Chicago Rivet & Machine Co (Chicago Rivet & Machine Co) Operating Income : $-5.84 Mil (TTM As of Dec. 2023)

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What is Chicago Rivet & Machine Co Operating Income?

Chicago Rivet & Machine Co's Operating Income for the three months ended in Dec. 2023 was $-2.14 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-5.84 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Chicago Rivet & Machine Co's Operating Income for the three months ended in Dec. 2023 was $-2.14 Mil. Chicago Rivet & Machine Co's Revenue for the three months ended in Dec. 2023 was $6.78 Mil. Therefore, Chicago Rivet & Machine Co's Operating Margin % for the quarter that ended in Dec. 2023 was -31.51%.

Chicago Rivet & Machine Co's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chicago Rivet & Machine Co's annualized ROC % for the quarter that ended in Dec. 2023 was -25.59%. Chicago Rivet & Machine Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -35.88%.

Chicago Rivet & Machine Co Operating Income Historical Data

The historical data trend for Chicago Rivet & Machine Co'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.

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Chicago Rivet & Machine Co Operating Income Chart

Chicago Rivet & Machine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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0.49

-0.08

1.36

-1.18

-5.84

Chicago Rivet & Machine Co 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															-1.79	-0.78	-1.69	-1.23	-2.14

Chicago Rivet & Machine Co 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 $-5.84 Mil.

Chicago Rivet & Machine Co (AMEX:CVR) Operating Income Explanation

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

Chicago Rivet & Machine Co'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 )
=	-8.548 * ( 1 - 26.91% )	/	( (25.588	+	23.239)	/ 2 )
=	-6.2477332	/	24.4135
=	-25.59 %

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	))
=	30.085	-	1.934	-	( 2.563	-	max(0, 2.234	-	18.194	+	2.563	))
=	25.588

	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	))
=	27.831	-	1.434	-	( 3.158	-	max(0, 1.864	-	15.841	+	3.158	))
=	23.239

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

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

Chicago Rivet & Machine Co'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 )
=	-8.548	/	( ( (11.891 + max(13.397, 0))	+	(11.665 + max(10.701, 0)) )	/	2 )
=	-8.548	/	( ( 25.288	+	22.366 )	/	2 )
=	-8.548	/	23.827
=	-35.88 %

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)
=	(5.806	+	8.795	+	1.03)	-	(1.934	+	0.3	+	0)
=	13.397

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.276	+	7.328	+	0.961)	-	(1.434	+	0.43	+	2.2204460492503E-16)
=	10.701

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 %:

Chicago Rivet & Machine Co'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 )
	=	-2.137	/	6.781
	=	-31.51 %

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.

Chicago Rivet & Machine Co Operating Income Related Terms

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

Chicago Rivet & Machine Co (Chicago Rivet & Machine Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chicago Rivet & Machine Co (AMEX:CVR) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

901 Frontenac Road, Naperville, IL, USA, 60563

Website

https://www.chicagorivet.com

Chicago Rivet & Machine Co is in the fastener industry in North America. The company operates in two segments namely fasteners and assembly equipment. Its fastener segment consists of the manufacture and sale of rivets, cold-formed fasteners, parts, and screw machine products. The assembly equipment segment consists mainly of the manufacture of automatic rivet setting machines, automatic assembly equipment, and parts and tools for such machines. The majority of revenue is from the fastener segment. Geographically, the majority is from the United States.

Executives

Gregory D Rizzo	officer: Chief Executive Officer	901 FRONTENAC ROAD, NAPERVILLE IL 60563
Morrissey Walter W Jr	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
Patricia M Miller	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
James W Morrissey	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
Kurt Moders	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
John C Osterman	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
John L Showel	director	440 S. LASALLE STREET, SUITE 2118, CHICAGO IL 60605
Michael J Bourg	director	901 FRONTENAC ROAD, NAPERVILLE IL 60563
Kent H Cooney	director	11203 COUNTRY CLUB ROAD, WOODSTOCK IL 60098
Labold Jack J Jr	other: Sales Manager	901 FRONTENAC ROAD, NAPERVILLE IL 60563
Divane William T Jr	director	2424 NORTH 25TH AVENUE, FRANKLIN PARK IL 60131
George P Lynch	director	3030 WARRENVILLE ROAD, SUITE 215, LISLE IL 60532