GURUFOCUS.COM » STOCK LIST » Technology » Software » SECUVE Co Ltd (XKRX:131090) » Definitions » Operating Income

SECUVE Co (XKRX:131090) Operating Income : ₩4,550 Mil (TTM As of Mar. 2024)


View and export this data going back to 2011. Start your Free Trial

What is SECUVE Co Operating Income?

SECUVE Co's Operating Income for the three months ended in Mar. 2024 was ₩-71 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was ₩4,550 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. SECUVE Co's Operating Income for the three months ended in Mar. 2024 was ₩-71 Mil. SECUVE Co's Revenue for the three months ended in Mar. 2024 was ₩1,853 Mil. Therefore, SECUVE Co's Operating Margin % for the quarter that ended in Mar. 2024 was -3.85%.

Good Sign:

SECUVE Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

SECUVE Co's 5-Year average Growth Rate for Operating Margin % was 14.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SECUVE Co's annualized ROC % for the quarter that ended in Mar. 2024 was -3.08%. SECUVE Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -5.65%.


SECUVE Co Operating Income Historical Data

The historical data trend for SECUVE Co'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.

SECUVE Co Operating Income Chart

SECUVE Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,050.03 3,408.29 5,497.87 5,304.37 4,453.12

SECUVE Co 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 -168.18 502.57 1,266.61 2,852.13 -71.31

SECUVE Co 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 ₩4,550 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.


SECUVE Co  (XKRX:131090) Operating Income Explanation

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

SECUVE Co'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 )
=-285.244 * ( 1 - 14.93% )/( (7633.942 + 8126.478)/ 2 )
=-242.6570708/7880.21
=-3.08 %

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))
=48914.949 - 2120.26 - ( 39160.747 - max(0, 3569.597 - 43304.23+39160.747))
=7633.942

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))
=48155.526 - 1053.999 - ( 40086.815 - max(0, 3660.213 - 42635.262+40086.815))
=8126.478

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

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

SECUVE Co'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 )
=-285.244/( ( (5099.566 + max(-469.212, 0)) + (5004.721 + max(-2338.276, 0)) )/ 2 )
=-285.244/( ( 5099.566 + 5004.721 )/ 2 )
=-285.244/5052.1435
=-5.65 %

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)
=(2978.214 + 1.492 + 64.754000000001) - (2120.26 + 0 + 1393.412)
=-469.212

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1199.523 + 1.47 + 65.786999999997) - (1053.999 + 0 + 2551.057)
=-2338.276

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 %:

SECUVE Co'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 )
=-71.311/1853.237
=-3.85 %

* 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.


SECUVE Co Operating Income Related Terms

Thank you for viewing the detailed overview of SECUVE Co's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.


SECUVE Co (XKRX:131090) Business Description

Traded in Other Exchanges
N/A
Address
1010, Samsung IT Valley, 197-5, Guro 3(sam)-dong, Guro-gu, Seoul, KOR, 152-848
SECUVE Co Ltd commercialized Secure OS technology for the first time in Korea and is first in terms of market share in the industry as an information protection total solution company. The company also provides iGRIFFIN, an identity and access management solution for consolidated account management and access control; and LogGRIFFIN, a big data analysis and log management solution.

SECUVE Co (XKRX:131090) Headlines

No Headlines