Al Hassan Engineering CoOG (MUS:HECI) Operating Income : ر.ع1.72 Mil (TTM As of Dec. 2020)

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What is Al Hassan Engineering CoOG Operating Income?

Al Hassan Engineering CoOG's Operating Income for the six months ended in Dec. 2020 was ر.ع1.72 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2020 was ر.ع1.72 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Al Hassan Engineering CoOG's Operating Income for the six months ended in Dec. 2020 was ر.ع1.72 Mil. Al Hassan Engineering CoOG's Revenue for the six months ended in Dec. 2020 was ر.ع22.04 Mil. Therefore, Al Hassan Engineering CoOG's Operating Margin % for the quarter that ended in Dec. 2020 was 7.78%.

Al Hassan Engineering CoOG'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. Al Hassan Engineering CoOG's annualized ROC % for the quarter that ended in Dec. 2020 was 5.46%. Al Hassan Engineering CoOG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2020 was 330.61%.

Al Hassan Engineering CoOG Operating Income Historical Data

The historical data trend for Al Hassan Engineering CoOG'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.

Al Hassan Engineering CoOG Operating Income Chart

Al Hassan Engineering CoOG Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Operating Income

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-7.74

-2.03

-4.25

3.58

1.72

Al Hassan Engineering CoOG Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20
Operating Income	Get a 7-Day Free Trial										-7.74	-2.03	-4.25	3.58	1.72

Al Hassan Engineering CoOG 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Operating Income for the trailing twelve months (TTM) ended in Dec. 2020 was ر.ع1.72 Mil.

Al Hassan Engineering CoOG (MUS:HECI) Operating Income Explanation

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

Al Hassan Engineering CoOG's annualized ROC % for the quarter that ended in Dec. 2020 is calculated as:

	ROC % (Q: Dec. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2019 )	+	Invested Capital (Q: Dec. 2020 ))	/ count )
=	1.715 * ( 1 - 0% )	/	( (51.36	+	11.473)	/ 2 )
=	1.715	/	31.4165
=	5.46 %

where

	Invested Capital		(Q: Dec. 2019 )
=	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	))
=	33.6	-	17.527	-	( 2.072	-	max(0, 61.57	-	26.283	+	2.072	))
=	51.36

	Invested Capital		(Q: Dec. 2020 )
=	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	))
=	20.484	-	13.717	-	( 4.241	-	max(0, 19.659	-	14.953	+	4.241	))
=	11.473

Note: The Operating Income data used here is one times the annual (Dec. 2020) data.

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

Al Hassan Engineering CoOG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2019		Q: Dec. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	16.248	/	( ( (5.355 + max(-29.976, 0))	+	(4.474 + max(-15.515, 0)) )	/	2 )
=	16.248	/	( ( 5.355	+	4.474 )	/	2 )
=	16.248	/	4.9145
=	330.61 %

where Working Capital is:

	Working Capital		(Q: Dec. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(9.569	+	0.669	+	9.571)	-	(17.527	+	0	+	32.258)
=	-29.976

	Working Capital		(Q: Dec. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.219	+	0.529	+	0.382)	-	(13.717	+	0	+	5.928)
=	-15.515

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2020) EBIT data.

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

Al Hassan Engineering CoOG's Operating Margin % for the quarter that ended in Dec. 2020 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2020 )	/	Revenue (Q: Dec. 2020 )
	=	1.715	/	22.044
	=	7.78 %

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.

Al Hassan Engineering CoOG Operating Income Related Terms

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Al Hassan Engineering CoOG (MUS:HECI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Al Hassan Engineering Co SAOG (MUS:HECI) » Definitions » Operating Income

Traded in Other Exchanges

N/A

Address

Ruwi, P.O Box 1948, Muscat, OMN, 112

Website

http://www.al-hassan.com

Al Hassan Engineering Co SAOG is a contracting company providing electrical, mechanical, instrumentation and civil contracting services to the Oil, Gas and Petrochemicals, Power, Water and Wastewater sectors. The company also provides fabrication that includes design, fabrication, and repair of pressure vessels and boilers and maintenance services across all sectors. It derives its revenues from the contracting services it provides to various sectors.

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