Alternative Investment (Alternative Investment) Operating Income : $-0.32 Mil (TTM As of Jun. 2020)

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What is Alternative Investment Operating Income?

Alternative Investment's Operating Income for the three months ended in Jun. 2020 was $-0.05 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2020 was $-0.32 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Alternative Investment's Operating Income for the three months ended in Jun. 2020 was $-0.05 Mil. Alternative Investment's Revenue for the three months ended in Jun. 2020 was $0.00 Mil. Therefore, Alternative Investment's Operating Margin % for the quarter that ended in Jun. 2020 was %.

Alternative Investment'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. Alternative Investment's annualized ROC % for the quarter that ended in Jun. 2020 was -34.53%. Alternative Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was %.

Alternative Investment Operating Income Historical Data

The historical data trend for Alternative Investment'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.

Alternative Investment Operating Income Chart

Alternative Investment Annual Data

Trend

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Operating Income

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-0.07

-0.24

-0.19

-0.43

-0.34

Alternative Investment Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Operating Income	Get a 7-Day Free Trial															-0.08	-0.13	-0.07	-0.06	-0.05

Alternative Investment 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 Jun. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.32 Mil.

Alternative Investment (OTCPK:AIKO) Operating Income Explanation

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

Alternative Investment's annualized ROC % for the quarter that ended in Jun. 2020 is calculated as:

	ROC % (Q: Jun. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2020 )	+	Invested Capital (Q: Jun. 2020 ))	/ count )
=	-0.216 * ( 1 - 0% )	/	( (0.614	+	0.637)	/ 2 )
=	-0.216	/	0.6255
=	-34.53 %

where

	Invested Capital		(Q: Mar. 2020 )
=	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	))
=	0	-	0.384	-	( 0	-	max(0, 0.998	-	0	+	0	))
=	0.614

	Invested Capital		(Q: Jun. 2020 )
=	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	))
=	0.002	-	0.43	-	( 0.002	-	max(0, 1.067	-	0.002	+	0.002	))
=	0.637

Note: The Operating Income data used here is four times the quarterly (Jun. 2020) data.

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

Alternative Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2020		Q: Jun. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.216	/	( ( (0 + max(-0.384, 0))	+	(0 + max(-0.43, 0)) )	/	1 )
=	-0.216	/	( ( 0	+	0 )	/	1 )
=	-0.216	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.384	+	0	+	0)
=	-0.384

	Working Capital		(Q: Jun. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.43	+	0	+	0)
=	-0.43

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2020) EBIT data.

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

Alternative Investment's Operating Margin % for the quarter that ended in Jun. 2020 is calculated as:

Operating Margin %	=	Operating Income (Q: Jun. 2020 )	/	Revenue (Q: Jun. 2020 )
	=	-0.054	/	0
	=	%

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.

Alternative Investment Operating Income Related Terms

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

Alternative Investment (Alternative Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Alternative Investment Corp (OTCPK:AIKO) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

408 Boonesville Bend, Argyle, TX, USA, 76226

Website

http://www.aikocapital.com

Alternative Investment Corp is a shell company.

Executives

Unerkov Con	other: No position	PO BOX 1171, NORTH ADELAIDE SA C3 5006
Bin He	other: no position	RM 1001, NO.10 BUILDING, YUMIN VILLAGE HEPING ROAD, LUOHU DISTRICT SHENZHEN F4 0000
Ning He	director, officer: Secretary	ROOM 1001, NO.10 BUILDING, YUMIN VILLAGE HEPING ROAD, LUOHU DISTRICT SHENZHEN F4 0000000

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