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Sportsman's Warehouse Holdings (Sportsman's Warehouse Holdings) Operating Income : $-25 Mil (TTM As of Jan. 2024)


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What is Sportsman's Warehouse Holdings Operating Income?

Sportsman's Warehouse Holdings's Operating Income for the three months ended in Jan. 2024 was $-8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2024 was $-25 Mil.

Warning Sign:

Sportsman's Warehouse Holdings Inc has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Sportsman's Warehouse Holdings's Operating Income for the three months ended in Jan. 2024 was $-8 Mil. Sportsman's Warehouse Holdings's Revenue for the three months ended in Jan. 2024 was $370 Mil. Therefore, Sportsman's Warehouse Holdings's Operating Margin % for the quarter that ended in Jan. 2024 was -2.14%.

Sportsman's Warehouse Holdings'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. Sportsman's Warehouse Holdings's annualized ROC % for the quarter that ended in Jan. 2024 was -3.03%. Sportsman's Warehouse Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -4.11%.


Sportsman's Warehouse Holdings Operating Income Historical Data

The historical data trend for Sportsman's Warehouse Holdings'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.

Sportsman's Warehouse Holdings Operating Income Chart

Sportsman's Warehouse Holdings Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.46 122.75 90.62 58.06 -25.34

Sportsman's Warehouse Holdings 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 16.04 -18.96 -1.52 3.07 -7.93

Sportsman's Warehouse Holdings 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 $-25 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.


Sportsman's Warehouse Holdings  (NAS:SPWH) Operating Income Explanation

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

Sportsman's Warehouse Holdings'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 )
=-31.732 * ( 1 - 22.55% )/( (839.701 + 781.195)/ 2 )
=-24.576434/810.448
=-3.03 %

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:

Sportsman's Warehouse Holdings'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 )
=-31.732/( ( (495.883 + max(306.897, 0)) + (503.829 + max(236.994, 0)) )/ 2 )
=-31.732/( ( 802.78 + 740.823 )/ 2 )
=-31.732/771.8015
=-4.11 %

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)
=(3.105 + 446.324 + 29.615) - (137.688 + 34.459 + 0)
=306.897

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.119 + 354.71 + 20.078) - (101.869 + 38.044 + 0)
=236.994

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 %:

Sportsman's Warehouse Holdings'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 )
=-7.933/370.394
=-2.14 %

* 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.


Sportsman's Warehouse Holdings Operating Income Related Terms

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Sportsman's Warehouse Holdings (Sportsman's Warehouse Holdings) Business Description

Traded in Other Exchanges
Address
1475 West 9000 South, Suite A, West Jordan, UT, USA, 84088
Sportsman's Warehouse Holdings Inc together with its subsidiaries operates as an outdoor sporting goods retailer. It provides a one-stop shopping experience that equips customers with the right quality, brand name hunting, shooting, fishing, and camping gear to maximize enjoyment of the outdoors. The company offers products in the categories of Camping, Apparel, Fishing, Footwear, Hunting and shooting, and Optics, Electronics, Accessories, and Other products. It provides products such as Backpacks, Jackets, Camp essentials, Hiking boots, GPS devices, ATV accessories and Fishing rods, among others.
Executives
Paul Stone director, officer: PRESIDENT AND CEO HERTZ GLOBAL HOLDINGS, INC., 8501 WILLIAMS ROAD, ESTERO FL 33928
Steven W. Sansom director 1475 WEST 9000 SOUTH, SUITE A, WEST JORDAN UT 84088
Richard D Mcbee director PO BOX 500 (M/S 55-985), 14200 SW KARL BRAUN DRIVE, BEAVERTON OR 97077-0001
Gregory P Hickey director C/O SPORTSMAN'S WAREHOUSE HOLDINGS, INC., 7035 SOUTH HIGH TECH DRIVE, MIDVALE UT 84047
Cannell Capital Llc 10 percent owner 245 MERIWETHER CIRCLE, ALTA WY 83414
Erica Fortune director C/O SPORTMAN'S WAREHOUSE HOLDINGS, INC., 7035 SOUTH HIGH TECH DRIVE, MIDVALE UT 84047
Jon Barker officer: President and COO C/O SPORTSMAN'S WAREHOUSE HOLDINGS, INC., 7035 SOUTH HIGH TECH DRIVE, MIDVALE UT 84047
Nancy A Walsh director LL FLOORING HOLDINGS, INC., 4901 BAKERS MILL LANE, RICHMOND VA 23230
Joseph P Schneider director C/O LACROSSE FOOTWEAR INC, 18550 NE RIVERSIDE PARKWAY, PORTLAND OR 972304975
Jeffrey Justin White officer: VP Finance, CAO, Interim CFO SPORTSMAN'S WAREHOUSE, 1475 WEST 9000 SOUTH SUITE A, WEST JORDAN UT 84088
Christopher Eastland director C/O SEIDLER KUTSENDA MANAGEMENT COMPANY, 4640 ADMIRALTY WAY, SUITE 1200, MARINA DEL REY CA 90292
Robert K. Julian officer: Chief Financial Officer C/O SPORTSMAN'S WAREHOUSE, 7035 SOUTH HIGH TECH DRIVE, MIDVALE UT 84047
Martha Helena Bejar director C/O POLYCOM, INC., 6001 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Kent Vernon Graham director 11727 FOLKSTONE LANE, LOS ANGELES CA 90077
Philip Williamson director C/O SPORTSMAN'S WAREHOUSE HOLDINGS, INC., 7035 SOUTH HIGH TECH DRIVE, MIDVALE UT 84047