Camping World Holdings (Camping World Holdings) Operating Income : $271 Mil (TTM As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Camping World Holdings Operating Income?

Camping World Holdings's Operating Income for the three months ended in Dec. 2023 was $-13 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $271 Mil.

Warning Sign:

Camping World Holdings Inc has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Camping World Holdings's Operating Income for the three months ended in Dec. 2023 was $-13 Mil. Camping World Holdings's Revenue for the three months ended in Dec. 2023 was $1,109 Mil. Therefore, Camping World Holdings's Operating Margin % for the quarter that ended in Dec. 2023 was -1.16%.

Good Sign:

Camping World Holdings Inc operating margin is expanding. Margin expansion is usually a good sign.

Camping World Holdings's 5-Year average Growth Rate for Operating Margin % was 12.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Camping World Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -0.85%. Camping World Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -1.44%.

Camping World Holdings Operating Income Historical Data

The historical data trend for Camping World Holdings'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.

Camping World Holdings Operating Income Chart

Camping World Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

Get a 7-Day Free Trial

85.82

494.43

816.30

575.00

271.02

Camping World Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Operating Income	Get a 7-Day Free Trial															11.22	60.66	133.01	90.18	-12.83

Camping World Holdings 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $271 Mil.

Camping World Holdings (NYSE:CWH) Operating Income Explanation

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

Camping World Holdings's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-51.308 * ( 1 - 27.29% )	/	( (4217.553	+	4575.424)	/ 2 )
=	-37.3060468	/	4396.4885
=	-0.85 %

where

	Invested Capital		(Q: Sep. 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	))
=	4657.259	-	386.388	-	( 53.318	-	max(0, 1678.954	-	2202.637	+	53.318	))
=	4217.553

	Invested Capital		(Q: Dec. 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	))
=	4845.684	-	230.613	-	( 39.647	-	max(0, 1947.839	-	2349.112	+	39.647	))
=	4575.424

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

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

Camping World Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-45.904	/	( ( (1577.794 + max(1478.884, 0))	+	(1574.478 + max(1731.914, 0)) )	/	2 )
=	-45.904	/	( ( 3056.678	+	3306.392 )	/	2 )
=	-45.904	/	3181.535
=	-1.44 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(135.832	+	1869.042	+	43.614)	-	(386.388	+	99.813	+	83.403)
=	1478.884

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(84.493	+	2042.949	+	78.217)	-	(230.613	+	92.366	+	150.766)
=	1731.914

When net working capital is negative, 0 is used.

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

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

Camping World Holdings's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-12.827	/	1109.333
	=	-1.16 %

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.

Camping World Holdings Operating Income Related Terms

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

Camping World Holdings (Camping World Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Camping World Holdings Inc (NYSE:CWH) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

C83:Germany C83:Germany

Address

250 Parkway Drive, Suite 270, Lincolnshire, IL, USA, 60069

Website

https://www.campingworld.com

Camping World Holdings Inc is retailer of RVs and related products and services. The Company has the two reportable segments 1) Good Sam Services and Plans segment includes sale of emergency roadside assistance plans; commissions on property and casualty insurance programs; travel assist programs; extended vehicle service contracts; vehicle financing and refinancing assistance; consumer shows and events; and consumer publications and directories. 2) RV and Outdoor Retail segment includes the sale of new and used RVs; commissions on the finance and insurance contracts related to the sale of RVs; the sale of RV service and collision work; the sale of RV parts, accessories, sale of outdoor products, equipment, gear and supplies; business to business distribution of RV furniture, etc.

Executives

Thomas E Kirn	officer: Chief Accounting Officer	C/O CAMPING WORLD, INC., 250 PARKWAY DRIVE, SUITE 270, LINCOLNSHIRE IL 60048
Lindsey Christen	officer: See Remarks	C/O CAMPING WORLD, INC., 250 PARKWAY DRIVE, SUITE 270, LINCOLNSHIRE IL 60048
Kent Dillon Schickli	director
Marcus Lemonis	director, 10 percent owner, officer: Chief Executive Officer	200 EAST BROWARD SUITE 920, FT LAUDERDALE FL 33301
Karin L Bell	officer: Chief Financial Officer	C/O CAMPING WORLD HOLDINGS, INC., 250 PARKWAY DRIVE, SUITE 270, LINCOLNSHIRE IL 60048
Matthew D Wagner	officer: EXECUTIVE VICE PRESIDENT	C/O CAMPING WORLD HOLDINGS, INC., 250 PARKWAY DRIVE, SUITE 270, LINCOLNSHIRE IL 60069
Crestview Partners Ii Gp, L.p.	director, 10 percent owner	590 MADISON AVENUE, 42ND FLOOR, NEW YORK NY 10022
Tamara Ward	officer: CHIEF OPERATING OFFICER	C/O CAMPING WORLD HOLDINGS, INC., 250 PARKWAY DRIVE, SUITE 270, LINCOLNSHIRE IL 60069
Mary J George	director	C/O LATHAM & WATKINS LLP, 650 TOWN CENTER DRIVE, 20TH FL, COSTA MESA CA 92626
Michael W Malone	director
Stephen Adams	director
Abrams Capital Management, L.p.	10 percent owner	222 BERKELEY STREET, 21ST FLOOR, BOSTON MA 02116
Abrams Capital, Llc	10 percent owner	222 BERKELEY ST., 21ST FLOOR, BOSTON MA 02116
Abrams Capital Management, Llc	10 percent owner	222 BERKELEY STREET, 21ST FLOOR, BOSTON MA 02116
David C Abrams	10 percent owner	222 BERKELEY STREET, 21ST FLOOR, BOSTON MA 02116