Andfjordlmon Group AS (OSL:ANDF) Operating Income: kr-137.92 Mil (TTM As of Mar. 2026)

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OSL:ANDF Andfjord Salmon Group AS OSL:ANDF
21 GF Score
Price kr28.80
! 7 Warning Signs
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What is Andfjordlmon Group AS Operating Income?

Andfjordlmon Group AS OSL:ANDF 21 Operating Income is kr-137.92 Mil as of Mar. 2026. GuruFocus rates OSL:ANDF with a GF Score™ of 21/100. The stock has 7 warning signs investors should review.

Andfjordlmon Group AS's Operating Income for the three months ended in Mar. 2026 was kr-25.02 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was kr-137.92 Mil.

Warning Sign:

Andfjord Salmon Group AS has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Andfjordlmon Group AS's Operating Income for the three months ended in Mar. 2026 was kr-25.02 Mil. Andfjordlmon Group AS's Revenue for the three months ended in Mar. 2026 was kr0.00 Mil. Therefore, Andfjordlmon Group AS's Operating Margin % for the quarter that ended in Mar. 2026 was %.

Andfjordlmon Group AS'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. Andfjordlmon Group AS's annualized ROC % for the quarter that ended in Mar. 2026 was -2.09%. Andfjordlmon Group AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -2.06%.


Andfjordlmon Group AS  (OSL:ANDF) Operating Income Explanation

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

Andfjordlmon Group AS'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: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-100.064 * ( 1 - 0% )/( (4583.522 + 4996.37)/ 2 )
=-100.064/4789.946
=-2.09 %

where

Invested Capital(Q: Dec. 2025 )
=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))
=4764.596 - 569.027 - ( 80.275 - max(0, 694.319 - 306.366+80.275))
=4583.522

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))
=5163.12 - 971.733 - ( 85.507 - max(0, 1114.345 - 309.362+85.507))
=4996.37

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Andfjordlmon Group AS'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: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-95.136/( ( (4417.535 + max(-457.023, 0)) + (4814.666 + max(-874.553, 0)) )/ 2 )
=-95.136/( ( 4417.535 + 4814.666 )/ 2 )
=-95.136/4616.1005
=-2.06 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.318 + 49.118 + 169.655) - (569.027 + 0 + 109.087)
=-457.023

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 100.431 + 123.424) - (971.733 + 0 + 126.675)
=-874.553

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Andfjordlmon Group AS'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 )
=-25.016/0
= %

* 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.


Andfjordlmon Group AS Operating Income Related Terms


Andfjordlmon Group AS Operating Income Historical Data

* Premium members only.

The historical data trend for Andfjordlmon Group AS'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.

Andfjordlmon Group AS Operating Income Chart

Andfjordlmon Group AS Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only -34.41 -56.11 -79.63 -71.94 -116.45

Andfjordlmon Group AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 -19.07 -28.38 -20.78 -63.75 -25.02
OSL:ANDF
21GF Score
Andfjord Salmon Group AS OSL:ANDF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Andfjordlmon Group AS 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 quarterly data reported by the company within the most recent 12 months, which was kr-137.92 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 kr-137.92 Mil mean?
Andfjordlmon Group AS (OSL:ANDF) has a Operating Income of kr-137.92 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Andfjordlmon Group AS and its competitors.
Is Andfjordlmon Group AS's Operating Income too high?
Andfjordlmon Group AS's current Operating Income is kr-137.92 Mil. Overall, Andfjordlmon Group AS has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Andfjordlmon Group AS's Operating Income compare to ADM and BG?
Andfjordlmon Group AS's Operating Income of kr-137.92 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 Andfjordlmon Group AS and its competitors. Andfjordlmon Group AS's current Operating Income is kr-137.92 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Andfjordlmon Group AS stock overvalued right now?
Andfjordlmon Group AS (OSL:ANDF) has a current Operating Income of kr-137.92 Mil. The current Operating Income is kr-137.92 Mil. Andfjordlmon Group AS's overall GF Score™ is 21/100 with 7 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 Andfjordlmon Group AS (OSL:ANDF), the current Operating Income is kr-137.92 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.

Andfjordlmon Group AS Business Description

Other Exchanges 50R:Germany
Address Kvalnesveien 69, Dverberg, Andoy, NOR, 8485
Andfjord Salmon Group AS is a Norwegian company engaged in salmon farming. The company's farming facility is located on Andoya, the northernmost island in the Arctic Archipelago of Lofoten, Vesteralen. The company's business is to farm salmon for the purpose of selling to third parties when the fish has reached a mature state. The company operated one salmon pool facility. The facility uses a seawater flow-through system that avoids issues with salmon lice and poisonous algae, prevents salmon escapement, and at the same time contributes to reduced feed waste.
21GF Score

Get the complete analysis for OSL:ANDF

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

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