GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SAL Saudi Logistics Services Co (SAU:4263) » Definitions » Operating Income

SALudi Logistics Services Co (SAU:4263) Operating Income : ﷼223.6 Mil (TTM As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is SALudi Logistics Services Co Operating Income?

SALudi Logistics Services Co's Operating Income for the three months ended in Mar. 2024 was ﷼223.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was ﷼223.6 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. SALudi Logistics Services Co's Operating Income for the three months ended in Mar. 2024 was ﷼223.6 Mil. SALudi Logistics Services Co's Revenue for the three months ended in Mar. 2024 was ﷼452.5 Mil. Therefore, SALudi Logistics Services Co's Operating Margin % for the quarter that ended in Mar. 2024 was 49.42%.

SALudi Logistics Services Co'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. SALudi Logistics Services Co's annualized ROC % for the quarter that ended in Mar. 2024 was 40.23%. SALudi Logistics Services Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 54.67%.


SALudi Logistics Services Co Operating Income Historical Data

The historical data trend for SALudi Logistics Services Co'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.

SALudi Logistics Services Co Operating Income Chart

SALudi Logistics Services Co Annual Data
Trend Dec22 Dec23
Operating Income
432.05 602.85

SALudi Logistics Services Co Quarterly Data
Dec22 Mar23 Dec23 Mar24
Operating Income - 124.54 - 223.63

SALudi Logistics Services Co 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ﷼223.6 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.


SALudi Logistics Services Co  (SAU:4263) Operating Income Explanation

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

SALudi Logistics Services Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=894.508 * ( 1 - 6.21% )/( (2029.812 + 2140.534)/ 2 )
=838.9590532/2085.173
=40.23 %

where

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))
=3284.973 - 44.735 - ( 1210.426 - max(0, 385.42 - 1663.824+1210.426))
=2029.812

Invested Capital(Q: Mar. 2024 )
=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))
=3354.354 - 41.435 - ( 1172.385 - max(0, 420.133 - 1717.621+1172.385))
=2140.534

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

SALudi Logistics Services Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=970.052/( ( (1595.103 + max(155.41, 0)) + (1611.612 + max(186.722, 0)) )/ 2 )
=970.052/( ( 1750.513 + 1798.334 )/ 2 )
=970.052/1774.4235
=54.67 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(390.533 + 0 + 45.096) - (44.735 + 0 + 235.484)
=155.41

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(458.99 + 0 + 0) - (41.435 + 0 + 230.833)
=186.722

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

SALudi Logistics Services Co's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=223.627/452.526
=49.42 %

* 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.


SALudi Logistics Services Co Operating Income Related Terms

Thank you for viewing the detailed overview of SALudi Logistics Services Co's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.


SALudi Logistics Services Co (SAU:4263) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Prince Sultan Road, P.O. Box 23525, Zahran Building, Salamah, Jeddah, SAU, 2661
SAL Saudi Logistics Services Co is a company engaged in providing supply chain solutions in Saudi Arabia. It creates integrated solutions to deliver end-to-end services for businesses across the economy wide supply chain. The company has three streams; Air cargo handling, Terminal handling and logistics solutions. The maximum revenue of the company comes from Terminal Handling.

SALudi Logistics Services Co (SAU:4263) Headlines

No Headlines