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Petrolia Energy (Petrolia Energy) Operating Income : $-1.84 Mil (TTM As of Sep. 2023)


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What is Petrolia Energy Operating Income?

Petrolia Energy's Operating Income for the three months ended in Sep. 2023 was $-0.38 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was $-1.84 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Petrolia Energy's Operating Income for the three months ended in Sep. 2023 was $-0.38 Mil. Petrolia Energy's Revenue for the three months ended in Sep. 2023 was $0.90 Mil. Therefore, Petrolia Energy's Operating Margin % for the quarter that ended in Sep. 2023 was -41.70%.

Good Sign:

Petrolia Energy Corp operating margin is expanding. Margin expansion is usually a good sign.

Petrolia Energy's 5-Year average Growth Rate for Operating Margin % was 61.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Petrolia Energy's annualized ROC % for the quarter that ended in Sep. 2023 was -14.69%. Petrolia Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -22.73%.


Petrolia Energy Operating Income Historical Data

The historical data trend for Petrolia Energy'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.

Petrolia Energy Operating Income Chart

Petrolia Energy Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.71 -3.07 -3.04 -1.28 -1.05

Petrolia Energy Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -0.59 -0.04 -0.64 -0.78 -0.38

Petrolia Energy 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.84 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.


Petrolia Energy  (OTCPK:BBLS) Operating Income Explanation

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

Petrolia Energy's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=-1.508 * ( 1 - 0% )/( (10.358 + 10.178)/ 2 )
=-1.508/10.268
=-14.69 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

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

Petrolia Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.356/( ( (5.982 + max(-6.552, 0)) + (5.947 + max(-5.584, 0)) )/ 2 )
=-1.356/( ( 5.982 + 5.947 )/ 2 )
=-1.356/5.9645
=-22.73 %

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)
=(0 + 0 + 0.00099999999999989) - (6.553 + 0 + 0)
=-6.552

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.001) - (5.585 + 0 + 0)
=-5.584

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

Petrolia Energy's Operating Margin % for the quarter that ended in Sep. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2023 )/Revenue (Q: Sep. 2023 )
=-0.377/0.904
=-41.70 %

* 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.


Petrolia Energy Operating Income Related Terms

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


Petrolia Energy (Petrolia Energy) Business Description

Traded in Other Exchanges
N/A
Address
710 North Post Oak Road, Suite 400, Houston, TX, USA, 77024
Petrolia Energy Corp is an oil exploration, development and production company. It acquire's low risk, conventionally producing oil fields. This allows the company to minimize risk and maximize the recoverability of existing reservoirs. It is focused on acquisitions in the Southwest United States. The company's core assets include Twin Lakes San Andres Unit, Slick Unit Dutcher Sands, Askarii Resources, and Minerva-Rockdale Field.
Executives
Zel C Khan officer: President & CEO 7941 KATY FWY, STE 522, HOUSTON TX 77024
Joel Martin Oppenheim director 2035 SUL ROSS STREET, HOUSTON TX 77098
Mark Merle Allen officer: President 4306 STONECROFT CIRCLE, KATY TX 77450
Richard D Dole director 710 N. POST OAK RD., STE. 512, HOUSTON TX 77024
Ivar Siem director 710 N. POST OAK RD., STE. 512, HOUSTON TX 77024
Horacio Alfredo Fernandez officer: Chief Financial Officer 9531 MEADOWVALE DR., HOUSTON TX 77063
Tariq Nawaz Chaudhary officer: Chief Financial Officer 132 MAGENTA CRESCENT, CHESTERMERE A0 T1X0K9
James Edward Burns director 3322 DESERT INN, MONTGOMERY TX 77356
Quinten Beasley director 416 - 42 STREET SW, CALGARY A0 T3C 1Y3
Paul M Deputy officer: Chief Financial Officer 7842 HIGHLAND FARMS, HOUSTON TX 77095
Lee H Lytton director, officer: Secretary 5804 BABCOCK RD, #400, SAN ANTONIO TX 78240
Leo B Womack director, 10 percent owner 710 N. POST OAK ROAD, SUITE 400, HOUSTON TX 77024
David N Baker 10 percent owner 1020 108TH AVENUE, NE SUITE 1004, BELLEVUE WA 98004
Matthew Robert Ferguson director 11044 RESEARCH BLVD., SUITE A-200, AUSTIN TX 78759
Rick Wilber director, 10 percent owner