GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Inaba Denkisangyo Co Ltd (TSE:9934) » Definitions » Operating Income

Inaba Denkisangyo Co (TSE:9934) Operating Income : 円23,350 Mil (TTM As of Sep. 2024)


View and export this data going back to 1996. Start your Free Trial

What is Inaba Denkisangyo Co Operating Income?

Inaba Denkisangyo Co's Operating Income for the three months ended in Sep. 2024 was 円6,400 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was 円23,350 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Inaba Denkisangyo Co's Operating Income for the three months ended in Sep. 2024 was 円6,400 Mil. Inaba Denkisangyo Co's Revenue for the three months ended in Sep. 2024 was 円97,616 Mil. Therefore, Inaba Denkisangyo Co's Operating Margin % for the quarter that ended in Sep. 2024 was 6.56%.

Good Sign:

Inaba Denkisangyo Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Inaba Denkisangyo Co's 5-Year average Growth Rate for Operating Margin % was 3.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Inaba Denkisangyo Co's annualized ROC % for the quarter that ended in Sep. 2024 was 14.44%. Inaba Denkisangyo Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 36.39%.


Inaba Denkisangyo Co Operating Income Historical Data

The historical data trend for Inaba Denkisangyo 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.

Inaba Denkisangyo Co Operating Income Chart

Inaba Denkisangyo Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16,111.00 15,455.00 16,262.00 18,641.00 21,323.00

Inaba Denkisangyo 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 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 5,348.00 5,220.00 6,304.00 5,426.00 6,400.00

Inaba Denkisangyo 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23,350 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.


Inaba Denkisangyo Co  (TSE:9934) Operating Income Explanation

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

Inaba Denkisangyo 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 )
=25600 * ( 1 - 31.73% )/( (0 + 121063)/ 1 )
=17477.12/121063
=14.44 %

where

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

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

Inaba Denkisangyo 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 )
=24468/( ( (0 + max(0, 0)) + (21522 + max(45714, 0)) )/ 1 )
=24468/( ( 0 + 67236 )/ 1 )
=24468/67236
=36.39 %

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)
=(62939 + 27634 + 34590) - (64724 + 0 + 14725)
=45714

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 %:

Inaba Denkisangyo 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 )
=6400/97616
=6.56 %

* 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.


Inaba Denkisangyo Co Operating Income Related Terms

Thank you for viewing the detailed overview of Inaba Denkisangyo Co's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Inaba Denkisangyo Co Business Description

Traded in Other Exchanges
N/A
Address
Nishi Ward 4-chome 11-14, Osaka, JPN, 550-0012
Inaba Denkisangyo Co Ltd is divided its business in Electrical equipment and materials, Industrial solutions and proprietary product divisions. Electrical equipment and materials division comprises products from light fittings, air conditioning systems, distribution panels for all types of buildings. Industrial solutions division consists of solutions for issues such as improving productivity, resource conservation, and space saving. Proprietary products division includes the development of in-house brands Inaba denko and Abaniact. It also develops products for eco-friendly lifestyles.

Inaba Denkisangyo Co Headlines

No Headlines