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Tupperware Brands (Tupperware Brands) Operating Income : $52 Mil (TTM As of Sep. 2023)


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What is Tupperware Brands Operating Income?

Tupperware Brands's Operating Income for the three months ended in Sep. 2023 was $6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was $52 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tupperware Brands's Operating Income for the three months ended in Sep. 2023 was $6 Mil. Tupperware Brands's Revenue for the three months ended in Sep. 2023 was $260 Mil. Therefore, Tupperware Brands's Operating Margin % for the quarter that ended in Sep. 2023 was 2.35%.

Warning Sign:

Tupperware Brands Corp operating margin has been in a 5-year decline. The average rate of decline per year is -9.6%.

Tupperware Brands's 5-Year average Growth Rate for Operating Margin % was -9.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tupperware Brands's annualized ROC % for the quarter that ended in Sep. 2023 was 2.58%. Tupperware Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -41.65%.


Tupperware Brands Operating Income Historical Data

The historical data trend for Tupperware Brands'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.

Tupperware Brands Operating Income Chart

Tupperware Brands Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 317.00 196.50 217.30 238.80 99.10

Tupperware Brands Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.50 28.50 6.10 11.40 6.10

Tupperware Brands 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $52 Mil.

* 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.


Tupperware Brands  (NYSE:TUP) Operating Income Explanation

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

Tupperware Brands's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=24.4 * ( 1 - -17.76% )/( (1121.3 + 1107.1)/ 2 )
=28.73344/1114.2
=2.58 %

where

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

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

Tupperware Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-93.2/( ( (187.7 + max(57.8, 0)) + (173 + max(29, 0)) )/ 2 )
=-93.2/( ( 245.5 + 202 )/ 2 )
=-93.2/223.75
=-41.65 %

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)
=(70.7 + 181.6 + 33.1) - (169.3 + 11.4 + 46.9)
=57.8

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(72.1 + 172.4 + 36.4) - (189.4 + 12.8 + 49.7)
=29

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

Tupperware Brands's Operating Margin % for the quarter that ended in Sep. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2023 )/Revenue (Q: Sep. 2023 )
=6.1/259.6
=2.35 %

* 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.

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.


Tupperware Brands Operating Income Related Terms

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Tupperware Brands (Tupperware Brands) Business Description

Traded in Other Exchanges
Address
14901 South Orange Blossom Trail, Orlando, FL, USA, 32837
Tupperware Brands Corp is a consumer products company that designs innovative, functional, and environmentally responsible products. The company distributes its products into nearly 70 countries. The company engages in the marketing, manufacture, and sale of design-centric preparation, storage, and serving solutions for the kitchen and home through the Tupperware brand name. The company primarily uses a direct selling business model to distribute and market products, while continuing to expand digital platforms and business-to-business distribution channels. The company operates its business under four reportable segments in four broad geographic regions namely the Asia Pacific, Europe (Europe, Africa and the Middle East), North America, and South America.
Executives
Lori H Bush director NU SKIN ENTERPRISES INC, 75 WEST CENTER, PROVO UT 84601
Laurie Ann Goldman officer: President and CEO 3344 PEACHTREE ROAD, SUITE 1700, ATLANTA GA 30326
William L Transier director 3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043
Paul Keglevic director STELLUS CAPITAL, 10000 MEMORIAL DRIVE STE 500, HOUSTON TX 77024
Paul Aronzon director 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Brian J Fox officer: Chief Restructuring Officer C/O XERIUM TECHNOLOGIES, INC., 8537 SIX FORKS ROAD, SUITE 300, RALEIGH NC 27615
Richard Goudis director, officer: Executive Vice Chairman C/O HERBALIFE INTERNATIONAL, INC., 1800 CENTURY PARK EAST, LOS ANGELES CA 90067
Fernandez Calero Miguel Angel director, officer: Chief Executive Officer 800 W. OLYMPIC BLVD. SUITE 406, LOS ANGELES CA 90015
Mark S Burgess director C/O GRAHAM PACKAGING HOLDINGS COMPANY, 2410 PLEASANT VALLEY ROAD, YORK PA 17402
Ingen Jim Van officer: EVP Supply Chain C/O TUPPERWARE BRANDS CORPORATION, 14901 S ORANGE BLOSSOM TRAIL, ORLANDO FL 32837
Christopher D Oleary director ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
James H Fordyce director
Pamela Jones Harbour director C/O TUPPERWARE BRANDS CORPORATION, 14901 S ORANGE BLOSSOM TRAIL, ORLANDO FL 32837
Tim Minges director C/O TUPPERWARE BRANDS CORPORATION, 14901 S ORANGE BLOSSOM TRAIL, ORLANDO FL 32837
Hector Lezama officer: Pres., Comm. Bus. Expansion C/O TUPPERWARE BRANDS CORPORATION, 14901 S ORANGE BLOSSOM TRAIL, ORLANDO FL 32837

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