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Park Aerospace (Park Aerospace) Operating Income : $8.03 Mil (TTM As of Nov. 2023)


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What is Park Aerospace Operating Income?

Park Aerospace's Operating Income for the three months ended in Nov. 2023 was $1.37 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Nov. 2023 was $8.03 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Park Aerospace's Operating Income for the three months ended in Nov. 2023 was $1.37 Mil. Park Aerospace's Revenue for the three months ended in Nov. 2023 was $11.64 Mil. Therefore, Park Aerospace's Operating Margin % for the quarter that ended in Nov. 2023 was 11.73%.

Good Sign:

Park Aerospace Corp operating margin is expanding. Margin expansion is usually a good sign.

Park Aerospace's 5-Year average Growth Rate for Operating Margin % was 30.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Park Aerospace's annualized ROC % for the quarter that ended in Nov. 2023 was 8.52%. Park Aerospace's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was 14.55%.


Park Aerospace Operating Income Historical Data

The historical data trend for Park Aerospace'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.

Park Aerospace Operating Income Chart

Park Aerospace Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.22 10.74 7.08 11.67 9.95

Park Aerospace Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 2.92 2.22 2.22 2.23 1.37

Park Aerospace 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $8.03 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.


Park Aerospace  (NYSE:PKE) Operating Income Explanation

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

Park Aerospace's annualized ROC % for the quarter that ended in Nov. 2023 is calculated as:

ROC % (Q: Nov. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2023 ) + Invested Capital (Q: Nov. 2023 ))/ count )
=5.46 * ( 1 - 26.01% )/( (47.67 + 47.142)/ 2 )
=4.039854/47.406
=8.52 %

where

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

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

Park Aerospace's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Nov. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2023  Q: Nov. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5.46/( ( (24.103 + max(13.683, 0)) + (23.856 + max(13.405, 0)) )/ 2 )
=5.46/( ( 37.786 + 37.261 )/ 2 )
=5.46/37.5235
=14.55 %

where Working Capital is:

Working Capital(Q: Aug. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.374 + 8.457 + 2.587) - (6.735 + 0 + 0)
=13.683

Working Capital(Q: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.897 + 7.421 + 2.463) - (6.376 + 0 + 0)
=13.405

When net working capital is negative, 0 is used.

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

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

Park Aerospace's Operating Margin % for the quarter that ended in Nov. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Nov. 2023 )/Revenue (Q: Nov. 2023 )
=1.365/11.639
=11.73 %

* 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.


Park Aerospace Operating Income Related Terms

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Park Aerospace (Park Aerospace) Business Description

Traded in Other Exchanges
Address
1400 Old Country Road, Suite 409N, Westbury, New York, NY, USA, 11590
Park Aerospace Corp designs develop and manufactures engineered, Advanced composite materials and composite structures and assemblies and low-volume tooling for the aerospace markets and prototype tooling for such structures and assemblies. It only operating business segments is Aerospace. Geographically, the company derives a majority of revenue from North America and also has a presence in a company operates its business in Asia and Europe. It offers Advanced Composite Prepregs for Aircraft Structures and Interiors, Sigma Strut and Alpha Strut.
Executives
Shane Connor director 10510 SPRINGBORO PIKE, MIAMISBURG OH 45342
Nickel Cory officer: Sr VP and General Manager 816 N. BLAINE ST., NEWTON KS 67114
Dale Blanchfield director 128 HAWTHORNE ROAD, HOPKINS MN 55343
D. Bradley Thress director 250 WEST SPRING STREET, UNIT 615, COLUMBUS OH 43215
Brian E Shore director, officer: President and CEO
Emily J Groehl officer: Sr. VP, Sales and Marketing
Mark A Esquivel officer: Vice President - Aerospace 48 SOUTH SERVICE ROAD, MELVILLE NY 11747
Yvonne Julian director 225 HIDDEN HILLS DRIVE, GREENVILLE SC 29605
Steven T Warshaw director
Stephen E Gilhuley officer: Senior Vice President, Secreta
P. Matthew Farabaugh officer: Vice President and Controller PARK ELECTROCHEMICAL CORP., 48 SOUTH SERVICE ROAD, SUITE 300, MELVILLE X1 11747
Benjamin Wykoff Shore officer: Senior Vice President 31 HARBOR PARK DRIVE, CENTERPORT NY 11721
Robert J Yaniro officer: VP and Corporate Controller 48 SOUTH SERVICE ROAD, MELVILLE NY 11747
Carl William Smith director 10044 E. NACOMA CT., SUN LAKE AZ 85248
Christopher T. Mastrogiacomo officer: V P of Strategic Marketing 48 SOUTH SERVICE ROAD, SUITE 300, MELVILLE NY 11747