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CALBEE (CALBEE) Operating Margin % : 12.71% (As of Dec. 2023)


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What is CALBEE Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. CALBEE's Operating Income for the three months ended in Dec. 2023 was $71 Mil. CALBEE's Revenue for the three months ended in Dec. 2023 was $557 Mil. Therefore, CALBEE's Operating Margin % for the quarter that ended in Dec. 2023 was 12.71%.

Warning Sign:

CALBEE Inc operating margin has been in a 5-year decline. The average rate of decline per year is -4.7%.

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

CBCFF' s Operating Margin % Range Over the Past 10 Years
Min: 7.96   Med: 10.74   Max: 11.43
Current: 9.35


CBCFF's Operating Margin % is ranked better than
70.37% of 1856 companies
in the Consumer Packaged Goods industry
Industry Median: 4.85 vs CBCFF: 9.35

CALBEE's 5-Year Average Operating Margin % Growth Rate was -4.70% per year.

CALBEE's Operating Income for the three months ended in Dec. 2023 was $71 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $196 Mil.


CALBEE Operating Margin % Historical Data

The historical data trend for CALBEE'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.

CALBEE Operating Margin % Chart

CALBEE Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.84 10.81 10.15 10.24 7.96

CALBEE Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 10.38 5.89 9.90 8.48 12.71

Competitive Comparison of CALBEE's Operating Margin %

For the Packaged Foods subindustry, CALBEE'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.


CALBEE's Operating Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, CALBEE's Operating Margin % distribution charts can be found below:

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



CALBEE 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.

CALBEE's Operating Margin % for the fiscal year that ended in Mar. 2023 is calculated as

Operating Margin %=Operating Income (A: Mar. 2023 ) / Revenue (A: Mar. 2023 )
=166.335 / 2089.675
=7.96 %

CALBEE's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=70.856 / 557.488
=12.71 %

* 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.


CALBEE  (OTCPK:CBCFF) 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.


CALBEE Operating Margin % Related Terms

Thank you for viewing the detailed overview of CALBEE's Operating Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


CALBEE (CALBEE) Business Description

Traded in Other Exchanges
Address
1-8-3 Marunouchi, Chiyoda-ku, 22nd Floor, Marunouchi Trust Tower Main, Tokyo, JPN, 100-0005
Calbee, listed in 2011, is a leader in Japan's snack food industry with nearly 54% of the domestic market. Potato snacks, including chips and the company's original Jagarico and Jagabee potato strips, are a core strength, demonstrated by a dominant 71% share in potato chips. Growth in the Frugra brand, the best-selling cereal product with a 38% share in the domestic cereal market, is the latest growth driver in China. The overseas business, constituting 16% of group sales, has been undergoing restructuring since the partnership with Tingyi and PepsiCo unwound. Apart from China and the U.S., Indonesia and the U.K. are emerging as new growth drivers. Easing competition should end losses in Indonesia while the integration of Calbee U.K. and Seabrook will enhance cost efficiencies.

CALBEE (CALBEE) Headlines

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