Ocean Sun AS (OSL:OSUN) Operating Income: kr-22.46 Mil (TTM As of Mar. 2026)


OSL:OSUN Ocean Sun AS OSL:OSUN
58 GF Score
Price kr0.55
GF Value kr1.21
Valuation Possible Value Trap
! 5 Warning Signs
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What is Ocean Sun AS Operating Income?

Ocean Sun AS OSL:OSUN +4.51% 58 Operating Income is kr-22.46 Mil as of Mar. 2026. GuruFocus rates OSL:OSUN with a GF Score™ of 58/100 and a GF Value™ of kr1.21 (Possible Value Trap). The stock has 5 warning signs investors should review.

Ocean Sun AS's Operating Income for the three months ended in Mar. 2026 was kr-6.51 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was kr-22.46 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ocean Sun AS's Operating Income for the three months ended in Mar. 2026 was kr-6.51 Mil. Ocean Sun AS's Revenue for the three months ended in Mar. 2026 was kr0.04 Mil. Therefore, Ocean Sun AS's Operating Margin % for the quarter that ended in Mar. 2026 was -15,492.86%.

Good Sign:

Ocean Sun AS operating margin is expanding. Margin expansion is usually a good sign.

Ocean Sun AS's 5-Year average Growth Rate for Operating Margin % was 24.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ocean Sun AS's annualized ROC % for the quarter that ended in Mar. 2026 was -444.73%. Ocean Sun AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -22,480.35%.

Ocean Sun AS  (OSL:OSUN) Operating Income Explanation

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

Ocean Sun 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 )
=-26.028 * ( 1 - 0% )/( (7.536 + 4.169)/ 2 )
=-26.028/5.8525
=-444.73 %

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))
=24.826 - 2.335 - ( 14.955 - max(0, 7.651 - 24.256+14.955))
=7.536

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))
=16.94 - 6.083 - ( 6.688 - max(0, 6.083 - 16.381+6.688))
=4.169

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

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

Ocean Sun 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 )
=-25.74/( ( (0.119 + max(-4.107, 0)) + (0.11 + max(-4.019, 0)) )/ 2 )
=-25.74/( ( 0.119 + 0.11 )/ 2 )
=-25.74/0.1145
=-22,480.35 %

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)
=(1.435 + 1.249 + 0.86) - (2.335 + 0 + 5.316)
=-4.107

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.464 + 0.6 + 0) - (6.083 + 0 + 0)
=-4.019

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 %:

Ocean Sun 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 )
=-6.507/0.042
=-15,492.86 %

* 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.

Ocean Sun AS Operating Income Related Terms

Ocean Sun AS Operating Income Historical Data

* Premium members only.

The historical data trend for Ocean Sun 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.

Ocean Sun AS Operating Income Chart

Ocean Sun AS Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only -18.80 -19.39 -21.77 -18.91 -21.20

Ocean Sun 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 -5.53 -5.27 -6.57 -4.12 -6.51
OSL:OSUN
58GF Score
Ocean Sun AS OSL:OSUN
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Ocean Sun 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-22.46 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-22.46 Mil mean?
Ocean Sun AS (OSL:OSUN) has a Operating Income of kr-22.46 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Ocean Sun AS and its competitors.
Is Ocean Sun AS's Operating Income too high?
Ocean Sun AS's current Operating Income is kr-22.46 Mil. Overall, Ocean Sun AS has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ocean Sun AS's Operating Income compare to competitors?
Ocean Sun AS's Operating Income of kr-22.46 Mil can be compared against companies in the Utilities - Independent Power Producers 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 an Utilities - Independent Power Producers company?
A good Operating Income depends on the Utilities - Independent Power Producers 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 Ocean Sun AS and its competitors. Ocean Sun AS's current Operating Income is kr-22.46 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ocean Sun AS stock overvalued right now?
Based on GuruFocus' analysis, Ocean Sun AS (OSL:OSUN) is currently considered Possible Value Trap. The stock's GF Value™ is kr1.21, compared to a current price of kr0.55 — trading 54.5% below its estimated fair value. The current Operating Income is kr-22.46 Mil. Ocean Sun AS's overall GF Score™ is 58/100 with 5 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 Ocean Sun AS (OSL:OSUN), the current Operating Income is kr-22.46 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 Ocean Sun AS (OSL:OSUN) Overvalued in 2026?

Based on GuruFocus' analysis, Ocean Sun AS stock appears to be undervalued. The current stock price of kr0.55 is trading 54.5% below its estimated GF Value™ of kr1.21. GuruFocus considers Ocean Sun AS to be Possible Value Trap.

Key valuation signals for OSL:OSUN:

  • Operating Income: kr-22.46 Mil
  • GF Value™: kr1.21 vs. price of kr0.55 (54.5% below fair value)
  • GF Score™: 58/100 with 5 warning signs

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

Ocean Sun AS Business Description

Other Exchanges OW7:Germany
Address Vollsveien 4, Lysaker, NOR, 1366
Ocean Sun AS manufactures and distributes floating solar power production systems. The company operates as a technology provider, offering license agreements to developers and independent power producers across the world. Its Ocean Sun systems (OS-75 and OS-50) consist of one or multiple floaters anchored side-by-side to build larger power plants. The company's technology is used in various floating solar power production projects, including Alida, Siera Brava, Haiyang (offshore), and Soneva Secret, among others. Geographically, it generates maximum revenue from Europe and Middle East, followed by North East Asia (including China), South East Asia, and the Americas.
58GF Score

Get the complete analysis for OSL:OSUN

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

kr0.55
Price
kr1.21
GF Value