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Berjaya Assets Bhd (XKLS:3239) Operating Income : RM45.9 Mil (TTM As of Mar. 2024)


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What is Berjaya Assets Bhd Operating Income?

Berjaya Assets Bhd's Operating Income for the three months ended in Mar. 2024 was RM12.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was RM45.9 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Berjaya Assets Bhd's Operating Income for the three months ended in Mar. 2024 was RM12.0 Mil. Berjaya Assets Bhd's Revenue for the three months ended in Mar. 2024 was RM63.5 Mil. Therefore, Berjaya Assets Bhd's Operating Margin % for the quarter that ended in Mar. 2024 was 18.83%.

Good Sign:

Berjaya Assets Bhd operating margin is expanding. Margin expansion is usually a good sign.

Berjaya Assets Bhd's 5-Year average Growth Rate for Operating Margin % was 0.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Berjaya Assets Bhd's annualized ROC % for the quarter that ended in Mar. 2024 was -0.07%. Berjaya Assets Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 13.23%.


Berjaya Assets Bhd Operating Income Historical Data

The historical data trend for Berjaya Assets Bhd'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.

Berjaya Assets Bhd Operating Income Chart

Berjaya Assets Bhd Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.14 53.96 5.25 16.45 45.09

Berjaya Assets Bhd Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.94 10.93 12.89 10.09 11.95

Berjaya Assets Bhd 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 RM45.9 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.


Berjaya Assets Bhd  (XKLS:3239) Operating Income Explanation

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

Berjaya Assets Bhd'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 )
=47.808 * ( 1 - 104.14% )/( (2835.453 + 2838.478)/ 2 )
=-1.9792512/2836.9655
=-0.07 %

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))
=3102.575 - 213.073 - ( 54.049 - max(0, 350.064 - 569.677+54.049))
=2835.453

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))
=3119.342 - 230.341 - ( 50.523 - max(0, 366.663 - 579.329+50.523))
=2838.478

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

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

Berjaya Assets Bhd'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 )
=70.496/( ( (233.007 + max(302.482, 0)) + (232.121 + max(298.392, 0)) )/ 2 )
=70.496/( ( 535.489 + 530.513 )/ 2 )
=70.496/533.001
=13.23 %

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)
=(35.954 + 228.007 + 251.667) - (213.073 + 0 + 0.073000000000036)
=302.482

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(37.603 + 234.643 + 256.56) - (230.341 + 0 + 0.072999999999979)
=298.392

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 %:

Berjaya Assets Bhd'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 )
=11.952/63.466
=18.83 %

* 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.


Berjaya Assets Bhd Operating Income Related Terms

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Berjaya Assets Bhd (XKLS:3239) Business Description

Traded in Other Exchanges
N/A
Address
Level 12, Berjaya Times Square, No. 1 Jalan Imbi, Kuala Lumpur, SGR, MYS, 55100
Berjaya Assets Bhd is an investment holding company. The company's business segments are gaming and related activities, Property development and property investment, and Recreation and others. Group operates various forecast lotteries in Sarawak, as well as provides lottery consultancy and related services. It is also involved in the investment and development of properties; operation of a hotel, theme park, and car park; management of a ferry terminal; and leasing of a theatre, as well as general trading and provision of commission agency services. Business activity of Berjaya is predominantly functioned through Malaysia. The company generates maximum revenue from Property development and property investment segment.

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