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Limoneira Co (Limoneira Co) Operating Income : $-14.4 Mil (TTM As of Jan. 2024)


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What is Limoneira Co Operating Income?

Limoneira Co's Operating Income for the three months ended in Jan. 2024 was $-7.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2024 was $-14.4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Limoneira Co's Operating Income for the three months ended in Jan. 2024 was $-7.9 Mil. Limoneira Co's Revenue for the three months ended in Jan. 2024 was $39.7 Mil. Therefore, Limoneira Co's Operating Margin % for the quarter that ended in Jan. 2024 was -19.91%.

Limoneira 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. Limoneira Co's annualized ROC % for the quarter that ended in Jan. 2024 was -5.35%. Limoneira Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -19.10%.


Limoneira Co Operating Income Historical Data

The historical data trend for Limoneira 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.

Limoneira Co Operating Income Chart

Limoneira Co Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.58 -18.51 -6.22 -2.30 -20.34

Limoneira Co Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 -13.86 2.87 - -9.34 -7.91

Limoneira 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-14.4 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.


Limoneira Co  (NAS:LMNR) Operating Income Explanation

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

Limoneira Co's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

ROC % (Q: Jan. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2023 ) + Invested Capital (Q: Jan. 2024 ))/ count )
=-31.64 * ( 1 - 53.26% )/( (276.374 + 276.24)/ 2 )
=-14.788536/276.307
=-5.35 %

where

Note: The Operating Income data used here is four times the quarterly (Jan. 2024) data.

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

Limoneira Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-30.64/( ( (160.631 + max(-9.753, 0)) + (160.197 + max(-4.386, 0)) )/ 2 )
=-30.64/( ( 160.631 + 160.197 )/ 2 )
=-30.64/160.414
=-19.10 %

where Working Capital is:

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(14.458 + 0 + 6.616) - (27.969 + 0 + 2.858)
=-9.753

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(16.663 + 0 + 6.974) - (25.69 + 0 + 2.333)
=-4.386

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

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

Limoneira Co's Operating Margin % for the quarter that ended in Jan. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2024 )/Revenue (Q: Jan. 2024 )
=-7.91/39.731
=-19.91 %

* 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.


Limoneira Co Operating Income Related Terms

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


Limoneira Co (Limoneira Co) Business Description

Traded in Other Exchanges
Address
1141 Cummings Road, Santa Paula, CA, USA, 93060
Limoneira Co is an agribusiness company. The company's operating segments include Fresh Lemons; Lemon Packing; Avocados and Other Agribusiness. It generates maximum revenue from the Fresh Lemons segment.
Executives
Harold S Edwards director, officer: President and CEO SIXTY ONE WILTON ROAD, SECOND FLOOR, WESTPORT CT 06880
Mark Palamountain officer: CFO, Treasurer & Secretary C/O LIMONEIRA COMPANY, 1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Scott S Slater director 550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Barbara Carbone director 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Loza Jose De Jesus director C/O LIMONEIRA COMPANY, 1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Alex M Teague officer: Senior Vice President 1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Donald R Rudkin director C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Elizabeth Mora director C/O MKS INSTRUMENTS, INC., 2 TECH DRIVE, SUITE 201, ANDOVER MA 01810
Merriman John W.h. director 1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Elizabeth Blanchard Chess director C/O LIMONEIRA COMPANY, 1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Robert M Sawyer director 1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Amy Fukutomi director, officer: See Remarks C/O LIMONEIRA COMPANY, 1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Edgar A. Terry director C/O LIMONEIRA COMPANY, 1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Gordon E Kimball director, officer: Chairman 1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Ronald L Michaelis director 1141 CUMMINGS ROAD, SANTA PAULA CA 93060

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