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Territorial Generating Co No 1 PJSC (MIC:TGKA) Operating Income : ₽392 Mil (TTM As of Sep. 2023)


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What is Territorial Generating Co No 1 PJSC Operating Income?

Territorial Generating Co No 1 PJSC's Operating Income for the three months ended in Sep. 2023 was ₽-441 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was ₽392 Mil.

Warning Sign:

Territorial Generating Co No 1 PJSC has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Territorial Generating Co No 1 PJSC's Operating Income for the three months ended in Sep. 2023 was ₽-441 Mil. Territorial Generating Co No 1 PJSC's Revenue for the three months ended in Sep. 2023 was ₽17,435 Mil. Therefore, Territorial Generating Co No 1 PJSC's Operating Margin % for the quarter that ended in Sep. 2023 was -2.53%.

Warning Sign:

Territorial Generating Co No 1 PJSC operating margin has been in a 5-year decline. The average rate of decline per year is -5.9%.

Territorial Generating Co No 1 PJSC's 5-Year average Growth Rate for Operating Margin % was -5.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Territorial Generating Co No 1 PJSC's annualized ROC % for the quarter that ended in Sep. 2023 was -0.79%. Territorial Generating Co No 1 PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -0.72%.


Territorial Generating Co No 1 PJSC Operating Income Historical Data

The historical data trend for Territorial Generating Co No 1 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.

* Premium members only.

Territorial Generating Co No 1 PJSC Operating Income Chart

Territorial Generating Co No 1 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 14,285.26 15,206.93 17,227.00 13,264.00 11,406.00

Territorial Generating Co No 1 PJSC Quarterly Data
Sep16 Dec16 Mar17 Jun17 Dec17 Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Jun23 Sep23
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 7,623.00 1,394.00 -1,779.00 833.00 -441.00

Territorial Generating Co No 1 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₽392 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.


Territorial Generating Co No 1 PJSC  (MIC:TGKA) Operating Income Explanation

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

Territorial Generating Co No 1 PJSC's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=-1764 * ( 1 - 14.73% )/( (191168 + 191677)/ 2 )
=-1504.1628/191422.5
=-0.79 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

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

Territorial Generating Co No 1 PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1244/( ( (167477 + max(2809, 0)) + (169831 + max(4089, 0)) )/ 2 )
=-1244/( ( 170286 + 173920 )/ 2 )
=-1244/172103
=-0.72 %

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)
=(9077 + 6015 + 1216) - (10490 + 0 + 3009)
=2809

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8783 + 6092 + 3135) - (10548 + 0 + 3373)
=4089

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

Territorial Generating Co No 1 PJSC's Operating Margin % for the quarter that ended in Sep. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2023 )/Revenue (Q: Sep. 2023 )
=-441/17435
=-2.53 %

* 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.


Territorial Generating Co No 1 PJSC Operating Income Related Terms

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Territorial Generating Co No 1 PJSC (MIC:TGKA) Business Description

Traded in Other Exchanges
N/A
Address
16 Dobrolyubova Prospect, 2A Building, Litera A, Arena Hall Business Centre, Saint Petersburg, RUS, 197198
Territorial Generating Co No 1 PJSC is involved in the production of electricity and heat in the North-West region of Russia. It operates approximately 52 electric generating stations in four regions of Russia: St. Petersburg, Republic of Karelia, Leningrad Oblast, and Murmansk Oblast. The company's operating segment includes TPP of Nevsky branch, HPS of Nevsky branch. Heating Grid, Kolsky branch, Karelsky branch and Murmanskaya TPP. It generates maximum revenue from the TPP of Nevsky branch.

Territorial Generating Co No 1 PJSC (MIC:TGKA) Headlines

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