Charter Hall Retail REIT (STU:MQV) Operating Income : €76.9 Mil (TTM As of Jun. 2024)

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What is Charter Hall Retail REIT Operating Income?

Charter Hall Retail REIT's Operating Income for the six months ended in Jun. 2024 was €38.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2024 was €76.9 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Charter Hall Retail REIT's Operating Income for the six months ended in Jun. 2024 was €38.2 Mil. Charter Hall Retail REIT's Revenue for the six months ended in Jun. 2024 was €65.1 Mil. Therefore, Charter Hall Retail REIT's Operating Margin % for the quarter that ended in Jun. 2024 was 58.67%.

Warning Sign:

Charter Hall Retail REIT operating margin has been in a 5-year decline. The average rate of decline per year is -1.2%.

Charter Hall Retail REIT's 5-Year average Growth Rate for Operating Margin % was -1.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Charter Hall Retail REIT's annualized ROC % for the quarter that ended in Jun. 2024 was 3.25%. Charter Hall Retail REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 176.87%.

Charter Hall Retail REIT Operating Income Historical Data

The historical data trend for Charter Hall Retail REIT'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.

Charter Hall Retail REIT Operating Income Chart

Charter Hall Retail REIT Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Operating Income

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74.46

70.88

75.99

76.50

77.11

Charter Hall Retail REIT Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Operating Income	Get a 7-Day Free Trial															38.96	39.24	38.35	38.73	38.18

Charter Hall Retail REIT 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €76.9 Mil.

Charter Hall Retail REIT (STU:MQV) Operating Income Explanation

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

Charter Hall Retail REIT's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	76.368 * ( 1 - 0% )	/	( (2400.833	+	2304.673)	/ 2 )
=	76.368	/	2352.753
=	3.25 %

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	))
=	2441.282	-	30.444	-	( 10.005	-	max(0, 81.081	-	210.223	+	10.005	))
=	2400.833

	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	))
=	2342.61	-	69.953	-	( 11.535	-	max(0, 74.271	-	42.255	+	11.535	))
=	2304.673

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Charter Hall Retail REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	105.36	/	( ( (0 + max(119.137, 0))	+	(0 + max(-58.109, 0)) )	/	2 )
=	105.36	/	( ( 119.137	+	0 )	/	2 )
=	105.36	/	59.5685
=	176.87 %

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)
=	(13.381	+	0	+	186.837)	-	(30.444	+	0	+	50.637)
=	119.137

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.357	+	0	+	14.805)	-	(69.953	+	0	+	4.318)
=	-58.109

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

Charter Hall Retail REIT's Operating Margin % for the quarter that ended in Jun. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	38.184	/	65.079
	=	58.67 %

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.

Charter Hall Retail REIT Operating Income Related Terms

Thank you for viewing the detailed overview of Charter Hall Retail REIT's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Charter Hall Retail REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Charter Hall Retail REIT (STU:MQV) » Definitions » Operating Income

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Traded in Other Exchanges

CQR:Australia

Address

No. 1 Martin Place, Level 20, Sydney, NSW, AUS, 2000

Website

https://www.charterhall.com.au

Charter Hall Retail REIT owns and manages a portfolio of convenience focused retail properties, including neighborhood and subregional shopping centers, and service stations. The REIT is managed by Charter Hall, a listed, diversified fund manager and developer, which owns a minority stake in Charter Hall Retail REIT and frequently partners with it on acquisitions and developments. More than half of rental income comes from major tenants Woolworths, Coles, Wesfarmers, Ampol, and BP (the latter two occupy service station assets). The portfolio is more seasoned than some convenience rivals, with approximately 83% of supermarket tenants at or near thresholds for paying turnover-linked rent.

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