Fashion Bel Air (XPAR:ALFBA) Operating Income: €-0.91 Mil (TTM As of Sep. 2023)

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XPAR:ALFBA Fashion Bel Air SA XPAR:ALFBA
4 GF Score
Price €0.03
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What is Fashion Bel Air Operating Income?

Fashion Bel Air XPAR:ALFBA 4 Operating Income is €-0.91 Mil as of Sep. 2023. GuruFocus rates XPAR:ALFBA with a GF Score™ of 4/100.

Fashion Bel Air's Operating Income for the six months ended in Sep. 2023 was €-0.91 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was €-0.91 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fashion Bel Air's Operating Income for the six months ended in Sep. 2023 was €-0.91 Mil. Fashion Bel Air's Revenue for the six months ended in Sep. 2023 was €1.77 Mil. Therefore, Fashion Bel Air's Operating Margin % for the quarter that ended in Sep. 2023 was -51.22%.

Fashion Bel Air'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. Fashion Bel Air's annualized ROC % for the quarter that ended in Sep. 2023 was -20.00%. Fashion Bel Air's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -233.59%.

Fashion Bel Air  (XPAR:ALFBA) Operating Income Explanation

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

Fashion Bel Air'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: Sep. 2022 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=-1.812 * ( 1 - 0% )/( (9.564 + 8.559)/ 2 )
=-1.812/9.0615
=-20.00 %

where

Invested Capital(Q: Sep. 2022 )
=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))
=14.11 - 2.788 - ( 1.758 - max(0, 3.21 - 6.191+1.758))
=9.564

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))
=10.977 - 2.338 - ( 0.08 - max(0, 2.76 - 3.03+0.08))
=8.559

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:

Fashion Bel Air'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: Sep. 2022  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.822/( ( (0.127 + max(1.111, 0)) + (0.154 + max(0.168, 0)) )/ 2 )
=-1.822/( ( 1.238 + 0.322 )/ 2 )
=-1.822/0.78
=-233.59 %

where Working Capital is:

Working Capital(Q: Sep. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.219 + 3.007 + 1.095) - (2.788 + 0 + 0.422)
=1.111

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.003 + 2.148 + 0.777) - (2.338 + 0 + 0.422)
=0.168

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 %:

Fashion Bel Air'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 )
=-0.906/1.769
=-51.22 %

* 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.

Fashion Bel Air Operating Income Related Terms

Fashion Bel Air Operating Income Historical Data

* Premium members only.

The historical data trend for Fashion Bel Air'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.

Fashion Bel Air Operating Income Chart

Fashion Bel Air Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar21 Mar22
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.08 -1.78 -3.44 -0.80 -2.57

Fashion Bel Air Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar21 Mar22 Sep22 Sep23
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 0.00 0.00 0.00 -1.00 -0.91
XPAR:ALFBA
4GF Score
Fashion Bel Air SA XPAR:ALFBA
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Fashion Bel Air 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 €-0.91 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of €-0.91 Mil mean?
Fashion Bel Air (XPAR:ALFBA) has a Operating Income of €-0.91 Mil as of Sep. 2023. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Fashion Bel Air and its competitors.
Is Fashion Bel Air's Operating Income too high?
Fashion Bel Air's current Operating Income is €-0.91 Mil. Overall, Fashion Bel Air has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Fashion Bel Air's Operating Income compare to TJX and LULU?
Fashion Bel Air's Operating Income of €-0.91 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Retail - Cyclical company?
A good Operating Income depends on the Retail - Cyclical industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Fashion Bel Air and its competitors. Fashion Bel Air's current Operating Income is €-0.91 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fashion Bel Air stock overvalued right now?
Fashion Bel Air (XPAR:ALFBA) has a current Operating Income of €-0.91 Mil. The current Operating Income is €-0.91 Mil. Fashion Bel Air's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Fashion Bel Air (XPAR:ALFBA), the current Operating Income is €-0.91 Mil as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Fashion Bel Air Business Description

Address 210 rue de Saint Denis, Paris, FRA, 75002
Fashion Bel Air SA is engaged in the business of manufacturing women's clothing in France.
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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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