Appear ASA (OSL:APR) Operating Income: kr127.2 Mil (TTM As of Mar. 2026)


OSL:APR Appear ASA OSL:APR
19 GF Score
Price kr48.80
! 3 Warning Signs
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What is Appear ASA Operating Income?

Appear ASA OSL:APR -33.70% 19 Operating Income is kr127.2 Mil as of Mar. 2026. GuruFocus rates OSL:APR with a GF Score™ of 19/100. The stock has 3 warning signs investors should review.

Appear ASA's Operating Income for the three months ended in Mar. 2026 was kr36.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was kr127.2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Appear ASA's Operating Income for the three months ended in Mar. 2026 was kr36.4 Mil. Appear ASA's Revenue for the three months ended in Mar. 2026 was kr231.7 Mil. Therefore, Appear ASA's Operating Margin % for the quarter that ended in Mar. 2026 was 15.69%.

Appear ASA'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. Appear ASA's annualized ROC % for the quarter that ended in Mar. 2026 was 35.07%. Appear ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 120.27%.

Appear ASA  (OSL:APR) Operating Income Explanation

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

Appear ASA'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 )
=145.428 * ( 1 - 24.45% )/( (271.578 + 355.011)/ 2 )
=109.870854/313.2945
=35.07 %

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))
=857.979 - 101.419 - ( 484.982 - max(0, 195.226 - 699.886+484.982))
=271.578

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))
=932.644 - 102.021 - ( 475.612 - max(0, 238.586 - 750.108+475.612))
=355.011

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

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

Appear ASA'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 )
=145.428/( ( (84.986 + max(19.422, 0)) + (91.832 + max(45.594, 0)) )/ 2 )
=145.428/( ( 104.408 + 137.426 )/ 2 )
=145.428/120.917
=120.27 %

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)
=(108.839 + 46.577 + 50.59) - (101.419 + 0 + 85.165)
=19.422

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(149.216 + 71.396 + 53.884) - (102.021 + 0 + 126.881)
=45.594

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 %:

Appear ASA'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 )
=36.357/231.677
=15.69 %

* 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.

Appear ASA Operating Income Related Terms

Appear ASA Operating Income Historical Data

* Premium members only.

The historical data trend for Appear ASA'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.

Appear ASA Operating Income Chart

Appear ASA Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
0.00 -22.94 33.14 75.54 170.75

Appear ASA Quarterly Data
Dec21 Dec22 Dec23 Jun24 Dec24 Mar25 Jun25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only 5.65 34.74 77.07 13.79 36.36
OSL:APR
19GF Score
Appear ASA OSL:APR
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Appear ASA 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 kr127.2 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 kr127.2 Mil mean?
Appear ASA (OSL:APR) has a Operating Income of kr127.2 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Appear ASA and its competitors.
Is Appear ASA's Operating Income too high?
Appear ASA's current Operating Income is kr127.2 Mil. Overall, Appear ASA has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Appear ASA's Operating Income compare to SNDK and DELL?
Appear ASA's Operating Income of kr127.2 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Operating Income depends on the Hardware 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 Appear ASA and its competitors. Appear ASA's current Operating Income is kr127.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Appear ASA stock overvalued right now?
Appear ASA (OSL:APR) has a current Operating Income of kr127.2 Mil. The current Operating Income is kr127.2 Mil. Appear ASA's overall GF Score™ is 19/100 with 3 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 Appear ASA (OSL:APR), the current Operating Income is kr127.2 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.

Appear ASA Business Description

Other Exchanges 69R:Germany
Address Lilleakerveien 2B, Oslo, NOR, 0283
Appear ASA, along with its subsidiaries, provides high-capacity, sustainable solutions for live-production and broadcast distribution technology to media, entertainment and sports clients. The company provides live video transport solutions that operate over satellite, dedicated fiber, and public internet infrastructure. Its offerings support a range of live event scenarios across media, entertainment, and sports industries, adapting to the varying requirements of these sectors. The company derives revenue from: Sales of media processing and delivery platforms, sales of software and licenses, and Sales of support and consulting services, majority being generated from the sales of media processing and delivery platforms. The Company has three geographic areas for Sales EMEA, APAC, and AM.
19GF Score

Get the complete analysis for OSL:APR

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

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