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AstroNova (AstroNova) Operating Income : $8.8 Mil (TTM As of Jan. 2024)


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What is AstroNova Operating Income?

AstroNova's Operating Income for the three months ended in Jan. 2024 was $3.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2024 was $8.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. AstroNova's Operating Income for the three months ended in Jan. 2024 was $3.9 Mil. AstroNova's Revenue for the three months ended in Jan. 2024 was $39.6 Mil. Therefore, AstroNova's Operating Margin % for the quarter that ended in Jan. 2024 was 9.89%.

Good Sign:

AstroNova Inc operating margin is expanding. Margin expansion is usually a good sign.

AstroNova's 5-Year average Growth Rate for Operating Margin % was 7.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AstroNova's annualized ROC % for the quarter that ended in Jan. 2024 was 10.71%. AstroNova's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 23.60%.


AstroNova Operating Income Historical Data

The historical data trend for AstroNova'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.

AstroNova Operating Income Chart

AstroNova Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.43 2.43 4.26 5.44 8.80

AstroNova Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 2.10 1.46 -1.20 4.62 3.91

AstroNova 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $8.8 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.


AstroNova  (NAS:ALOT) Operating Income Explanation

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

AstroNova's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

ROC % (Q: Jan. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2023 ) + Invested Capital (Q: Jan. 2024 ))/ count )
=15.656 * ( 1 - 19.12% )/( (119.475 + 116.899)/ 2 )
=12.6625728/118.187
=10.71 %

where

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

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

AstroNova's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=16.52/( ( (14.902 + max(55.962, 0)) + (14.788 + max(54.361, 0)) )/ 2 )
=16.52/( ( 70.864 + 69.149 )/ 2 )
=16.52/70.0065
=23.60 %

where Working Capital is:

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(21.999 + 47.005 + 3.056) - (9.901 + 1.441 + 4.756)
=55.962

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(23.056 + 46.371 + 2.72) - (11.825 + 1.338 + 4.623)
=54.361

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

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

AstroNova's Operating Margin % for the quarter that ended in Jan. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2024 )/Revenue (Q: Jan. 2024 )
=3.914/39.593
=9.89 %

* 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.


AstroNova Operating Income Related Terms

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


AstroNova (AstroNova) Business Description

Traded in Other Exchanges
Address
600 East Greenwich Avenue, West Warwick, RI, USA, 02893
AstroNova Inc designs develops, manufactures and distributes a broad range of specialty printers and data acquisition and analysis systems, including both hardware and software, which incorporate advanced technologies to acquire, store, analyze, and present data in multiple formats. Target markets for its hardware and software products include aerospace, apparel, automotive, avionics, chemicals, computer peripherals, communications, distribution, food and beverage, general manufacturing, packaging and transportation. Its business consists of two segments, Product Identification and Test & Measurement. It derives revenue from The PI segment that includes specialty printing systems and related supplies sold under the QuickLabel, TrojanLabel and GetLabels brand names.
Executives
Alexis P Michas director 940 WINTER STREET, C/O PERKINELMER, WALTHAM MA 02451
Yvonne Schlaeppi director 600 EAST GREENWICH AVENUE, WEST WARWICK X1 02893
Richard S Warzala director 495 COMMERCE DRIVE, AMHERST NY 14228
Thomas Wayne Carll officer: Vice President 264 CASTLE ROCKS ROAD, WARWICK RI 02864
David S Smith officer: Chief Financial Officer C/O STANDARD MICROSYSTEMS CORPORATION, 80 ARKAY DRIVE, HAUPPAUGE NY 11788
Mitchell I Quain director 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Jean A Bua director
Harold Schofield director 9 ATLANTIC AVENUE, NARRAGANSETT RI 02882
Michael J Natalizia officer: Vice President and CTO 50 EDGEWATER ROAD, NARRAGANSETT RI 02882
Michael Morawetz officer: VP - International Branches 36396 STEINAU, SUDENTENSTRASSE 2M 12
Everett V Pizzuti director ADAMS J GWALTNEY, 1500 FLEET CENTER, PROVIDENCE RI 029302393
Albert W. Ondis Declaration Of Trust 10 percent owner 515 BEACH ROAD, FAIRFIELD CT 02903
Eric E Pizzuti officer: Vice President 72 FOOTE STREET, BARRINGTON RI 02806
John P Jordan officer: Chief Financial Officer 600 EAST GREENWICH AVENUE, WEST WARWICK RI 02893
April Ondis director C/O ASTRO-MED, INC., 600 EAST GREENWICH AVENUE, PROVIDENCE RI 02893