Delice Holding (XTUN:DH) Operating Income: TND86 Mil (TTM As of Dec. 2021)

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XTUN:DH Delice Holding SA XTUN:DH
26 GF Score
Price TND20.00
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What is Delice Holding Operating Income?

Delice Holding XTUN:DH +2.56% 26 Operating Income is TND86 Mil as of Dec. 2021. GuruFocus rates XTUN:DH with a GF Score™ of 26/100.

Delice Holding's Operating Income for the six months ended in Dec. 2021 was TND86 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2021 was TND86 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Delice Holding's Operating Income for the six months ended in Dec. 2021 was TND86 Mil. Delice Holding's Revenue for the six months ended in Dec. 2021 was TND1,027 Mil. Therefore, Delice Holding's Operating Margin % for the quarter that ended in Dec. 2021 was 8.34%.

Delice Holding'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. Delice Holding's annualized ROC % for the quarter that ended in Dec. 2021 was 16.57%. Delice Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was 26.67%.

Delice Holding  (XTUN:DH) Operating Income Explanation

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

Delice Holding's annualized ROC % for the quarter that ended in Dec. 2021 is calculated as:

ROC % (Q: Dec. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2020 ) + Invested Capital (Q: Dec. 2021 ))/ count )
=85.638 * ( 1 - 9.73% )/( (463.318 + 469.485)/ 2 )
=77.3054226/466.4015
=16.57 %

where

Invested Capital(Q: Dec. 2020 )
=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))
=671.94 - 143.557 - ( 65.065 - max(0, 246.761 - 342.425+65.065))
=463.318

Invested Capital(Q: Dec. 2021 )
=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))
=708.409 - 157.345 - ( 81.579 - max(0, 241.287 - 395.11+81.579))
=469.485

Note: The Operating Income data used here is one times the annual (Dec. 2021) data.

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

Delice Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2020  Q: Dec. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=89.317/( ( (321.071 + max(37.22, 0)) + (303.821 + max(7.565, 0)) )/ 2 )
=89.317/( ( 358.291 + 311.386 )/ 2 )
=89.317/334.8385
=26.67 %

where Working Capital is:

Working Capital(Q: Dec. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(28.804 + 144.344 + 39.858) - (143.557 + 0 + 32.229)
=37.22

Working Capital(Q: Dec. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.069 + 126.828 + 36.181) - (157.345 + 0 + 33.168)
=7.565

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2021) EBIT data.

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

Delice Holding's Operating Margin % for the quarter that ended in Dec. 2021 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2021 )/Revenue (Q: Dec. 2021 )
=85.638/1026.837
=8.34 %

* 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.

Delice Holding Operating Income Related Terms

Delice Holding Operating Income Historical Data

* Premium members only.

The historical data trend for Delice Holding'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.

Delice Holding Operating Income Chart

Delice Holding Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Operating Income
Get a 7-Day Free Trial Premium Member Only 59.65 48.96 61.84 85.72 85.64

Delice Holding Semi-Annual Data
Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Operating Income Get a 7-Day Free Trial Premium Member Only 59.65 48.96 61.84 85.72 85.64
XTUN:DH
26GF Score
Delice Holding SA XTUN:DH
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Delice Holding 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Operating Income for the trailing twelve months (TTM) ended in Dec. 2021 was TND86 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 TND86 Mil mean?
Delice Holding (XTUN:DH) has a Operating Income of TND86 Mil as of Dec. 2021. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Delice Holding and its competitors.
Is Delice Holding's Operating Income too high?
Delice Holding's current Operating Income is TND86 Mil. Overall, Delice Holding has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Delice Holding's Operating Income compare to KHC and GIS?
Delice Holding's Operating Income of TND86 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods 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 Delice Holding and its competitors. Delice Holding's current Operating Income is TND86 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delice Holding stock overvalued right now?
Delice Holding (XTUN:DH) has a current Operating Income of TND86 Mil. The current Operating Income is TND86 Mil. Delice Holding's overall GF Score™ is 26/100. 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 Delice Holding (XTUN:DH), the current Operating Income is TND86 Mil as of Dec. 2021. 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.

Delice Holding Business Description

Address Immeuble le Dome, Rue Lac Leman, les Berges du Lac, Tunis, TUN, 1053
Delice Holding SA through its subsidiaries is engaged in manufacturing, packaging and marketing of milk and milk products except yoghurt and drinks. It also processes milk and its derivatives and sells other food products.
26GF Score

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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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