Nuix (ASX:NXL) Operating Income : A$-58.0 Mil (TTM As of Dec. 2023)

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What is Nuix Operating Income?

Nuix's Operating Income for the six months ended in Dec. 2023 was A$-29.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was A$-58.0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Nuix's Operating Income for the six months ended in Dec. 2023 was A$-29.9 Mil. Nuix's Revenue for the six months ended in Dec. 2023 was A$98.4 Mil. Therefore, Nuix's Operating Margin % for the quarter that ended in Dec. 2023 was -30.39%.

Nuix'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. Nuix's annualized ROC % for the quarter that ended in Dec. 2023 was -17.15%. Nuix's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -80.72%.

Nuix Operating Income Historical Data

The historical data trend for Nuix'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.

Nuix Operating Income Chart

Nuix Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Operating Income

-32.79

-60.40

-47.82

Nuix Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Operating Income	Get a 7-Day Free Trial			-19.72	-40.68	-19.70	-28.13	-29.92

Nuix 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 semi-annually data reported by the company within the most recent 12 months, which was A$-58.0 Mil.

Nuix (ASX:NXL) Operating Income Explanation

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

Nuix'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-59.834 * ( 1 - 5.81% )	/	( (323.896	+	333.524)	/ 2 )
=	-56.3576446	/	328.71
=	-17.15 %

where

	Invested Capital		(Q: Jun. 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	))
=	379.568	-	32.306	-	( 29.588	-	max(0, 83.52	-	106.886	+	29.588	))
=	323.896

	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	))
=	379.734	-	26.247	-	( 23.959	-	max(0, 84.62	-	104.583	+	23.959	))
=	333.524

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Nuix'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-9.03	/	( ( (11.591 + max(-3.528, 0))	+	(10.784 + max(-0.62200000000001, 0)) )	/	2 )
=	-9.03	/	( ( 11.591	+	10.784 )	/	2 )
=	-9.03	/	11.1875
=	-80.72 %

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)
=	(68.534	+	0	+	8.43)	-	(32.306	+	38.998	+	9.188)
=	-3.528

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(72.761	+	0	+	7.863)	-	(26.247	+	0	+	54.999)
=	-0.62200000000001

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Nuix'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 )
	=	-29.917	/	98.441
	=	-30.39 %

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.

Nuix Operating Income Related Terms

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Nuix (ASX:NXL) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

NXLLF:USA

Address

1 Market Street, Level 27, Sydney, NSW, AUS, 2000

Website

https://www.nuix.com

Nuix Ltd is engaged in providing software-related services. It is engaged in the development and distribution of software. The company provides services to advisory firms, litigation support vendors, corporations, government and law enforcement agencies. Its products include Nuix Discover, Nuix Investigate, and Nuix Workstation among others. The group's revenue primarily consists of license fees from customers' right to use the software. Its customers are located in the regions of Asia Pacific, the Americas, and Europe, Middle East and Africa.