Verbund AG (Verbund AG) Operating Income : $3,656 Mil (TTM As of Dec. 2023)

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What is Verbund AG Operating Income?

Verbund AG's Operating Income for the three months ended in Dec. 2023 was $-411 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $3,656 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Verbund AG's Operating Income for the three months ended in Dec. 2023 was $-411 Mil. Verbund AG's Revenue for the three months ended in Dec. 2023 was $719 Mil. Therefore, Verbund AG's Operating Margin % for the quarter that ended in Dec. 2023 was -57.10%.

Good Sign:

Verbund AG operating margin is expanding. Margin expansion is usually a good sign.

Verbund AG's 5-Year average Growth Rate for Operating Margin % was 4.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Verbund AG's annualized ROC % for the quarter that ended in Dec. 2023 was -7.20%. Verbund AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.36%.

Verbund AG Operating Income Historical Data

The historical data trend for Verbund 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.

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Verbund AG Operating Income Chart

Verbund AG Annual Data

Trend

Dec14

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Dec23

Operating Income

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875.29

1,253.45

981.72

1,935.32

3,716.88

Verbund AG 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															486.69	990.15	1,620.15	1,456.24	-410.71

Verbund 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,656 Mil.

Verbund AG (OTCPK:OEZVY) Operating Income Explanation

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

Verbund AG'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 )
=	-1642.824 * ( 1 - 15.27% )	/	( (18945.998	+	19713.394)	/ 2 )
=	-1391.9647752	/	19329.696
=	-7.20 %

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	))
=	20592.529	-	1106.083	-	( 892.85	-	max(0, 3168.303	-	3708.751	+	892.85	))
=	18945.998

	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	))
=	21248.981	-	1067.824	-	( 1056.1	-	max(0, 3447.426	-	3915.189	+	1056.1	))
=	19713.394

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

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

Verbund AG'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 )
=	1978.744	/	( ( (13527.748 + max(-796.266, 0))	+	(14032.497 + max(-194.662, 0)) )	/	2 )
=	1978.744	/	( ( 13527.748	+	14032.497 )	/	2 )
=	1978.744	/	13780.1225
=	14.36 %

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)
=	(1057.737	+	115.795	+	1186.018)	-	(1106.083	+	0	+	2049.733)
=	-796.266

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1059.978	+	88.113	+	1321.249)	-	(1067.824	+	0	+	1596.178)
=	-194.662

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 %:

Verbund AG'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 )
	=	-410.706	/	719.285
	=	-57.10 %

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.

Verbund AG Operating Income Related Terms

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Verbund AG (Verbund AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Verbund AG (OTCPK:OEZVY) » Definitions » Operating Income

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OEZVF:USA VERv:UK 0NR1:UK OEWA:Germany VER:Czech Republic VER:Austria

Address

Am Hof 6a, Vienna, AUT, 1010

Website

https://www.verbund.com

Founded in 1947 through a nationalization act, Verbund is the leading power producer in Austria. The Austrian state owns 51% of its capital. Hydro accounts for more than 90% of the total power output. Hydro power is generated from reservoirs and pumped storage plants in the Austrian Alps, and run-of-river plants in Austria and southern Germany. Total hydro capacity amounts to 8.4 GW. Verbund also owns the Austrian electricity grid through its fully owned subsidiary AP. In 2021, the firm acquired 51% of Gas Connect Austria, a gas transmission and distribution system operator. The group also owns one CCGT and is involved in trading and development of wind and solar capacity.