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Trusco Nakayama (TSE:9830) Operating Income : 円20,832 Mil (TTM As of Dec. 2024)


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What is Trusco Nakayama Operating Income?

Trusco Nakayama's Operating Income for the three months ended in Dec. 2024 was 円5,710 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was 円20,832 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Trusco Nakayama's Operating Income for the three months ended in Dec. 2024 was 円5,710 Mil. Trusco Nakayama's Revenue for the three months ended in Dec. 2024 was 円78,641 Mil. Therefore, Trusco Nakayama's Operating Margin % for the quarter that ended in Dec. 2024 was 7.26%.

Good Sign:

Trusco Nakayama Corp operating margin is expanding. Margin expansion is usually a good sign.

Trusco Nakayama's 5-Year average Growth Rate for Operating Margin % was 3.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Trusco Nakayama's annualized ROC % for the quarter that ended in Dec. 2024 was 9.15%. Trusco Nakayama's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 13.18%.


Trusco Nakayama Operating Income Historical Data

The historical data trend for Trusco Nakayama'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.

Trusco Nakayama Operating Income Chart

Trusco Nakayama Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11,021.00 13,001.00 14,670.00 18,523.00 19,984.00

Trusco Nakayama Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 5,001.00 4,856.00 4,417.00 5,710.00 5,849.00

Trusco Nakayama 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円20,832 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.


Trusco Nakayama  (TSE:9830) Operating Income Explanation

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

Trusco Nakayama's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=22840 * ( 1 - 23.03% )/( (189451 + 194768)/ 2 )
=17579.948/192109.5
=9.15 %

where

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

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

Trusco Nakayama's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=23672/( ( (115264 + max(61147, 0)) + (123171 + max(59683, 0)) )/ 2 )
=23672/( ( 176411 + 182854 )/ 2 )
=23672/179632.5
=13.18 %

where Working Capital is:

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(33973 + 55182 + 3451) - (27635 + 0 + 3824)
=61147

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(37484 + 55366 + 3769) - (34170 + 0 + 2766)
=59683

When net working capital is negative, 0 is used.

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

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

Trusco Nakayama's Operating Margin % for the quarter that ended in Dec. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2024 )/Revenue (Q: Dec. 2024 )
=5710/78641
=7.26 %

* 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.


Trusco Nakayama Operating Income Related Terms

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Trusco Nakayama Business Description

Traded in Other Exchanges
N/A
Address
Trusco Harbor Bldg., 1-1-8, Shiba Daimon, Minato-ku, Tokyo, JPN
Trusco Nakayama Corp is a Japanese wholesaler of tools to the manufacturing industry. The company engages in the wholesale of machine tools, distribution of equipment and environmental safety equipment, consumables, and furniture and fixtures. The products are sold to machinery tools dealers, online shops, and home centers. End clients include manufacturers, general consumers, and construction-related businesses. The company sells its wholesale products primarily in Japan.

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