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Rulka Electricals (NSE:RULKA) Operating Income : ₹44.8 Mil (TTM As of Sep. 2023)


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What is Rulka Electricals Operating Income?

Rulka Electricals's Operating Income for the six months ended in Sep. 2023 was ₹44.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was ₹44.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Rulka Electricals's Operating Income for the six months ended in Sep. 2023 was ₹44.8 Mil. Rulka Electricals's Revenue for the six months ended in Sep. 2023 was ₹364.3 Mil. Therefore, Rulka Electricals's Operating Margin % for the quarter that ended in Sep. 2023 was 12.29%.

Rulka Electricals'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. Rulka Electricals's annualized ROC % for the quarter that ended in Sep. 2023 was 43.01%. Rulka Electricals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 110.79%.


Rulka Electricals Operating Income Historical Data

The historical data trend for Rulka Electricals'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.

Rulka Electricals Operating Income Chart

Rulka Electricals Annual Data
Trend Mar21 Mar22 Mar23
Operating Income
10.47 22.69 39.39

Rulka Electricals Semi-Annual Data
Mar21 Mar22 Mar23 Sep23
Operating Income - - - 44.77

Rulka Electricals 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹44.8 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.


Rulka Electricals  (NSE:RULKA) Operating Income Explanation

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

Rulka Electricals's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=89.548 * ( 1 - 24.55% )/( (126.973 + 187.24)/ 2 )
=67.563966/157.1065
=43.01 %

where

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

Rulka Electricals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=85.744/( ( (26.566 + max(75.152, 0)) + (26.175 + max(26.891, 0)) )/ 2 )
=85.744/( ( 101.718 + 53.066 )/ 2 )
=85.744/77.392
=110.79 %

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)
=(129.556 + 103.139 + 13.369) - (154.747 + 0 + 16.165)
=75.152

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(105.784 + 58.048 + 24.58) - (139.916 + 0 + 21.605)
=26.891

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

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

Rulka Electricals's Operating Margin % for the quarter that ended in Sep. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2023 )/Revenue (Q: Sep. 2023 )
=44.774/364.258
=12.29 %

* 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.


Rulka Electricals Operating Income Related Terms

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Rulka Electricals Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Lake Road, Unit-B-109, 1st Floor, Shiva Estate, Bhandup (West), Mumbai, MH, IND, 400078
Rulka Electricals Ltd is engaged in offering solution for all types of Electrical & Fire Fighting Turnkey Projects. It offers range of services like Electrical Solutions, Electrical Panels, Solar EPC Contracts, Turn Key Electrical Warehousing Projects, Electric Commercial Industrial Services, Maintenance Services, Electrical Contracting and Data & Voice Cabling Installation across the Industrial Sector, Commercial, Retail and Theatre sector also offer electrical contracting services for all types of industrial plants.

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