Yakult Honsha Co (TSE:2267) Operating Income : 円61,873 Mil (TTM As of Sep. 2024)

View and export this data going back to 1980. Start your Free Trial

What is Yakult Honsha Co Operating Income?

Yakult Honsha Co's Operating Income for the three months ended in Sep. 2024 was 円17,679 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was 円61,873 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Yakult Honsha Co's Operating Income for the three months ended in Sep. 2024 was 円17,679 Mil. Yakult Honsha Co's Revenue for the three months ended in Sep. 2024 was 円132,449 Mil. Therefore, Yakult Honsha Co's Operating Margin % for the quarter that ended in Sep. 2024 was 13.35%.

Good Sign:

Yakult Honsha Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Yakult Honsha Co's 5-Year average Growth Rate for Operating Margin % was 3.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Yakult Honsha Co's annualized ROC % for the quarter that ended in Sep. 2024 was 8.35%. Yakult Honsha Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 30.03%.

Yakult Honsha Co Operating Income Historical Data

The historical data trend for Yakult Honsha Co'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.

Yakult Honsha Co Operating Income Chart

Yakult Honsha Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Operating Income

Get a 7-Day Free Trial

45,676.00

43,695.00

53,203.00

66,068.00

63,401.00

Yakult Honsha Co 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															18,324.00	20,597.00	7,499.00	16,098.00	17,679.00

Yakult Honsha Co 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 円61,873 Mil.

Yakult Honsha Co (TSE:2267) Operating Income Explanation

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

Yakult Honsha Co'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 )
=	70716 * ( 1 - 29.06% )	/	( (0	+	600569)	/ 1 )
=	50165.9304	/	600569
=	8.35 %

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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	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	))
=	883107	-	31646	-	( 274265	-	max(0, 143986	-	394878	+	274265	))
=	600569

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

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

Yakult Honsha Co'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 )
=	92484	/	( ( (0 + max(0, 0))	+	(286001 + max(21976, 0)) )	/	1 )
=	92484	/	( ( 0	+	307977 )	/	1 )
=	92484	/	307977
=	30.03 %

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)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(63127	+	36296	+	21190)	-	(31646	+	0	+	66991)
=	21976

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 %:

Yakult Honsha Co'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 )
	=	17679	/	132449
	=	13.35 %

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.

Yakult Honsha Co Operating Income Related Terms

Thank you for viewing the detailed overview of Yakult Honsha Co's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Yakult Honsha Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Yakult Honsha Co Ltd (TSE:2267) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

YKLTY:USA YKLTF:USA

Address

1-19 Higashi Shimbashi 1-chome, Minato-ku, Tokyo, JPN, 105-0021

Website

http://www.yakult.co.jp

Yakult Honsha is a pioneer in probiotics, which launched the probiotic drinks Yakult in 1935 after Minoru Shirota's discovery of Lactobacillus casei strain Shirota, a strain of lactic acid bacteria proved to be able to live in intestines, in 1930. It operates in 40 countries across four continents selling mainly the Yakult probiotic drinks. Apart from the retail outlets, the home delivery channel, served by a team of 83,000 Yakult Ladies globally, contributes about 45% of its probiotic drink volume. Overseas markets comprise 40% of group sales and profits. Yakult has built a meaningful presence in populated emerging markets including China, Indonesia, Mexico, and Brazil. It plans to step up expansion in the US. It also operates a pharmaceutical business with an emphasis on oncology drugs.

Yakult Honsha Co Headlines

No Headlines