Yatra Online (Yatra Online) Operating Income : $-1.02 Mil (TTM As of Dec. 2023)

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What is Yatra Online Operating Income?

Yatra Online's Operating Income for the three months ended in Dec. 2023 was $-0.84 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.02 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Yatra Online's Operating Income for the three months ended in Dec. 2023 was $-0.84 Mil. Yatra Online's Revenue for the three months ended in Dec. 2023 was $13.36 Mil. Therefore, Yatra Online's Operating Margin % for the quarter that ended in Dec. 2023 was -6.25%.

Good Sign:

Yatra Online Inc operating margin is expanding. Margin expansion is usually a good sign.

Yatra Online's 5-Year average Growth Rate for Operating Margin % was 25.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Yatra Online's annualized ROC % for the quarter that ended in Dec. 2023 was -7.22%. Yatra Online's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.30%.

Yatra Online Operating Income Historical Data

The historical data trend for Yatra Online'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.

Yatra Online Operating Income Chart

Yatra Online Annual Data

Trend

Dec13

Dec14

Dec15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Operating Income

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-30.56

-11.62

-18.26

-6.79

-0.87

Yatra Online 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															-1.34	1.13	0.44	-1.75	-0.84

Yatra Online 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 $-1.02 Mil.

Yatra Online (NAS:YTRA) Operating Income Explanation

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

Yatra Online'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 )
=	-3.34 * ( 1 - -43.64% )	/	( (72.012	+	60.961)	/ 2 )
=	-4.797576	/	66.4865
=	-7.22 %

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	))
=	167.378	-	32.119	-	( 64.629	-	max(0, 65.779	-	129.026	+	64.629	))
=	72.012

	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	))
=	152.751	-	29.669	-	( 62.121	-	max(0, 52.581	-	136.918	+	62.121	))
=	60.961

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

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

Yatra Online'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 )
=	1.372	/	( ( (2.719 + max(12.463, 0))	+	(2.531 + max(25.833, 0)) )	/	2 )
=	1.372	/	( ( 15.182	+	28.364 )	/	2 )
=	1.372	/	21.773
=	6.30 %

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)
=	(47.243	+	0.001	+	12.743)	-	(32.119	+	0.071	+	15.334)
=	12.463

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(49.591	+	0.001	+	20.479)	-	(29.669	+	0.053	+	14.516)
=	25.833

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 %:

Yatra Online'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 )
	=	-0.835	/	13.357
	=	-6.25 %

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.

Yatra Online Operating Income Related Terms

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Yatra Online (Yatra Online) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Yatra Online Inc (NAS:YTRA) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

26Y:Germany

Address

Gulf Adiba, Plot No. 272, 4th Floor, Udyog Vihar, Phase-II, Sector-20, Gurugram, HR, IND, 122008

Website

https://www.yatra.com

Yatra Online Inc is an Indian consumer travel platform provider and online travel agent. The company is organized into the following business segments; Air Ticketing, Hotels and Packages, and Others. It mainly provides travel-related services, which include domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, activities and ancillary services. It also involves hosting advertisements on its internet websites, the sale of rail and bus tickets, and facilitating website access to travel insurance companies. Some of its applications include Yatra Mini, Yatra Web Check-In, Yatra Corporate, and Travelguru HomeStay.

Executives

Macquarie Group Ltd	10 percent owner	50 MARTIN PLACE, SYDNEY, NSW 2000 C3 2000
Mihi Llc	10 percent owner	125 WEST 55TH STREET, NEW YORK NY 10019
Macquarie Corporate Holdings Pty. Ltd	10 percent owner	LEVEL 6, 50 MARTIN PLACE, SYDNEY C3 NSW 2000