Fraser & Neave Holdings Bhd (XKLS:3689) Operating Income : RM709 Mil (TTM As of Mar. 2024)

View and export this data going back to 1970. Start your Free Trial

What is Fraser & Neave Holdings Bhd Operating Income?

Fraser & Neave Holdings Bhd's Operating Income for the three months ended in Mar. 2024 was RM207 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was RM709 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fraser & Neave Holdings Bhd's Operating Income for the three months ended in Mar. 2024 was RM207 Mil. Fraser & Neave Holdings Bhd's Revenue for the three months ended in Mar. 2024 was RM1,352 Mil. Therefore, Fraser & Neave Holdings Bhd's Operating Margin % for the quarter that ended in Mar. 2024 was 15.30%.

Good Sign:

Fraser & Neave Holdings Bhd operating margin is expanding. Margin expansion is usually a good sign.

Fraser & Neave Holdings Bhd's 5-Year average Growth Rate for Operating Margin % was 0.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fraser & Neave Holdings Bhd's annualized ROC % for the quarter that ended in Mar. 2024 was 19.42%. Fraser & Neave Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 31.69%.

Fraser & Neave Holdings Bhd Operating Income Historical Data

The historical data trend for Fraser & Neave Holdings 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.

Fraser & Neave Holdings Bhd Operating Income Chart

Fraser & Neave Holdings Bhd Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Operating Income

Get a 7-Day Free Trial

515.30

501.90

473.42

450.34

644.38

Fraser & Neave Holdings 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															126.45	125.86	167.34	209.29	206.89

Fraser & Neave Holdings 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 RM709 Mil.

Fraser & Neave Holdings Bhd (XKLS:3689) Operating Income Explanation

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

Fraser & Neave Holdings 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 )
=	827.564 * ( 1 - 18.92% )	/	( (3416.473	+	3492.879)	/ 2 )
=	670.9888912	/	3454.676
=	19.42 %

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	))
=	5445.286	-	848.86	-	( 1179.953	-	max(0, 964.231	-	2823.481	+	1179.953	))
=	3416.473

	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	))
=	5438.441	-	877.827	-	( 1067.735	-	max(0, 1010.708	-	2808.468	+	1067.735	))
=	3492.879

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

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

Fraser & Neave Holdings 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 )
=	853.316	/	( ( (1971.318 + max(691.137, 0))	+	(1980.573 + max(742.535, 0)) )	/	2 )
=	853.316	/	( ( 2662.455	+	2723.108 )	/	2 )
=	853.316	/	2692.7815
=	31.69 %

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)
=	(821.59	+	821.745	+	0.19300000000021)	-	(848.86	+	0	+	103.531)
=	691.137

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(896.436	+	844.04	+	0.25699999999961)	-	(877.827	+	0	+	120.371)
=	742.535

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 %:

Fraser & Neave Holdings 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 )
	=	206.891	/	1352.385
	=	15.30 %

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.

Fraser & Neave Holdings Bhd Operating Income Related Terms

Thank you for viewing the detailed overview of Fraser & Neave Holdings Bhd's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Fraser & Neave Holdings Bhd (XKLS:3689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Fraser & Neave Holdings Bhd (XKLS:3689) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Jalan Bukit Belimbing 26/38, Persiaran Kuala Selangor, Seksyen 26, Shah Alam, SGR, MYS, 40400

Website

https://www.fn.com.my

Fraser & Neave Holdings Bhd manufactures and sells canned milk, both condensed and evaporated, and other dairy products and soft drinks. The company manufactures its products in Malaysia and Thailand, and operates through four main segments: F&B Malaysia, F&B Thailand, Property and Others. F&B Malaysia and F&B Thailand manufacture both soft drinks and dairies. Fraser & Neave's core soft drink brands include 100PLUS, F&N Fun Flavours, F&N NutriSoy, F&N SEASONS, and F&N ICE MOUNTAIN. Its dairy brands include Carnation, Magnolia, Teapot, Farmhouse, Gold Coin, and F&N Fruit Tree. The company derives majority of its revenue from South East Asia.

Fraser & Neave Holdings Bhd (XKLS:3689) Headlines

No Headlines