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ASTM SpA (ASTM SpA) Operating Margin % : 14.58% (As of Dec. 2021)


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What is ASTM SpA Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. ASTM SpA's Operating Income for the six months ended in Dec. 2021 was $290 Mil. ASTM SpA's Revenue for the six months ended in Dec. 2021 was $1,990 Mil. Therefore, ASTM SpA's Operating Margin % for the quarter that ended in Dec. 2021 was 14.58%.

Warning Sign:

ASTM SpA operating margin has been in a 5-year decline. The average rate of decline per year is -12.5%.

The historical rank and industry rank for ASTM SpA's Operating Margin % or its related term are showing as below:

ADARY' s Operating Margin % Range Over the Past 10 Years
Min: 11.28   Med: 22.08   Max: 25.28
Current: 13.52


ADARY's Operating Margin % is not ranked
in the Construction industry.
Industry Median: 5.08 vs ADARY: 13.52

ASTM SpA's 5-Year Average Operating Margin % Growth Rate was -12.50% per year.

ASTM SpA's Operating Income for the six months ended in Dec. 2021 was $290 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2021 was $506 Mil.


ASTM SpA Operating Margin % Historical Data

The historical data trend for ASTM SpA's Operating Margin % 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.

ASTM SpA Operating Margin % Chart

ASTM SpA Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.77 22.05 14.80 11.28 13.52

ASTM SpA Semi-Annual Data
Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21
Operating Margin % 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 12.03 7.58 13.96 12.25 14.58

Competitive Comparison of ASTM SpA's Operating Margin %

For the Engineering & Construction subindustry, ASTM SpA's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ASTM SpA's Operating Margin % Distribution in the Construction Industry

For the Construction industry and Industrials sector, ASTM SpA's Operating Margin % distribution charts can be found below:

* The bar in red indicates where ASTM SpA's Operating Margin % falls into.



ASTM SpA Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

ASTM SpA's Operating Margin % for the fiscal year that ended in Dec. 2021 is calculated as

Operating Margin %=Operating Income (A: Dec. 2021 ) / Revenue (A: Dec. 2021 )
=492.53 / 3641.732
=13.52 %

ASTM SpA'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 )
=290.24 / 1990.44
=14.58 %

* 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.


ASTM SpA  (OTCPK:ADARY) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

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 (Diluted) 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.


ASTM SpA Operating Margin % Related Terms

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ASTM SpA (ASTM SpA) Business Description

Traded in Other Exchanges
N/A
Address
Corso Regina Margherita, 165, Turin, ITA, 10144
ASTM SpA is an industrial holding company that manages licensed motorways, large infrastructure works, and construction projects. It designs, develops, and maintains roads, airports, and other infrastructure projects. The company works as a contractor and helps establish new project finance initiatives. ASTM is organized into two main segments. The Motorway Sector operations collects revenue from completed road works through tolls. These are generally multi-decade concessions with municipal governments. The vast majority of these are in Italy and Brazil. The Engineering, Procurement, and Construction (EPC) segment provides design and construction services to infrastructure and civil projects across the globe.

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