Polyus PJSC (Polyus PJSC) Operating Income : $3,294 Mil (TTM As of Dec. 2023)

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What is Polyus PJSC Operating Income?

Polyus PJSC's Operating Income for the six months ended in Dec. 2023 was $1,887 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $3,294 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Polyus PJSC's Operating Income for the six months ended in Dec. 2023 was $1,887 Mil. Polyus PJSC's Revenue for the six months ended in Dec. 2023 was $3,050 Mil. Therefore, Polyus PJSC's Operating Margin % for the quarter that ended in Dec. 2023 was 61.87%.

Good Sign:

Polyus PJSC operating margin is expanding. Margin expansion is usually a good sign.

Polyus PJSC's 5-Year average Growth Rate for Operating Margin % was 0.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Polyus PJSC's annualized ROC % for the quarter that ended in Dec. 2023 was 38.65%. Polyus PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 65.56%.

Polyus PJSC Operating Income Historical Data

The historical data trend for Polyus PJSC'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.

Polyus PJSC Operating Income Chart

Polyus PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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2,272.00

3,239.00

3,111.00

1,996.00

3,294.00

Polyus PJSC Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Operating Income	Get a 7-Day Free Trial														1,746.00	1,069.00	927.00	1,407.00	1,887.00

Polyus PJSC 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 $3,294 Mil.

Polyus PJSC (OTCPK:OPYGY) Operating Income Explanation

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

Polyus PJSC'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 )
=	3774 * ( 1 - 20.34% )	/	( (8351	+	7207)	/ 2 )
=	3006.3684	/	7779
=	38.65 %

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	))
=	9191	-	417	-	( 1734	-	max(0, 2748	-	3171	+	1734	))
=	8351

	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	))
=	9284	-	488	-	( 1711	-	max(0, 1494	-	3083	+	1711	))
=	7207

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:

Polyus PJSC'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 )
=	3464	/	( ( (4708 + max(515, 0))	+	(4899 + max(445, 0)) )	/	2 )
=	3464	/	( ( 5223	+	5344 )	/	2 )
=	3464	/	5283.5
=	65.56 %

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)
=	(69	+	1003	+	320)	-	(417	+	0	+	460)
=	515

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(86	+	925	+	279)	-	(488	+	0	+	357)
=	445

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 %:

Polyus PJSC'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 )
	=	1887	/	3050
	=	61.87 %

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.

Polyus PJSC Operating Income Related Terms

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Polyus PJSC (Polyus PJSC) Business Description

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PLZL:Russia

Address

Krasina Street, 3 Building 1, Cab 801, Moscow, RUS, 123056

Website

http://www.polyus.com

Polyus PJSC and its subsidiaries are engaged in the extraction, refining, and sale of gold. The mining and processing facilities of the company are in the Krasnoyarsk, Irkutsk, Magadan regions, and the Sakha Republic of the Russian Federation. The company is also engaged in the exploration, construction, and research activities to maintain its operations. The operating business segments are the Olimpiada business unit, the Blagodatnoye business unit, the Natalka business unit, the Verninskoye business unit, the Kuranakh business unit, Alluvials business unit, Exploration business unit, Sukhoi Log business unit, and Unallocated.