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BluMetric Environmental (TSXV:BLM) Operating Income : C$0.67 Mil (TTM As of Dec. 2023)


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What is BluMetric Environmental Operating Income?

BluMetric Environmental's Operating Income for the three months ended in Dec. 2023 was C$0.44 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was C$0.67 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. BluMetric Environmental's Operating Income for the three months ended in Dec. 2023 was C$0.44 Mil. BluMetric Environmental's Revenue for the three months ended in Dec. 2023 was C$8.53 Mil. Therefore, BluMetric Environmental's Operating Margin % for the quarter that ended in Dec. 2023 was 5.11%.

Good Sign:

BluMetric Environmental Inc operating margin is expanding. Margin expansion is usually a good sign.

BluMetric Environmental's 5-Year average Growth Rate for Operating Margin % was 2.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BluMetric Environmental's annualized ROC % for the quarter that ended in Dec. 2023 was 8.18%. BluMetric Environmental's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 32.34%.


BluMetric Environmental Operating Income Historical Data

The historical data trend for BluMetric Environmental'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.

BluMetric Environmental Operating Income Chart

BluMetric Environmental Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.96 2.35 4.64 1.73 1.01

BluMetric Environmental 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 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 0.78 0.16 -0.86 0.94 0.44

BluMetric Environmental 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 C$0.67 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.


BluMetric Environmental  (TSXV:BLM) Operating Income Explanation

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

BluMetric Environmental'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 )
=1.744 * ( 1 - 36.24% )/( (12.19 + 15.003)/ 2 )
=1.1119744/13.5965
=8.18 %

where

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

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

BluMetric Environmental'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 )
=1.76/( ( (2.343 + max(1.204, 0)) + (3.31 + max(4.028, 0)) )/ 2 )
=1.76/( ( 3.547 + 7.338 )/ 2 )
=1.76/5.4425
=32.34 %

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)
=(5.968 + 0 + 0.296) - (4.821 + 0.24 + -0.0010000000000003)
=1.204

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.853 + 0 + 0.301) - (4.765 + 0.361 + 8.8817841970013E-16)
=4.028

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 %:

BluMetric Environmental'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 )
=0.436/8.525
=5.11 %

* 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.


BluMetric Environmental Operating Income Related Terms

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


BluMetric Environmental (TSXV:BLM) Business Description

Traded in Other Exchanges
Address
1682 Woodward Drive, Ottawa, ON, CAN, K2C 3R8
BluMetric Environmental Inc is an integrated product and service organization. It principally provides sustainable solutions for complex environmental issues. It serves clients in many industrial sectors, and at all levels of government, both domestically and internationally. The organization offers services and solutions such as environmental earth sciences and engineering; contaminated site remediation; water resource management; industrial hygiene; occupational health and safety; and water and wastewater design-build and pre-engineered solutions. It operates in Canada and internationally, of which the majority of the revenue is derived from the operations in Canada.
Executives
John Daniel Hilton Senior Officer

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