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LaSalle LOGIPORT REIT (TSE:3466) Operating Income : 円14,342 Mil (TTM As of Aug. 2024)


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What is LaSalle LOGIPORT REIT Operating Income?

LaSalle LOGIPORT REIT's Operating Income for the six months ended in Aug. 2024 was 円6,987 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Aug. 2024 was 円14,342 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. LaSalle LOGIPORT REIT's Operating Income for the six months ended in Aug. 2024 was 円6,987 Mil. LaSalle LOGIPORT REIT's Revenue for the six months ended in Aug. 2024 was 円12,782 Mil. Therefore, LaSalle LOGIPORT REIT's Operating Margin % for the quarter that ended in Aug. 2024 was 54.67%.

Warning Sign:

LaSalle LOGIPORT REIT operating margin has been in a 5-year decline. The average rate of decline per year is -1.3%.

LaSalle LOGIPORT REIT's 5-Year average Growth Rate for Operating Margin % was -1.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. LaSalle LOGIPORT REIT's annualized ROC % for the quarter that ended in Aug. 2024 was 3.46%. LaSalle LOGIPORT REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was 3.65%.


LaSalle LOGIPORT REIT Operating Income Historical Data

The historical data trend for LaSalle LOGIPORT 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.

LaSalle LOGIPORT REIT Operating Income Chart

LaSalle LOGIPORT REIT Annual Data
Trend Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Operating Income
Get a 7-Day Free Trial 9,300.53 11,291.09 11,421.24 11,439.34 14,342.13

LaSalle LOGIPORT REIT Semi-Annual Data
Mar16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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 5,664.41 5,697.47 5,741.86 7,354.78 6,987.35

LaSalle LOGIPORT 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 Aug. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円14,342 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.


LaSalle LOGIPORT REIT  (TSE:3466) Operating Income Explanation

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

LaSalle LOGIPORT REIT's annualized ROC % for the quarter that ended in Aug. 2024 is calculated as:

ROC % (Q: Aug. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2024 ) + Invested Capital (Q: Aug. 2024 ))/ count )
=13974.7 * ( 1 - 0.01% )/( (398528.67 + 408526.647)/ 2 )
=13973.30253/403527.6585
=3.46 %

where

Invested Capital(Q: Feb. 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))
=408022.508 - 3296.935 - ( 20258.502 - max(0, 22837.929 - 29034.832+20258.502))
=398528.67

Invested Capital(Q: Aug. 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))
=406617.216 - 2864.609 - ( 20008.21 - max(0, 34112.139 - 29338.099+20008.21))
=408526.647

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

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

LaSalle LOGIPORT REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Aug. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2024  Q: Aug. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=13721.212/( ( (375114.131 + max(2408.401, 0)) + (371257.22 + max(3437.75, 0)) )/ 2 )
=13721.212/( ( 377522.532 + 374694.97 )/ 2 )
=13721.212/376108.751
=3.65 %

where Working Capital is:

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(526.727 + 0 + 8249.603) - (3296.935 + 0 + 3070.994)
=2408.401

Working Capital(Q: Aug. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(553.911 + 0 + 8775.978) - (2864.609 + 0 + 3027.53)
=3437.75

When net working capital is negative, 0 is used.

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

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

LaSalle LOGIPORT REIT's Operating Margin % for the quarter that ended in Aug. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Aug. 2024 )/Revenue (Q: Aug. 2024 )
=6987.35/12782.035
=54.67 %

* 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.


LaSalle LOGIPORT REIT Operating Income Related Terms

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LaSalle LOGIPORT REIT Business Description

Traded in Other Exchanges
N/A
Address
Marunouchi, 1-11-1, Marunouchi, 14th Floor, Pacific Century Place, Chiyoda-ku, Tokyo, JPN
LaSalle LOGIPORT REIT is a Japan-based real estate investment trust. The company intends to invest in facilities that cater to its tenant's needs for integrated and efficient logistics operations. The majority of firm's assets are located in Tokyo area. The firm focuses on investments in prime logistics within the Tokyo and Osaka area. Its growth strategy is backed by the sponsor group's support.

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