Elektrokrajina AD (XBLB:EKBL-R-A) Operating Income: BAM4.3 Mil (TTM As of Dec. 2023)

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Director of Data and Quant Analytics at GuruFocus
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What is Elektrokrajina AD Operating Income?

Elektrokrajina AD XBLB:EKBL-R-A Operating Income is BAM4.3 Mil as of Dec. 2023.

Elektrokrajina AD's Operating Income for the six months ended in Dec. 2023 was BAM4.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was BAM4.3 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Elektrokrajina AD's Operating Income for the six months ended in Dec. 2023 was BAM4.3 Mil. Elektrokrajina AD's Revenue for the six months ended in Dec. 2023 was BAM150.0 Mil. Therefore, Elektrokrajina AD's Operating Margin % for the quarter that ended in Dec. 2023 was 2.88%.

Elektrokrajina AD'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. Elektrokrajina AD's annualized ROC % for the quarter that ended in Dec. 2023 was 0.86%. Elektrokrajina AD's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.62%.

Elektrokrajina AD  (XBLB:EKBL-R-A) Operating Income Explanation

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

Elektrokrajina AD's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=4.32 * ( 1 - 0% )/( (497.865 + 501.377)/ 2 )
=4.32/499.621
=0.86 %

where

Invested Capital(Q: Dec. 2022 )
=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))
=508.801 - 140.714 - ( 0.134 - max(0, 165.849 - 36.071+0.134))
=497.865

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))
=510.075 - 152.99 - ( 0.078 - max(0, 173.931 - 29.639+0.078))
=501.377

Note: The Operating Income data used here is one times the annual (Dec. 2023) data.

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

Elektrokrajina AD's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2.847/( ( (454.152 + max(-115.527, 0)) + (460.245 + max(-133.507, 0)) )/ 2 )
=2.847/( ( 454.152 + 460.245 )/ 2 )
=2.847/457.1985
=0.62 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(23.3 + 11.951 + 0.104) - (140.714 + 0 + 10.168)
=-115.527

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(14.708 + 14.401 + 0.067) - (152.99 + 0 + 9.693)
=-133.507

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

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

Elektrokrajina AD's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=4.32/149.98
=2.88 %

* 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.

Elektrokrajina AD Operating Income Related Terms

Elektrokrajina AD Operating Income Historical Data

* Premium members only.

The historical data trend for Elektrokrajina AD'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.

Elektrokrajina AD Operating Income Chart

Elektrokrajina AD Annual Data
Trend Dec17 Dec18 Dec19 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial 2.15 -2.92 0.00 -2.78 4.32

Elektrokrajina AD Semi-Annual Data
Dec17 Dec18 Dec19 Dec21 Dec22 Dec23
Operating Income Get a 7-Day Free Trial 2.15 -2.92 0.00 -2.78 4.32

Elektrokrajina AD 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was BAM4.3 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of BAM4.3 Mil mean?
Elektrokrajina AD (XBLB:EKBL-R-A) has a Operating Income of BAM4.3 Mil as of Dec. 2023. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Elektrokrajina AD and its competitors.
Is Elektrokrajina AD's Operating Income too high?
Elektrokrajina AD's current Operating Income is BAM4.3 Mil.
How does Elektrokrajina AD's Operating Income compare to NEE and SO?
Elektrokrajina AD's Operating Income of BAM4.3 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Utilities - Regulated company?
A good Operating Income depends on the Utilities - Regulated industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Elektrokrajina AD and its competitors. Elektrokrajina AD's current Operating Income is BAM4.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elektrokrajina AD stock overvalued right now?
Elektrokrajina AD (XBLB:EKBL-R-A) has a current Operating Income of BAM4.3 Mil. The current Operating Income is BAM4.3 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Elektrokrajina AD (XBLB:EKBL-R-A), the current Operating Income is BAM4.3 Mil as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Elektrokrajina AD Business Description

Address 95 Kralja Petra I Karayoryeviya Street, Banja Luka, BIH, 78000
Elektrokrajina AD is an electricity distribution company operating in Bosnia and Herzegovina. The activities of the company include distribution and supply of electricity and designing power facilities as well as building and maintaining them.