Japan Cash Machine Co (TSE:6418) Operating Income : 円5,675 Mil (TTM As of Sep. 2024)

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What is Japan Cash Machine Co Operating Income?

Japan Cash Machine Co's Operating Income for the three months ended in Sep. 2024 was 円1,838 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was 円5,675 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Japan Cash Machine Co's Operating Income for the three months ended in Sep. 2024 was 円1,838 Mil. Japan Cash Machine Co's Revenue for the three months ended in Sep. 2024 was 円11,149 Mil. Therefore, Japan Cash Machine Co's Operating Margin % for the quarter that ended in Sep. 2024 was 16.48%.

Japan Cash Machine 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. Japan Cash Machine Co's annualized ROC % for the quarter that ended in Sep. 2024 was 15.24%. Japan Cash Machine Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 11.96%.

Japan Cash Machine Co Operating Income Historical Data

The historical data trend for Japan Cash Machine 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.

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Japan Cash Machine Co Operating Income Chart

Japan Cash Machine Co Annual Data

Trend

Mar15

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Mar24

Operating Income

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-730.79

-2,589.34

568.64

622.63

2,839.20

Japan Cash Machine Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Operating Income	Get a 7-Day Free Trial															643.66	1,077.92	841.75	1,917.91	1,837.63

Japan Cash Machine 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5,675 Mil.

Japan Cash Machine Co (TSE:6418) Operating Income Explanation

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

Japan Cash Machine 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: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	7350.516 * ( 1 - 33% )	/	( (0	+	32324.343)	/ 1 )
=	4924.84572	/	32324.343
=	15.24 %

where

	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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	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	))
=	51333.613	-	4808.585	-	( 14200.685	-	max(0, 9850.361	-	43690.578	+	14200.685	))
=	32324.343

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

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

Japan Cash Machine 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: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3003.416	/	( ( (0 + max(0, 0))	+	(3969.312 + max(21139.532, 0)) )	/	1 )
=	3003.416	/	( ( 0	+	25108.844 )	/	1 )
=	3003.416	/	25108.844
=	11.96 %

where Working Capital is:

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

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7983.961	+	19394.14	+	2111.792)	-	(4808.585	+	0	+	3541.776)
=	21139.532

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 %:

Japan Cash Machine 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 )
	=	1837.629	/	11149.202
	=	16.48 %

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.

Japan Cash Machine Co Operating Income Related Terms

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Japan Cash Machine Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Japan Cash Machine Co Ltd (TSE:6418) » Definitions » Operating Income

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Traded in Other Exchanges

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Address

2-3-15 Nishiwaki, Hirano-ku, Osaka, JPN, 547-0035

Website

http://www.jcm-hq.co.jp

Japan Cash Machine Co Ltd is engaged in the manufacture and sale of money-handling and amusement center machines. The company operates through four segments. Its Global gaming segment includes the trade of bill validators, recyclers, and printers for casinos and original equipment manufacturer customers. The Overseas commercial segment consists of the sale of machines to overseas financial, distribution and transportation markets. Its Domestic commercial segment comprises of marketing of bill recycler units coin dispensers and foreign currency exchange machines for domestic markets. The company's Equipment for amusement industry segment is involved in the provision of ball and medal lending machines for slot machines.

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