Operating Leverage: Calculation and Meaning

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  • เผยแพร่เมื่อ 27 ธ.ค. 2024

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  • @oussemaklai
    @oussemaklai ปีที่แล้ว +1

    Thank you for this great tutorial !

  • @MsNancy45
    @MsNancy45 9 ปีที่แล้ว +2

    Really appreciate if you could upload more video!

    • @financialmodeling
      @financialmodeling  9 ปีที่แล้ว

      Luisa Lui There are thousands of videos in our online courses. We do share a good number here, but we're never going to publicly post everything or more than ~10% or so of what is available to our customers. We generally upload 2-3 new lessons per month.

  • @mohammedsindi761
    @mohammedsindi761 3 ปีที่แล้ว

    Thank you for the great video!! But what is the interpretation if we get a negative operating leverage?

    • @financialmodeling
      @financialmodeling  3 ปีที่แล้ว +1

      It just means the company's operating income will fall proportionally more than revenue when there's a decrease in revenue. This is generally seen as a negative, but, again, it depends on the business model and company.

  • @aktiecase
    @aktiecase 5 ปีที่แล้ว +1

    Great video! Cheers

  • @enricocoleman7834
    @enricocoleman7834 5 ปีที่แล้ว +1

    Thank you for the great help 👍🏼

  • @cantbeanelegbede
    @cantbeanelegbede 9 ปีที่แล้ว +3

    great video totally learned much thanks

  • @doannguyenduc5664
    @doannguyenduc5664 ปีที่แล้ว

    I saw the formula Net Income/Fixed Costs to get the DOL. I couldn't find this formula anywhere else. Could you please explain it to me?

    • @financialmodeling
      @financialmodeling  ปีที่แล้ว +1

      Sorry, I'm not sure about that one. I would net to see an example to say anything useful - as we don't normally define Operating Leverage like that.

    • @doannguyenduc5664
      @doannguyenduc5664 ปีที่แล้ว

      Sir, I saw that formula in this video.

    • @financialmodeling
      @financialmodeling  ปีที่แล้ว +1

      @@doannguyenduc5664 It is mentioned briefly on one of the slides here, but we don't use it in the Excel file or recommend using it, as it makes less sense than the others. I don't recall exactly where we found this reference because this video is from ~8 years ago, but a book or textbook must have included it somewhere. But I would not worry about this at all since it's not used much, if at all, in real life.

    • @doannguyenduc5664
      @doannguyenduc5664 ปีที่แล้ว

      Thank you so much!

  • @francescamichelini4833
    @francescamichelini4833 9 ปีที่แล้ว +1

    Very useful. Great.

  • @johnyy5563
    @johnyy5563 5 ปีที่แล้ว

    I want to ask that if the company revenue grow to estimately 59%
    It is possible the company profit going grow to? And it true that the company percentage of operating income going lower that the % of sale if the company have a lower operating leverage?

    • @financialmodeling
      @financialmodeling  5 ปีที่แล้ว

      It's impossible to say without more information. What are the company's current margins? What is its cost structure? What is its industry and maturity stage? Just knowing the revenue growth is not enough. Lower operating margins don't necessarily mean lower operating leverage... you need to look at the breakout between fixed and variable costs.

  • @akmaroma
    @akmaroma 8 ปีที่แล้ว

    really useful video.thanks for sharing.

  • @MrSifaperdire
    @MrSifaperdire 5 ปีที่แล้ว +1

    Thanks

  • @johnyy5563
    @johnyy5563 5 ปีที่แล้ว +1

    And also how to describe a lower operating leverage company managed to increase its income so much with a 50% increase in sales?

    • @financialmodeling
      @financialmodeling  5 ปีที่แล้ว +1

      Maybe by reducing its fixed or variable costs, changing the ratio of those costs, getting rid of lower-performing groups or divisions, or something else like that. There could be dozens of reasons.