PTS Plast-Box (WAR:PLX) Operating Income : zł15.7 Mil (TTM As of Sep. 2021)

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What is PTS Plast-Box Operating Income?

PTS Plast-Box's Operating Income for the three months ended in Sep. 2021 was zł3.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2021 was zł15.7 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. PTS Plast-Box's Operating Income for the three months ended in Sep. 2021 was zł3.4 Mil. PTS Plast-Box's Revenue for the three months ended in Sep. 2021 was zł73.1 Mil. Therefore, PTS Plast-Box's Operating Margin % for the quarter that ended in Sep. 2021 was 4.59%.

PTS Plast-Box'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. PTS Plast-Box's annualized ROC % for the quarter that ended in Sep. 2021 was 5.40%. PTS Plast-Box's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was 10.70%.

PTS Plast-Box Operating Income Historical Data

The historical data trend for PTS Plast-Box'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.

PTS Plast-Box Operating Income Chart

PTS Plast-Box Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Operating Income

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14.90

9.78

3.63

11.97

23.64

PTS Plast-Box Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Operating Income	Get a 7-Day Free Trial															8.85	4.84	3.96	3.54	3.36

PTS Plast-Box 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was zł15.7 Mil.

PTS Plast-Box (WAR:PLX) Operating Income Explanation

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

PTS Plast-Box's annualized ROC % for the quarter that ended in Sep. 2021 is calculated as:

	ROC % (Q: Sep. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2021 )	+	Invested Capital (Q: Sep. 2021 ))	/ count )
=	13.424 * ( 1 - 21.86% )	/	( (190.721	+	197.789)	/ 2 )
=	10.4895136	/	194.255
=	5.40 %

where

	Invested Capital		(Q: Jun. 2021 )
=	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	))
=	255.588	-	56.301	-	( 8.566	-	max(0, 100.029	-	114.89	+	8.566	))
=	190.721

	Invested Capital		(Q: Sep. 2021 )
=	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	))
=	263.72	-	56.302	-	( 9.629	-	max(0, 104.795	-	120.88	+	9.629	))
=	197.789

Note: The Operating Income data used here is four times the quarterly (Sep. 2021) data.

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

PTS Plast-Box's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2021		Q: Sep. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	17.596	/	( ( (121.226 + max(41.027, 0))	+	(123.471 + max(43.281, 0)) )	/	2 )
=	17.596	/	( ( 162.253	+	166.752 )	/	2 )
=	17.596	/	164.5025
=	10.70 %

where Working Capital is:

	Working Capital		(Q: Jun. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(60.556	+	43.586	+	2.182)	-	(56.301	+	0	+	8.996)
=	41.027

	Working Capital		(Q: Sep. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(57.713	+	49.966	+	3.572)	-	(56.302	+	0	+	11.668)
=	43.281

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2021) EBIT data.

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

PTS Plast-Box's Operating Margin % for the quarter that ended in Sep. 2021 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2021 )	/	Revenue (Q: Sep. 2021 )
	=	3.356	/	73.108
	=	4.59 %

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.

PTS Plast-Box Operating Income Related Terms

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PTS Plast-Box (WAR:PLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » PTS Plast-Box SA (WAR:PLX) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Lutoslawskiego 17a, Slupsk, POL, 76-200

Website

http://www.plast-box.com

PTS Plast-Box SA is engaged in designing and manufacturing of plastic packaging. It supplies containers and technologically advanced buckets. The product offerings of the company include Round Buckets, Rectangular Buckets and Oval Bucket.