Ezra Holdings (SGX:5DN) Operating Income: S$-398.5 Mil (TTM As of May. 2016)

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What is Ezra Holdings Operating Income?

Ezra Holdings SGX:5DN Operating Income is S$-398.5 Mil as of May. 2016.

Ezra Holdings's Operating Income for the three months ended in May. 2016 was S$-64.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in May. 2016 was S$-398.5 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ezra Holdings's Operating Income for the three months ended in May. 2016 was S$-64.8 Mil. Ezra Holdings's Revenue for the three months ended in May. 2016 was S$172.2 Mil. Therefore, Ezra Holdings's Operating Margin % for the quarter that ended in May. 2016 was -37.60%.

Ezra Holdings'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. Ezra Holdings's annualized ROC % for the quarter that ended in May. 2016 was -7.10%. Ezra Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2016 was -55.16%.

Ezra Holdings  (SGX:5DN) Operating Income Explanation

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

Ezra Holdings's annualized ROC % for the quarter that ended in May. 2016 is calculated as:

ROC % (Q: May. 2016 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2016 ) + Invested Capital (Q: May. 2016 ))/ count )
=-259.012 * ( 1 - 0% )/( (4473.416 + 2827.247)/ 2 )
=-259.012/3650.3315
=-7.10 %

where

Invested Capital(Q: Feb. 2016 )
=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))
=4899.807 - 292.703 - ( 133.688 - max(0, 2392.981 - 3083.255+133.688))
=4473.416

Invested Capital(Q: May. 2016 )
=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))
=3177.929 - 304.418 - ( 59.677 - max(0, 1093.209 - 1139.473+59.677))
=2827.247

Note: The Operating Income data used here is four times the quarterly (May. 2016) data.

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

Ezra Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2016 is calculated as:

ROC (Joel Greenblatt) %(Q: May. 2016 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2016  Q: May. 2016
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1237.184/( ( (1347.532 + max(1257.319, 0)) + (1366.431 + max(514.573, 0)) )/ 2 )
=-1237.184/( ( 2604.851 + 1881.004 )/ 2 )
=-1237.184/2242.9275
=-55.16 %

where Working Capital is:

Working Capital(Q: Feb. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(376.795 + 111.757 + 2365.396) - (292.703 + 0 + 1303.926)
=1257.319

Working Capital(Q: May. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(359.932 + 100.378 + 429.531) - (304.418 + 0 + 70.85)
=514.573

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (May. 2016) EBIT data.

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

Ezra Holdings's Operating Margin % for the quarter that ended in May. 2016 is calculated as:

Operating Margin %=Operating Income (Q: May. 2016 )/Revenue (Q: May. 2016 )
=-64.753/172.193
=-37.60 %

* 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.

Ezra Holdings Operating Income Related Terms

Ezra Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Ezra Holdings'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.

Ezra Holdings Operating Income Chart

Ezra Holdings Annual Data
Trend Aug06 Aug07 Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.97 65.37 5.84 32.84 -153.69

Ezra Holdings Quarterly Data
Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16
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 6.80 -194.95 -1.31 -137.48 -64.75

Ezra Holdings 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 May. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was S$-398.5 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 S$-398.5 Mil mean?
Ezra Holdings (SGX:5DN) has a Operating Income of S$-398.5 Mil as of May. 2016. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Ezra Holdings and its competitors.
Is Ezra Holdings' Operating Income too high?
Ezra Holdings' current Operating Income is S$-398.5 Mil.
How does Ezra Holdings' Operating Income compare to WFTIQ and GWTI?
Ezra Holdings' Operating Income of S$-398.5 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Operating Income depends on the Oil & Gas 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 Ezra Holdings and its competitors. Ezra Holdings's current Operating Income is S$-398.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ezra Holdings stock overvalued right now?
Ezra Holdings (SGX:5DN) has a current Operating Income of S$-398.5 Mil. The current Operating Income is S$-398.5 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Ezra Holdings (SGX:5DN), the current Operating Income is S$-398.5 Mil as of May. 2016. 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.

Ezra Holdings Business Description

Industry EnergyOil & Gas
Address 51 Shipyard Road, Singapore, SGP, 628139
Ezra Holdings Ltd is an offshore contractor and provider of integrated offshore solutions to the Oil and Gas industry. The business divisions of the company are Offshore Support (EMAS), Production Services and Marine Services (TRIYARDS) and EMAS Energy. The EMAS division includes offshore support services, accommodation, construction, and production services to customers in the oil and gas industry. The TRIYARDS division provides integrated engineering, ship construction, and fabrication services. The EMAS Energy division serves energy lifecycle by providing integrated onshore and offshore well intervention, drilling services, modern equipment and the support of marine vessels.