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GIG Works (TSE:2375) Operating Income : 円268 Mil (TTM As of Apr. 2024)


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What is GIG Works Operating Income?

GIG Works's Operating Income for the three months ended in Apr. 2024 was 円83 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2024 was 円268 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. GIG Works's Operating Income for the three months ended in Apr. 2024 was 円83 Mil. GIG Works's Revenue for the three months ended in Apr. 2024 was 円6,633 Mil. Therefore, GIG Works's Operating Margin % for the quarter that ended in Apr. 2024 was 1.25%.

GIG Works'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. GIG Works's annualized ROC % for the quarter that ended in Apr. 2024 was 2.62%. GIG Works's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2024 was 16.01%.


GIG Works Operating Income Historical Data

The historical data trend for GIG Works'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.

GIG Works Operating Income Chart

GIG Works Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,002.30 903.87 442.25 111.05 -404.15

GIG Works Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Oct24
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 -10.21 93.45 101.97 82.88 -

GIG Works 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 Apr. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円268 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.


GIG Works  (TSE:2375) Operating Income Explanation

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

GIG Works's annualized ROC % for the quarter that ended in Apr. 2024 is calculated as:

ROC % (Q: Apr. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2024 ) + Invested Capital (Q: Apr. 2024 ))/ count )
=331.52 * ( 1 - 56.76% )/( (5372.462 + 5590.869)/ 2 )
=143.349248/5481.6655
=2.62 %

where

Invested Capital(Q: Jan. 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))
=8911.605 - 1927.116 - ( 2425.606 - max(0, 4416.981 - 6029.008+2425.606))
=5372.462

Invested Capital(Q: Apr. 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))
=9286.117 - 2060.594 - ( 2730.09 - max(0, 4756.793 - 6391.447+2730.09))
=5590.869

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

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

GIG Works's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2024  Q: Apr. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=325.208/( ( (1063.723 + max(1154.61, 0)) + (1024.14 + max(820.017, 0)) )/ 2 )
=325.208/( ( 2218.333 + 1844.157 )/ 2 )
=325.208/2031.245
=16.01 %

where Working Capital is:

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2802.259 + 242.436 + 558.707) - (1927.116 + 0 + 521.676)
=1154.61

Working Capital(Q: Apr. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2996.754 + 165.132 + 499.471) - (2060.594 + 0 + 780.746)
=820.017

When net working capital is negative, 0 is used.

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

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

GIG Works's Operating Margin % for the quarter that ended in Apr. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Apr. 2024 )/Revenue (Q: Apr. 2024 )
=82.88/6632.848
=1.25 %

* 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.


GIG Works Operating Income Related Terms

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GIG Works Business Description

Traded in Other Exchanges
N/A
Address
2-11-6 Nishi-Shinbashi, Tokyo New Nishi-Shinbashi Building 3rd Floor, Minato-ku, Tokyo, JPN, 105-0003
GIG Works Inc is a Japan based company engaged in providing marketing and communication service which include sales agency and sales support service, field support service, contact service, and technology service which include engineering development consignment and staff support service.

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