
=5.52 %

where

Invested Capital(Q: Sep. 2022 )
=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))
=703.692 - 36.229 - ( 21.819 - max(0, 71.322 - 41.496+21.819))
=697.289

Invested Capital(Q: Mar. 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))
=713.408 - 39.174 - ( 21.506 - max(0, 74.742 - 45.347+21.506))
=703.629

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

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

Fiducial Real Estate's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=36.196/( ( (0.297 + max(-19.311, 0)) + (0.309 + max(-16.231, 0)) )/ 2 )
=36.196/( ( 0.297 + 0.309 )/ 2 )
=36.196/0.303
=11,945.87 %

where Working Capital is:

Working Capital(Q: Sep. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.422 + 5.479 + 5.682) - (36.229 + 0 + 0.66500000000001)
=-19.311

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.989 + 4.852 + 0) - (39.174 + 0 + 0.89800000000001)
=-16.231

When net working capital is negative, 0 is used.

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

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

Fiducial Real Estate's Operating Margin % for the quarter that ended in Mar. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2023 )/Revenue (Q: Mar. 2023 )
=19.336/43.555
=44.39 %

* 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.

Fiducial Real Estate Operating Income Related Terms

Fiducial Real Estate Operating Income Historical Data

* Premium members only.

The historical data trend for Fiducial Real Estate'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.

Fiducial Real Estate Operating Income Chart

Fiducial Real Estate Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.86 34.41 34.98 35.30 37.91

Fiducial Real Estate Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23
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 18.77 16.53 19.81 18.10 19.34
LUX:ORIAL
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Fiducial Real Estate LUX:ORIAL
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Fiducial Real Estate 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €37.44 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of €37.44 Mil mean?
Fiducial Real Estate (LUX:ORIAL) has a Operating Income of €37.44 Mil as of Mar. 2023. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Fiducial Real Estate and its competitors.
Is Fiducial Real Estate's Operating Income too high?
Fiducial Real Estate's current Operating Income is €37.44 Mil. Overall, Fiducial Real Estate has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Fiducial Real Estate's Operating Income compare to CSGP and CBRE?
Fiducial Real Estate's Operating Income of €37.44 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Real Estate company?
A good Operating Income depends on the Real Estate industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Fiducial Real Estate and its competitors. Fiducial Real Estate's current Operating Income is €37.44 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fiducial Real Estate stock overvalued right now?
Fiducial Real Estate (LUX:ORIAL) has a current Operating Income of €37.44 Mil. The current Operating Income is €37.44 Mil. Fiducial Real Estate's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Fiducial Real Estate (LUX:ORIAL), the current Operating Income is €37.44 Mil as of Mar. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Fiducial Real Estate Business Description

Address 41 rue du Capitaine Guynemer, Paris-la-Defense, FRA, 92925
Fiducial Real Estate is a real estate company. Its business operations consist of management and leasing of investment properties and services related to the management of a housing stock. The company's real estate portfolio includes commercial and residential buildings.
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