Simba Essel Energy (Simba Essel Energy) Operating Income : $-0.18 Mil (TTM As of Mar. 2019)

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What is Simba Essel Energy Operating Income?

Simba Essel Energy's Operating Income for the three months ended in Mar. 2019 was $-0.05 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2019 was $-0.18 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Simba Essel Energy's Operating Income for the three months ended in Mar. 2019 was $-0.05 Mil. Simba Essel Energy's Revenue for the three months ended in Mar. 2019 was $0.00 Mil. Therefore, Simba Essel Energy's Operating Margin % for the quarter that ended in Mar. 2019 was %.

Simba Essel Energy'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. Simba Essel Energy's annualized ROC % for the quarter that ended in Mar. 2019 was -3.29%. Simba Essel Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2019 was -3.29%.

Simba Essel Energy Operating Income Historical Data

The historical data trend for Simba Essel Energy'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.

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Simba Essel Energy Operating Income Chart

Simba Essel Energy Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Operating Income

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-1.19

-1.23

-0.87

-0.28

Simba Essel Energy Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Operating Income	Get a 7-Day Free Trial															-0.06	-0.06	-0.04	-0.03	-0.05

Simba Essel Energy 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 Mar. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.18 Mil.

Simba Essel Energy (OTCPK:SMBZF) Operating Income Explanation

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

Simba Essel Energy's annualized ROC % for the quarter that ended in Mar. 2019 is calculated as:

	ROC % (Q: Mar. 2019 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2018 )	+	Invested Capital (Q: Mar. 2019 ))	/ count )
=	-0.204 * ( 1 - 0% )	/	( (6.158	+	6.231)	/ 2 )
=	-0.204	/	6.1945
=	-3.29 %

where

	Invested Capital		(Q: Dec. 2018 )
=	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	))
=	6.183	-	1.99	-	( 0.004	-	max(0, 1.99	-	0.025	+	0.004	))
=	6.158

	Invested Capital		(Q: Mar. 2019 )
=	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	))
=	6.259	-	2.097	-	( 0.002	-	max(0, 2.097	-	0.028	+	0.002	))
=	6.231

Note: The Operating Income data used here is four times the quarterly (Mar. 2019) data.

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

Simba Essel Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2019 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2019 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2018		Q: Mar. 2019
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.204	/	( ( (6.158 + max(-1.969, 0))	+	(6.231 + max(-2.074, 0)) )	/	2 )
=	-0.204	/	( ( 6.158	+	6.231 )	/	2 )
=	-0.204	/	6.1945
=	-3.29 %

where Working Capital is:

	Working Capital		(Q: Dec. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.021)	-	(1.99	+	0	+	0)
=	-1.969

	Working Capital		(Q: Mar. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.023)	-	(2.097	+	0	+	0)
=	-2.074

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2019) EBIT data.

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

Simba Essel Energy's Operating Margin % for the quarter that ended in Mar. 2019 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2019 )	/	Revenue (Q: Mar. 2019 )
	=	-0.051	/	0
	=	%

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.

Simba Essel Energy Operating Income Related Terms

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Simba Essel Energy (Simba Essel Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Simba Essel Energy Inc (OTCPK:SMBZF) » Definitions » Operating Income

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Address

905 West Pender Street, Suite 210, Vancouver, BC, CAN, V6C 1L6

Website

http://www.simbaenergy.ca

Simba Essel Energy Inc is a Canadian exploration company. Its principal business activity includes the acquisition and exploration of resource properties. The company engages in the process of exploring its oil and gas properties.

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