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NH All-One Reit (XKRX:400760) Operating Income : ₩12,404 Mil (TTM As of Sep. 2023)


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What is NH All-One Reit Operating Income?

NH All-One Reit's Operating Income for the six months ended in Sep. 2023 was ₩6,346 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was ₩12,404 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. NH All-One Reit's Operating Income for the six months ended in Sep. 2023 was ₩6,346 Mil. NH All-One Reit's Revenue for the six months ended in Sep. 2023 was ₩10,241 Mil. Therefore, NH All-One Reit's Operating Margin % for the quarter that ended in Sep. 2023 was 61.96%.

NH All-One Reit's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NH All-One Reit's annualized ROC % for the quarter that ended in Sep. 2023 was 1.68%. NH All-One Reit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 72.95%.


NH All-One Reit Operating Income Historical Data

The historical data trend for NH All-One Reit'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.

NH All-One Reit Operating Income Chart

NH All-One Reit Annual Data
Trend Jun20 Jun21 Jun22
Operating Income
5,153.32 8,773.23 8,720.39

NH All-One Reit Semi-Annual Data
Sep21 Mar22 Sep22 Mar23 Sep23
Operating Income 4,816.71 4,833.42 4,352.28 6,057.92 6,345.97

NH All-One Reit 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₩12,404 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.


NH All-One Reit  (XKRX:400760) Operating Income Explanation

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

NH All-One Reit's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=12691.932 * ( 1 - 0% )/( (810961.142 + 702288.568)/ 2 )
=12691.932/756624.855
=1.68 %

where

Invested Capital(Q: Mar. 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))
=694492.554 - 1113.056 - ( 23382.222 - max(0, 144681.569 - 27099.925+23382.222))
=810961.142

Invested Capital(Q: Sep. 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))
=692798.088 - 3868.22 - ( 23705.492 - max(0, 87975.04 - 74616.34+23705.492))
=702288.568

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

NH All-One Reit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=12976.494/( ( (0 + max(-8434.316, 0)) + (0 + max(35578.535, 0)) )/ 2 )
=12976.494/( ( 0 + 35578.535 )/ 2 )
=12976.494/17789.2675
=72.95 %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.003 + 0 + 635.205) - (1113.056 + 0 + 7956.468)
=-8434.316

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.853 + 0 + 47421.778) - (3868.22 + 0 + 7983.876)
=35578.535

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

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

NH All-One Reit's Operating Margin % for the quarter that ended in Sep. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2023 )/Revenue (Q: Sep. 2023 )
=6345.966/10241.303
=61.96 %

* 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.


NH All-One Reit Operating Income Related Terms

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NH All-One Reit (XKRX:400760) Business Description

Traded in Other Exchanges
N/A
Address
2, 5, Gukjegeumyung-Ro, Yeongdeungpo-Gu, Seoul, KOR
Website
NH All-One Reit is engaged in the real estate leasing and supply business.

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