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Hooker Furnishings (Hooker Furnishings) Operating Income : $12.4 Mil (TTM As of Jan. 2024)


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What is Hooker Furnishings Operating Income?

Hooker Furnishings's Operating Income for the three months ended in Jan. 2024 was $0.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2024 was $12.4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Hooker Furnishings's Operating Income for the three months ended in Jan. 2024 was $0.3 Mil. Hooker Furnishings's Revenue for the three months ended in Jan. 2024 was $96.8 Mil. Therefore, Hooker Furnishings's Operating Margin % for the quarter that ended in Jan. 2024 was 0.35%.

Hooker Furnishings'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. Hooker Furnishings's annualized ROC % for the quarter that ended in Jan. 2024 was 0.53%. Hooker Furnishings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 2.16%.


Hooker Furnishings Operating Income Historical Data

The historical data trend for Hooker Furnishings'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.

Hooker Furnishings Operating Income Chart

Hooker Furnishings Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.71 29.95 14.84 -6.03 12.36

Hooker Furnishings Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 -23.67 1.98 1.27 8.77 0.34

Hooker Furnishings 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $12.4 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.


Hooker Furnishings  (NAS:HOFT) Operating Income Explanation

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

Hooker Furnishings's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

ROC % (Q: Jan. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2023 ) + Invested Capital (Q: Jan. 2024 ))/ count )
=1.36 * ( 1 - -8.61% )/( (281.558 + 273.295)/ 2 )
=1.477096/277.4265
=0.53 %

where

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

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

Hooker Furnishings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3.688/( ( (83.281 + max(91.977, 0)) + (79.943 + max(85.573, 0)) )/ 2 )
=3.688/( ( 175.258 + 165.516 )/ 2 )
=3.688/170.387
=2.16 %

where Working Capital is:

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(59.065 + 65.156 + 5.934) - (33.145 + 5.033 + -7.105427357601E-15)
=91.977

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(51.28 + 61.815 + 5.53) - (27.132 + 5.92 + -7.105427357601E-15)
=85.573

When net working capital is negative, 0 is used.

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

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

Hooker Furnishings's Operating Margin % for the quarter that ended in Jan. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2024 )/Revenue (Q: Jan. 2024 )
=0.34/96.774
=0.35 %

* 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.


Hooker Furnishings Operating Income Related Terms

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


Hooker Furnishings (Hooker Furnishings) Business Description

Traded in Other Exchanges
N/A
Address
440 East Commonwealth Boulevard, Martinsville, VA, USA, 24112
Hooker Furnishings Corp formerly Hooker Furniture Corp is a designer, marketer, and importer of case goods, leather furniture, and fabric-upholstered furniture for the residential, hospitality, and contract markets. The company also domestically manufactures premium residential custom leather and custom fabric-upholstered furniture. Its segments are the Hooker Branded, which includes a wide range of design categories, home entertainment, home office, dining, and bedroom furniture; the Home Meridian segment includes Samuel Lawrence Furniture and Pulaski Furniture; and the Domestic Upholstery segment includes the domestic upholstery manufacturing operations of Sam Moore and Shenandoah Furniture and others. The company generates most of its revenue from the Home Meridian Segment.
Executives
Christopher L Henson director 214 N TRYON STREET, CHARLOTTE NC 28202
Maria C Duey director 440 COMMONWEALTH BLVD E, MARTINSVILLE VA 24112
Anne Jacobsen officer: Senior Vice President HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BLVD., MARTINSVILLE VA 24112
Paul A Huckfeldt officer: Chief Financial Officer HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BLVD, MARTINSVILLE VA 24112
Tonya Harris Jackson director HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARD, MARTINSVILLE VA 24112
Beeler W Christopher Jr director C/O HOOKER FURNITURE CORP, P O BOX 4708, MARTINSVILLE VA 24115
Tod R Phelps officer: Sr. VP - Operations PO BOX 4708, MARTINSVILLE VA 24115
Toms Paul B Jr director, officer: Chief Executive Officer HOOKER FURNITURE CORP, 440 E COMMONWEALTH BLVD, MARTINSVILLE VA 24112
Donald Lee Boone officer: Co-President HMI HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARD, MARTINSVILLE VA 24112
Douglas Townsend officer: Co-President HMI HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARDM, MARTINSVILLE VA 24112
Williamson Henry G Jr director HOOKER FURNITURE CORPORATION, POB 4708, MARTINSVILLE VA 24112
E Larry Ryder director C/O HOOKER FURNITURE CORP, P O BOX 4708, MARTINSVILLE VA 24115
Michael W Delgatti officer: President HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BLVD., MARTINSVILLE VA 24112
Paulette Garafalo director HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARD, MARTINSVILLE VA 24112
Jeremy R Hoff officer: President HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARD, MARTINSVILLE VA 24112

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