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PT Media Nusantara Citra Tbk (ISX:MNCN) Operating Income : Rp1,396,070 Mil (TTM As of Mar. 2024)


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What is PT Media Nusantara Citra Tbk Operating Income?

PT Media Nusantara Citra Tbk's Operating Income for the three months ended in Mar. 2024 was Rp749,360 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was Rp1,396,070 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. PT Media Nusantara Citra Tbk's Operating Income for the three months ended in Mar. 2024 was Rp749,360 Mil. PT Media Nusantara Citra Tbk's Revenue for the three months ended in Mar. 2024 was Rp2,327,658 Mil. Therefore, PT Media Nusantara Citra Tbk's Operating Margin % for the quarter that ended in Mar. 2024 was 32.19%.

Warning Sign:

PT Media Nusantara Citra Tbk operating margin has been in a 5-year decline. The average rate of decline per year is -10.4%.

PT Media Nusantara Citra Tbk's 5-Year average Growth Rate for Operating Margin % was -10.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PT Media Nusantara Citra Tbk's annualized ROC % for the quarter that ended in Mar. 2024 was 11.88%. PT Media Nusantara Citra Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 21.06%.


PT Media Nusantara Citra Tbk Operating Income Historical Data

The historical data trend for PT Media Nusantara Citra Tbk'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.

PT Media Nusantara Citra Tbk Operating Income Chart

PT Media Nusantara Citra Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,259,000.00 2,820,193.00 3,505,459.00 2,917,574.00 1,500,916.00

PT Media Nusantara Citra Tbk 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 854,206.00 236,518.00 197,991.00 212,201.00 749,360.00

PT Media Nusantara Citra Tbk 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 Rp1,396,070 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.


PT Media Nusantara Citra Tbk  (ISX:MNCN) Operating Income Explanation

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

PT Media Nusantara Citra Tbk'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 )
=2997440 * ( 1 - 15.79% )/( (20989136 + 21489187)/ 2 )
=2524144.224/21239161.5
=11.88 %

where

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))
=22765563 - 133212 - ( 1643215 - max(0, 1226902 - 9855425+1643215))
=20989136

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))
=23271945 - 135340 - ( 1647418 - max(0, 1205972 - 10346638+1647418))
=21489187

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

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

PT Media Nusantara Citra Tbk'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 )
=3012236/( ( (6452917 + max(7790719, 0)) + (6442392 + max(7919164, 0)) )/ 2 )
=3012236/( ( 14243636 + 14361556 )/ 2 )
=3012236/14302596
=21.06 %

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)
=(3129711 + 3794661 + 1022000) - (133212 + 0 + 22441)
=7790719

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3135271 + 3851871 + 1091597) - (135340 + 0 + 24235)
=7919164

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 %:

PT Media Nusantara Citra Tbk'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 )
=749360/2327658
=32.19 %

* 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.


PT Media Nusantara Citra Tbk Operating Income Related Terms

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PT Media Nusantara Citra Tbk (ISX:MNCN) Business Description

Traded in Other Exchanges
Address
Jalan Kebon Sirih Kav. 17 - 19, MNC Tower, 26th Floor, Central Jakarta, Jakarta, IDN, 10340
PT Media Nusantara Citra Tbk is a diversified media company. The business is divided into three segments, which include Advertisement; Content; and Others. The Advertising segment provides digital and non-digital advertisement. The firm offers pay video service (live streaming, VOD, original productions, and other creative content), news aggregator, audio aggregator, television stations, radio interests, print media, production business, online content, and advertising. The company generates the vast majority of its revenue in Indonesia.

PT Media Nusantara Citra Tbk (ISX:MNCN) Headlines

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