GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Osel Devices Ltd (NSE:OSELDEVICE) » Definitions » Operating Income

Osel Devices (NSE:OSELDEVICE) Operating Income : ₹219 Mil (TTM As of Mar. 2024)


View and export this data going back to 2024. Start your Free Trial

What is Osel Devices Operating Income?

Osel Devices's Operating Income for the six months ended in Mar. 2024 was ₹219 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was ₹219 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Osel Devices's Operating Income for the six months ended in Mar. 2024 was ₹219 Mil. Osel Devices's Revenue for the six months ended in Mar. 2024 was ₹1,322 Mil. Therefore, Osel Devices's Operating Margin % for the quarter that ended in Mar. 2024 was 16.58%.

Osel Devices'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. Osel Devices's annualized ROC % for the quarter that ended in Mar. 2024 was 34.68%. Osel Devices's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 58.75%.


Osel Devices Operating Income Historical Data

The historical data trend for Osel Devices'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.

Osel Devices Operating Income Chart

Osel Devices Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Operating Income
23.05 39.86 86.42 219.22

Osel Devices Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Operating Income 23.05 39.86 86.42 219.22

Osel Devices 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 Mar. 2024 was ₹219 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.


Osel Devices  (NSE:OSELDEVICE) Operating Income Explanation

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

Osel Devices's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=219.216 * ( 1 - 29.62% )/( (317.985 + 571.868)/ 2 )
=154.2842208/444.9265
=34.68 %

where

Invested Capital(Q: Mar. 2023 )
=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))
=490.209 - 162.009 - ( 10.215 - max(0, 354.79 - 425.023+10.215))
=317.985

Invested Capital(Q: Mar. 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))
=986.42 - 366.811 - ( 47.741 - max(0, 646.387 - 802.593+47.741))
=571.868

Note: The Operating Income data used here is one times the annual (Mar. 2024) data.

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

Osel Devices's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=223.734/( ( (65.186 + max(228.999, 0)) + (183.828 + max(283.644, 0)) )/ 2 )
=223.734/( ( 294.185 + 467.472 )/ 2 )
=223.734/380.8285
=58.75 %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(128.343 + 181.521 + 104.55) - (162.009 + 0 + 23.406)
=228.999

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(265.543 + 254.033 + 235.276) - (366.811 + 0 + 104.397)
=283.644

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Mar. 2024) EBIT data.

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

Osel Devices's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=219.216/1322.335
=16.58 %

* 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.


Osel Devices Operating Income Related Terms

Thank you for viewing the detailed overview of Osel Devices's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Osel Devices Business Description

Traded in Other Exchanges
N/A
Address
Plot No. 3, Sector Knowledge Park- III, Signature Tower First Floor, Sector 34, Gautam Buddha Nagar, Greater Noida, UP, IND, 201308
Website
Osel Devcies Ltd manufactures a comprehensive range of LED display systems and hearing aids. The company manufactures a comprehensive range of LED display systems including all major components for commercial use such as advertising media, billboards, corporate boardrooms, presentations, display promotions, command centers, and front signs. It also manufactures hearing aids, commonly known as health aids, to assist people with disabilities, the elderly, and the chronically ill who have low hearing levels. The company's main customer for hearing aids is the Artificial Limbs Manufacturing Corporation of India. Osel Devcies Generates the majority of revenue from Hearing Aids.

Osel Devices Headlines

No Headlines