Izumi Co (TSE:8273) Operating Income : 円33,288 Mil (TTM As of Nov. 2023)

View and export this data going back to 1987. Start your Free Trial

What is Izumi Co Operating Income?

Izumi Co's Operating Income for the three months ended in Nov. 2023 was 円6,319 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Nov. 2023 was 円33,288 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Izumi Co's Operating Income for the three months ended in Nov. 2023 was 円6,319 Mil. Izumi Co's Revenue for the three months ended in Nov. 2023 was 円111,499 Mil. Therefore, Izumi Co's Operating Margin % for the quarter that ended in Nov. 2023 was 5.67%.

Good Sign:

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

Izumi Co's 5-Year average Growth Rate for Operating Margin % was 6.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Izumi Co's annualized ROC % for the quarter that ended in Nov. 2023 was 3.78%. Izumi Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was 7.22%.

Izumi Co Operating Income Historical Data

The historical data trend for Izumi 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.

Izumi Co Operating Income Chart

Izumi Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Operating Income

Get a 7-Day Free Trial

35,279.00

31,894.00

35,786.00

34,724.00

33,649.00

Izumi Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Operating Income	Get a 7-Day Free Trial															6,503.00	11,451.00	8,150.00	7,368.00	6,319.00

Izumi 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円33,288 Mil.

Izumi Co (TSE:8273) Operating Income Explanation

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

Izumi Co's annualized ROC % for the quarter that ended in Nov. 2023 is calculated as:

	ROC % (Q: Nov. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Aug. 2023 )	+	Invested Capital (Q: Nov. 2023 ))	/ count )
=	25276 * ( 1 - 32.53% )	/	( (440994	+	461505)	/ 2 )
=	17053.7172	/	451249.5
=	3.78 %

where

	Invested Capital		(Q: Aug. 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	))
=	486812	-	58397	-	( 8724	-	max(0, 112958	-	100379	+	8724	))
=	440994

	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	))
=	495201	-	50745	-	( 9409	-	max(0, 124904	-	107855	+	9409	))
=	461505

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

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

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

	ROC (Joel Greenblatt) %		(Q: Nov. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Aug. 2023		Q: Nov. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	24600	/	( ( (336614 + max(-1134, 0))	+	(336648 + max(8529, 0)) )	/	2 )
=	24600	/	( ( 336614	+	345177 )	/	2 )
=	24600	/	340895.5
=	7.22 %

where Working Capital is:

	Working Capital		(Q: Aug. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(52013	+	26441	+	13201)	-	(58397	+	0	+	34392)
=	-1134

	Working Capital		(Q: Nov. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(54880	+	29430	+	14136)	-	(50745	+	0	+	39172)
=	8529

When net working capital is negative, 0 is used.

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

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

Izumi Co's Operating Margin % for the quarter that ended in Nov. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	6319	/	111499
	=	5.67 %

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.

Izumi Co Operating Income Related Terms

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

Izumi Co (TSE:8273) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Izumi Co Ltd (TSE:8273) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

IZMIF:USA

Address

3-3-1 Futabanosato, Higashi-ku, Hiroshima, JPN, 732-8555

Website

http://izumi.co.jp

Izumi Co Ltd is engaged in operating shopping centres, general merchandising stores, clothing, household goods and food products. Most of the stores are located in Kyushu Region, Chugoku Region, and Shikoku Region in Japan. The company operates through segments including retail, retail-peripheral operations, and other. The retail segment is engaged in the retail business through shopping centres. The retail-peripheral operations segment consists of a credit and finance business, shop facility management, and restaurant operation, which deliver the vast majority of the business' income. The other segment includes wholesale and real estate operations.

Izumi Co (TSE:8273) Headlines

No Headlines