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Apollo Food Holdings Bhd (XKLS:6432) Operating Income : RM41.4 Mil (TTM As of Jan. 2024)


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What is Apollo Food Holdings Bhd Operating Income?

Apollo Food Holdings Bhd's Operating Income for the three months ended in Jan. 2024 was RM13.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2024 was RM41.4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Apollo Food Holdings Bhd's Operating Income for the three months ended in Jan. 2024 was RM13.9 Mil. Apollo Food Holdings Bhd's Revenue for the three months ended in Jan. 2024 was RM73.9 Mil. Therefore, Apollo Food Holdings Bhd's Operating Margin % for the quarter that ended in Jan. 2024 was 18.84%.

Good Sign:

Apollo Food Holdings Bhd operating margin is expanding. Margin expansion is usually a good sign.

Apollo Food Holdings Bhd's 5-Year average Growth Rate for Operating Margin % was 8.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Apollo Food Holdings Bhd's annualized ROC % for the quarter that ended in Jan. 2024 was 39.14%. Apollo Food Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 47.42%.


Apollo Food Holdings Bhd Operating Income Historical Data

The historical data trend for Apollo Food 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.

Apollo Food Holdings Bhd Operating Income Chart

Apollo Food Holdings Bhd Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.72 15.63 15.72 9.56 35.99

Apollo Food Holdings Bhd Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 12.25 7.52 8.63 11.38 13.91

Apollo Food 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM41.4 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.


Apollo Food Holdings Bhd  (XKLS:6432) Operating Income Explanation

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

Apollo Food Holdings Bhd's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

ROC % (Q: Jan. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2023 ) + Invested Capital (Q: Jan. 2024 ))/ count )
=55.644 * ( 1 - 11.27% )/( (129.375 + 122.909)/ 2 )
=49.3729212/126.142
=39.14 %

where

Invested Capital(Q: Oct. 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))
=287.069 - 23.156 - ( 134.538 - max(0, 23.156 - 208.671+134.538))
=129.375

Invested Capital(Q: Jan. 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))
=281.44 - 14.926 - ( 143.605 - max(0, 14.926 - 204.657+143.605))
=122.909

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

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

Apollo Food Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=55.644/( ( (69.71 + max(50.977, 0)) + (67.882 + max(46.126, 0)) )/ 2 )
=55.644/( ( 120.687 + 114.008 )/ 2 )
=55.644/117.3475
=47.42 %

where Working Capital is:

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(36.72 + 25.133 + 12.28) - (23.156 + 0 + 0)
=50.977

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(39.301 + 21.751 + 2.8421709430404E-14) - (14.926 + 0 + 0)
=46.126

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

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

Apollo Food Holdings Bhd's Operating Margin % for the quarter that ended in Jan. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2024 )/Revenue (Q: Jan. 2024 )
=13.911/73.854
=18.84 %

* 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.


Apollo Food Holdings Bhd Operating Income Related Terms

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Apollo Food Holdings Bhd (XKLS:6432) Business Description

Traded in Other Exchanges
N/A
Address
No. 70, Jalan Langkasuka, Larkin Industrial Area, Johor Bahru, JHR, MYS, 80350
Apollo Food Holdings Bhd is engaged in investment holding and provision of management services. It is involved in the manufacturing of compound chocolate confectionery products and layer cakes. The company's operating segment includes Investment holding and Manufacturing, marketing and distribution. It generates maximum revenue from the Manufacturing, marketing and distribution segment. Geographically, it derives a majority of revenue from Malaysia and also has a presence in Asean and Others Countries.

Apollo Food Holdings Bhd (XKLS:6432) Headlines

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