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PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Operating Margin % : -34.60% (As of Dec. 2023)


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What is PT Goto Gojek Tokopedia Tbk Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. PT Goto Gojek Tokopedia Tbk's Operating Income for the three months ended in Dec. 2023 was Rp-1,479,240 Mil. PT Goto Gojek Tokopedia Tbk's Revenue for the three months ended in Dec. 2023 was Rp4,274,773 Mil. Therefore, PT Goto Gojek Tokopedia Tbk's Operating Margin % for the quarter that ended in Dec. 2023 was -34.60%.

Good Sign:

PT Goto Gojek Tokopedia Tbk operating margin is expanding. Margin expansion is usually a good sign.

The historical rank and industry rank for PT Goto Gojek Tokopedia Tbk's Operating Margin % or its related term are showing as below:

ISX:GOTO' s Operating Margin % Range Over the Past 10 Years
Min: -912.54   Med: -399.51   Max: -69.52
Current: -69.52


ISX:GOTO's Operating Margin % is ranked worse than
87.25% of 2752 companies
in the Software industry
Industry Median: 3.19 vs ISX:GOTO: -69.52

PT Goto Gojek Tokopedia Tbk's 5-Year Average Operating Margin % Growth Rate was 36.00% per year.

PT Goto Gojek Tokopedia Tbk's Operating Income for the three months ended in Dec. 2023 was Rp-1,479,240 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was Rp-10,278,970 Mil.


PT Goto Gojek Tokopedia Tbk Operating Margin % Historical Data

The historical data trend for PT Goto Gojek Tokopedia Tbk's Operating Margin % 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.

PT Goto Gojek Tokopedia Tbk Operating Margin % Chart

PT Goto Gojek Tokopedia Tbk Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Margin %
Get a 7-Day Free Trial -912.54 -305.51 -493.51 -267.24 -69.52

PT Goto Gojek Tokopedia Tbk Quarterly Data
Dec18 Dec19 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -224.06 -121.38 -58.13 -74.18 -34.60

Competitive Comparison of PT Goto Gojek Tokopedia Tbk's Operating Margin %

For the Software - Application subindustry, PT Goto Gojek Tokopedia Tbk's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PT Goto Gojek Tokopedia Tbk's Operating Margin % Distribution in the Software Industry

For the Software industry and Technology sector, PT Goto Gojek Tokopedia Tbk's Operating Margin % distribution charts can be found below:

* The bar in red indicates where PT Goto Gojek Tokopedia Tbk's Operating Margin % falls into.



PT Goto Gojek Tokopedia Tbk Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

PT Goto Gojek Tokopedia Tbk's Operating Margin % for the fiscal year that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=-10278970 / 14785492
=-69.52 %

PT Goto Gojek Tokopedia Tbk'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 )
=-1479240 / 4274773
=-34.60 %

* 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.


PT Goto Gojek Tokopedia Tbk  (ISX:GOTO) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

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 (Diluted) 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.


PT Goto Gojek Tokopedia Tbk Operating Margin % Related Terms

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PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Business Description

Traded in Other Exchanges
Address
Jalan Iskandarsyah II No. 2, Gedung Pasaraya Blok M, 6-7th Floor, Jakarta, IDN, 12160
GoTo is an Indonesian ecosystem that combines e-commerce, ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021. The company has 64 million active paying users and 12 million merchants as of 2022 on its platform. In 2022, on-demand accounted for 55% of revenue, e-commerce for 37%, and financial services for 8%. However, 82% of nonfinancial services gross transactional value comes from e-commerce, as it is the focal point in the ecosystem. The company competes with giants such as Sea-backed Shopee, Alibaba's Lazada, and smaller peers such as Bukalapak in e-commerce—and with Grab in the ride-hailing and delivery business.

PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Headlines

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