Lenta IPJSC (MIC:LENT) Operating Income : ₽846 Mil (TTM As of Jun. 2023)

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What is Lenta IPJSC Operating Income?

Lenta IPJSC's Operating Income for the six months ended in Jun. 2023 was ₽846 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2023 was ₽846 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Lenta IPJSC's Operating Income for the six months ended in Jun. 2023 was ₽846 Mil. Lenta IPJSC's Revenue for the six months ended in Jun. 2023 was ₽257,153 Mil. Therefore, Lenta IPJSC's Operating Margin % for the quarter that ended in Jun. 2023 was 0.33%.

Warning Sign:

Lenta IPJSC operating margin has been in a 5-year decline. The average rate of decline per year is -8.7%.

Lenta IPJSC's 5-Year average Growth Rate for Operating Margin % was -8.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lenta IPJSC's annualized ROC % for the quarter that ended in Jun. 2023 was 0.55%. Lenta IPJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 1.96%.

Lenta IPJSC Operating Income Historical Data

The historical data trend for Lenta IPJSC'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.

Lenta IPJSC Operating Income Chart

Lenta IPJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Operating Income

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25,703.86

22,414.57

19,484.92

24,568.08

23,745.52

Lenta IPJSC Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Operating Income	Get a 7-Day Free Trial															10,143.50	9,989.02	13,756.50	7,062.36	845.82

Lenta IPJSC 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₽846 Mil.

Lenta IPJSC (MIC:LENT) Operating Income Explanation

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

Lenta IPJSC's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	1691.636 * ( 1 - 15.01% )	/	( (0	+	262415.887)	/ 1 )
=	1437.7214364	/	262415.887
=	0.55 %

where

	Invested Capital		(Q: Jun. 2022 )
=	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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	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	))
=	331801.891	-	54187.6	-	( 30276.278	-	max(0, 89708.765	-	104907.169	+	30276.278	))
=	262415.887

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

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

Lenta IPJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	4252.984	/	( ( (0 + max(0, 0))	+	(211742.602 + max(4907.359, 0)) )	/	1 )
=	4252.984	/	( ( 0	+	216649.961 )	/	1 )
=	4252.984	/	216649.961
=	1.96 %

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(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: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7941.421	+	52933.157	+	6885.375)	-	(54187.6	+	0	+	8664.994)
=	4907.359

When net working capital is negative, 0 is used.

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

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

Lenta IPJSC's Operating Margin % for the quarter that ended in Jun. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	845.818	/	257152.928
	=	0.33 %

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.

Lenta IPJSC Operating Income Related Terms

Thank you for viewing the detailed overview of Lenta IPJSC's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Lenta IPJSC (MIC:LENT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lenta IPJSC (MIC:LENT) » Definitions » Operating Income

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Address

112B & 119 Savushkina Street, Saint Petersburg, RUS, 197374

Website

https://corp.lenta.com

Lenta IPJSC, formerly Lenta PLC operates a chain of retail stores in Russia. The company operates more than 200 hypermarkets in Russia. It also has more than 100 supermarkets in Moscow and St. Petersburg. Through its hypermarkets and supermarkets, it sells products varying from household goods, daily need products, food, and drinks. Revenues are generated by the sale of these products directly to the consumer.

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