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WDB Holdings Co (TSE:2475) Operating Income : 円5,483 Mil (TTM As of Dec. 2023)


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What is WDB Holdings Co Operating Income?

WDB Holdings Co's Operating Income for the three months ended in Dec. 2023 was 円1,589 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was 円5,483 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. WDB Holdings Co's Operating Income for the three months ended in Dec. 2023 was 円1,589 Mil. WDB Holdings Co's Revenue for the three months ended in Dec. 2023 was 円12,632 Mil. Therefore, WDB Holdings Co's Operating Margin % for the quarter that ended in Dec. 2023 was 12.58%.

Good Sign:

WDB Holdings Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

WDB Holdings Co's 5-Year average Growth Rate for Operating Margin % was 1.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. WDB Holdings Co's annualized ROC % for the quarter that ended in Dec. 2023 was 34.39%. WDB Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 60.06%.


WDB Holdings Co Operating Income Historical Data

The historical data trend for WDB Holdings 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.

WDB Holdings Co Operating Income Chart

WDB Holdings Co 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 4,962.70 4,956.14 5,109.39 6,314.24 5,508.05

WDB Holdings Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1,423.00 1,236.08 1,288.58 1,369.88 1,588.54

WDB Holdings 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円5,483 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.


WDB Holdings Co  (TSE:2475) Operating Income Explanation

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

WDB Holdings Co's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=6354.14 * ( 1 - 25.23% )/( (13258.243 + 14375.104)/ 2 )
=4750.990478/13816.6735
=34.39 %

where

Invested Capital(Q: Sep. 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))
=37922.497 - 4875.263 - ( 19788.991 - max(0, 6929.337 - 27148.375+19788.991))
=13258.243

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))
=37983.535 - 4526.997 - ( 19081.434 - max(0, 6362.097 - 26782.987+19081.434))
=14375.104

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

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

WDB Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=6354.14/( ( (9439.74 + max(430.047, 0)) + (9951.13 + max(1339.456, 0)) )/ 2 )
=6354.14/( ( 9869.787 + 11290.586 )/ 2 )
=6354.14/10580.1865
=60.06 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6410.653 + 47.312 + 901.419) - (4875.263 + 0 + 2054.074)
=430.047

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6543.595 + 45.89 + 1112.068) - (4526.997 + 0 + 1835.1)
=1339.456

When net working capital is negative, 0 is used.

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

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

WDB Holdings Co's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=1588.535/12631.721
=12.58 %

* 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.


WDB Holdings Co Operating Income Related Terms

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WDB Holdings Co (TSE:2475) Business Description

Traded in Other Exchanges
N/A
Address
79 Toyosawa-cho, Hyogo, Himeji, JPN, 670-0964
WDB Holdings Co Ltd is a Japan based holding company engaged in providing human resource services. It specializes in temporary staffing and permanent employee introductions in fields such as biotechnology and chemistry research and development. The company operates in the businesses of Human resource services, CRO business, Contract research business, and Interaction business. In Human resource services, the company provides temporary staffing and recruiting services. In the CRO business, it offers support from basic research to clinical trials in the pharmaceutical, medical and other industries. The company operates contract research business in the fields of new materials, marine organism and industrial machinery.

WDB Holdings Co (TSE:2475) Headlines

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