Q.E.P. Co (Q.E.P. Co) Operating Income : $3.8 Mil (TTM As of Nov. 2023)

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What is Q.E.P. Co Operating Income?

Q.E.P. Co's Operating Income for the three months ended in Nov. 2023 was $2.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Nov. 2023 was $3.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Q.E.P. Co's Operating Income for the three months ended in Nov. 2023 was $2.7 Mil. Q.E.P. Co's Revenue for the three months ended in Nov. 2023 was $74.6 Mil. Therefore, Q.E.P. Co's Operating Margin % for the quarter that ended in Nov. 2023 was 3.55%.

Q.E.P. 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. Q.E.P. Co's annualized ROC % for the quarter that ended in Nov. 2023 was 7.20%. Q.E.P. Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was 11.19%.

Q.E.P. Co Operating Income Historical Data

The historical data trend for Q.E.P. 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.

* Premium members only.

Q.E.P. Co Operating Income Chart

Q.E.P. Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Operating Income

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-5.82

-8.67

11.95

14.10

3.90

Q.E.P. Co 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															2.14	-3.83	2.00	2.96	2.65

Q.E.P. 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.8 Mil.

Q.E.P. Co (OTCPK:QEPC) Operating Income Explanation

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

Q.E.P. Co'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 )
=	10.6 * ( 1 - 28.01% )	/	( (124.004	+	87.896)	/ 2 )
=	7.63094	/	105.95
=	7.20 %

where

	Invested Capital		(Q: Aug. 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	))
=	182.156	-	44.9	-	( 13.252	-	max(0, 73.475	-	125.943	+	13.252	))
=	124.004

	Invested Capital		(Q: Nov. 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	))
=	150.459	-	37.217	-	( 25.346	-	max(0, 50.586	-	109.578	+	25.346	))
=	87.896

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

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

Q.E.P. Co'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 )
=	10.6	/	( ( (40.337 + max(67.791, 0))	+	(34.579 + max(46.786, 0)) )	/	2 )
=	10.6	/	( ( 108.128	+	81.365 )	/	2 )
=	10.6	/	94.7465
=	11.19 %

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)
=	(49.06	+	58.03	+	5.601)	-	(44.9	+	0	+	0)
=	67.791

	Working Capital		(Q: Nov. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(38.679	+	41.845	+	3.708)	-	(37.217	+	0	+	0.229)
=	46.786

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 %:

Q.E.P. Co'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 )
	=	2.65	/	74.575
	=	3.55 %

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.

Q.E.P. Co Operating Income Related Terms

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

Q.E.P. Co (Q.E.P. Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Q.E.P. Co Inc (OTCPK:QEPC) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

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Address

1001 Broken Sound Parkway North West, Suite A, Boca Raton, FL, USA, 33487

Website

https://www.qep.com

Q.E.P. Co Inc is a provider of flooring and industrial solutions. The company is a manufacturer, marketer, and distributor of hardwood and laminate flooring, flooring installation tools, adhesives and flooring related products targeted for the professional installer as well as the do-it-yourselfer. It also provides industrial tools to the industrial trades under brand names including QEP, ROBERTS, Capitol, Harris Wood, Fausfloor, Vitrex, Homelux, TileRite, PRCI, Nupla, HISCO, Plasplugs, Ludell, Porta-Nails, Tomecanic, Benetiere, and Elastiment. The company sells its products to home improvement retail centers, specialty distribution outlets, municipalities and industrial solution providers in an approx 50 states and throughout the world.

Executives

Lawrence P Levine	officer: SVP and General Counsel	1001 BROKEN SOUND PARKWAY NW, SUITE A, BOCA RATON FL 33487
Robert G Walters	director	1001 BROKEN SOUND PARKWAY NW SUITE A, BOCA RATON FL 33487
Kenneth Weiss	officer: SVP Commercial Sales	1001 BROKEN SOUND PARKWAY NW SUITE A, BOCA RATON FL 33487
David L Kreilein	director	2930 INDUSTRIEAL ST, WISCONSIN RAPIDS WI 54495-8020
Muir Robert W Jr	director
Laura M Holm	director	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, NW, SUITE A, BOCA RATON FL 33487
James Brower	officer: Chief Operating Officer	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, NW, SUITE A, BOCA RATON FL 33487
Jamie Clingan	officer: Vice President Marketing	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, NW, SUITE A, BOCA RATON FL 33487
Bruce Maclaren	officer: Chief Executive Officer Europe	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, NW, SUITE A, BOCA RATON FL 33487
S Scott Fitzpatrick	officer: Chief Accounting Officer	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, NW, SUITE A, BOCA RATON FL 33487
Stuart F Fleischer	officer: Chief Financial Officer
Randall Paulfus	officer: Interim CFO	C/O PC UNIVERSE, INC., 504 NW 77TH STREET, BOCA RATON FL 33487
Richard A Brooke	officer: Senior Vice President	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, BOCA RATON FL 33487
Eric Demaree	officer: EVP, Sales	C/O Q.E.P. CO., INC., 1081 HOLLAND DRIVE, BOCA RATON FL 33487
Susan J Gould	10 percent owner