GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » A D Works Group Co Ltd (TSE:2982) » Definitions » Operating Income

A D Works Group Co (TSE:2982) Operating Income : 円2,893 Mil (TTM As of Jun. 2024)


View and export this data going back to 2020. Start your Free Trial

What is A D Works Group Co Operating Income?

A D Works Group Co's Operating Income for the three months ended in Jun. 2024 was 円1,221 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2024 was 円2,893 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. A D Works Group Co's Operating Income for the three months ended in Jun. 2024 was 円1,221 Mil. A D Works Group Co's Revenue for the three months ended in Jun. 2024 was 円12,980 Mil. Therefore, A D Works Group Co's Operating Margin % for the quarter that ended in Jun. 2024 was 9.41%.

A D Works Group Co'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. A D Works Group Co's annualized ROC % for the quarter that ended in Jun. 2024 was 5.87%. A D Works Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 10.30%.


A D Works Group Co Operating Income Historical Data

The historical data trend for A D Works Group 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.

A D Works Group Co Operating Income Chart

A D Works Group Co Annual Data
Trend Dec21 Dec22 Dec23
Operating Income
933.34 1,376.59 2,441.83

A D Works Group Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1,090.41 427.63 644.57 599.34 1,221.44

A D Works Group 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円2,893 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.


A D Works Group Co  (TSE:2982) Operating Income Explanation

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

A D Works Group Co'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: Mar. 2024 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=4885.744 * ( 1 - 36.41% )/( (52478.797 + 53392.514)/ 2 )
=3106.8446096/52935.6555
=5.87 %

where

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))
=61566.82 - 1043.647 - ( 8044.376 - max(0, 9853.766 - 52680.233+8044.376))
=52478.797

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))
=64565.224 - 1560.829 - ( 9611.881 - max(0, 11969.916 - 55589.866+9611.881))
=53392.514

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

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

A D Works Group Co'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: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4830.484/( ( (6776.102 + max(39664.076, 0)) + (6853.837 + max(40462.496, 0)) )/ 2 )
=4830.484/( ( 46440.178 + 47316.333 )/ 2 )
=4830.484/46878.2555
=10.30 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(116 + 42299.123 + 2220.734) - (1043.647 + 0 + 3928.134)
=39664.076

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(324.931 + 43701.379 + 1951.675) - (1560.829 + 0 + 3954.66)
=40462.496

When net working capital is negative, 0 is used.

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

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

A D Works Group Co'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 )
=1221.436/12980.486
=9.41 %

* 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.


A D Works Group Co Operating Income Related Terms

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


A D Works Group Co Business Description

Traded in Other Exchanges
N/A
Address
2-2-3, Uchisaiwaicho, Chiyoda-ku, Tokyo, JPN, 100-0011
A D Works Group Co Ltd specializes in providing real estate investment and management solutions to high net-worth individuals. The company provides long-term investment support through not only the renovation and sales of income properties, but also through a variety of one-stop consultation services, including post-sale property management and repair, real estate appraisal, and inheritance tax measures. Its services include real estate leasing and sales, property management, real estate consulting, renovation and repairs, and real estate tech.

A D Works Group Co Headlines

No Headlines