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Tube Investments of India (NSE:TIINDIA) Operating Income : ₹15,534 Mil (TTM As of Dec. 2024)


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What is Tube Investments of India Operating Income?

Tube Investments of India's Operating Income for the three months ended in Dec. 2024 was ₹3,642 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was ₹15,534 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tube Investments of India's Operating Income for the three months ended in Dec. 2024 was ₹3,642 Mil. Tube Investments of India's Revenue for the three months ended in Dec. 2024 was ₹46,817 Mil. Therefore, Tube Investments of India's Operating Margin % for the quarter that ended in Dec. 2024 was 7.78%.

Good Sign:

Tube Investments of India Ltd operating margin is expanding. Margin expansion is usually a good sign.

Tube Investments of India's 5-Year average Growth Rate for Operating Margin % was 5.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tube Investments of India's annualized ROC % for the quarter that ended in Dec. 2024 was 11.17%. Tube Investments of India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 38.57%.


Tube Investments of India Operating Income Historical Data

The historical data trend for Tube Investments of India'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.

Tube Investments of India Operating Income Chart

Tube Investments of India Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,076.00 4,277.20 11,486.90 15,595.60 15,621.50

Tube Investments of India Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 3,504.90 4,026.90 4,148.90 3,716.00 3,642.10

Tube Investments of India 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹15,534 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.


Tube Investments of India  (NSE:TIINDIA) Operating Income Explanation

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

Tube Investments of India's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=14568.4 * ( 1 - 34.31% )/( (85655.6 + 0)/ 1 )
=9569.98196/85655.6
=11.17 %

where

Invested Capital(Q: Sep. 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))
=149777.5 - 30060.7 - ( 34061.2 - max(0, 49657 - 91455.4+34061.2))
=85655.6

Note: The Operating Income data used here is four times the quarterly (Dec. 2024) data.

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

Tube Investments of India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=17660.8/( ( (33134.4 + max(12656.9, 0)) + (0 + max(0, 0)) )/ 1 )
=17660.8/( ( 45791.3 + 0 )/ 1 )
=17660.8/45791.3
=38.57 %

where Working Capital is:

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(31250.6 + 19922.3 + 6191.8) - (30060.7 + 0 + 14647.1)
=12656.9

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

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

Tube Investments of India's Operating Margin % for the quarter that ended in Dec. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2024 )/Revenue (Q: Dec. 2024 )
=3642.1/46816.5
=7.78 %

* 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.


Tube Investments of India Operating Income Related Terms

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Tube Investments of India Business Description

Traded in Other Exchanges
Address
Thiru-Vi-Ka Industrial Estate, Chola Crest, 4th Floor, C54-55 & Super B-4, Guindy, Chennai, TN, IND, 600032
Tube Investments of India Ltd is a manufacturer of fabricated metal products. The company's operating segments are Mobility, Engineering, Metal Formed Products, and Gear and Gear products, Power systems, Electric vehicle, Industrial segments, and Medical. The Engineering segment consists of cold-rolled steel strips and precision steel tubes. Metal Formed Products segment comprises an automotive and industrial chain, fine-blanked products, stamped products, roll-formed car door frames, and cold rolled formed sections. The Mobility segment comprises bicycles of the standard and special variety and home fitness equipment.

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