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Century Extrusions (BOM:500083) Operating Income : ₹194 Mil (TTM As of Mar. 2024)


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What is Century Extrusions Operating Income?

Century Extrusions's Operating Income for the three months ended in Mar. 2024 was ₹45 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was ₹194 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Century Extrusions's Operating Income for the three months ended in Mar. 2024 was ₹45 Mil. Century Extrusions's Revenue for the three months ended in Mar. 2024 was ₹923 Mil. Therefore, Century Extrusions's Operating Margin % for the quarter that ended in Mar. 2024 was 4.84%.

Good Sign:

Century Extrusions Ltd operating margin is expanding. Margin expansion is usually a good sign.

Century Extrusions's 5-Year average Growth Rate for Operating Margin % was 6.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Century Extrusions's annualized ROC % for the quarter that ended in Mar. 2024 was 7.46%. Century Extrusions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 21.69%.


Century Extrusions Operating Income Historical Data

The historical data trend for Century Extrusions'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.

Century Extrusions Operating Income Chart

Century Extrusions Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 105.80 102.30 155.40 186.70 193.80

Century Extrusions Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 49.10 46.30 54.40 48.40 44.70

Century Extrusions 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹194 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.


Century Extrusions  (BOM:500083) Operating Income Explanation

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

Century Extrusions's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=178.8 * ( 1 - 52.67% )/( (0 + 1133.8)/ 1 )
=84.62604/1133.8
=7.46 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Century Extrusions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=199.2/( ( (0 + max(0, 0)) + (295 + max(623.4, 0)) )/ 1 )
=199.2/( ( 0 + 918.4 )/ 1 )
=199.2/918.4
=21.69 %

where Working Capital is:

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

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(353.5 + 396.3 + 248.8) - (289.1 + 0 + 86.1)
=623.4

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Century Extrusions's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=44.7/923
=4.84 %

* 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.


Century Extrusions Operating Income Related Terms

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Century Extrusions (BOM:500083) Business Description

Traded in Other Exchanges
Address
113, Park Street, N Block, 2nd Floor, Kolkata, WB, IND, 700016
Century Extrusions Ltd is a manufacturer of aluminum extruded products. The company operates through two business segments namely the Manufacturing of Aluminium extruded products, and the Manufacturing of Power transmission and distribution line hardware products. The extruded products of the company are used for various applications, such as profiles for architectural, hardware, road transport - vehicles, railways, electrical and electronic applications, engineering applications, the automotive sector, consumer durables, defense, and irrigation. In addition, the company also supplies extruded and cold-drawn wires in coil form to be used as armor rods, detonator shell stock, lamp pin stock, metalizing wire, rivet stock, and welding filler wire.

Century Extrusions (BOM:500083) Headlines

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