EVI Industries (EVI Industries) Operating Income : $12.0 Mil (TTM As of Mar. 2024)

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What is EVI Industries Operating Income?

EVI Industries's Operating Income for the three months ended in Mar. 2024 was $2.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $12.0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. EVI Industries's Operating Income for the three months ended in Mar. 2024 was $2.4 Mil. EVI Industries's Revenue for the three months ended in Mar. 2024 was $84.0 Mil. Therefore, EVI Industries's Operating Margin % for the quarter that ended in Mar. 2024 was 2.87%.

Warning Sign:

EVI Industries Inc operating margin has been in a 5-year decline. The average rate of decline per year is -1.7%.

EVI Industries's 5-Year average Growth Rate for Operating Margin % was -1.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. EVI Industries's annualized ROC % for the quarter that ended in Mar. 2024 was 2.70%. EVI Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 15.60%.

EVI Industries Operating Income Historical Data

The historical data trend for EVI Industries'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.

EVI Industries Operating Income Chart

EVI Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Operating Income

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7.01

2.78

3.25

6.39

16.51

EVI Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Operating Income	Get a 7-Day Free Trial															4.47	4.01	2.62	2.95	2.41

EVI Industries 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $12.0 Mil.

EVI Industries (AMEX:EVI) Operating Income Explanation

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

EVI Industries's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	9.632 * ( 1 - 44.84% )	/	( (197.31	+	196.235)	/ 2 )
=	5.3130112	/	196.7725
=	2.70 %

where

	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	))
=	247.016	-	45.442	-	( 4.264	-	max(0, 72.159	-	116.871	+	4.264	))
=	197.31

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	239.309	-	39.77	-	( 3.304	-	max(0, 72.261	-	110.434	+	3.304	))
=	196.235

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

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

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

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	9.632	/	( ( (23.352 + max(40.374, 0))	+	(22.585 + max(37.143, 0)) )	/	2 )
=	9.632	/	( ( 63.726	+	59.728 )	/	2 )
=	9.632	/	61.727
=	15.60 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(44.255	+	56.172	+	8.611)	-	(45.442	+	23.222	+	1.4210854715202E-14)
=	40.374

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(44.848	+	52.87	+	8.414)	-	(39.77	+	29.219	+	0)
=	37.143

When net working capital is negative, 0 is used.

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

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

EVI Industries's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	2.408	/	83.979
	=	2.87 %

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.

EVI Industries Operating Income Related Terms

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

EVI Industries (EVI Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » EVI Industries Inc (AMEX:EVI) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

4500 Biscayne Boulevard, Suite 340, Miami, FL, USA, 33137

Website

https://www.evi-ind.com

EVI Industries Inc through its subsidiaries, is a distributor that sells, leases, and rents commercial, industrial, and vended laundry and dry cleaning equipment and steam and hot water boilers manufactured by others, supplies related replacement parts and accessories, designs and plans turn-key laundry, dry cleaning, and boiler systems, and provides installation and maintenance services to its customers, which include commercial, industrial, institutional, government, and retail customers. These activities are conducted in the United States, Canada, the Caribbean and Latin America.

Executives

Hal M Lucas	director	290 NE 68 STREET, MIAMI FL 33138
Thomas Marks	officer: EVP, Business Development	2331 TRIPALDI WAY, HAYWARD CA 94545
Henry M Nahmad	director, 10 percent owner, officer: Chairman, CEO and President	C/O ENVIROSTAR, INC., 290 NE 68 STREET, MIAMI FL 33138
Robert Lazar	officer: Chief Financial Officer	770 SOUTH DIXIE HIGHWAY #200, CORAL CABLES FL 33146
David Blyer	director
Glen Kruger	director	4500 BISCAYNE BOULEVARD, SUITE 340, MIAMI FL 33137
Timothy P Lamacchia	director	290 N.E. 68TH STREET, MIAMI FL 33138
Western State Design, Llc	10 percent owner	2331 TRIPALDI WAY, HAYWARD CA 94545
Dennis W. Mack	director, 10 percent owner, officer: Executive Vice President	2331 TRIPALDI WAY, HAYWARD CA 94545
Michael S Steiner	director, 10 percent owner, officer: President and CEO	290 NE 68 STREET, MIAMI FL 33138
Symmetric Capital Ii Llc	10 percent owner	290 NE 68 STREET, MIAMI FL 33138
Todd Oretsky	director	330 SW 2ND STREET, SUITE 209, FORT LAUDERDALE FL 33312
Symmetric Capital Llc	10 percent owner	C/O ENVIROSTAR, INC., 290 NE 68 STREET, MIAMI FL 33138
Robert M Steiner	10 percent owner	315 CORNWALL STREET, SAN FRANCISCO CA 94118
Indelicato Venerando	director, officer: Treasurer and CFO	12307 MARBLEHEAD DRIVE, TAMPA FL 33626