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Japan Ecosystem Co (TSE:9249) Operating Income : 円541 Mil (TTM As of Mar. 2024)


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What is Japan Ecosystem Co Operating Income?

Japan Ecosystem Co's Operating Income for the three months ended in Mar. 2024 was 円290 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was 円541 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Japan Ecosystem Co's Operating Income for the three months ended in Mar. 2024 was 円290 Mil. Japan Ecosystem Co's Revenue for the three months ended in Mar. 2024 was 円2,352 Mil. Therefore, Japan Ecosystem Co's Operating Margin % for the quarter that ended in Mar. 2024 was 12.32%.

Japan Ecosystem 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 Ecosystem Co's annualized ROC % for the quarter that ended in Mar. 2024 was 8.90%. Japan Ecosystem Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 25.37%.


Japan Ecosystem Co Operating Income Historical Data

The historical data trend for Japan Ecosystem 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.

Japan Ecosystem Co Operating Income Chart

Japan Ecosystem Co Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23
Operating Income
477.66 411.92 770.67 798.83 635.74

Japan Ecosystem Co Quarterly Data
Sep19 Sep20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 225.42 101.97 71.02 78.47 289.74

Japan Ecosystem 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円541 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.


Japan Ecosystem Co  (TSE:9249) Operating Income Explanation

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

Japan Ecosystem Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=1158.956 * ( 1 - 46.78% )/( (6894.917 + 6960.167)/ 2 )
=616.7963832/6927.542
=8.90 %

where

Invested Capital(Q: Dec. 2023 )
=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))
=8441.944 - 403.541 - ( 1966.787 - max(0, 2569.851 - 3713.337+1966.787))
=6894.917

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))
=9463.362 - 703.401 - ( 2582.224 - max(0, 2865.635 - 4665.429+2582.224))
=6960.167

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

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

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

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1126.628/( ( (3966.295 + max(439.357, 0)) + (3972.036 + max(504.003, 0)) )/ 2 )
=1126.628/( ( 4405.652 + 4476.039 )/ 2 )
=1126.628/4440.8455
=25.37 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1196.925 + 418.202 + 131.423) - (403.541 + 0 + 903.652)
=439.357

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1487.561 + 424.029 + 171.615) - (703.401 + 0 + 875.801)
=504.003

When net working capital is negative, 0 is used.

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

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

Japan Ecosystem Co's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=289.739/2351.748
=12.32 %

* 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.


Japan Ecosystem Co Operating Income Related Terms

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Japan Ecosystem Co Business Description

Traded in Other Exchanges
N/A
Address
2-2-11 Honmachi, JES Ichinomiya Building, Ichinomiya-shi, Aichi, Ichinomiya, JPN, 491-0859
Japan Ecosystem Co Ltd is engaged in the Environmental Business, Public Service Business, Transportation Infrastructure Business and other business. Under the Environmental Business the company enhances the efficiency of wastewater purification; Public service business includes designs,production,sale,installation and maintenance of totalizator system in public competition stadiums; the Transportation Infrastructure Business focuses on engineering of highway such as structure inspection,maintenance of telecommunication facilities and traffic control; and other business includes the system maintenance business, business related to the provision of ICT solutions utilizing AI technology, and real estate brokerage, sales, leasing, and other real estate related businesses.

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