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FM Global Logistics Holdings Bhd (XKLS:7210) Operating Income : RM42.5 Mil (TTM As of Dec. 2024)


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What is FM Global Logistics Holdings Bhd Operating Income?

FM Global Logistics Holdings Bhd's Operating Income for the three months ended in Dec. 2024 was RM15.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was RM42.5 Mil.

Warning Sign:

FM Global Logistics Holdings Bhd has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. FM Global Logistics Holdings Bhd's Operating Income for the three months ended in Dec. 2024 was RM15.4 Mil. FM Global Logistics Holdings Bhd's Revenue for the three months ended in Dec. 2024 was RM243.1 Mil. Therefore, FM Global Logistics Holdings Bhd's Operating Margin % for the quarter that ended in Dec. 2024 was 6.35%.

Good Sign:

FM Global Logistics Holdings Bhd operating margin is expanding. Margin expansion is usually a good sign.

FM Global Logistics Holdings Bhd's 5-Year average Growth Rate for Operating Margin % was 6.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FM Global Logistics Holdings Bhd's annualized ROC % for the quarter that ended in Dec. 2024 was 7.34%. FM Global Logistics Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 10.50%.


FM Global Logistics Holdings Bhd Operating Income Historical Data

The historical data trend for FM Global Logistics 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.

FM Global Logistics Holdings Bhd Operating Income Chart

FM Global Logistics Holdings Bhd Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.00 35.91 60.79 54.52 38.55

FM Global Logistics Holdings Bhd Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 13.02 14.47 -1.06 13.61 15.43

FM Global Logistics 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM42.5 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.


FM Global Logistics Holdings Bhd  (XKLS:7210) Operating Income Explanation

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

FM Global Logistics Holdings Bhd's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=61.724 * ( 1 - 23.86% )/( (638.611 + 641.643)/ 2 )
=46.9966536/640.127
=7.34 %

where

Invested Capital(Q: Sep. 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))
=852.291 - 133.277 - ( 80.403 - max(0, 231.833 - 345.04+80.403))
=638.611

Invested Capital(Q: Dec. 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))
=859.121 - 126.147 - ( 91.331 - max(0, 232.537 - 351.261+91.331))
=641.643

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

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

FM Global Logistics Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=63.3/( ( (469.983 + max(131.36, 0)) + (470.446 + max(133.783, 0)) )/ 2 )
=63.3/( ( 601.343 + 604.229 )/ 2 )
=63.3/602.786
=10.50 %

where Working Capital is:

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(263.374 + 0 + 1.263) - (133.277 + 0 + 2.8421709430404E-14)
=131.36

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(258.415 + 0 + 1.515) - (126.147 + 0 + 0)
=133.783

When net working capital is negative, 0 is used.

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

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

FM Global Logistics Holdings Bhd's Operating Margin % for the quarter that ended in Dec. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2024 )/Revenue (Q: Dec. 2024 )
=15.431/243.051
=6.35 %

* 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.


FM Global Logistics Holdings Bhd Operating Income Related Terms

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FM Global Logistics Holdings Bhd Business Description

Traded in Other Exchanges
N/A
Address
Kawasan Perindustrian Bandar Sultan Suleiman, Lot 37, Lebuh Sultan Mohamed 1, Port Klang, SGR, MYS, 42000
FM Global Logistics Holdings Bhd is a provider of international freight services. The company's segments include Malaysia, Australia, Indonesia, Thailand, Vietnam, India, and the United States of America, which are involved in providing integrated freight forwarding and logistics services such as sea freight, air freight, land freight, warehouse and distribution, and support services. The other operating segments comprise operations related to investment holding and provision of management services, provision of IT application solutions, support services, and trading of goods. The company derives maximum revenue from Malaysia.

FM Global Logistics Holdings Bhd Headlines

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