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Delta (XZIM:DLTA.ZW) Operating Margin % : 26.32% (As of Mar. 2022)


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What is Delta Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Delta's Operating Income for the six months ended in Mar. 2022 was ZWL69,932 Mil. Delta's Revenue for the six months ended in Mar. 2022 was ZWL265,681 Mil. Therefore, Delta's Operating Margin % for the quarter that ended in Mar. 2022 was 26.32%.

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


XZIM:DLTA.ZW's Operating Margin % is not ranked *
in the Beverages - Alcoholic industry.
Industry Median: 8.42
* Ranked among companies with meaningful Operating Margin % only.

Delta's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Delta's Operating Income for the six months ended in Mar. 2022 was ZWL69,932 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2022 was ZWL76,374 Mil.


Delta Operating Margin % Historical Data

The historical data trend for Delta'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.

Delta Operating Margin % Chart

Delta Annual Data
Trend Mar09 Mar11 Mar12 Mar19 Mar20 Mar21 Mar22 Mar23
Operating Margin %
Get a 7-Day Free Trial 27.48 28.53 30.76 25.52 21.22

Delta Semi-Annual Data
Mar11 Mar12 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Mar23
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 31.17 30.56 19.18 26.32 -

Competitive Comparison of Delta's Operating Margin %

For the Beverages - Brewers subindustry, Delta'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.


Delta's Operating Margin % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Delta's Operating Margin % distribution charts can be found below:

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



Delta 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.

Delta'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 )
=99794.818 / 470204.441
=21.22 %

Delta's Operating Margin % for the quarter that ended in Mar. 2022 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2022 ) / Revenue (Q: Mar. 2022 )
=69932.174 / 265680.999
=26.32 %

* 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.


Delta  (XZIM:DLTA.ZW) 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.


Delta Operating Margin % Related Terms

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Delta (XZIM:DLTA.ZW) Business Description

Traded in Other Exchanges
N/A
Address
Sable House, Northridge Park, P.O. Box: BW 294, Northridge Close, Borrowdale, Harare, ZWE
Delta Corp Ltd is principally an integrated beverage company. The firm manufactures and distributes beverages in Zimbabwe. The company operates through Lager Beer, Sparkling Beverages, Wines and Spirits and Sorghum Beer segments. The lager Beer segment manufactures and distributes lager beer (malt and sorghum-based clear beers). Sparkling Beverages segment trades in carbonated soft drinks and alternative non-alcoholic beverages, Wines and Spirits manufactures and distributes wines and spirits and the Sorghum Beer segment manufactures and sells sorghum-based opaque beer.

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