Future Enterprises (NSE:FELDVR) Operating Income: ₹-8,288 Mil (TTM As of Mar. 2022)

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NSE:FELDVR Future Enterprises Ltd NSE:FELDVR
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What is Future Enterprises Operating Income?

Future Enterprises NSE:FELDVR +3.72% 4 Operating Income is ₹-8,288 Mil as of Mar. 2022. GuruFocus rates NSE:FELDVR with a GF Score™ of 4/100.

Future Enterprises's Operating Income for the three months ended in Mar. 2022 was ₹-4,643 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2022 was ₹-8,288 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Future Enterprises's Operating Income for the three months ended in Mar. 2022 was ₹-4,643 Mil. Future Enterprises's Revenue for the three months ended in Mar. 2022 was ₹4,738 Mil. Therefore, Future Enterprises's Operating Margin % for the quarter that ended in Mar. 2022 was -97.98%.

Future Enterprises'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. Future Enterprises's annualized ROC % for the quarter that ended in Mar. 2022 was -14.65%. Future Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was -167.75%.

Future Enterprises  (NSE:FELDVR) Operating Income Explanation

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

Future Enterprises's annualized ROC % for the quarter that ended in Mar. 2022 is calculated as:

ROC % (Q: Mar. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2021 ) + Invested Capital (Q: Mar. 2022 ))/ count )
=-18570.4 * ( 1 - 0% )/( (0 + 126786.9)/ 1 )
=-18570.4/126786.9
=-14.65 %

where

Invested Capital(Q: Dec. 2021 )
=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))
=0 - 0 - ( 0 - max(0, 0 - 0+0))
=0

Invested Capital(Q: Mar. 2022 )
=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))
=84377.4 - 10032.6 - ( 931.2 - max(0, 82761.9 - 30319.8+931.2))
=126786.9

Note: The Operating Income data used here is four times the quarterly (Mar. 2022) data.

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

Future Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2021  Q: Mar. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-84117.6/( ( (0 + max(0, 0)) + (32067.3 + max(18078.8, 0)) )/ 1 )
=-84117.6/( ( 0 + 50146.1 )/ 1 )
=-84117.6/50146.1
=-167.75 %

where Working Capital is:

Working Capital(Q: Dec. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(16138.6 + 3764.2 + 9485.8) - (10032.6 + 0 + 1277.2)
=18078.8

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2022) EBIT data.

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

Future Enterprises's Operating Margin % for the quarter that ended in Mar. 2022 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2022 )/Revenue (Q: Mar. 2022 )
=-4642.6/4738.4
=-97.98 %

* 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.

Future Enterprises Operating Income Related Terms

Future Enterprises Operating Income Historical Data

* Premium members only.

The historical data trend for Future Enterprises'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.

Future Enterprises Operating Income Chart

Future Enterprises Annual Data
Trend Jun11 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,801.90 6,613.60 3,384.40 -6,133.80 -8,288.10

Future Enterprises Quarterly Data
Mar15 Mar16 Mar17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 -769.70 -1,302.50 -1,257.00 -1,086.10 -4,642.60
NSE:FELDVR
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Future Enterprises Ltd NSE:FELDVR
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Future Enterprises 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 Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-8,288 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 ₹-8,288 Mil mean?
Future Enterprises (NSE:FELDVR) has a Operating Income of ₹-8,288 Mil as of Mar. 2022. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Future Enterprises and its competitors.
Is Future Enterprises' Operating Income too high?
Future Enterprises' current Operating Income is ₹-8,288 Mil. Overall, Future Enterprises has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Future Enterprises' Operating Income compare to DDS and M?
Future Enterprises' Operating Income of ₹-8,288 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 Future Enterprises and its competitors. Future Enterprises's current Operating Income is ₹-8,288 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Future Enterprises stock overvalued right now?
Future Enterprises (NSE:FELDVR) has a current Operating Income of ₹-8,288 Mil. The current Operating Income is ₹-8,288 Mil. Future Enterprises' overall GF Score™ is 4/100. 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 Future Enterprises (NSE:FELDVR), the current Operating Income is ₹-8,288 Mil as of Mar. 2022. 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.

Future Enterprises Business Description

Address Embassy 247, LBS Marg, 9th Floor, Tower C, Vikhroli (West), Mumbai, MH, IND, 400083
Future Enterprises Ltd is a company that develops, owns, and leases the retail infrastructure. It also invests in insurance, textile manufacturing, supply chain, and logistics. The company's operating segment includes Manufacturing & Trading and Leasing & Other. It generates maximum revenue from the Manufacturing and Trading segment.
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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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