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Daystar Technologies (Daystar Technologies) Operating Income : $-3.71 Mil (TTM As of Sep. 2012)


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What is Daystar Technologies Operating Income?

Daystar Technologies's Operating Income for the three months ended in Sep. 2012 was $-1.34 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2012 was $-3.71 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Daystar Technologies's Operating Income for the three months ended in Sep. 2012 was $-1.34 Mil. Daystar Technologies's Revenue for the three months ended in Sep. 2012 was $0.00 Mil. Therefore, Daystar Technologies's Operating Margin % for the quarter that ended in Sep. 2012 was %.

Daystar Technologies'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. Daystar Technologies's annualized ROC % for the quarter that ended in Sep. 2012 was -28.81%. Daystar Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2012 was -41.69%.


Daystar Technologies Operating Income Historical Data

The historical data trend for Daystar Technologies'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.

Daystar Technologies Operating Income Chart

Daystar Technologies Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
Operating Income
Get a 7-Day Free Trial Premium Member Only -27.27 -29.79 -24.34 -23.08 -5.65

Daystar Technologies Quarterly Data
Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12
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 -0.90 -0.56 -0.80 -1.01 -1.34

Daystar Technologies 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. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.71 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.


Daystar Technologies  (OTCPK:DSTI) Operating Income Explanation

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

Daystar Technologies's annualized ROC % for the quarter that ended in Sep. 2012 is calculated as:

ROC % (Q: Sep. 2012 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2012 ) + Invested Capital (Q: Sep. 2012 ))/ count )
=-5.36 * ( 1 - % )/( (18.23 + 18.982)/ 2 )
=-5.36/18.606
=-28.81 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2012) data.

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

Daystar Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2012 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2012 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2012  Q: Sep. 2012
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-5.36/( ( (12.989 + max(-5.667, 0)) + (12.724 + max(-5.406, 0)) )/ 2 )
=-5.36/( ( 12.989 + 12.724 )/ 2 )
=-5.36/12.8565
=-41.69 %

where Working Capital is:

Working Capital(Q: Jun. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.298) - (5.966 + 0 + -0.00099999999999945)
=-5.667

Working Capital(Q: Sep. 2012 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.172) - (5.578 + 0 + -1.7763568394003E-15)
=-5.406

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2012) EBIT data.

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

Daystar Technologies's Operating Margin % for the quarter that ended in Sep. 2012 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2012 )/Revenue (Q: Sep. 2012 )
=-1.34/0
= %

* 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.


Daystar Technologies Operating Income Related Terms

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Daystar Technologies (Daystar Technologies) Business Description

Traded in Other Exchanges
N/A
Address
DayStar Technologies, Inc., a Delaware corporation, was incorporated in February 1997. It completed its initial public offering in February 2004. It is a development stage enterprise, which develops, manufactures and markets products for the solar photovoltaic (PV) industry. The Company has developed a proprietary thin film deposition technology for solar photovoltaic (PV) products. It utilizes a proprietary one-step sputter deposition process and has manufactured a commercial scale deposition tool to apply high-efficiency copper indium gallium diselenide (CIGS) material over large area glass substrates in a continuous fashion. The Company intends to integrate this tool with commercially available thin film manufacturing equipment, which will provide it with a critically differentiated manufacturing process to produce low-cost monolithically integrated, CIGS-on-glass modules that address the grid-tied, ground-based PV market. It has initiated construction of its initial module production line. To facilitate its entry into the addressable solar PV market, it has entered into a contract with Blitzstrom GmbH, one of thin film solar PV integrators, that commits Blitzstrom to purchase a minimum of 50% of its production through 2011, subject to these products meeting defined performance criteria. The solar electricity industry currently supplies modules used in solar PV systems primarily for grid-connected systems.
Executives
William Steckel director 2972 STENDER WAY, SANTA CLARA CA 95054
Richard C Green director 4200 W 115TH STREET, SUITE 210, LEAWOOD KS 66211
Kevin S Flannery director
Richard Nevins director 20580 PALMER AVENUE, SONOMA CA 95476
Scott M Schecter director
Lampe, Conway & Co. Llc 10 percent owner 680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019
Lc Capital International Llc 10 percent owner C/O LAMPE, CONWAY & CO., LLC, 680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019
Lc Capital Advisors Llc 10 percent owner C/O LAMPE, CONWAY & CO., LLC, 680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019
Richard F Conway 10 percent owner C/O LAMPE, CONWAY & CO. LLC, 680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019
Steven Lampe 10 percent owner C/O LAMPE, CONWAY & CO. LLC, 680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019
Lc Capital Master Fund Ltd 10 percent owner C/O TRIDENT FUND SERVICES (BVI) LIMITED, PO BOX 146, WATERFRONT DR, WICKHAMS CAY, ROAD TOWN, TORTOLA D8 00000
Lc Capital Partners Lp 10 percent owner 680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019
Quercus Trust other: Former 10% Owner 2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Steven Aragon officer: Vice-President Engineering 355 SOUTH TECHNOLOGY DRIVE, CENTRAL ISLIP NY 11722
David Gelbaum 10 percent owner, other: Co-Trustee 2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660

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