Axios Mobile Assets (Axios Mobile Assets) Operating Income : $-9.91 Mil (TTM As of Sep. 2016)

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What is Axios Mobile Assets Operating Income?

Axios Mobile Assets's Operating Income for the three months ended in Sep. 2016 was $-2.72 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2016 was $-9.91 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Axios Mobile Assets's Operating Income for the three months ended in Sep. 2016 was $-2.72 Mil. Axios Mobile Assets's Revenue for the three months ended in Sep. 2016 was $0.71 Mil. Therefore, Axios Mobile Assets's Operating Margin % for the quarter that ended in Sep. 2016 was -381.21%.

Axios Mobile Assets'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. Axios Mobile Assets's annualized ROC % for the quarter that ended in Sep. 2016 was -67.02%. Axios Mobile Assets's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2016 was -125.43%.

Axios Mobile Assets Operating Income Historical Data

The historical data trend for Axios Mobile Assets'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.

Axios Mobile Assets Operating Income Chart

Axios Mobile Assets Annual Data

Trend

Sep08

Sep09

Sep10

Dec11

Dec12

Dec13

Dec14

Dec15

Operating Income

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-0.60

-1.98

-3.18

-2.96

-5.81

Axios Mobile Assets Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Operating Income	Get a 7-Day Free Trial															-1.00	-2.79	-2.10	-2.31	-2.72

Axios Mobile Assets 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 Sep. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.91 Mil.

Axios Mobile Assets (OTCPK:AXBSF) Operating Income Explanation

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

Axios Mobile Assets's annualized ROC % for the quarter that ended in Sep. 2016 is calculated as:

	ROC % (Q: Sep. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2016 )	+	Invested Capital (Q: Sep. 2016 ))	/ count )
=	-10.872 * ( 1 - 0% )	/	( (16.264	+	16.18)	/ 2 )
=	-10.872	/	16.222
=	-67.02 %

where

	Invested Capital		(Q: Jun. 2016 )
=	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	))
=	16.181	-	2.431	-	( 0.365	-	max(0, 5.035	-	2.521	+	0.365	))
=	16.264

	Invested Capital		(Q: Sep. 2016 )
=	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	))
=	17.443	-	2.688	-	( 0.446	-	max(0, 5.681	-	4.256	+	0.446	))
=	16.18

Note: The Operating Income data used here is four times the quarterly (Sep. 2016) data.

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

Axios Mobile Assets's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2016 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2016 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2016		Q: Sep. 2016
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-11.488	/	( ( (9.143 + max(-1.113, 0))	+	(8.874 + max(0.301, 0)) )	/	2 )
=	-11.488	/	( ( 9.143	+	9.175 )	/	2 )
=	-11.488	/	9.159
=	-125.43 %

where Working Capital is:

	Working Capital		(Q: Jun. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.355	+	0	+	0.0010000000000003)	-	(2.431	+	0	+	0.038)
=	-1.113

	Working Capital		(Q: Sep. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.601	+	0	+	1.402)	-	(2.688	+	0	+	0.014)
=	0.301

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2016) EBIT data.

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

Axios Mobile Assets's Operating Margin % for the quarter that ended in Sep. 2016 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2016 )	/	Revenue (Q: Sep. 2016 )
	=	-2.718	/	0.713
	=	-381.21 %

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.

Axios Mobile Assets Operating Income Related Terms

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Axios Mobile Assets (Axios Mobile Assets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Axios Mobile Assets Corp (OTCPK:AXBSF) » Definitions » Operating Income

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Address

30 Topflight Drive, Unit 7, Mississauga, ON, CAN, L5S 0A8

Website

http://www.axiosma.com

Axios Mobile Assets Corp is a Canada based logistics enabler featuring a next generation, bio-based pallet technology, which can be bundled with its proprietary cross-platform tracking and information system that helps improve the value chain in the logistics market. The company's bundled offering aims to provide lower total cost, lighter weight, sanitary pallets, and real-time data. Its segments are Pallet Rental which accounts for the majority revenues and Freight Services.

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