GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tatry Mountain Resorts AS (XPRA:TMR) » Definitions » Operating Income

Tatry Mountain Resorts AS (XPRA:TMR) Operating Income : Kč754 Mil (TTM As of Apr. 2024)


View and export this data going back to 2012. Start your Free Trial

What is Tatry Mountain Resorts AS Operating Income?

Tatry Mountain Resorts AS's Operating Income for the six months ended in Apr. 2024 was Kč807 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2024 was Kč754 Mil.

Warning Sign:

Tatry Mountain Resorts AS 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. Tatry Mountain Resorts AS's Operating Income for the six months ended in Apr. 2024 was Kč807 Mil. Tatry Mountain Resorts AS's Revenue for the six months ended in Apr. 2024 was Kč3,204 Mil. Therefore, Tatry Mountain Resorts AS's Operating Margin % for the quarter that ended in Apr. 2024 was 25.19%.

Tatry Mountain Resorts AS'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. Tatry Mountain Resorts AS's annualized ROC % for the quarter that ended in Apr. 2024 was 9.77%. Tatry Mountain Resorts AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2024 was 15.17%.


Tatry Mountain Resorts AS Operating Income Historical Data

The historical data trend for Tatry Mountain Resorts AS'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.

Tatry Mountain Resorts AS Operating Income Chart

Tatry Mountain Resorts AS Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 354.82 196.34 -517.19 6.00 626.60

Tatry Mountain Resorts AS Semi-Annual Data
Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24
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 118.09 -113.10 647.70 -52.55 806.97

Tatry Mountain Resorts AS 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 Apr. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was Kč754 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.


Tatry Mountain Resorts AS  (XPRA:TMR) Operating Income Explanation

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

Tatry Mountain Resorts AS's annualized ROC % for the quarter that ended in Apr. 2024 is calculated as:

ROC % (Q: Apr. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2023 ) + Invested Capital (Q: Apr. 2024 ))/ count )
=1613.932 * ( 1 - -0.59% )/( (16631.812 + 16611.548)/ 2 )
=1623.4541988/16621.68
=9.77 %

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))
=14246.521 - 656.983 - ( 436.661 - max(0, 4116.108 - 1073.834+436.661))
=16631.812

Invested Capital(Q: Apr. 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))
=14345.966 - 418.914 - ( 361.842 - max(0, 3675.998 - 991.502+361.842))
=16611.548

Note: The Operating Income data used here is two times the semi-annual (Apr. 2024) data.

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

Tatry Mountain Resorts AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Apr. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1777.97/( ( (11639.974 + max(-786.289, 0)) + (11796.567 + max(-319.152, 0)) )/ 2 )
=1777.97/( ( 11639.974 + 11796.567 )/ 2 )
=1777.97/11718.2705
=15.17 %

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)
=(136.091 + 232.783 + 146.144) - (656.983 + 0 + 644.324)
=-786.289

Working Capital(Q: Apr. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(92.457 + 239.206 + 211.328) - (418.914 + 0 + 443.229)
=-319.152

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Apr. 2024) EBIT data.

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

Tatry Mountain Resorts AS's Operating Margin % for the quarter that ended in Apr. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Apr. 2024 )/Revenue (Q: Apr. 2024 )
=806.966/3203.703
=25.19 %

* 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.


Tatry Mountain Resorts AS Operating Income Related Terms

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


Tatry Mountain Resorts AS Business Description

Traded in Other Exchanges
Address
Demanovska Dolina 72, Liptovsky Mikulas, SVK, 031 01
Tatry Mountain Resorts AS is engaged in the operation of mountain resorts and amusement parks and the provision of tourist services in Central and Eastern Europe with a portfolio including the mountain resorts, amusement parks, golf resorts and hotels in the region. The company's business is divided into seven main segments - Mountains Resorts; Leisure Parks; Golf; Dining; Sports Services and Stores; Hotels; and Real Estate. The company owns or leases and operates mountain resorts in the High and Low Tatras, the Czech Republic, the Polish Beskydy Mountains and, most recently, Austria. The company also offers comprehensive additional services in resorts, such as restaurants, ski schools, sports shops and rental and service of ski equipment.

Tatry Mountain Resorts AS Headlines

No Headlines