North European Oil Royalty Trust (North European Oil Royalty Trust) Operating Income : $12.28 Mil (TTM As of Jan. 2024)

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What is North European Oil Royalty Trust Operating Income?

North European Oil Royalty Trust's Operating Income for the three months ended in Jan. 2024 was $0.43 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2024 was $12.28 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. North European Oil Royalty Trust's Operating Income for the three months ended in Jan. 2024 was $0.43 Mil. North European Oil Royalty Trust's Revenue for the three months ended in Jan. 2024 was $0.43 Mil. Therefore, North European Oil Royalty Trust's Operating Margin % for the quarter that ended in Jan. 2024 was 100.00%.

Warning Sign:

North European Oil Royalty Trust operating margin has been in a 5-year decline. The average rate of decline per year is -1.4%.

North European Oil Royalty Trust's 5-Year average Growth Rate for Operating Margin % was -1.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. North European Oil Royalty Trust's annualized ROC % for the quarter that ended in Jan. 2024 was %. North European Oil Royalty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was %.

North European Oil Royalty Trust Operating Income Historical Data

The historical data trend for North European Oil Royalty Trust'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.

North European Oil Royalty Trust Operating Income Chart

North European Oil Royalty Trust Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Operating Income

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8.35

4.05

4.02

17.11

21.06

North European Oil Royalty Trust 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															9.77	9.76	2.26	-0.17	0.43

North European Oil Royalty Trust 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 $12.28 Mil.

North European Oil Royalty Trust (NYSE:NRT) Operating Income Explanation

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

North European Oil Royalty Trust'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 )
=	1.7 * ( 1 - 0% )	/	( (0	+	0)	/ 2 )
=	1.7	/	0
=	%

where

	Invested Capital		(Q: Oct. 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	))
=	0.795	-	0	-	( 0.795	-	max(0, 0	-	0.795	+	0.795	))
=	0

	Invested Capital		(Q: Jan. 2024 )
=	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	))
=	0.974	-	0.46	-	( 0.974	-	max(0, 0.46	-	0.974	+	0.974	))
=	0

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

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

North European Oil Royalty Trust'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 )
=	1.7	/	( ( (0 + max(0, 0))	+	(0 + max(-0.46, 0)) )	/	2 )
=	1.7	/	( ( 0	+	0 )	/	2 )
=	1.7	/	0
=	%

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)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Jan. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.46	+	0	+	0)
=	-0.46

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 %:

North European Oil Royalty Trust'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 )
	=	0.425	/	0.425
	=	100.00 %

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.

North European Oil Royalty Trust Operating Income Related Terms

Thank you for viewing the detailed overview of North European Oil Royalty Trust's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

North European Oil Royalty Trust (North European Oil Royalty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » North European Oil Royalty Trust (NYSE:NRT) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 N. Lincoln Street, P.O. Box 187, Keene, NH, USA, 03431

Website

http://www.neort.com

North European Oil Royalty Trust holds overriding royalty rights covering gas and oil production in certain concessions or leases in the Federal Republic of Germany. The properties of the trust are overriding royalty rights on sales of gas, sulfur, and oil under certain concessions or leases in the Federal Republic of Germany. The trust also holds other royalty rights, which are based on leases. It receives various percentages of royalties on the proceeds of the sales of certain products from the areas involved.

Executives

Prue Nancy J F	other: Trustee	775 BRUSHWOOD COURT, MILLERSVILLE MD 21108
Robert P Adelman	other: Trustee	9 FOX TAIL ROAD, AMELIA ISLAND FL 32034
Ahron H Haspel	other: Trustee	220 EAST 65TH STREET, APT. 24G, NEW YORK NY 10065-6629
Rosalie Joyce Wolf	other: Trustee	150 EAST 69TH STREET, APT 23J, NEW YORK NY 10021
Van Kirk John Russell	other: Managing Director	104 HEULITT ROAD, COLTS NECK NJ 07722
Lawrence A Kobrin	other: Trustee	15 WEST 81 STREET, NEW YORK NY 10024
Samuel M Eisenstat	other: Trustee	45 EAST 89TH STREET, APT. 24E, NEW YORK NY 10128
Van Kirk John H	other: Managing Trustee	P.O. BOX 456, RED BANK NJ 07701