CarParts.com (CarParts.com) Operating Income : $-9.9 Mil (TTM As of Dec. 2023)

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What is CarParts.com Operating Income?

CarParts.com's Operating Income for the three months ended in Dec. 2023 was $-6.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-9.9 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. CarParts.com's Operating Income for the three months ended in Dec. 2023 was $-6.8 Mil. CarParts.com's Revenue for the three months ended in Dec. 2023 was $156.4 Mil. Therefore, CarParts.com's Operating Margin % for the quarter that ended in Dec. 2023 was -4.32%.

CarParts.com'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. CarParts.com's annualized ROC % for the quarter that ended in Dec. 2023 was -25.06%. CarParts.com's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -25.17%.

CarParts.com Operating Income Historical Data

The historical data trend for CarParts.com'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.

CarParts.com Operating Income Chart

CarParts.com Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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-8.25

0.30

-9.11

0.65

-9.88

CarParts.com 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															-5.45	0.64	-0.84	-2.92	-6.76

CarParts.com 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 $-9.9 Mil.

CarParts.com (NAS:PRTS) Operating Income Explanation

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

CarParts.com'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 )
=	-27.024 * ( 1 - 3.96% )	/	( (98.851	+	108.283)	/ 2 )
=	-25.9538496	/	103.567
=	-25.06 %

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	))
=	270.822	-	105.292	-	( 66.679	-	max(0, 119.571	-	206.763	+	66.679	))
=	98.851

	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	))
=	257.855	-	98.621	-	( 50.951	-	max(0, 112.986	-	193.338	+	50.951	))
=	108.283

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

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

CarParts.com'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 )
=	-23.944	/	( ( (60.795 + max(29.784, 0))	+	(61.186 + max(38.458, 0)) )	/	2 )
=	-23.944	/	( ( 90.579	+	99.644 )	/	2 )
=	-23.944	/	95.1115
=	-25.17 %

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)
=	(9.448	+	123.965	+	6.671)	-	(105.292	+	0	+	5.008)
=	29.784

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.365	+	128.901	+	6.121)	-	(98.621	+	0	+	5.308)
=	38.458

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 %:

CarParts.com'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 )
	=	-6.756	/	156.395
	=	-4.32 %

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.

CarParts.com Operating Income Related Terms

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

CarParts.com (CarParts.com) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » CarParts.com Inc (NAS:PRTS) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

ZZF:Germany

Address

2050 W. 190th Street, Suite 400, Torrance, CA, USA, 90504

Website

https://www.carparts.com

CarParts.com Inc is an online provider of automotive aftermarket parts and repair information. The company principally sells its products to individual consumers through its network of websites and online marketplaces. The company's products consist of collision parts serving the body repair market, engine parts to serve the replacement parts market, and performance parts and accessories.

Executives

Michael Huffaker	officer: Chief Operating Officer	2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
Henry J Maier	director	1000 FEDEX DRIVE, MOON TOWNSHIP PA 15108
Nanxi Liu	director	2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
Jim Barnes	director	16941 KEEGAN AVE, CARSON CA 90746
Ana Dutra	director	C/O KORN/FERRY INTERNATIONAL, 1900 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90067
Ryan Lockwood	officer: Chief Financial Officer	2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
Kals Subramanian	officer: Chief Technology Officer	2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
David Meniane	director, officer: Chief Executive Officer	16941 KEEGAN AVENUE, CARSON CA 90746
Houman Akhavan	officer: VP of Marketiing	C/O U. S. AUTO PARTS NETWORK, INC., 17150 SOUTH MARGAY AVENUE, CARSON CA 90746
Barry Phelps	director	26750 AGOURA RD, CALABASAS CA 91302
Alfredo Gomez	officer: VP, General Counsel	10420 RESEARCH ROAD SE, ALBUQUERQUE NM 87123
Lev Peker	director, officer: Chief Executive Officer	US AUTO PARTS, 16941 KEEGAN AVENUE, CARSON CA 90746
Sanjiv Gomes	officer: Interim CTO	16941 KEEGAN AVENUE, CARSON CA 90746
Jay Keith Greyson	director	16941 KEEGAN AVENUE, CARSON CA 90746
Mehran Nia	director, 10 percent owner	17150 SOUTH MARGAY AVENUE, CARSON CA 90746