GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Daikokutenbussan Co Ltd (TSE:2791) » Definitions » Operating Income

Daikokutenbussan Co (TSE:2791) Operating Income : 円8,386 Mil (TTM As of Feb. 2024)


View and export this data going back to 2006. Start your Free Trial

What is Daikokutenbussan Co Operating Income?

Daikokutenbussan Co's Operating Income for the three months ended in Feb. 2024 was 円2,679 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2024 was 円8,386 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Daikokutenbussan Co's Operating Income for the three months ended in Feb. 2024 was 円2,679 Mil. Daikokutenbussan Co's Revenue for the three months ended in Feb. 2024 was 円68,349 Mil. Therefore, Daikokutenbussan Co's Operating Margin % for the quarter that ended in Feb. 2024 was 3.92%.

Good Sign:

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

Daikokutenbussan Co's 5-Year average Growth Rate for Operating Margin % was 1.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Daikokutenbussan Co's annualized ROC % for the quarter that ended in Feb. 2024 was 7.72%. Daikokutenbussan Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 17.98%.


Daikokutenbussan Co Operating Income Historical Data

The historical data trend for Daikokutenbussan 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.

Daikokutenbussan Co Operating Income Chart

Daikokutenbussan Co Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,746.00 5,939.00 8,602.00 8,543.00 4,502.00

Daikokutenbussan 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 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 1,676.00 1,752.00 1,969.00 1,986.00 2,679.00

Daikokutenbussan 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8,386 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.


Daikokutenbussan Co  (TSE:2791) Operating Income Explanation

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

Daikokutenbussan 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 )
=10716 * ( 1 - 37.34% )/( (86949 + 87075)/ 2 )
=6714.6456/87012
=7.72 %

where

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

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

Daikokutenbussan 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 )
=10900/( ( (60561 + max(-13032, 0)) + (60709 + max(-12643, 0)) )/ 2 )
=10900/( ( 60561 + 60709 )/ 2 )
=10900/60635
=17.98 %

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)
=(128 + 10073 + 3762) - (18191 + 0 + 8804)
=-13032

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(114 + 9159 + 3535) - (16792 + 0 + 8659)
=-12643

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 %:

Daikokutenbussan 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 )
=2679/68349
=3.92 %

* 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.


Daikokutenbussan Co Operating Income Related Terms

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


Daikokutenbussan Co (TSE:2791) Business Description

Traded in Other Exchanges
N/A
Address
704-5, Horinan, Okayama, JPN
Daikokutenbussan Co Ltd is primarily engaged in selling retail and wholesale food and other products. The company develops and sells private brand products. Daikokuten Bussan operates in two business segments. The retail segment manufactures and sells fresh foods, processed foods, and bread and confectionery products. It also operates supermarkets, a property leasing business, a trademark management business, recycling operations, and a store cleaning operation. The other segment is the company's wholesale business.

Daikokutenbussan Co (TSE:2791) Headlines

No Headlines