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Infinity Capital Investments (LTS:0I2B) Operating Income : lei16.5 Mil (TTM As of Jun. 2023)


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What is Infinity Capital Investments Operating Income?

Infinity Capital Investments's Operating Income for the six months ended in Jun. 2023 was lei-18.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2023 was lei16.5 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Infinity Capital Investments's Operating Income for the six months ended in Jun. 2023 was lei-18.8 Mil. Infinity Capital Investments's Revenue for the six months ended in Jun. 2023 was lei162.3 Mil. Therefore, Infinity Capital Investments's Operating Margin % for the quarter that ended in Jun. 2023 was -11.56%.

Warning Sign:

Infinity Capital Investments SA operating margin has been in a 5-year decline. The average rate of decline per year is -2.7%.

Infinity Capital Investments's 5-Year average Growth Rate for Operating Margin % was -2.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Infinity Capital Investments's annualized ROC % for the quarter that ended in Jun. 2023 was -5.39%. Infinity Capital Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -12.16%.


Infinity Capital Investments Operating Income Historical Data

The historical data trend for Infinity Capital Investments'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.

Infinity Capital Investments Operating Income Chart

Infinity Capital Investments Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 87.31 140.65 55.53 50.21 215.08

Infinity Capital Investments Semi-Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 26.94 23.26 179.79 35.29 -18.76

Infinity Capital Investments 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was lei16.5 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.


Infinity Capital Investments  (LTS:0I2B) Operating Income Explanation

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

Infinity Capital Investments's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

ROC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=-37.522 * ( 1 - 11.14% )/( (679.856 + 556.464)/ 2 )
=-33.3420492/618.16
=-5.39 %

where

Invested Capital(Q: Dec. 2022 )
=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))
=2668.257 - 63.227 - ( 1952.137 - max(0, 224.182 - 2149.356+1952.137))
=679.856

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))
=2657.288 - 57.089 - ( 2050.888 - max(0, 99.339 - 2143.074+2050.888))
=556.464

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

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

Infinity Capital Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-32.838/( ( (204.768 + max(130.563, 0)) + (170.097 + max(34.564, 0)) )/ 2 )
=-32.838/( ( 335.331 + 204.661 )/ 2 )
=-32.838/269.996
=-12.16 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.155 + 178.086 + 2.7660000000001) - (63.227 + 0 + 0.21699999999998)
=130.563

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(29.881 + 62.305 + 0) - (57.089 + 0 + 0.533)
=34.564

When net working capital is negative, 0 is used.

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

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

Infinity Capital Investments's Operating Margin % for the quarter that ended in Jun. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2023 )/Revenue (Q: Jun. 2023 )
=-18.761/162.265
=-11.56 %

* 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.


Infinity Capital Investments Operating Income Related Terms

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Infinity Capital Investments (LTS:0I2B) Business Description

Traded in Other Exchanges
Address
1, Tufanele Street, Dolj County, Craiova, ROU, 200767
Infinity Capital Investments SA formerly Societatea de Investitii Financiare Oltenia SA is a Romania-based closed-end financial investment company. It is engaged in financial investment activities and management of investment portfolio. The company is involved in the management and administration of the shares in commercial companies; administration of the own portfolio of securities, and other similar and adjacent activities. Its business segments include financial investment activity; rental of commercial spaces; food industry (mainly production of oil and sunflower by-products); tourism.

Infinity Capital Investments (LTS:0I2B) Headlines

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