MONOF (MonotaRO Co) Operating Income: $320 Mil (TTM As of Dec. 2025)


MONOF MonotaRO Co Ltd MONOF
82 GF Score
Price $10.40
GF Value $22.16
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What is MonotaRO Co Operating Income?

MonotaRO Co MONOF 82 Operating Income is $320 Mil as of Dec. 2025. GuruFocus rates MONOF with a GF Score™ of 82/100 and a GF Value™ of $22.16.

MonotaRO Co's Operating Income for the three months ended in Dec. 2025 was $83 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $320 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. MonotaRO Co's Operating Income for the three months ended in Dec. 2025 was $83 Mil. MonotaRO Co's Revenue for the three months ended in Dec. 2025 was $593 Mil. Therefore, MonotaRO Co's Operating Margin % for the quarter that ended in Dec. 2025 was 13.97%.

Good Sign:

MonotaRO Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

MonotaRO Co's 5-Year average Growth Rate for Operating Margin % was 1.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MonotaRO Co's annualized ROC % for the quarter that ended in Dec. 2025 was 35.43%. MonotaRO Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 69.99%.


MonotaRO Co  (OTCPK:MONOF) Operating Income Explanation

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

MonotaRO Co'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: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=331.412 * ( 1 - 30.59% )/( (677.918 + 620.639)/ 2 )
=230.0330692/649.2785
=35.43 %

where

Invested Capital(Q: Sep. 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))
=1133.746 - 215.734 - ( 240.094 - max(0, 244.341 - 702.732+240.094))
=677.918

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))
=1239.413 - 315.448 - ( 303.326 - max(0, 343.508 - 789.635+303.326))
=620.639

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

MonotaRO Co'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: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=328.384/( ( (323.232 + max(173.898, 0)) + (352.487 + max(88.81, 0)) )/ 2 )
=328.384/( ( 497.13 + 441.297 )/ 2 )
=328.384/469.2135
=69.99 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(235.644 + 154.914 + 20.262) - (215.734 + 0 + 21.188)
=173.898

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(265.427 + 143.899 + 16.668) - (315.448 + 0 + 21.736)
=88.81

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

MonotaRO Co'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 )
=82.853/593.144
=13.97 %

* 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.


MonotaRO Co Operating Income Related Terms


MonotaRO Co Operating Income Historical Data

* Premium members only.

The historical data trend for MonotaRO Co'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.

MonotaRO Co Operating Income Chart

MonotaRO Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 211.97 194.29 217.46 240.99 296.27

MonotaRO Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 72.05 77.13 77.04 82.85 83.00
MONOF
82GF Score
MonotaRO Co Ltd MONOF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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MonotaRO Co 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 quarterly data reported by the company within the most recent 12 months, which was $320 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 $320 Mil mean?
MonotaRO Co (MONOF) has a Operating Income of $320 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on MonotaRO Co and its competitors.
Is MonotaRO Co's Operating Income too high?
MonotaRO Co's current Operating Income is $320 Mil. Overall, MonotaRO Co has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does MonotaRO Co's Operating Income compare to AMZN and BABA?
MonotaRO Co's Operating Income of $320 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Operating Income depends on the Retail - Cyclical 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 MonotaRO Co and its competitors. MonotaRO Co's current Operating Income is $320 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MonotaRO Co stock overvalued right now?
MonotaRO Co (MONOF) has a current Operating Income of $320 Mil. The stock's GF Value™ is $22.16, compared to a current price of $10.40 — trading 53.1% below its estimated fair value. The current Operating Income is $320 Mil. MonotaRO Co's overall GF Score™ is 82/100. 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 MonotaRO Co (MONOF), the current Operating Income is $320 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.

Is MonotaRO Co (MONOF) Overvalued in 2026?

Based on GuruFocus' analysis, MonotaRO Co stock appears to be undervalued. The current stock price of $10.40 is trading 53.1% below its estimated GF Value™ of $22.16.

Key valuation signals for MONOF:

  • Operating Income: $320 Mil
  • GF Value™: $22.16 vs. price of $10.40 (53.1% below fair value)
  • GF Score™: 82/100

No single metric tells the full story. See the MONOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MonotaRO Co Business Description

Address 2-2-3 Umeda, JP Tower Osaka, 22nd Floor, Kita-ku, Osaka-shi, Osaka, JPN, 530-0001
MonotaRO Co is a Japanese e-commerce company selling industrial supply products.
82GF Score

Get the complete analysis for MONOF

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

$10.40
Price
$22.16
GF Value