Lemon Sistemi SpA (MIL:LS) Operating Income: €0.65 Mil (TTM As of Dec. 2025)


MIL:LS Lemon Sistemi SpA MIL:LS
13 GF Score
Price €1.47
! 6 Warning Signs
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What is Lemon Sistemi SpA Operating Income?

Lemon Sistemi SpA MIL:LS -2.00% 13 Operating Income is €0.65 Mil as of Dec. 2025. GuruFocus rates MIL:LS with a GF Score™ of 13/100. The stock has 6 warning signs investors should review.

Lemon Sistemi SpA's Operating Income for the six months ended in Dec. 2025 was €-0.22 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €0.65 Mil.

Warning Sign:

Lemon Sistemi SpA had lost money in 67% of the time over the past 3quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Lemon Sistemi SpA's Operating Income for the six months ended in Dec. 2025 was €-0.22 Mil. Lemon Sistemi SpA's Revenue for the six months ended in Dec. 2025 was €5.19 Mil. Therefore, Lemon Sistemi SpA's Operating Margin % for the quarter that ended in Dec. 2025 was -4.24%.

Lemon Sistemi SpA'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. Lemon Sistemi SpA's annualized ROC % for the quarter that ended in Dec. 2025 was -3.05%. Lemon Sistemi SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -9.17%.

Lemon Sistemi SpA  (MIL:LS) Operating Income Explanation

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

Lemon Sistemi SpA's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-0.44 * ( 1 - 15.12% )/( (11.948 + 12.51)/ 2 )
=-0.373472/12.229
=-3.05 %

where

Invested Capital(Q: Jun. 2025 )
=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))
=16.7 - 4.402 - ( 0.35 - max(0, 6.159 - 12.518+0.35))
=11.948

Invested Capital(Q: Dec. 2025 )
=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))
=17.844 - 4.738 - ( 0.596 - max(0, 6.289 - 13.033+0.596))
=12.51

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Lemon Sistemi SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.71/( ( (1.21 + max(5.791, 0)) + (2.186 + max(6.293, 0)) )/ 2 )
=-0.71/( ( 7.001 + 8.479 )/ 2 )
=-0.71/7.74
=-9.17 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.097 + 8.049 + 0.989) - (4.402 + 0 + 0.942)
=5.791

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.016 + 8.039 + 0.563) - (4.738 + 0 + 0.587)
=6.293

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

Lemon Sistemi SpA's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-0.22/5.191
=-4.24 %

* 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.

Lemon Sistemi SpA Operating Income Related Terms

Lemon Sistemi SpA Operating Income Historical Data

* Premium members only.

The historical data trend for Lemon Sistemi SpA'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.

Lemon Sistemi SpA Operating Income Chart

Lemon Sistemi SpA Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
1.41 4.01 -11.46 -0.22 0.65

Lemon Sistemi SpA Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial -12.13 -0.51 0.29 0.87 -0.22
MIL:LS
13GF Score
Lemon Sistemi SpA MIL:LS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Lemon Sistemi SpA 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. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.65 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 €0.65 Mil mean?
Lemon Sistemi SpA (MIL:LS) has a Operating Income of €0.65 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Lemon Sistemi SpA and its competitors.
Is Lemon Sistemi SpA's Operating Income too high?
Lemon Sistemi SpA's current Operating Income is €0.65 Mil. Overall, Lemon Sistemi SpA has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Lemon Sistemi SpA's Operating Income compare to FSLR and NXT?
Lemon Sistemi SpA's Operating Income of €0.65 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Operating Income depends on the Semiconductors 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 Lemon Sistemi SpA and its competitors. Lemon Sistemi SpA's current Operating Income is €0.65 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lemon Sistemi SpA stock overvalued right now?
Lemon Sistemi SpA (MIL:LS) has a current Operating Income of €0.65 Mil. The current Operating Income is €0.65 Mil. Lemon Sistemi SpA's overall GF Score™ is 13/100 with 6 warning signs to review. 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 Lemon Sistemi SpA (MIL:LS), the current Operating Income is €0.65 Mil as of Dec. 2025. 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.

Lemon Sistemi SpA Business Description

Address Via IV Novembre, Balestrate, ITA, 6090041
Lemon Sistemi SpA is an Italian company that specializes in solar energy systems. It focuses on designing, installing, and maintaining photovoltaic systems for homes and businesses. Its product portfolio includes Sunpower photovoltaic, Solar Thermal, Renewable heating systems, Storage systems, and Electric car charging stations.
13GF Score

Get the complete analysis for MIL:LS

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

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