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Robinsons Land (PHS:RLC) Operating Income : ₱18,389 Mil (TTM As of Mar. 2024)


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What is Robinsons Land Operating Income?

Robinsons Land's Operating Income for the three months ended in Mar. 2024 was ₱4,775 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was ₱18,389 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Robinsons Land's Operating Income for the three months ended in Mar. 2024 was ₱4,775 Mil. Robinsons Land's Revenue for the three months ended in Mar. 2024 was ₱11,026 Mil. Therefore, Robinsons Land's Operating Margin % for the quarter that ended in Mar. 2024 was 43.31%.

Warning Sign:

Robinsons Land Corp operating margin has been in a 5-year decline. The average rate of decline per year is -1.4%.

Robinsons Land's 5-Year average Growth Rate for Operating Margin % was -1.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Robinsons Land's annualized ROC % for the quarter that ended in Mar. 2024 was 7.71%. Robinsons Land's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 43.37%.


Robinsons Land Operating Income Historical Data

The historical data trend for Robinsons Land'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.

Robinsons Land Operating Income Chart

Robinsons Land Annual Data
Trend Sep14 Sep15 Sep16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12,282.90 8,493.87 9,713.81 14,112.40 17,335.75

Robinsons Land Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3,721.85 4,526.56 4,402.23 4,685.11 4,775.21

Robinsons Land 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 ₱18,389 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.


Robinsons Land  (PHS:RLC) Operating Income Explanation

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

Robinsons Land'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 )
=19100.852 * ( 1 - 12.47% )/( (215588.476 + 218024.861)/ 2 )
=16718.9757556/216806.6685
=7.71 %

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))
=235689.675 - 14376.816 - ( 5724.383 - max(0, 34203.114 - 62405.996+5724.383))
=215588.476

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))
=241460.95 - 15770.246 - ( 7665.843 - max(0, 30963.927 - 65104.409+7665.843))
=218024.861

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

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

Robinsons Land'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 )
=22264.416/( ( (21419.914 + max(29573.145, 0)) + (22344.222 + max(29325.918, 0)) )/ 2 )
=22264.416/( ( 50993.059 + 51670.14 )/ 2 )
=22264.416/51331.5995
=43.37 %

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)
=(16821.48 + 35789.32 + 4070.813) - (14376.816 + 0 + 12731.652)
=29573.145

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(16886.718 + 36460.413 + 4091.435) - (15770.246 + 0 + 12342.402)
=29325.918

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 %:

Robinsons Land'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 )
=4775.213/11026.471
=43.31 %

* 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.


Robinsons Land Operating Income Related Terms

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Robinsons Land (PHS:RLC) Business Description

Traded in Other Exchanges
Address
EDSA corner Ortigas Avenue, Level 2, Galleria Corporate Center, Metro Manila, Quezon City, PHL, 1100
Robinsons Land Corp is a real estate developer in the Philippines. The company's two operating strategies are to take on development projects or investment projects. In taking investment projects, the company develops, owns and operates commercial real estate projects (shopping malls, office buildings and hotels). For the development projects, the company develops residential real estate projects for sale (residential condominiums, upper-middle to high-end residential developments and low-and-middle-cost lots). The company has four official business divisions: commercial centres, residential, office buildings, and hotels. The commercial centers division accounts for the majority of Robinsons Land Corporation's revenue.

Robinsons Land (PHS:RLC) Headlines

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