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Del Monte Pacific (PHS:DELM) Operating Income : ₱1,713 Mil (TTM As of Jul. 2024)


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What is Del Monte Pacific Operating Income?

Del Monte Pacific's Operating Income for the three months ended in Jul. 2024 was ₱624 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jul. 2024 was ₱1,713 Mil.

Warning Sign:

Del Monte Pacific Ltd has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Del Monte Pacific's Operating Income for the three months ended in Jul. 2024 was ₱624 Mil. Del Monte Pacific's Revenue for the three months ended in Jul. 2024 was ₱31,487 Mil. Therefore, Del Monte Pacific's Operating Margin % for the quarter that ended in Jul. 2024 was 1.98%.

Good Sign:

Del Monte Pacific Ltd operating margin is expanding. Margin expansion is usually a good sign.

Del Monte Pacific's 5-Year average Growth Rate for Operating Margin % was 1.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Del Monte Pacific's annualized ROC % for the quarter that ended in Jul. 2024 was 1.30%. Del Monte Pacific's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was 2.90%.


Del Monte Pacific Operating Income Historical Data

The historical data trend for Del Monte Pacific'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.

Del Monte Pacific Operating Income Chart

Del Monte Pacific Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,001.75 12,423.74 15,674.96 14,402.86 2,639.10

Del Monte Pacific Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 1,550.55 2,585.21 1,337.55 -2,834.21 624.15

Del Monte Pacific 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 Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱1,713 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.


Del Monte Pacific  (PHS:DELM) Operating Income Explanation

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

Del Monte Pacific's annualized ROC % for the quarter that ended in Jul. 2024 is calculated as:

ROC % (Q: Jul. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Apr. 2024 ) + Invested Capital (Q: Jul. 2024 ))/ count )
=2496.592 * ( 1 - 16.74% )/( (164288.089 + 156346.924)/ 2 )
=2078.6624992/160317.5065
=1.30 %

where

Invested Capital(Q: Apr. 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))
=182552.304 - 17494.629 - ( 769.586 - max(0, 78896.455 - 81220.284+769.586))
=164288.089

Invested Capital(Q: Jul. 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))
=183045.969 - 27598.175 - ( 1517.708 - max(0, 83614.485 - 82715.355+1517.708))
=156346.924

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

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

Del Monte Pacific's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jul. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2024  Q: Jul. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2824.064/( ( (44663.999 + max(54892.867, 0)) + (42827.854 + max(52064.113, 0)) )/ 2 )
=2824.064/( ( 99556.866 + 94891.967 )/ 2 )
=2824.064/97224.4165
=2.90 %

where Working Capital is:

Working Capital(Q: Apr. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11039.739 + 64063.914 + 3593.354) - (17494.629 + 0 + 6309.511)
=54892.867

Working Capital(Q: Jul. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12322.46 + 62267.002 + 6608.185) - (27598.175 + 0 + 1535.359)
=52064.113

When net working capital is negative, 0 is used.

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

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

Del Monte Pacific's Operating Margin % for the quarter that ended in Jul. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Jul. 2024 )/Revenue (Q: Jul. 2024 )
=624.148/31487.447
=1.98 %

* 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.


Del Monte Pacific Operating Income Related Terms

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Del Monte Pacific Business Description

Traded in Other Exchanges
Address
17 Bukit Pasoh Road, Singapore, SGP, 089831
Del Monte Pacific Ltd is engaged in growing, processing, developing, manufacturing, marketing, distributing, and selling packaged fruits and vegetables, and other food products. The company operates through four divisions Packaged fruit and vegetable which includes the sale of processed fruit and vegetable products under the Del Monte and S&W brands; the Beverage segment includes the sale of pineapple juice in the can, tetra, and PET packaging, and pineapple juice concentrate; Culinary segment includes sale of packaged tomato-based products such as ketchup, tomato sauce, pasta sauce, recipe sauce, pizza sauce, pasta and other; and Fresh fruit and others includes sale of S&W branded fresh pineapples in Asia Pacific. The majority of the company's revenue comes from the Americas.

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