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Actions Semiconductor Co (Actions Semiconductor Co) Operating Income : $-30.95 Mil (TTM As of Jun. 2016)


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What is Actions Semiconductor Co Operating Income?

Actions Semiconductor Co's Operating Income for the three months ended in Jun. 2016 was $-7.86 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2016 was $-30.95 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Actions Semiconductor Co's Operating Income for the three months ended in Jun. 2016 was $-7.86 Mil. Actions Semiconductor Co's Revenue for the three months ended in Jun. 2016 was $13.92 Mil. Therefore, Actions Semiconductor Co's Operating Margin % for the quarter that ended in Jun. 2016 was -56.49%.

Actions Semiconductor Co's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Actions Semiconductor Co's annualized ROC % for the quarter that ended in Jun. 2016 was -18.66%. Actions Semiconductor Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2016 was -41.12%.


Actions Semiconductor Co Operating Income Historical Data

The historical data trend for Actions Semiconductor Co'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.

Actions Semiconductor Co Operating Income Chart

Actions Semiconductor Co Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.94 -13.48 -13.22 -39.49 -30.52

Actions Semiconductor Co Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
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 -5.06 -11.97 -6.53 -4.59 -7.86

Actions Semiconductor Co 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 Jun. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-30.95 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.


Actions Semiconductor Co  (NAS:ACTS) Operating Income Explanation

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

Actions Semiconductor Co's annualized ROC % for the quarter that ended in Jun. 2016 is calculated as:

ROC % (Q: Jun. 2016 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2016 ) + Invested Capital (Q: Jun. 2016 ))/ count )
=-31.448 * ( 1 - 0.23% )/( (171.112 + 165.115)/ 2 )
=-31.3756696/168.1135
=-18.66 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2016) data.

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

Actions Semiconductor Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2016 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2016 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2016  Q: Jun. 2016
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-30.62/( ( (27.714 + max(48.744, 0)) + (26.632 + max(45.85, 0)) )/ 2 )
=-30.62/( ( 76.458 + 72.482 )/ 2 )
=-30.62/74.47
=-41.12 %

where Working Capital is:

Working Capital(Q: Mar. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.68 + 11.952 + 43.453) - (9.404 + 0.162 + 1.775)
=48.744

Working Capital(Q: Jun. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.673 + 12.172 + 43.602) - (12.432 + 0.261 + 1.904)
=45.85

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2016) EBIT data.

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

Actions Semiconductor Co's Operating Margin % for the quarter that ended in Jun. 2016 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2016 )/Revenue (Q: Jun. 2016 )
=-7.862/13.917
=-56.49 %

* 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.


Actions Semiconductor Co Operating Income Related Terms

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Actions Semiconductor Co (Actions Semiconductor Co) Business Description

Traded in Other Exchanges
N/A
Address
Actions Semiconductor Co Ltd an exempted company incorporated under the Companies Law (2013 Revision), as amended, of the Cayman Islands on July 27, 2005. The Company is a fabless semiconductor company that designs, develops and markets integrated platform solutions, including SoCs, firmware, software development tools and reference designs, for manufacturers of portable media players and smart handheld devices such as tablets. It provides integrated platform solutions to tablet and portable media player manufacturers, brand owners and value-added distributors that enable them to accelerate the time-to-market for their products. Its integrated platform solutions, which comprise SoCs, firmware, software development tools and reference designs, obviate the need for its customers to invest in costly and time-consuming internal firmware and software development for their products, or to source them from multiple suppliers. The Company's network of third-party value-added distributors and applications developers enable its customers to quickly introduce products with differentiated features and to cost-effectively customize its solutions. Its mixed-signal design capabilities allows it to integrate analog and digital components using a compact system architecture in its portable media player SoCs, and enable its customers to reduce their overall costs and produce smaller, more power-efficient portable products. The Company's proximity to the China-based manufacturers of tablets and portable media players and presence in the rapidly evolving China market for tablets and portable media players enables the Company to identify market trends and align its product development efforts with these market trends. The Company's research and development efforts during 2011, 2012 and 2013 focused principally on: (i) the development of tablets solutions and applications including ATM7029, ATM7021 and ATM7039, (ii) the improvement of traditional portable media player and boombox solutions including ATJ331X/AK211X/ATJ212X series, ATJ225X/ATJ227X series and ATS25XX/ATS26XX series. The Company faces competition from SoC platform providers such as ALi, AllWinner, Amlogic, Anyka, BestRely, Buildwin, Freescale, General Plus, Infotmic, Ingenic, Intel, JieLI, MVSilicon, Rockchips, Vmicro and WonderMedia. As it diversifies and expands its product categories, it may also face competition from other semiconductor companies and manufacturers of consumer electronics and mobile devices.
Executives
Paul Hsiao director 1119 ST PAUL STREET BALTIMORE MD 21202

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