Inderes Oyj (OHEL:INDERES) Operating Income : €0.92 Mil (TTM As of Jun. 2023)

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What is Inderes Oyj Operating Income?

Inderes Oyj's Operating Income for the three months ended in Jun. 2023 was €-0.01 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2023 was €0.92 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Inderes Oyj's Operating Income for the three months ended in Jun. 2023 was €-0.01 Mil. Inderes Oyj's Revenue for the three months ended in Jun. 2023 was €4.29 Mil. Therefore, Inderes Oyj's Operating Margin % for the quarter that ended in Jun. 2023 was -0.21%.

Inderes Oyj'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. Inderes Oyj's annualized ROC % for the quarter that ended in Jun. 2023 was -0.22%. Inderes Oyj's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -7.91%.

Inderes Oyj Operating Income Historical Data

The historical data trend for Inderes Oyj'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.

Inderes Oyj Operating Income Chart

Inderes Oyj Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

0.80

1.39

1.97

0.82

0.78

Inderes Oyj Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Operating Income	Get a 7-Day Free Trial								0.54	0.01	0.39	-0.01	-

Inderes Oyj 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 quarterly data reported by the company within the most recent 12 months, which was €0.92 Mil.

Inderes Oyj (OHEL:INDERES) Operating Income Explanation

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

Inderes Oyj'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: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-0.036 * ( 1 - 0% )	/	( (0	+	16.139)	/ 1 )
=	-0.036	/	16.139
=	-0.22 %

where

	Invested Capital		(Q: Mar. 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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	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	))
=	17.574	-	0	-	( 4.156	-	max(0, 5.662	-	7.097	+	4.156	))
=	16.139

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

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

Inderes Oyj'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: Mar. 2023		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.036	/	( ( (0 + max(0, 0))	+	(0.455 + max(-3.343, 0)) )	/	1 )
=	-0.036	/	( ( 0	+	0.455 )	/	1 )
=	-0.036	/	0.455
=	-7.91 %

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)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.294	+	0	+	8.8817841970013E-16)	-	(0	+	0	+	5.637)
=	-3.343

When net working capital is negative, 0 is used.

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

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

Inderes Oyj'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 )
	=	-0.009	/	4.286
	=	-0.21 %

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.

Inderes Oyj Operating Income Related Terms

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

Inderes Oyj (OHEL:INDERES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Inderes Oyj (OHEL:INDERES) » Definitions » Operating Income

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Traded in Other Exchanges

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Address

Baltic Sea Market 2, Helsinki, FIN, 00180

Website

https://www.inderes.fi

Inderes Oyj mission is to bring listed companies and investors together. The company has more than 150 listed companies as customers, which want to serve owners and the investor community by providing better investor communication. Inderes' investor community includes more than 64,000 active members interested in investing in equities.

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