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Rajgor Castor Derivatives (NSE:RCDL) Operating Income : ₹184 Mil (TTM As of Mar. 2024)


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What is Rajgor Castor Derivatives Operating Income?

Rajgor Castor Derivatives's Operating Income for the six months ended in Mar. 2024 was ₹184 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was ₹184 Mil.

Warning Sign:

Rajgor Castor Derivatives Ltd has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Rajgor Castor Derivatives's Operating Income for the six months ended in Mar. 2024 was ₹184 Mil. Rajgor Castor Derivatives's Revenue for the six months ended in Mar. 2024 was ₹5,642 Mil. Therefore, Rajgor Castor Derivatives's Operating Margin % for the quarter that ended in Mar. 2024 was 3.27%.

Rajgor Castor Derivatives'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. Rajgor Castor Derivatives's annualized ROC % for the quarter that ended in Mar. 2024 was 12.30%. Rajgor Castor Derivatives's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 19.88%.


Rajgor Castor Derivatives Operating Income Historical Data

The historical data trend for Rajgor Castor Derivatives'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.

Rajgor Castor Derivatives Operating Income Chart

Rajgor Castor Derivatives Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Operating Income
-21.15 -26.87 -0.47 100.85 184.26

Rajgor Castor Derivatives Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Mar24
Operating Income -21.15 -26.87 -0.47 100.85 184.26

Rajgor Castor Derivatives 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 ₹184 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.


Rajgor Castor Derivatives  (NSE:RCDL) Operating Income Explanation

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

Rajgor Castor Derivatives'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 )
=184.264 * ( 1 - 28.27% )/( (718.889 + 1429.624)/ 2 )
=132.1725672/1074.2565
=12.30 %

where

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))
=1878.171 - 440.291 - ( 8.256 - max(0, 1096.002 - 1644.547+8.256))
=1429.624

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

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

Rajgor Castor Derivatives'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 )
=188.388/( ( (202.054 + max(486.439, 0)) + (215.328 + max(991.714, 0)) )/ 2 )
=188.388/( ( 688.493 + 1207.042 )/ 2 )
=188.388/947.7675
=19.88 %

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)
=(143.173 + 192.933 + 230.486) - (55.748 + 0 + 24.405)
=486.439

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(991.684 + 243.854 + 400.297) - (440.291 + 0 + 203.83)
=991.714

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 %:

Rajgor Castor Derivatives'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 )
=184.264/5642.156
=3.27 %

* 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.


Rajgor Castor Derivatives Operating Income Related Terms

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Rajgor Castor Derivatives Business Description

Traded in Other Exchanges
N/A
Address
Science City Road, 1118, Fortune Business Hub, Near Satyamev Elysium, Sola, Ahmedabad, GJ, IND, 380060
Rajgor Castor Derivatives Ltd manufactures Refined Castor Oil First Stage Grade (F.S.G.), Castor De-Oiled Cake, and High Protein Castor De-Oiled Cake for the domestic market. It is currently operating on a B2B business Model and offers its customers Castor Oil and its derivatives. It focuses on operations relating to quality control, inventory management, and business development.

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