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TYGO (Tigo Energy) Operating Income : $-42.25 Mil (TTM As of Jun. 2024)


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What is Tigo Energy Operating Income?

Tigo Energy's Operating Income for the three months ended in Jun. 2024 was $-8.40 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2024 was $-42.25 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tigo Energy's Operating Income for the three months ended in Jun. 2024 was $-8.40 Mil. Tigo Energy's Revenue for the three months ended in Jun. 2024 was $12.70 Mil. Therefore, Tigo Energy's Operating Margin % for the quarter that ended in Jun. 2024 was -66.16%.

Tigo 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. Tigo Energy's annualized ROC % for the quarter that ended in Jun. 2024 was -45.52%. Tigo Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -59.95%.


Tigo Energy Operating Income Historical Data

The historical data trend for Tigo 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.

* Premium members only.

Tigo Energy Operating Income Chart

Tigo Energy Annual Data
Trend Dec21 Dec22 Dec23
Operating Income
-3.71 -0.90 -8.28

Tigo Energy Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.67 -11.22 -13.54 -9.09 -8.40

Tigo 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-42.25 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.


Tigo Energy  (NAS:TYGO) Operating Income Explanation

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

Tigo Energy's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=-33.612 * ( 1 - -0.14% )/( (77.06 + 70.835)/ 2 )
=-33.6590568/73.9475
=-45.52 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2024) data.

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

Tigo Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-33.772/( ( (5.66 + max(53.416, 0)) + (5.201 + max(48.399, 0)) )/ 2 )
=-33.772/( ( 59.076 + 53.6 )/ 2 )
=-33.772/56.338
=-59.95 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.306 + 55.757 + 4.388) - (10.116 + 0.444 + 2.475)
=53.416

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.917 + 51.311 + 4.709) - (12.337 + 0.275 + 1.926)
=48.399

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

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

Tigo Energy's Operating Margin % for the quarter that ended in Jun. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2024 )/Revenue (Q: Jun. 2024 )
=-8.403/12.701
=-66.16 %

* 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.


Tigo Energy Operating Income Related Terms

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Tigo Energy Business Description

Traded in Other Exchanges
N/A
Address
655 Campbell Technology Parkway, Suite 150, Campbell, CA, USA, 95008
Tigo Energy Inc designs solar power conversion and storage products that provide customers with more choice and flexibility. Its mission is to deliver smart hardware and software solutions that enhance safety, increase energy yield, and lower operating costs of residential, commercial, and utility-scale solar systems.
Executives
Bill Roeschlein officer: Chief Financial Officer C/O SELECTICA, INC., 3 WEST PLUMERIA, SAN JOSE CA 95134
Jeffrey Stuart Sullivan officer: Chief Operating Officer 655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
James Jd Dillon officer: Chief Marketing Officer 655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Jing Tian officer: Chief Growth Officer 655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Zvi Alon director, officer: Chief Executive Officer 10725 NORTH DE ANZA BLVD, CUPERTINO CA 95014
Joan C Conley director 3691 CHEVY CHASE LAKE DRIVE, CHEVY CHASE MD 20815
Energy Growth Momentum Gp Ii Ltd. 10 percent owner, other: See Remarks 1ST & 2ND FLOORS, ELIZABETH HOUSE, LES RUETTES BRAYES, ST PETER PORT Y7 GY1 1EW
Generation Im Climate Solutions Gp, Ltd. 10 percent owner BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Generation Im Climate Solutions Fund, L.p. 10 percent owner BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
John Andrew Wilson director 655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Alon Ventures, Llc 10 percent owner 27673 LUPINE RD, LOS ALTOS HILLS CA 94022
Energy Growth Momentum Ii Lp 10 percent owner, other: See Remarks 1ST AND 2ND FLOORS, ELIZABETH HOUSE, LES RUETTES BRAYES, ST PETER PORT Y7 GY11EW
Tomer Babai director 655 CAMPBELL TECHNOLOGY PARKWAY, SUITE 150, CAMPBELL CA 95008
Matthew Day officer: Co-Chief Operating Officer 888 SAN CLEMENTE DRIVE SUITE 400, NEWPORT BEACH CA 92660
Andrew Costa officer: Co-Chief Operating Officer 888 SAN CLEMENTE DRIVE SUITE 400, NEWPORT BEACH CA 92660