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Optoelectronics Co (TSE:6664) Operating Income : 円-631 Mil (TTM As of May. 2024)


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What is Optoelectronics Co Operating Income?

Optoelectronics Co's Operating Income for the three months ended in May. 2024 was 円-148 Mil. Its Operating Income for the trailing twelve months (TTM) ended in May. 2024 was 円-631 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Optoelectronics Co's Operating Income for the three months ended in May. 2024 was 円-148 Mil. Optoelectronics Co's Revenue for the three months ended in May. 2024 was 円1,563 Mil. Therefore, Optoelectronics Co's Operating Margin % for the quarter that ended in May. 2024 was -9.47%.

Optoelectronics 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. Optoelectronics Co's annualized ROC % for the quarter that ended in May. 2024 was -7.61%. Optoelectronics Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2024 was -6.63%.


Optoelectronics Co Operating Income Historical Data

The historical data trend for Optoelectronics 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.

Optoelectronics Co Operating Income Chart

Optoelectronics Co Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.25 -308.90 1,177.89 315.61 -462.42

Optoelectronics Co Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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 -142.69 -156.25 -252.83 -73.37 -148.09

Optoelectronics 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 May. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-631 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.


Optoelectronics Co  (TSE:6664) Operating Income Explanation

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

Optoelectronics Co's annualized ROC % for the quarter that ended in May. 2024 is calculated as:

ROC % (Q: May. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2024 ) + Invested Capital (Q: May. 2024 ))/ count )
=-592.36 * ( 1 - -9.36% )/( (8528.842 + 8496.932)/ 2 )
=-647.804896/8512.887
=-7.61 %

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))
=14963.203 - 484.913 - ( 5949.448 - max(0, 4463.748 - 12258.783+5949.448))
=8528.842

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))
=15051.133 - 547.598 - ( 6006.603 - max(0, 4718.089 - 12334.493+6006.603))
=8496.932

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

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

Optoelectronics Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: May. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2024  Q: May. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-446.764/( ( (2272.064 + max(4529.258, 0)) + (2285.626 + max(4391.005, 0)) )/ 2 )
=-446.764/( ( 6801.322 + 6676.631 )/ 2 )
=-446.764/6738.9765
=-6.63 %

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)
=(1361.238 + 4572.894 + 375.203) - (484.913 + 0 + 1295.164)
=4529.258

Working Capital(Q: May. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1342.155 + 4561.715 + 424.02) - (547.598 + 0 + 1389.287)
=4391.005

When net working capital is negative, 0 is used.

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

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

Optoelectronics Co's Operating Margin % for the quarter that ended in May. 2024 is calculated as:

Operating Margin %=Operating Income (Q: May. 2024 )/Revenue (Q: May. 2024 )
=-148.09/1563.374
=-9.47 %

* 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.


Optoelectronics Co Operating Income Related Terms

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Optoelectronics Co Business Description

Traded in Other Exchanges
N/A
Address
Number 12-17, Tsukagoshi Tsukagoe, Saitama, JPN, 335-0002
Optoelectronics Co Ltd is engaged in developing, manufacturing, and selling automatic recognition devices in Japan, the United States, and Europe. The company offers modules, handy scanners, data collectors, handy terminals, smartphone handy terminals, desktop and stationary scanners, and electronic shelf label systems, as well as laser/CCD type barcode and imager scanners.

Optoelectronics Co Headlines

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