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RDB Rasayans (BOM:533608) Operating Income : ₹152 Mil (TTM As of Mar. 2024)


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What is RDB Rasayans Operating Income?

RDB Rasayans's Operating Income for the three months ended in Mar. 2024 was ₹28 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was ₹152 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. RDB Rasayans's Operating Income for the three months ended in Mar. 2024 was ₹28 Mil. RDB Rasayans's Revenue for the three months ended in Mar. 2024 was ₹261 Mil. Therefore, RDB Rasayans's Operating Margin % for the quarter that ended in Mar. 2024 was 10.65%.

Good Sign:

RDB Rasayans Ltd operating margin is expanding. Margin expansion is usually a good sign.

RDB Rasayans's 5-Year average Growth Rate for Operating Margin % was 21.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. RDB Rasayans's annualized ROC % for the quarter that ended in Mar. 2024 was 5.40%. RDB Rasayans's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 111.79%.


RDB Rasayans Operating Income Historical Data

The historical data trend for RDB Rasayans'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.

RDB Rasayans Operating Income Chart

RDB Rasayans 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 84.66 174.56 159.14 181.22 152.21

RDB Rasayans 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 1.20 56.12 29.76 38.50 27.82

RDB Rasayans 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 ₹152 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.


RDB Rasayans  (BOM:533608) Operating Income Explanation

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

RDB Rasayans'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 )
=111.288 * ( 1 - 24.5% )/( (0 + 1555.194)/ 1 )
=84.02244/1555.194
=5.40 %

where

Invested Capital(Q: Mar. 2024 )
=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))
=1942.544 - 43.872 - ( 343.478 - max(0, 59.224 - 1777.167+343.478))
=1555.194

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

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

RDB Rasayans'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 )
=309.48/( ( (0 + max(0, 0)) + (128.62 + max(148.211, 0)) )/ 1 )
=309.48/( ( 0 + 276.831 )/ 1 )
=309.48/276.831
=111.79 %

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)
=(143.979 + 38.777 + 16.233) - (43.872 + 0 + 6.906)
=148.211

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 %:

RDB Rasayans'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 )
=27.822/261.293
=10.65 %

* 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.


RDB Rasayans Operating Income Related Terms

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RDB Rasayans (BOM:533608) Business Description

Traded in Other Exchanges
N/A
Address
8/1 Lal Bazar Street, Bikaner Building, 3rd Floor, Room No. 9, Kolkata, WB, IND, 700001
RDB Rasayans Ltd is a manufacturer of polymer-based woven bags & FIBC (Jumbo bags) in India. It is engaged in the manufacturing of woven sacks, fabric, flexible intermediate bulk container (FIBC) and liner. Its woven sacks products include food grade bags, fertilizer bags, sugar bags, standard cement bags, and tea/coffee bags. Its fabric products include un-laminate and laminate fabric, ventilated fabric, transparent fabric, and polypropylene (PP) and jute mix fabric. Its FIBC products include circular bags, pallet-less baffle bags, sleeve bags, potato's bags, conical bags and asbestos bags. Geographically the company generates the majority of its revenue Within India.

RDB Rasayans (BOM:533608) Headlines

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