Vinpai (XPAR:ALVIN) Operating Income : €-1.74 Mil (TTM As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Vinpai Operating Income?

Vinpai's Operating Income for the six months ended in Dec. 2023 was €608.39 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was €-1.74 Mil.

Warning Sign:

Vinpai SA has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Vinpai's Operating Income for the six months ended in Dec. 2023 was €608.39 Mil. Vinpai's Revenue for the six months ended in Dec. 2023 was €-3,975.67 Mil. Therefore, Vinpai's Operating Margin % for the quarter that ended in Dec. 2023 was -15.30%.

Vinpai's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vinpai's annualized ROC % for the quarter that ended in Dec. 2023 was 14,980.48%. Vinpai's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 70,576.38%.

Vinpai Operating Income Historical Data

The historical data trend for Vinpai'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.

Vinpai Operating Income Chart

Vinpai Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Operating Income

-0.55

-1.59

-1.26

-1.74

Vinpai Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Operating Income	Get a 7-Day Free Trial			-	-561.34	560.08	-610.12	608.39

Vinpai 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 semi-annually data reported by the company within the most recent 12 months, which was €-1.74 Mil.

Vinpai (XPAR:ALVIN) Operating Income Explanation

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

Vinpai'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	1216.774 * ( 1 - 6.37% )	/	( (8.297	+	6.913)	/ 2 )
=	1139.2654962	/	7.605
=	14,980.48 %

where

	Invested Capital		(Q: Jun. 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	))
=	8.918	-	1.79	-	( 0.371	-	max(0, 5.432	-	4.263	+	0.371	))
=	8.297

	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	))
=	9.45	-	2.268	-	( 0.269	-	max(0, 2.268	-	3.868	+	0.269	))
=	6.913

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Vinpai'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1225.206	/	( ( (0.937 + max(0.864, 0))	+	(0.944 + max(0.727, 0)) )	/	2 )
=	1225.206	/	( ( 1.801	+	1.671 )	/	2 )
=	1225.206	/	1.736
=	70,576.38 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.028	+	1.349	+	0.277)	-	(1.79	+	0	+	0)
=	0.864

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.949	+	1.644	+	0.402)	-	(2.268	+	0	+	0)
=	0.727

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Vinpai'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 )
	=	608.387	/	-3975.666
	=	-15.30 %

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.

Vinpai Operating Income Related Terms

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

Vinpai (XPAR:ALVIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Vinpai SA (XPAR:ALVIN) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

6, parc d'Activites de la Fouee, Saint-Dolay, FRA, 56130

Website

https://www.vinpai.com

Vinpai SA is an ingredient tech which offers manufacturers natural alternatives to chemical additives. The Company is an ingredientist that designs, manufactures and markets complementary and innovative ranges of functional ingredients based on algae, plants, minerals and fibers. These innovative ingredients have the function of texturing, stabilizing, preserving, flavoring and/ or enriching the recipes of the food industry, cosmetics, well-being, and health. Vinpai offers manufacturers a complete offer including the supply of functional ingredients, sometimes combined in premix, as well as support for the formulation and the launch of industrial production with the management of the ramp-up with the transition from the lab to the factory.

Vinpai (XPAR:ALVIN) Headlines

No Headlines