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Safe Fertility Group PCL (BKK:SAFE) Operating Income : ฿242.4 Mil (TTM As of Dec. 2023)


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What is Safe Fertility Group PCL Operating Income?

Safe Fertility Group PCL's Operating Income for the six months ended in Dec. 2023 was ฿126.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was ฿242.4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Safe Fertility Group PCL's Operating Income for the six months ended in Dec. 2023 was ฿126.5 Mil. Safe Fertility Group PCL's Revenue for the six months ended in Dec. 2023 was ฿442.1 Mil. Therefore, Safe Fertility Group PCL's Operating Margin % for the quarter that ended in Dec. 2023 was 28.61%.

Safe Fertility Group PCL'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. Safe Fertility Group PCL's annualized ROC % for the quarter that ended in Dec. 2023 was 68.48%. Safe Fertility Group PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 101.49%.


Safe Fertility Group PCL Operating Income Historical Data

The historical data trend for Safe Fertility Group PCL'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.

Safe Fertility Group PCL Operating Income Chart

Safe Fertility Group PCL Annual Data
Trend Dec21 Dec22 Dec23
Operating Income
101.03 203.70 242.44

Safe Fertility Group PCL Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Operating Income - 114.75 88.95 115.95 126.49

Safe Fertility Group PCL 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ฿242.4 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.


Safe Fertility Group PCL  (BKK:SAFE) Operating Income Explanation

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

Safe Fertility Group PCL's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=252.98 * ( 1 - 13.18% )/( (280.297 + 361.142)/ 2 )
=219.637236/320.7195
=68.48 %

where

Invested Capital(Q: Jun. 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))
=1375.128 - 110.71 - ( 1030.838 - max(0, 140.673 - 1124.794+1030.838))
=280.297

Invested Capital(Q: Dec. 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))
=1893.604 - 86.5 - ( 1482.864 - max(0, 125.364 - 1571.326+1482.864))
=361.142

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Safe Fertility Group PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=263.042/( ( (225.257 + max(-33.586, 0)) + (293.103 + max(-15.718, 0)) )/ 2 )
=263.042/( ( 225.257 + 293.103 )/ 2 )
=263.042/259.18
=101.49 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(16.822 + 69.348 + 7.7310000000002) - (110.71 + 15.54 + 1.237)
=-33.586

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17.571 + 65.12 + 5.6500000000001) - (86.5 + 15.501 + 2.058)
=-15.718

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Safe Fertility Group PCL'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 )
=126.49/442.069
=28.61 %

* 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.


Safe Fertility Group PCL Operating Income Related Terms

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Safe Fertility Group PCL (BKK:SAFE) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
496 – 502 Ploenchit Road, Amarin Plaza Building, 16, 17, 18th Floor, Lumpini, Pathumwan, Bangkok, THA, 10330
Safe Fertility Group PCL is the first IVF Clinic in Bangkok, Thailand, and the second in ASEAN apart from Singapore that has been accredited by RTAC of the Fertility Society of Australia (FSA) and New Zealand. It provides expert care using leading technologies that are targeted to each patient's individual needs. The company offers a wide range of infertility treatments, all performed under the strictest safety standards.

Safe Fertility Group PCL (BKK:SAFE) Headlines