Phoenix Petroleum Philippines (PHS:PNX) Operating Income : ₱-2,276 Mil (TTM As of Sep. 2023)

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What is Phoenix Petroleum Philippines Operating Income?

Phoenix Petroleum Philippines's Operating Income for the three months ended in Sep. 2023 was ₱-493 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was ₱-2,276 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Phoenix Petroleum Philippines's Operating Income for the three months ended in Sep. 2023 was ₱-493 Mil. Phoenix Petroleum Philippines's Revenue for the three months ended in Sep. 2023 was ₱15,245 Mil. Therefore, Phoenix Petroleum Philippines's Operating Margin % for the quarter that ended in Sep. 2023 was -3.23%.

Phoenix Petroleum Philippines'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. Phoenix Petroleum Philippines's annualized ROC % for the quarter that ended in Sep. 2023 was -2.65%. Phoenix Petroleum Philippines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -4.75%.

Phoenix Petroleum Philippines Operating Income Historical Data

The historical data trend for Phoenix Petroleum Philippines'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.

Phoenix Petroleum Philippines Operating Income Chart

Phoenix Petroleum Philippines Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Operating Income

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4,030.05

4,493.76

1,659.15

1,927.59

-393.13

Phoenix Petroleum Philippines Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Operating Income	Get a 7-Day Free Trial															-311.87	-1,093.57	-235.47	-453.80	-493.09

Phoenix Petroleum Philippines 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱-2,276 Mil.

Phoenix Petroleum Philippines (PHS:PNX) Operating Income Explanation

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

Phoenix Petroleum Philippines's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-1972.376 * ( 1 - -9.35% )	/	( (82688.082	+	79815.16)	/ 2 )
=	-2156.793156	/	81251.621
=	-2.65 %

where

	Invested Capital		(Q: Jun. 2023 )
=	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	))
=	84249.98	-	18494.033	-	( 4114.102	-	max(0, 48043.902	-	31111.767	+	4114.102	))
=	82688.082

	Invested Capital		(Q: Sep. 2023 )
=	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	))
=	82669.956	-	18841.557	-	( 2404.353	-	max(0, 48593.906	-	32607.145	+	2404.353	))
=	79815.16

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

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

Phoenix Petroleum Philippines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1940.288	/	( ( (33073.661 + max(8488.864, 0))	+	(32627.273 + max(7482.268, 0)) )	/	2 )
=	-1940.288	/	( ( 41562.525	+	40109.541 )	/	2 )
=	-1940.288	/	40836.033
=	-4.75 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(18875.078	+	1008.486	+	7099.332)	-	(18494.033	+	0	+	-0.00099999999656575)
=	8488.864

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(18571.933	+	814.087	+	7072.049)	-	(18841.557	+	0	+	134.24400000001)
=	7482.268

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

Phoenix Petroleum Philippines's Operating Margin % for the quarter that ended in Sep. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	-493.094	/	15245.306
	=	-3.23 %

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.

Phoenix Petroleum Philippines Operating Income Related Terms

Thank you for viewing the detailed overview of Phoenix Petroleum Philippines's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Phoenix Petroleum Philippines (PHS:PNX) Business Description

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Comparable Companies

Traded in Other Exchanges

PNX4.PFD:Philippines PNX3B.PFD:Philippines

Address

Stella Hizon Reyes Road, Phoenix Bulk Depot, Barrio Pampanga, Lanang, Davao, PHL, 8000

Website

https://www.phoenixfuels.ph

Phoenix Petroleum Philippines Inc is a Philippines-based company. Its segments include Trading, which is the key revenue driver, engaged in marketing, merchandising, purchasing, selling, dealing, acquiring, disposing, and distribution of goods and wares such as petroleum products (on a wholesale basis), adhesives, glues, bonding agents, epoxy resins, lubricants, and other products; Depot and logistics services engaged in operating oil depots, storage facilities and provides logistics services to various entities; and Real estate involved in real estate development, management, and operations. Geographically, the company operates in the Philippines, Singapore, and Vietnam. The majority of its revenue is generated from Singapore.