Sokoman Minerals (TSXV:SIC) Operating Income : C$-7.69 Mil (TTM As of Dec. 2023)

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What is Sokoman Minerals Operating Income?

Sokoman Minerals's Operating Income for the three months ended in Dec. 2023 was C$-1.60 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was C$-7.69 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Sokoman Minerals's Operating Income for the three months ended in Dec. 2023 was C$-1.60 Mil. Sokoman Minerals's Revenue for the three months ended in Dec. 2023 was C$0.00 Mil. Therefore, Sokoman Minerals's Operating Margin % for the quarter that ended in Dec. 2023 was %.

Sokoman Minerals'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. Sokoman Minerals's annualized ROC % for the quarter that ended in Dec. 2023 was -196.20%. Sokoman Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -535.56%.

Sokoman Minerals Operating Income Historical Data

The historical data trend for Sokoman Minerals'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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Sokoman Minerals Operating Income Chart

Sokoman Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Operating Income

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-3.42

-2.33

-3.99

-12.14

-9.98

Sokoman Minerals 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															-2.53	-1.89	-2.04	-2.16	-1.60

Sokoman Minerals 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$-7.69 Mil.

Sokoman Minerals (TSXV:SIC) Operating Income Explanation

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

Sokoman Minerals'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 )
=	-6.408 * ( 1 - 0% )	/	( (1.268	+	5.264)	/ 2 )
=	-6.408	/	3.266
=	-196.20 %

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	))
=	3.98	-	0.823	-	( 2.257	-	max(0, 0.823	-	2.712	+	2.257	))
=	1.268

	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	))
=	10.257	-	0.181	-	( 4.812	-	max(0, 0.181	-	5.123	+	4.812	))
=	5.264

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

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

Sokoman Minerals'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 )
=	-6.408	/	( ( (1.268 + max(-0.747, 0))	+	(1.125 + max(-0.096, 0)) )	/	2 )
=	-6.408	/	( ( 1.268	+	1.125 )	/	2 )
=	-6.408	/	1.1965
=	-535.56 %

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)
=	(0.038	+	0	+	0.038)	-	(0.823	+	0	+	0)
=	-0.747

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.02	+	0	+	0.065)	-	(0.181	+	0	+	0)
=	-0.096

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 %:

Sokoman Minerals'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 )
	=	-1.602	/	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.

Sokoman Minerals Operating Income Related Terms

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Sokoman Minerals (TSXV:SIC) Business Description

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SICNF:USA 3PJ1:Germany

Address

82 Richmond Street East, The Canadian Venture Building, Toronto, ON, CAN, M5C 1P1

Website

https://www.sokomanmineralscorp.com

Sokoman Minerals Corp is a discovery-oriented company with projects in the province of Newfoundland and Labrador, Canada. The company's primary focus is its portfolio of gold projects: flagship, advanced-stage Moosehead, Crippleback Lake, and East Alder along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project in north-central Newfoundland that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The company has also entered into a strategic alliance (the Alliance) with Benton Resources through three large-scale joint-venture properties including Grey River Gold, Golden Hope and Kepenkeck on the island of Newfoundland.

Executives