Schaffner Holding AG (XSWX:SAHN) Operating Income : CHF19.0 Mil (TTM As of Mar. 2023)

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What is Schaffner Holding AG Operating Income?

Schaffner Holding AG's Operating Income for the six months ended in Mar. 2023 was CHF10.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2023 was CHF19.0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Schaffner Holding AG's Operating Income for the six months ended in Mar. 2023 was CHF10.7 Mil. Schaffner Holding AG's Revenue for the six months ended in Mar. 2023 was CHF84.8 Mil. Therefore, Schaffner Holding AG's Operating Margin % for the quarter that ended in Mar. 2023 was 12.61%.

Warning Sign:

Schaffner Holding AG operating margin has been in a 5-year decline. The average rate of decline per year is -6.2%.

Schaffner Holding AG's 5-Year average Growth Rate for Operating Margin % was -6.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Schaffner Holding AG's annualized ROC % for the quarter that ended in Mar. 2023 was 24.10%. Schaffner Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 35.76%.

Schaffner Holding AG Operating Income Historical Data

The historical data trend for Schaffner Holding AG'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.

Schaffner Holding AG Operating Income Chart

Schaffner Holding AG Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Operating Income

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17.16

9.80

4.67

3.32

15.40

Schaffner Holding AG Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Operating Income	Get a 7-Day Free Trial															7.02	-3.70	7.10	8.30	10.69

Schaffner Holding AG 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 Mar. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was CHF19.0 Mil.

Schaffner Holding AG (XSWX:SAHN) Operating Income Explanation

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

Schaffner Holding AG's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	21.386 * ( 1 - 11.5% )	/	( (78.932	+	78.105)	/ 2 )
=	18.92661	/	78.5185
=	24.10 %

where

	Invested Capital		(Q: Sep. 2022 )
=	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	))
=	120.825	-	26.407	-	( 15.486	-	max(0, 46.417	-	87.851	+	15.486	))
=	78.932

	Invested Capital		(Q: Mar. 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	))
=	108.659	-	16.124	-	( 14.43	-	max(0, 29.825	-	76.537	+	14.43	))
=	78.105

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

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

Schaffner Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	21.386	/	( ( (25.004 + max(34.237, 0))	+	(24.897 + max(35.463, 0)) )	/	2 )
=	21.386	/	( ( 59.241	+	60.36 )	/	2 )
=	21.386	/	59.8005
=	35.76 %

where Working Capital is:

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(30.702	+	38.202	+	1.167)	-	(26.407	+	0	+	9.427)
=	34.237

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(26.447	+	31.594	+	1.855)	-	(16.124	+	0	+	8.309)
=	35.463

When net working capital is negative, 0 is used.

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

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

Schaffner Holding AG's Operating Margin % for the quarter that ended in Mar. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	10.693	/	84.768
	=	12.61 %

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.

Schaffner Holding AG Operating Income Related Terms

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

Schaffner Holding AG (XSWX:SAHN) Business Description

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SAHNz:UK

Address

Nordstrasse 11e, Luterbach, CHE, 4542

Website

https://www.schaffner.com

Schaffner Holding AG is engaged in the development and production of solutions which ensure the operation of electronic systems. The company's portfolio includes EMC/EMI components, power quality filters and othe related services. It is organized into three business segments - Electromagnetic Compatibility (EMC), Power Magnetics (PM) and Automotive (AM). EMC segment develops and manufactures standard and custom components that protect power electronic systems from line interference; PM segment develops and manufactures components to ensure the reliable operation of power electronic systems; and AM segment supports automobile manufacturers and system suppliers with its specialized EMC expertise. The majority of its revenue is derived from EMC segment.

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