Flanigan'S Enterprises (Flanigan'S Enterprises) Operating Income : $5.6 Mil (TTM As of Dec. 2023)

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What is Flanigan'S Enterprises Operating Income?

Flanigan'S Enterprises's Operating Income for the three months ended in Dec. 2023 was $0.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $5.6 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Flanigan'S Enterprises's Operating Income for the three months ended in Dec. 2023 was $0.5 Mil. Flanigan'S Enterprises's Revenue for the three months ended in Dec. 2023 was $44.8 Mil. Therefore, Flanigan'S Enterprises's Operating Margin % for the quarter that ended in Dec. 2023 was 1.20%.

Warning Sign:

Flanigan'S Enterprises Inc operating margin has been in a 5-year decline. The average rate of decline per year is -6.4%.

Flanigan'S Enterprises's 5-Year average Growth Rate for Operating Margin % was -6.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Flanigan'S Enterprises's annualized ROC % for the quarter that ended in Dec. 2023 was 1.86%. Flanigan'S Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.11%.

Flanigan'S Enterprises Operating Income Historical Data

The historical data trend for Flanigan'S Enterprises'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.

Flanigan'S Enterprises Operating Income Chart

Flanigan'S Enterprises Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Operating Income

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5.55

2.23

7.88

6.12

6.07

Flanigan'S Enterprises Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Operating Income	Get a 7-Day Free Trial															0.98	2.49	2.45	0.15	0.54

Flanigan'S Enterprises 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 quarterly data reported by the company within the most recent 12 months, which was $5.6 Mil.

Flanigan'S Enterprises (AMEX:BDL) Operating Income Explanation

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

Flanigan'S Enterprises'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	2.16 * ( 1 - -3.13% )	/	( (118.598	+	120.85)	/ 2 )
=	2.227608	/	119.724
=	1.86 %

where

	Invested Capital		(Q: Sep. 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	))
=	145.769	-	14.248	-	( 25.532	-	max(0, 22.371	-	35.294	+	25.532	))
=	118.598

	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	))
=	145.942	-	13.176	-	( 26.897	-	max(0, 24.33	-	36.246	+	26.897	))
=	120.85

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

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

Flanigan'S Enterprises'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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3.352	/	( ( (108.077 + max(-9.763, 0))	+	(107.769 + max(-12.042, 0)) )	/	2 )
=	3.352	/	( ( 108.077	+	107.769 )	/	2 )
=	3.352	/	107.923
=	3.11 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	7.198	+	1.73)	-	(14.248	+	2.635	+	1.808)
=	-9.763

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	7.677	+	0.88800000000001)	-	(13.176	+	4.852	+	2.579)
=	-12.042

When net working capital is negative, 0 is used.

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

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

Flanigan'S Enterprises'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 )
	=	0.54	/	44.838
	=	1.20 %

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.

Flanigan'S Enterprises Operating Income Related Terms

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

Flanigan'S Enterprises (Flanigan'S Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Flanigan'S Enterprises Inc (AMEX:BDL) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

0DY:Germany

Address

5059 N.E. 18th Avenue, Fort Lauderdale, FL, USA, 33334

Website

https://www.flanigans.net

Flanigan'S Enterprises Inc operates as a chain of small cocktail lounges and packages liquor stores throughout South Florida. Its menu consists of a wide variety of options including prime rib, steaks, pasta, entree salads, burgers, a variety of sandwiches, and oversized signature desserts. The business activity is principally conducted in two segments namely Restaurant and Package liquor store segment. Its Restaurant segment offers alcoholic beverages and full food service and Package stores consist of retail liquor sales and related items. The company generates maximum revenue from Restaurant segment.

Executives

E. Mary Bennett	director	2168 CENTERVIEW CT N, CLEARWATER FL 33759
Christopher Barry Oneil	director	4101 NE 26TH AVENUE, LIGHTHOUSE POINT FL 33064
August Bucci	director, officer: Chief Operating Officer	13078 NORTHWEST 23RD ST, PEMBROKE PINES FL 33028
James Ii Flanigan	director, officer: President	5059 NORTHEAST 18TH AVE, FORT LAUDERDALE FL 33334
Jeffrey D Kastner	director, officer: CFO & Secretary	5059 N.E. 18TH AVENUE, FORT LAUDERDALE FL 33334
Christopher Jeff Nelms	director	724 SE 17TH TERRACE, DEERFIELD BEACH FL 33441
Michael B Flanigan	director	601 OVERLOOK DRIVE, STUART FL 34994
Barbara J Kronk	director	9990 N.W. 39TH STREET, HOLLYWOOD FL 33024
Jean Picard	officer: VP of Package Operations	8351 NORTHWEST 166TH TERRACE, MIAMI FL 33016
Patrick J Flanigan	director	1750 NORTHWEST RIVER TRAIL, STUART FL 34994
Joseph G Flanigan	director, officer: Chariman & CEO	6 GATEHOUSE ROAD, SEA RANCH LAKES FL 33308