National Shipping Company ofudi Arabia (SAU:4030) Operating Income : ﷼2,326 Mil (TTM As of Sep. 2024)

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What is National Shipping Company ofudi Arabia Operating Income?

National Shipping Company ofudi Arabia's Operating Income for the three months ended in Sep. 2024 was ﷼541 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was ﷼2,326 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. National Shipping Company ofudi Arabia's Operating Income for the three months ended in Sep. 2024 was ﷼541 Mil. National Shipping Company ofudi Arabia's Revenue for the three months ended in Sep. 2024 was ﷼2,241 Mil. Therefore, National Shipping Company ofudi Arabia's Operating Margin % for the quarter that ended in Sep. 2024 was 24.14%.

Warning Sign:

National Shipping Company of Saudi Arabia operating margin has been in a 5-year decline. The average rate of decline per year is -2.4%.

National Shipping Company ofudi Arabia's 5-Year average Growth Rate for Operating Margin % was -2.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. National Shipping Company ofudi Arabia's annualized ROC % for the quarter that ended in Sep. 2024 was 9.66%. National Shipping Company ofudi Arabia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 17.43%.

National Shipping Company ofudi Arabia Operating Income Historical Data

The historical data trend for National Shipping Company ofudi Arabia'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.

National Shipping Company ofudi Arabia Operating Income Chart

National Shipping Company ofudi Arabia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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1,194.08

1,885.98

388.36

1,296.27

1,829.39

National Shipping Company ofudi Arabia Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Operating Income	Get a 7-Day Free Trial															315.86	418.20	603.10	764.21	540.79

National Shipping Company ofudi Arabia 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ﷼2,326 Mil.

National Shipping Company ofudi Arabia (SAU:4030) Operating Income Explanation

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

National Shipping Company ofudi Arabia's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	2163.144 * ( 1 - 4.18% )	/	( (20947.485	+	21950.801)	/ 2 )
=	2072.7245808	/	21449.143
=	9.66 %

where

	Invested Capital		(Q: Jun. 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	))
=	25217.34	-	1738.287	-	( 3093.653	-	max(0, 3489.288	-	6020.856	+	3093.653	))
=	20947.485

	Invested Capital		(Q: Sep. 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	))
=	24964.684	-	1190.576	-	( 2106.621	-	max(0, 2945.906	-	4769.213	+	2106.621	))
=	21950.801

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

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

National Shipping Company ofudi Arabia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3007.704	/	( ( (16807.222 + max(-1148.456, 0))	+	(17713.603 + max(-117.622, 0)) )	/	2 )
=	3007.704	/	( ( 16807.222	+	17713.603 )	/	2 )
=	3007.704	/	17260.4125
=	17.43 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(432.513	+	490.065	+	752.391)	-	(1738.287	+	0	+	1085.138)
=	-1148.456

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(697.089	+	515.737	+	708.361)	-	(1190.576	+	0	+	848.233)
=	-117.622

When net working capital is negative, 0 is used.

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

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

National Shipping Company ofudi Arabia's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	540.786	/	2240.585
	=	24.14 %

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.

National Shipping Company ofudi Arabia Operating Income Related Terms

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National Shipping Company ofudi Arabia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » National Shipping Company of Saudi Arabia (SAU:4030) » Definitions » Operating Income

Traded in Other Exchanges

N/A

Address

Olaya Towers, Tower B, P.O. Box 8931, 12th - 15th Floor, Olaya District, Riyadh, SAU, 12213

Website

https://www.bahri.sa

National Shipping Company of Saudi Arabia engaged in purchasing, selling and operating vessels for the coordination of transport & storage on board vessels, transportation of cargo, cargo clearance, agencies for maritime shipping companies and all marine transport activities. The Group performs its operations through four segments which are Transportation of oil, Transportation of chemicals, Logistics and Transportation of dry bulk. The company earns maximum revenue from the Transportation of oil.

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