OCGPF (Oceana Group) Operating Income: $72.8 Mil (TTM As of Mar. 2026)


OCGPF Oceana Group Ltd OCGPF
85 GF Score
Price $3.00
GF Value $2.87
! 10 Warning Signs
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What is Oceana Group Operating Income?

Oceana Group OCGPF 85 Operating Income is $72.8 Mil as of Mar. 2026. GuruFocus rates OCGPF with a GF Score™ of 85/100 and a GF Value™ of $2.87. The stock has 10 warning signs investors should review.

Oceana Group's Operating Income for the six months ended in Mar. 2026 was $41.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $72.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Oceana Group's Operating Income for the six months ended in Mar. 2026 was $41.2 Mil. Oceana Group's Revenue for the six months ended in Mar. 2026 was $291.2 Mil. Therefore, Oceana Group's Operating Margin % for the quarter that ended in Mar. 2026 was 14.15%.

Warning Sign:

Oceana Group Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -3.8%.

Oceana Group's 5-Year average Growth Rate for Operating Margin % was -3.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Oceana Group's annualized ROC % for the quarter that ended in Mar. 2026 was 9.49%. Oceana Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 29.93%.


Oceana Group  (OTCPK:OCGPF) Operating Income Explanation

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

Oceana Group's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=82.392 * ( 1 - 25.44% )/( (676.32 + 618.589)/ 2 )
=61.4314752/647.4545
=9.49 %

where

Invested Capital(Q: Mar. 2026 )
=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))
=717.518 - 71.525 - ( 27.404 - max(0, 111.526 - 216.426+27.404))
=618.589

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

Oceana Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=81.196/( ( (139.74 + max(144.331, 0)) + (142.692 + max(115.826, 0)) )/ 2 )
=81.196/( ( 284.071 + 258.518 )/ 2 )
=81.196/271.2945
=29.93 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(63.586 + 161.777 + 19.512) - (67.029 + 0 + 33.515)
=144.331

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(77.615 + 100.123 + 11.284) - (71.525 + 0 + 1.671)
=115.826

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

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

Oceana Group's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=41.196/291.175
=14.15 %

* 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.


Oceana Group Operating Income Related Terms


Oceana Group Operating Income Historical Data

* Premium members only.

The historical data trend for Oceana Group'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.

Oceana Group Operating Income Chart

Oceana Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 76.18 70.97 74.35 91.22 72.65

Oceana Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 54.65 32.68 39.20 31.56 41.20
OCGPF
85GF Score
Oceana Group Ltd OCGPF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Oceana Group 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. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was $72.8 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $72.8 Mil mean?
Oceana Group (OCGPF) has a Operating Income of $72.8 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Oceana Group and its competitors.
Is Oceana Group's Operating Income too high?
Oceana Group's current Operating Income is $72.8 Mil. Overall, Oceana Group has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Oceana Group's Operating Income compare to KHC and GIS?
Oceana Group's Operating Income of $72.8 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods 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 Oceana Group and its competitors. Oceana Group's current Operating Income is $72.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oceana Group stock overvalued right now?
Oceana Group (OCGPF) has a current Operating Income of $72.8 Mil. The stock's GF Value™ is $2.87, compared to a current price of $3.00 — trading 4.5% above its estimated fair value. The current Operating Income is $72.8 Mil. Oceana Group's overall GF Score™ is 85/100 with 10 warning signs to review. 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 Oceana Group (OCGPF), the current Operating Income is $72.8 Mil as of Mar. 2026. 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.

Is Oceana Group (OCGPF) Overvalued in 2026?

Based on GuruFocus' analysis, Oceana Group stock appears to be overvalued. The current stock price of $3.00 is trading 4.5% above its estimated GF Value™ of $2.87.

Key valuation signals for OCGPF:

  • Operating Income: $72.8 Mil
  • GF Value™: $2.87 vs. price of $3.00 (4.5% above fair value)
  • GF Score™: 85/100 with 10 warning signs

No single metric tells the full story. See the OCGPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Oceana Group Business Description

Other Exchanges OCE:South AfricaOCG:Namibia
Address 25 Jan Smuts Street, 9th Floor, Oceana House, Foreshore, Cape Town, WC, ZAF, 8001
Oceana Group Ltd is a diversified, international fish and food company engaged in the responsible catching, procuring, processing, marketing and distribution of fish and food products. Its products and services include canned fish (notably pilchards), other canned foods such as tuna, sardines and canned meats, fishmeal and fish oil for the aquaculture, animal feed and pet food industries, as well as wild-caught seafood including horse mackerel, hake, squid and lobster. The Group operates through three main segments: Lucky Star Foods, Fishmeal and Fish Oil, and Wild Caught Seafood, with the majority of its revenue generated from the Lucky Star Foods segment. Geographically, the Group operates in South Africa, Namibia, other parts of Africa, Europe, the Americas and the Far East.
85GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.00
Price
$2.87
GF Value