Grupo MexicoB de CV (Grupo MexicoB de CV) Operating Income : $6,416 Mil (TTM As of Sep. 2023)

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What is Grupo MexicoB de CV Operating Income?

Grupo MexicoB de CV's Operating Income for the three months ended in Sep. 2023 was $1,473 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was $6,416 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Grupo MexicoB de CV's Operating Income for the three months ended in Sep. 2023 was $1,473 Mil. Grupo MexicoB de CV's Revenue for the three months ended in Sep. 2023 was $3,647 Mil. Therefore, Grupo MexicoB de CV's Operating Margin % for the quarter that ended in Sep. 2023 was 40.40%.

Good Sign:

Grupo Mexico SAB de CV operating margin is expanding. Margin expansion is usually a good sign.

Grupo MexicoB de CV's 5-Year average Growth Rate for Operating Margin % was 0.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grupo MexicoB de CV's annualized ROC % for the quarter that ended in Sep. 2023 was 13.16%. Grupo MexicoB de CV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 31.17%.

Grupo MexicoB de CV Operating Income Historical Data

The historical data trend for Grupo MexicoB de CV'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.

Grupo MexicoB de CV Operating Income Chart

Grupo MexicoB de CV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Operating Income

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3,802.79

3,919.43

1,917.26

5,361.31

6,036.12

Grupo MexicoB de CV Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Operating Income	Get a 7-Day Free Trial															1,123.33	1,781.06	1,802.22	1,358.91	1,473.35

Grupo MexicoB de CV 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $6,416 Mil.

Grupo MexicoB de CV (OTCPK:GMBXF) Operating Income Explanation

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

Grupo MexicoB de CV's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	5893.388 * ( 1 - 41.25% )	/	( (26299.867	+	26316.426)	/ 2 )
=	3462.36545	/	26308.1465
=	13.16 %

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	))
=	34139.353	-	1320.112	-	( 6519.374	-	max(0, 1803.756	-	10367.803	+	6519.374	))
=	26299.867

	Invested Capital		(Q: Sep. 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	))
=	34733.053	-	1494.876	-	( 6921.751	-	max(0, 1964.66	-	10688.553	+	6921.751	))
=	26316.426

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

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

Grupo MexicoB de CV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	6303.12	/	( ( (18197.361 + max(2157.754, 0))	+	(18246.211 + max(1838.973, 0)) )	/	2 )
=	6303.12	/	( ( 20355.115	+	20085.184 )	/	2 )
=	6303.12	/	20220.1495
=	31.17 %

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)
=	(1713.735	+	1313.745	+	638.605)	-	(1320.112	+	0	+	188.219)
=	2157.754

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1694.766	+	1307.148	+	589.75)	-	(1494.876	+	0	+	257.815)
=	1838.973

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

Grupo MexicoB de CV's Operating Margin % for the quarter that ended in Sep. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1473.347	/	3647.296
	=	40.40 %

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.

Grupo MexicoB de CV Operating Income Related Terms

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Grupo MexicoB de CV (Grupo MexicoB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grupo Mexico SAB de CV (OTCPK:GMBXF) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

GMEXICOB:Mexico 4GE:Germany

Address

Campos Eliieos No. 400, Col. lomas de chapultepec, Mexico, DF, MEX, C.P. 11000

Website

http://www.gmexico.com

Grupo Mexico SAB de CV is a holding company that operates in the mining-metallurgic industry, the exploration, exploitation, and benefit of metallic and non-metallic ores, multimodal freight railroad service, and infrastructure development. The majority of the group's revenue is generated by the mining division, through its subsidiary AMC. The company has 14 mines and exploration projects in Mexico, Peru, the United States of America, Chile, Ecuador, and Argentina, and its products include copper, molybdenum, silver, zinc, gold, and lead. The company also has a transportation division comprised of three large railroad companies through its subsidiary FM Rail Holding. Together, they form the largest railroad operator in Mexico, both in terms of coverage and fleet size.

Grupo MexicoB de CV (Grupo MexicoB de CV) Headlines

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