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Pöyry Oyj (Pöyry Oyj) Operating Income : $63.2 Mil (TTM As of Dec. 2018)


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What is Pöyry Oyj Operating Income?

Pöyry Oyj's Operating Income for the six months ended in Dec. 2018 was $24.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2018 was $63.2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Pöyry Oyj's Operating Income for the six months ended in Dec. 2018 was $24.8 Mil. Pöyry Oyj's Revenue for the six months ended in Dec. 2018 was $337.8 Mil. Therefore, Pöyry Oyj's Operating Margin % for the quarter that ended in Dec. 2018 was 7.34%.

Pöyry Oyj'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. Pöyry Oyj's annualized ROC % for the quarter that ended in Dec. 2018 was 10.33%. Pöyry Oyj's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2018 was 776.33%.


Pöyry Oyj Operating Income Historical Data

The historical data trend for Pöyry Oyj'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.

Pöyry Oyj Operating Income Chart

Pöyry Oyj Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -34.65 1.85 -2.95 22.25 56.20

Pöyry Oyj Semi-Annual Data
Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18
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 -4.01 4.16 13.61 38.44 24.80

Pöyry Oyj 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 Dec. 2018 adds up the semi-annually data reported by the company within the most recent 12 months, which was $63.2 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.


Pöyry Oyj  (OTCPK:PYYRF) Operating Income Explanation

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

Pöyry Oyj's annualized ROC % for the quarter that ended in Dec. 2018 is calculated as:

ROC % (Q: Dec. 2018 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2018 ) + Invested Capital (Q: Dec. 2018 ))/ count )
=49.602 * ( 1 - 9.41% )/( (453.621 + 416.723)/ 2 )
=44.9344518/435.172
=10.33 %

where

Invested Capital(Q: Jun. 2018 )
=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))
=493.107 - 25.818 - ( 75.584 - max(0, 291.355 - 305.023+75.584))
=453.621

Invested Capital(Q: Dec. 2018 )
=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))
=479.863 - 24.687 - ( 117.747 - max(0, 260.523 - 298.976+117.747))
=416.723

Note: The Operating Income data used here is two times the semi-annual (Dec. 2018) data.

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

Pöyry Oyj's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2018 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2018 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2018  Q: Dec. 2018
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=51.878/( ( (6.425 + max(-15.07, 0)) + (6.94 + max(-79.294, 0)) )/ 2 )
=51.878/( ( 6.425 + 6.94 )/ 2 )
=51.878/6.6825
=776.33 %

where Working Capital is:

Working Capital(Q: Jun. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(128.505 + 67.523 + 33.411) - (25.818 + 0 + 218.691)
=-15.07

Working Capital(Q: Dec. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(117.179 + 38.339 + 25.711) - (24.687 + 0 + 235.836)
=-79.294

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2018) EBIT data.

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

Pöyry Oyj's Operating Margin % for the quarter that ended in Dec. 2018 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2018 )/Revenue (Q: Dec. 2018 )
=24.801/337.77
=7.34 %

* 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.


Pöyry Oyj Operating Income Related Terms

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Pöyry Oyj (Pöyry Oyj) Business Description

Traded in Other Exchanges
N/A
Address
Jaakonkatu 3, P.O.Box 4, Vantaa, FIN, 01620
Pöyry Oyj is a Finland-based consulting and engineering company. The company provides technical consulting, engineering, supervision and project management services within the areas of hydropower, thermal power, nuclear power, renewables and transmission, and distribution. It also provides services such as engineering and technical advisory, strategic advisory to process industries and investment life-cycle and also for capital and resource intensive industries. The company organizes its business into four segments- Energy, Industry, Regional Operations and Management Consulting. It provides its services across the international markets and generates the majority of its revenues from Nordic countries.

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