Tama Home Co (TSE:1419) Operating Income : 円7,014 Mil (TTM As of Feb. 2024)

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What is Tama Home Co Operating Income?

Tama Home Co's Operating Income for the three months ended in Feb. 2024 was 円-1,548 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2024 was 円7,014 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tama Home Co's Operating Income for the three months ended in Feb. 2024 was 円-1,548 Mil. Tama Home Co's Revenue for the three months ended in Feb. 2024 was 円39,751 Mil. Therefore, Tama Home Co's Operating Margin % for the quarter that ended in Feb. 2024 was -3.89%.

Good Sign:

Tama Home Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Tama Home Co's 5-Year average Growth Rate for Operating Margin % was 11.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tama Home Co's annualized ROC % for the quarter that ended in Feb. 2024 was -6.23%. Tama Home Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was -23.54%.

Tama Home Co Operating Income Historical Data

The historical data trend for Tama Home Co'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.

Tama Home Co Operating Income Chart

Tama Home Co Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Operating Income

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7,367.00

9,873.00

10,999.00

11,893.00

13,265.00

Tama Home Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Operating Income	Get a 7-Day Free Trial															947.00	5,554.00	1,381.00	1,627.00	-1,548.00

Tama Home Co 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円7,014 Mil.

Tama Home Co (TSE:1419) Operating Income Explanation

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

Tama Home Co's annualized ROC % for the quarter that ended in Feb. 2024 is calculated as:

	ROC % (Q: Feb. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Nov. 2023 )	+	Invested Capital (Q: Feb. 2024 ))	/ count )
=	-6192 * ( 1 - 24.47% )	/	( (73469	+	76601)	/ 2 )
=	-4676.8176	/	75035
=	-6.23 %

where

	Invested Capital		(Q: Nov. 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	))
=	102896	-	17463	-	( 22510	-	max(0, 65115	-	77079	+	22510	))
=	73469

	Invested Capital		(Q: Feb. 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	))
=	102650	-	14115	-	( 13942	-	max(0, 64017	-	75951	+	13942	))
=	76601

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

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

Tama Home Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Feb. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Nov. 2023		Q: Feb. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-5828	/	( ( (18786 + max(1747, 0))	+	(19232 + max(9750, 0)) )	/	2 )
=	-5828	/	( ( 20533	+	28982 )	/	2 )
=	-5828	/	24757.5
=	-23.54 %

where Working Capital is:

	Working Capital		(Q: Nov. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1289	+	47816	+	1733)	-	(17463	+	0	+	31628)
=	1747

	Working Capital		(Q: Feb. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1145	+	56588	+	2711)	-	(14115	+	0	+	36579)
=	9750

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

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

Tama Home Co's Operating Margin % for the quarter that ended in Feb. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	-1548	/	39751
	=	-3.89 %

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.

Tama Home Co Operating Income Related Terms

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Tama Home Co (TSE:1419) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Tama Home Co Ltd (TSE:1419) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-22-9 Takanawa, Minato-ku, Tokyo, JPN, 108-0074

Website

http://www.tamahome.jp

Tama Home Co Ltd is engaged in construction, architectural design, real estate, and insurance agency. It operates through the segments namely Housing Segment, Real Estate Segment, Financial Segment and Other Business Segment. It is involved in construction contractor for custom-built homes, multi-unit homes, the sale of residential lots, development and sale of condominiums and subleasing of office buildings. In addition, it also includes insurance agency services for fire, earthquake, additional policies and agency services, the sale of home furniture and interior construction work, construction contractor for retail facilities and others. It is also involved in the energy and restaurant business. The company generates the majority of its revenue from the Housing segment.

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