GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Curro Holdings Ltd (JSE:COH) » Definitions » Operating Margin %

Curro Holdings (JSE:COH) Operating Margin % : 18.73% (As of Dec. 2023)


View and export this data going back to 2011. Start your Free Trial

What is Curro Holdings Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Curro Holdings's Operating Income for the six months ended in Dec. 2023 was R438 Mil. Curro Holdings's Revenue for the six months ended in Dec. 2023 was R2,339 Mil. Therefore, Curro Holdings's Operating Margin % for the quarter that ended in Dec. 2023 was 18.73%.

Warning Sign:

Curro Holdings Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -1.7%.

The historical rank and industry rank for Curro Holdings's Operating Margin % or its related term are showing as below:

JSE:COH' s Operating Margin % Range Over the Past 10 Years
Min: 13.33   Med: 15.66   Max: 18.77
Current: 17.72


JSE:COH's Operating Margin % is ranked better than
72.52% of 262 companies
in the Education industry
Industry Median: 8.35 vs JSE:COH: 17.72

Curro Holdings's 5-Year Average Operating Margin % Growth Rate was -1.70% per year.

Curro Holdings's Operating Income for the six months ended in Dec. 2023 was R438 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was R836 Mil.


Curro Holdings Operating Margin % Historical Data

The historical data trend for Curro Holdings's Operating Margin % 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.

Curro Holdings Operating Margin % Chart

Curro Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.55 15.16 14.92 15.85 17.72

Curro Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Operating Margin % 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 15.51 15.12 16.57 16.72 18.73

Competitive Comparison of Curro Holdings's Operating Margin %

For the Education & Training Services subindustry, Curro Holdings's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Curro Holdings's Operating Margin % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Curro Holdings's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Curro Holdings's Operating Margin % falls into.



Curro Holdings Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Curro Holdings's Operating Margin % for the fiscal year that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=836 / 4719
=17.72 %

Curro Holdings'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 )
=438 / 2339
=18.73 %

* 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.


Curro Holdings  (JSE:COH) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

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 (Diluted) 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.


Curro Holdings Operating Margin % Related Terms

Thank you for viewing the detailed overview of Curro Holdings's Operating Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Curro Holdings (JSE:COH) Business Description

Traded in Other Exchanges
N/A
Address
38 Oxford Street, Durbanville, Cape Town, ZAF, 7550
Curro Holdings Ltd is a South African education company that focuses on operating preschools, primary schools, and high schools. The company offers preschool through 12th-grade programs. It has two reportable segments - Curro Schools and Meridian Schools. It generates the majority of the revenue from the Curro Schools segment. Geographically, it operates in South Africa, Namibia, and Botswana.

Curro Holdings (JSE:COH) Headlines

No Headlines