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FIH Group (FRA:FBLM) Operating Income : €4.47 Mil (TTM As of Sep. 2023)


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What is FIH Group Operating Income?

FIH Group's Operating Income for the six months ended in Sep. 2023 was €1.05 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was €4.47 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. FIH Group's Operating Income for the six months ended in Sep. 2023 was €1.05 Mil. FIH Group's Revenue for the six months ended in Sep. 2023 was €30.95 Mil. Therefore, FIH Group's Operating Margin % for the quarter that ended in Sep. 2023 was 3.39%.

Warning Sign:

FIH Group PLC operating margin has been in a 5-year decline. The average rate of decline per year is -5.3%.

FIH Group's 5-Year average Growth Rate for Operating Margin % was -5.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FIH Group's annualized ROC % for the quarter that ended in Sep. 2023 was 2.23%. FIH Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 5.70%.


FIH Group Operating Income Historical Data

The historical data trend for FIH Group'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.

FIH Group Operating Income Chart

FIH Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.90 4.85 1.20 3.69 4.55

FIH Group Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Operating Income 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 0.97 2.69 1.14 3.42 1.05

FIH Group 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 semi-annually data reported by the company within the most recent 12 months, which was €4.47 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.


FIH Group  (FRA:FBLM) Operating Income Explanation

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

FIH Group'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: Mar. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=2.098 * ( 1 - 25.39% )/( (69.922 + 70.384)/ 2 )
=1.5653178/70.153
=2.23 %

where

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

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

FIH Group'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: Mar. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2.814/( ( (43.84 + max(2.332, 0)) + (44.908 + max(7.711, 0)) )/ 2 )
=2.814/( ( 46.172 + 52.619 )/ 2 )
=2.814/49.3955
=5.70 %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.165 + 7.794 + 2.319) - (11.058 + 0 + 4.888)
=2.332

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11.694 + 7.945 + 0.47) - (12.398 + 0 + 1.7763568394003E-15)
=7.711

When net working capital is negative, 0 is used.

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

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

FIH Group'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 )
=1.049/30.95
=3.39 %

* 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.


FIH Group Operating Income Related Terms

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FIH Group (FRA:FBLM) Business Description

Traded in Other Exchanges
Address
133-137 South Street, Kenburgh Court, Bishop's Stortford, Hertfordshire, GBR, CM23 3HX
FIH Group PLC is a holding company. The company's operating segment includes General trading, Ferry Services, and Art logistics and storage. It generates maximum revenue from the General trading segment. Geographically, it has a presence in the Falkland Islands, and the United Kingdom, and derives most of its revenue from the Falkland Islands.

FIH Group (FRA:FBLM) Headlines

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