GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nippon Prologis REIT Inc (TSE:3283) » Definitions » Operating Income

Nippon Prologis REIT (TSE:3283) Operating Income : 円27,396 Mil (TTM As of Nov. 2024)


View and export this data going back to 2013. Start your Free Trial

What is Nippon Prologis REIT Operating Income?

Nippon Prologis REIT's Operating Income for the six months ended in Nov. 2024 was 円13,683 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Nov. 2024 was 円27,396 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Nippon Prologis REIT's Operating Income for the six months ended in Nov. 2024 was 円13,683 Mil. Nippon Prologis REIT's Revenue for the six months ended in Nov. 2024 was 円31,054 Mil. Therefore, Nippon Prologis REIT's Operating Margin % for the quarter that ended in Nov. 2024 was 44.06%.

Warning Sign:

Nippon Prologis REIT Inc operating margin has been in a 5-year decline. The average rate of decline per year is -1.6%.

Nippon Prologis REIT's 5-Year average Growth Rate for Operating Margin % was -1.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nippon Prologis REIT's annualized ROC % for the quarter that ended in Nov. 2024 was 3.11%. Nippon Prologis REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2024 was 3.25%.


Nippon Prologis REIT Operating Income Historical Data

The historical data trend for Nippon Prologis 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.

Nippon Prologis REIT Operating Income Chart

Nippon Prologis REIT Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov23 Nov24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19,387.53 21,857.57 23,287.84 25,904.23 27,395.67

Nippon Prologis REIT Semi-Annual Data
Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 May23 Nov23 May24 Nov24
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 11,914.40 12,346.51 13,557.72 13,712.55 13,683.13

Nippon Prologis 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 Nov. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円27,396 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.


Nippon Prologis REIT  (TSE:3283) Operating Income Explanation

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

Nippon Prologis REIT's annualized ROC % for the quarter that ended in Nov. 2024 is calculated as:

ROC % (Q: Nov. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: May. 2024 ) + Invested Capital (Q: Nov. 2024 ))/ count )
=27366.254 * ( 1 - 0.01% )/( (883472.527 + 874952.407)/ 2 )
=27363.5173746/879212.467
=3.11 %

where

Invested Capital(Q: May. 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))
=880723.297 - 5004.814 - ( 31661.352 - max(0, 48941.314 - 41187.27+31661.352))
=883472.527

Invested Capital(Q: Nov. 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))
=878175.165 - 4231.736 - ( 34704.754 - max(0, 45721.888 - 44712.91+34704.754))
=874952.407

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

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

Nippon Prologis REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Nov. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: May. 2024  Q: Nov. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=27103.408/( ( (837844.748 + max(-4115.396, 0)) + (831922.596 + max(-3413.732, 0)) )/ 2 )
=27103.408/( ( 837844.748 + 831922.596 )/ 2 )
=27103.408/834883.672
=3.25 %

where Working Capital is:

Working Capital(Q: May. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1936.626 + 0 + 7589.292) - (5004.814 + 0 + 8636.5)
=-4115.396

Working Capital(Q: Nov. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2084.986 + 0 + 7923.17) - (4231.736 + 0 + 9190.152)
=-3413.732

When net working capital is negative, 0 is used.

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

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

Nippon Prologis REIT's Operating Margin % for the quarter that ended in Nov. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Nov. 2024 )/Revenue (Q: Nov. 2024 )
=13683.127/31053.594
=44.06 %

* 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.


Nippon Prologis REIT Operating Income Related Terms

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


Nippon Prologis REIT Business Description

Traded in Other Exchanges
Address
Tokyo Building 21F, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6421
Nippon Prologis REIT Inc is a Japanese real estate investment trust primarily involved in owning, operating, and developing logistics facilities in Japan's major urban markets. The company's real estate portfolio is comprised mainly of large, multitenant warehouse facilities located near transportation hubs and population clusters. Nippon Prologis also operates a sizable number of build-to-suit facilities with similar physical specifications to its other buildings. The majority of the company's properties are located in the Greater Tokyo area, while a significant percentage are located in the Greater Osaka area as well. Nippon Prologis derives nearly all of its income from rental revenue. Its customers include a variety of logistics, distribution, transportation, and industrial companies.

Nippon Prologis REIT Headlines

No Headlines