Kovrov Mechanical Plant PJSC (MIC:KMEZ) Operating Income: ₽-477 Mil (TTM As of Jun. 2023)

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MIC:KMEZ Kovrov Mechanical Plant PJSC MIC:KMEZ
17 GF Score
Price ₽838.00
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What is Kovrov Mechanical Plant PJSC Operating Income?

Kovrov Mechanical Plant PJSC MIC:KMEZ +1.45% 17 Operating Income is ₽-477 Mil as of Jun. 2023. GuruFocus rates MIC:KMEZ with a GF Score™ of 17/100.

Kovrov Mechanical Plant PJSC's Operating Income for the six months ended in Jun. 2023 was ₽-477 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2023 was ₽-477 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Kovrov Mechanical Plant PJSC's Operating Income for the six months ended in Jun. 2023 was ₽-477 Mil. Kovrov Mechanical Plant PJSC's Revenue for the six months ended in Jun. 2023 was ₽1,026 Mil. Therefore, Kovrov Mechanical Plant PJSC's Operating Margin % for the quarter that ended in Jun. 2023 was -46.55%.

Kovrov Mechanical Plant PJSC'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. Kovrov Mechanical Plant PJSC's annualized ROC % for the quarter that ended in Jun. 2023 was -22.09%. Kovrov Mechanical Plant PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 61.60%.


Kovrov Mechanical Plant PJSC  (MIC:KMEZ) Operating Income Explanation

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

Kovrov Mechanical Plant PJSC's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

ROC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2022 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=-954.716 * ( 1 - 0% )/( (5350.605 + 3294.367)/ 2 )
=-954.716/4322.486
=-22.09 %

where

Invested Capital(Q: Jun. 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))
=6907.4 - 262.792 - ( 1294.003 - max(0, 2975.554 - 4529.848+1294.003))
=5350.605

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))
=4968.957 - 309.185 - ( 1365.405 - max(0, 559.356 - 2498.143+1365.405))
=3294.367

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

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

Kovrov Mechanical Plant PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2022  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2101.002/( ( (2245.22 + max(2114.136, 0)) + (2310.584 + max(151.921, 0)) )/ 2 )
=2101.002/( ( 4359.356 + 2462.505 )/ 2 )
=2101.002/3410.9305
=61.60 %

where Working Capital is:

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(624.794 + 1164.125 + 980.952) - (262.792 + 0 + 392.943)
=2114.136

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(279.064 + 262.956 + 168.993) - (309.185 + 0 + 249.907)
=151.921

When net working capital is negative, 0 is used.

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

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

Kovrov Mechanical Plant PJSC's Operating Margin % for the quarter that ended in Jun. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2023 )/Revenue (Q: Jun. 2023 )
=-477.358/1025.543
=-46.55 %

* 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.


Kovrov Mechanical Plant PJSC Operating Income Related Terms


Kovrov Mechanical Plant PJSC Operating Income Historical Data

* Premium members only.

The historical data trend for Kovrov Mechanical Plant PJSC'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.

Kovrov Mechanical Plant PJSC Operating Income Chart

Kovrov Mechanical Plant PJSC Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -311.18 -21.97 -249.31 -106.85 -461.41

Kovrov Mechanical Plant PJSC Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Jun23
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 15.97 -130.33 -331.08 -438.66 -477.36
MIC:KMEZ
17GF Score
Kovrov Mechanical Plant PJSC MIC:KMEZ
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Kovrov Mechanical Plant PJSC 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₽-477 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 ₽-477 Mil mean?
Kovrov Mechanical Plant PJSC (MIC:KMEZ) has a Operating Income of ₽-477 Mil as of Jun. 2023. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Kovrov Mechanical Plant PJSC and its competitors.
Is Kovrov Mechanical Plant PJSC's Operating Income too high?
Kovrov Mechanical Plant PJSC's current Operating Income is ₽-477 Mil. Overall, Kovrov Mechanical Plant PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Kovrov Mechanical Plant PJSC's Operating Income compare to RTX and LMT?
Kovrov Mechanical Plant PJSC's Operating Income of ₽-477 Mil can be compared against companies in the Aerospace & Defense 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 an Aerospace & Defense company?
A good Operating Income depends on the Aerospace & Defense 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 Kovrov Mechanical Plant PJSC and its competitors. Kovrov Mechanical Plant PJSC's current Operating Income is ₽-477 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kovrov Mechanical Plant PJSC stock overvalued right now?
Kovrov Mechanical Plant PJSC (MIC:KMEZ) has a current Operating Income of ₽-477 Mil. The current Operating Income is ₽-477 Mil. Kovrov Mechanical Plant PJSC's overall GF Score™ is 17/100. 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 Kovrov Mechanical Plant PJSC (MIC:KMEZ), the current Operating Income is ₽-477 Mil as of Jun. 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.

Kovrov Mechanical Plant PJSC Business Description

Address Socialist Street 26, Vladimir Region, Kovrov, RUS
Kovrov Mechanical Plant PJSC is a manufacturer of machinery and equipment for the nuclear power industry. Its product includes Gas centrifuges; Non-nuclear products and others.
17GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₽838.00
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