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FGV Holdings Bhd (XKLS:5222) Operating Income : RM488 Mil (TTM As of Dec. 2023)


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What is FGV Holdings Bhd Operating Income?

FGV Holdings Bhd's Operating Income for the three months ended in Dec. 2023 was RM161 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was RM488 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. FGV Holdings Bhd's Operating Income for the three months ended in Dec. 2023 was RM161 Mil. FGV Holdings Bhd's Revenue for the three months ended in Dec. 2023 was RM5,365 Mil. Therefore, FGV Holdings Bhd's Operating Margin % for the quarter that ended in Dec. 2023 was 3.00%.

Good Sign:

FGV Holdings Bhd operating margin is expanding. Margin expansion is usually a good sign.

FGV Holdings Bhd's 5-Year average Growth Rate for Operating Margin % was 18.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FGV Holdings Bhd's annualized ROC % for the quarter that ended in Dec. 2023 was 2.34%. FGV Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.30%.


FGV Holdings Bhd Operating Income Historical Data

The historical data trend for FGV Holdings Bhd'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.

FGV Holdings Bhd Operating Income Chart

FGV Holdings Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 268.52 727.14 1,648.37 2,246.00 487.57

FGV Holdings Bhd 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 450.86 101.32 61.46 163.60 161.19

FGV Holdings Bhd 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 RM488 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.


FGV Holdings Bhd  (XKLS:5222) Operating Income Explanation

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

FGV Holdings Bhd'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 )
=644.752 * ( 1 - 44.69% )/( (15552.1 + 14981.368)/ 2 )
=356.6123312/15266.734
=2.34 %

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))
=17456.809 - 1516.749 - ( 1323.634 - max(0, 4924.161 - 5312.121+1323.634))
=15552.1

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))
=17282.753 - 1592.556 - ( 1581.144 - max(0, 4241.406 - 4950.235+1581.144))
=14981.368

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

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

FGV Holdings Bhd'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 )
=855.828/( ( (10040.75 + max(1943.876, 0)) + (10104.238 + max(1361.11, 0)) )/ 2 )
=855.828/( ( 11984.626 + 11465.348 )/ 2 )
=855.828/11724.987
=7.30 %

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)
=(1493.32 + 1868.461 + 237.52) - (1516.749 + 0 + 138.676)
=1943.876

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1172.727 + 1691.998 + 181.738) - (1592.556 + 0 + 92.797)
=1361.11

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 %:

FGV Holdings Bhd'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 )
=161.188/5364.702
=3.00 %

* 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.


FGV Holdings Bhd Operating Income Related Terms

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FGV Holdings Bhd (XKLS:5222) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Raja Laut, Level 21, Wisma FGV, Kuala Lumpur, SGR, MYS, 50350
FGV Holdings Bhd operates an agri-business conglomerate and specializes in oil palm plantations and refineries, rubber production, and sugar products. It has four operating segments; Plantation Sector includes cultivation, harvesting, and production of fresh fruit bunches (FFB) and processing of FFB into crude palm oil and palm kernel, refining of CPO, fractionation of refined bleached deodorized palm oil and Palm Olein, fertilizers processing, rubber processing and production, sale of planting materials and security, Sugar Sector includes refining, sales, and marketing of refined sugar and molasses, Logistics and Other sectors include Bulking and transportation facilities and services, engineering services, information technology, and travel, and Corporate HQ, Others, and Elimination.

FGV Holdings Bhd (XKLS:5222) Headlines

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