GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Binh Minh Plastics JSC (STC:BMP) » Definitions » Operating Income

Binh Minh Plastics JSC (STC:BMP) Operating Income : ₫1,210,571 Mil (TTM As of Mar. 2024)


View and export this data going back to 2006. Start your Free Trial

What is Binh Minh Plastics JSC Operating Income?

Binh Minh Plastics JSC's Operating Income for the three months ended in Mar. 2024 was ₫246,697 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was ₫1,210,571 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Binh Minh Plastics JSC's Operating Income for the three months ended in Mar. 2024 was ₫246,697 Mil. Binh Minh Plastics JSC's Revenue for the three months ended in Mar. 2024 was ₫1,002,851 Mil. Therefore, Binh Minh Plastics JSC's Operating Margin % for the quarter that ended in Mar. 2024 was 24.60%.

Good Sign:

Binh Minh Plastics JSC operating margin is expanding. Margin expansion is usually a good sign.

Binh Minh Plastics JSC's 5-Year average Growth Rate for Operating Margin % was 7.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Binh Minh Plastics JSC's annualized ROC % for the quarter that ended in Mar. 2024 was 92.81%. Binh Minh Plastics JSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 257.35%.


Binh Minh Plastics JSC Operating Income Historical Data

The historical data trend for Binh Minh Plastics JSC'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.

Binh Minh Plastics JSC Operating Income Chart

Binh Minh Plastics JSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 600,948.12 698,190.32 334,933.15 978,039.71 1,332,291.19

Binh Minh Plastics JSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 368,416.50 371,131.17 265,063.50 327,680.02 246,696.69

Binh Minh Plastics JSC 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₫1,210,571 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.


Binh Minh Plastics JSC  (STC:BMP) Operating Income Explanation

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

Binh Minh Plastics JSC's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=986786.752 * ( 1 - 20.02% )/( (805037.158 + 895647.756)/ 2 )
=789232.0442496/850342.457
=92.81 %

where

Invested Capital(Q: Dec. 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))
=3255000.928 - 438549.313 - ( 2011414.457 - max(0, 546150.419 - 2593900.148+2011414.457))
=805037.158

Invested Capital(Q: Mar. 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))
=3502098.917 - 358882.467 - ( 2247568.694 - max(0, 604244.227 - 2870494.719+2247568.694))
=895647.756

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

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

Binh Minh Plastics JSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=949679.984/( ( (313415.691 + max(73000.354, 0)) + (293709.702 + max(57922.996, 0)) )/ 2 )
=949679.984/( ( 386416.045 + 351632.698 )/ 2 )
=949679.984/369024.3715
=257.35 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(132518.76 + 364225.974 + 67236.039) - (438549.313 + 0 + 52431.106)
=73000.354

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(150160.165 + 363681.201 + 93155.857) - (358882.467 + 0 + 190191.76)
=57922.996

When net working capital is negative, 0 is used.

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

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

Binh Minh Plastics JSC's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=246696.688/1002851.022
=24.60 %

* 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.


Binh Minh Plastics JSC Operating Income Related Terms

Thank you for viewing the detailed overview of Binh Minh Plastics JSC's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Binh Minh Plastics JSC (STC:BMP) Business Description

Traded in Other Exchanges
N/A
Address
240 Hau Giang Street, Ward 9, District 6, Ho Chi Minh City, VNM
Binh Minh Plastics JSC is engaged in the manufacture and trade of civil and industrial products made of plastic and rubber. Its products include uPVC pipes and fittings, HPPE pipes, Rubber seal products, Aerosol & workwear caps, Glue products uPVC and others. It also manufactures and trades moulds for the plastic and casting industries. In addition, it is involved in the consultancy and execution of water drainage, yards, and warehouses; transportation of goods by road; and provision of laboratory equipment and advertising services. The business of the group is functioned through Vietnam.

Binh Minh Plastics JSC (STC:BMP) Headlines

No Headlines