NB Aurora Sicaf-Raif (MIL:AUR) Operating Income: €8.61 Mil (TTM As of Dec. 2024)

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MIL:AUR NB Aurora SA Sicaf-Raif MIL:AUR
43 GF Score
Price €13.61
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What is NB Aurora Sicaf-Raif Operating Income?

NB Aurora Sicaf-Raif MIL:AUR 43 Operating Income is €8.61 Mil as of Dec. 2024. GuruFocus rates MIL:AUR with a GF Score™ of 43/100.

NB Aurora Sicaf-Raif's Operating Income for the six months ended in Dec. 2024 was €4.18 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was €8.61 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. NB Aurora Sicaf-Raif's Operating Income for the six months ended in Dec. 2024 was €4.18 Mil. NB Aurora Sicaf-Raif's Revenue for the six months ended in Dec. 2024 was €8.04 Mil. Therefore, NB Aurora Sicaf-Raif's Operating Margin % for the quarter that ended in Dec. 2024 was 51.95%.

NB Aurora Sicaf-Raif'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. NB Aurora Sicaf-Raif's annualized ROC % for the quarter that ended in Dec. 2024 was 4.35%. NB Aurora Sicaf-Raif's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was %.

NB Aurora Sicaf-Raif  (MIL:AUR) Operating Income Explanation

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

NB Aurora Sicaf-Raif's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=8.35 * ( 1 - 0% )/( (195.273 + 188.942)/ 2 )
=8.35/192.1075
=4.35 %

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))
=331.273 - 0.853 - ( 135.147 - max(0, 0.853 - 138.8+135.147))
=195.273

Invested Capital(Q: Dec. 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))
=340.46 - 1.025 - ( 151.284 - max(0, 1.025 - 151.518+151.284))
=188.942

Note: The Operating Income data used here is two times the semi-annual (Dec. 2024) data.

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

NB Aurora Sicaf-Raif's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=8.35/( ( (0 + max(-0.80299999999999, 0)) + (0 + max(-0.829, 0)) )/ 2 )
=8.35/( ( 0 + 0 )/ 2 )
=8.35/0
= %

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)
=(0 + 0 + 0.050000000000011) - (0.853 + 0 + 0)
=-0.80299999999999

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.196) - (1.025 + 0 + 0)
=-0.829

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

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

NB Aurora Sicaf-Raif's Operating Margin % for the quarter that ended in Dec. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2024 )/Revenue (Q: Dec. 2024 )
=4.175/8.037
=51.95 %

* 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.

NB Aurora Sicaf-Raif Operating Income Related Terms

NB Aurora Sicaf-Raif Operating Income Historical Data

* Premium members only.

The historical data trend for NB Aurora Sicaf-Raif'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.

NB Aurora Sicaf-Raif Operating Income Chart

NB Aurora Sicaf-Raif Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial 1.42 34.74 22.12 46.94 8.61

NB Aurora Sicaf-Raif Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 15.83 9.81 37.13 4.44 4.18
MIL:AUR
43GF Score
NB Aurora SA Sicaf-Raif MIL:AUR
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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NB Aurora Sicaf-Raif 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 Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €8.61 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 €8.61 Mil mean?
NB Aurora Sicaf-Raif (MIL:AUR) has a Operating Income of €8.61 Mil as of Dec. 2024. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on NB Aurora Sicaf-Raif and its competitors.
Is NB Aurora Sicaf-Raif's Operating Income too high?
NB Aurora Sicaf-Raif's current Operating Income is €8.61 Mil. Overall, NB Aurora Sicaf-Raif has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does NB Aurora Sicaf-Raif's Operating Income compare to BLK and KKR?
NB Aurora Sicaf-Raif's Operating Income of €8.61 Mil can be compared against companies in the Asset Management 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 Asset Management company?
A good Operating Income depends on the Asset Management 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 NB Aurora Sicaf-Raif and its competitors. NB Aurora Sicaf-Raif's current Operating Income is €8.61 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NB Aurora Sicaf-Raif stock overvalued right now?
NB Aurora Sicaf-Raif (MIL:AUR) has a current Operating Income of €8.61 Mil. The current Operating Income is €8.61 Mil. NB Aurora Sicaf-Raif's overall GF Score™ is 43/100. 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 NB Aurora Sicaf-Raif (MIL:AUR), the current Operating Income is €8.61 Mil as of Dec. 2024. 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.

NB Aurora Sicaf-Raif Business Description

Address 80, route d'Esch, Grand Duchy of Luxembourg, Luxembourg, LUX, L-1470
NB Aurora SA Sicaf-Raif is a long-term Luxembourg investment company. Its investment objective is to achieve long-term capital appreciation through minority equity investments in a portfolio of small and medium-sized and unlisted Italian companies. The company conducts its operations under a single business segment.
43GF Score

Get the complete analysis for MIL:AUR

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

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