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Kyoritsu Computermmunication Co (TSE:3670) Operating Income : 円283 Mil (TTM As of Sep. 2024)


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What is Kyoritsu Computermmunication Co Operating Income?

Kyoritsu Computermmunication Co's Operating Income for the three months ended in Sep. 2024 was 円0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was 円283 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Kyoritsu Computermmunication Co's Operating Income for the three months ended in Sep. 2024 was 円0 Mil. Kyoritsu Computermmunication Co's Revenue for the three months ended in Sep. 2024 was 円0 Mil. Therefore, Kyoritsu Computermmunication Co's Operating Margin % for the quarter that ended in Sep. 2024 was %.

Warning Sign:

Kyoritsu Computer & Communication Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -4.9%.

Kyoritsu Computermmunication Co's 5-Year average Growth Rate for Operating Margin % was -4.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kyoritsu Computermmunication Co's annualized ROC % for the quarter that ended in Sep. 2024 was 0.00%. Kyoritsu Computermmunication Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 0.00%.


Kyoritsu Computermmunication Co Operating Income Historical Data

The historical data trend for Kyoritsu Computermmunication 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.

Kyoritsu Computermmunication Co Operating Income Chart

Kyoritsu Computermmunication Co Annual Data
Trend Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Mar23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 273.72 339.90 247.24 165.07 163.18

Kyoritsu Computermmunication Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
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 14.23 75.14 91.37 102.68 -

Kyoritsu Computermmunication 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283 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.


Kyoritsu Computermmunication Co  (TSE:3670) Operating Income Explanation

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

Kyoritsu Computermmunication 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: Mar. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=0 * ( 1 - 0% )/( (1388.536 + 1398.913)/ 2 )
=0/1393.7245
=0.00 %

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))
=3278.519 - 667.55 - ( 1222.433 - max(0, 957.015 - 2319.407+1222.433))
=1388.536

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))
=2887.334 - 260.569 - ( 1227.852 - max(0, 563.397 - 1955.434+1227.852))
=1398.913

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

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

Kyoritsu Computermmunication 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: Mar. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0/( ( (781.679 + max(83.781, 0)) + (758.079 + max(164.185, 0)) )/ 2 )
=0/( ( 865.46 + 922.264 )/ 2 )
=0/893.862
=0.00 %

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)
=(743.975 + 191.971 + 90.991) - (667.55 + 0 + 275.606)
=83.781

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(480.368 + 137.209 + 110.005) - (260.569 + 0 + 302.828)
=164.185

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 %:

Kyoritsu Computermmunication 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 )
=0/0
= %

* 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.


Kyoritsu Computermmunication Co Operating Income Related Terms

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Kyoritsu Computermmunication Co Business Description

Traded in Other Exchanges
N/A
Address
Daiwa A Hamamatsucho Building, 1-9-10 Hamamatsucho, Minato-Ku, Tokyo, JPN, 105-0013
Kyoritsu Computer & Communication Co Ltd provides management information solutions for sales, construction, education and operation services, and others. Its solutions and software are used in promoting management activities for corporate customers. Geographically it operates through the region of Japan.

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