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N2OFF (NITO) Operating Income : $-6.72 Mil (TTM As of Jun. 2024)


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What is N2OFF Operating Income?

N2OFF's Operating Income for the three months ended in Jun. 2024 was $-0.87 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2024 was $-6.72 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. N2OFF's Operating Income for the three months ended in Jun. 2024 was $-0.87 Mil. N2OFF's Revenue for the three months ended in Jun. 2024 was $0.02 Mil. Therefore, N2OFF's Operating Margin % for the quarter that ended in Jun. 2024 was -5,094.12%.

Warning Sign:

N2OFF Inc operating margin has been in a 5-year decline. The average rate of decline per year is -64%.

N2OFF's 5-Year average Growth Rate for Operating Margin % was -64.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. N2OFF's annualized ROC % for the quarter that ended in Jun. 2024 was -111.80%. N2OFF's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -594.68%.


N2OFF Operating Income Historical Data

The historical data trend for N2OFF'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.

N2OFF Operating Income Chart

N2OFF Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.93 -1.35 -4.70 -5.82 -7.54

N2OFF Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -0.84 -2.86 -2.10 -0.90 -0.87

N2OFF 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.72 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.


N2OFF  (NAS:NITO) Operating Income Explanation

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

N2OFF's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=-3.464 * ( 1 - 0% )/( (2.615 + 3.582)/ 2 )
=-3.464/3.0985
=-111.80 %

where

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

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

N2OFF's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-3.464/( ( (0.104 + max(0.371, 0)) + (0.085 + max(0.605, 0)) )/ 2 )
=-3.464/( ( 0.475 + 0.69 )/ 2 )
=-3.464/0.5825
=-594.68 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.146 + 0.104 + 0.682) - (0.161 + 0 + 0.4)
=0.371

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.158 + 0.106 + 0.732) - (0.025 + 0 + 0.366)
=0.605

When net working capital is negative, 0 is used.

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

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

N2OFF's Operating Margin % for the quarter that ended in Jun. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2024 )/Revenue (Q: Jun. 2024 )
=-0.866/0.017
=-5,094.12 %

* 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.


N2OFF Operating Income Related Terms

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N2OFF Business Description

Traded in Other Exchanges
N/A
Address
HaPardes 134 Meshek Sander, Neve Yarak, ISR, 4994500
N2OFF Inc is a pioneering agri-food tech company dedicated to developing sustainable solutions for the plant-based food industry. Operating through two subsidiaries, it delivers integrated solutions for enhanced safety, quality, and sustainability from field to fork.
Executives
Yaaran Investments Ltd. 10 percent owner HARSIT 7 ST., SHEARY -TIKVA L3 4481000
Roy Borochov director 52 HATEENA, KFAR BEN NUN L3 9978000
Plantify Foods, Inc. 10 percent owner 2264 EAST 11TH AVENUE, VANCOUVER A1 V5N1Z6
Udi Ovadia Kalifi director UZIEL 101, RAMAT GAN L3 5234433
Lital Barda officer: Chief Financial Officer DAVID MEIR GUTMAN 11, PETAH TIKVA L3 4934116
Neta Matis officer: COO of the Issuer's Subsidiary DAVID HAMELECH 11, HOD HASHARON L3 4523403
Omri Kanterovich officer: Interim CFO YUVAL NEEMAN 7, TEL AVIV L3 6967183
Mia Jacqueline Serra officer: Chief Marketing Officer HARAV KOSOVSKY 34, TEL AVIV L3 6291062
Eliahou Arbib director ARLOZOROV 25, RAMAT GAN L3 5248141
David Palach officer: Co-Chief Executive Officer EVEN GVIROL 1, RISHON LEZION L3 7548101
Amitay Weiss director HA'AZTMAUT 41, PETAH TIKVA L3 4937941
Ronen Rosenbloom director NISSIM ALONI 4, TEL AVIV L3 6291918
Israel Yakov Berenstein director SHEVET LEVI 13, PETAH TIKVA L3 4930092
Joachim Fuchs director HAZOREA 67, KFAR SHMARYAHU L3 4691000
Doron Shorrer director KOREH HADOROT 33, JERUSALEM L3 9339348