Mos Food Services (TSE:8153) Operating Income : 円4,824 Mil (TTM As of Sep. 2024)

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What is Mos Food Services Operating Income?

Mos Food Services's Operating Income for the three months ended in Sep. 2024 was 円1,720 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was 円4,824 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Mos Food Services's Operating Income for the three months ended in Sep. 2024 was 円1,720 Mil. Mos Food Services's Revenue for the three months ended in Sep. 2024 was 円25,067 Mil. Therefore, Mos Food Services's Operating Margin % for the quarter that ended in Sep. 2024 was 6.86%.

Warning Sign:

Mos Food Services Inc operating margin has been in a 5-year decline. The average rate of decline per year is -2%.

Mos Food Services's 5-Year average Growth Rate for Operating Margin % was -2.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mos Food Services's annualized ROC % for the quarter that ended in Sep. 2024 was 10.49%. Mos Food Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 42.87%.

Mos Food Services Operating Income Historical Data

The historical data trend for Mos Food Services'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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Mos Food Services Operating Income Chart

Mos Food Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Operating Income

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1,061.00

1,422.00

3,474.00

41.00

4,185.00

Mos Food Services Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Operating Income	Get a 7-Day Free Trial															1,171.00	646.00	991.00	1,720.00	1,467.00

Mos Food Services 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4,824 Mil.

Mos Food Services (TSE:8153) Operating Income Explanation

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

Mos Food Services'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 )
=	6880 * ( 1 - 30.96% )	/	( (0	+	45264)	/ 1 )
=	4749.952	/	45264
=	10.49 %

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	))
=	80817	-	12652	-	( 23569	-	max(0, 18856	-	41757	+	23569	))
=	45264

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

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

Mos Food Services'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 )
=	5548	/	( ( (0 + max(0, 0))	+	(12942 + max(-2798, 0)) )	/	1 )
=	5548	/	( ( 0	+	12942 )	/	1 )
=	5548	/	12942
=	42.87 %

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)
=	(7509	+	5571	+	385)	-	(12652	+	0	+	3611)
=	-2798

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 %:

Mos Food Services'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 )
	=	1720	/	25067
	=	6.86 %

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.

Mos Food Services Operating Income Related Terms

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Mos Food Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Mos Food Services Inc (TSE:8153) » Definitions » Operating Income

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Traded in Other Exchanges

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Address

4F ThinkPark Tower, 2-1-1 Osaki, Shinagawa-ku, Tokyo, JPN, 141-6004

Website

https://www.mos.co.jp

Mos Food Services Inc primarily operates and franchises Mos Burger Japanese fast-food hamburger restaurants. The company has nearly 1,500 Mos Burger restaurants in Japan and more than 300 Mos Burger locations in eight other Asia-Pacific countries, mostly in Taiwan. Mos Burger restaurants generate more than 90% of Mos Food Service's total revenue. The company's remaining revenue stems from its fewer than 100 restaurants operating under other brand names, including Mother Leaf, Mosdo, Green Grill, Chef's V, and AEN.

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