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Vocera Communications (Vocera Communications) Operating Income : $-4.1 Mil (TTM As of Dec. 2021)


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What is Vocera Communications Operating Income?

Vocera Communications's Operating Income for the three months ended in Dec. 2021 was $0.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2021 was $-4.1 Mil.

Warning Sign:

Vocera Communications Inc had lost money in 58% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Vocera Communications's Operating Income for the three months ended in Dec. 2021 was $0.2 Mil. Vocera Communications's Revenue for the three months ended in Dec. 2021 was $65.8 Mil. Therefore, Vocera Communications's Operating Margin % for the quarter that ended in Dec. 2021 was 0.27%.

Good Sign:

Vocera Communications Inc operating margin is expanding. Margin expansion is usually a good sign.

Vocera Communications's 5-Year average Growth Rate for Operating Margin % was 25.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vocera Communications's annualized ROC % for the quarter that ended in Dec. 2021 was 0.37%. Vocera Communications's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was -108.51%.


Vocera Communications Operating Income Historical Data

The historical data trend for Vocera Communications'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.

Vocera Communications Operating Income Chart

Vocera Communications Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.70 -6.31 -14.12 -4.08 -4.09

Vocera Communications Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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 2.83 -4.41 -3.24 3.39 0.18

Vocera Communications 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.1 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.


Vocera Communications  (NYSE:VCRA) Operating Income Explanation

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

Vocera Communications's annualized ROC % for the quarter that ended in Dec. 2021 is calculated as:

ROC % (Q: Dec. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2021 ) + Invested Capital (Q: Dec. 2021 ))/ count )
=0.7 * ( 1 - -38.32% )/( (249.615 + 276.612)/ 2 )
=0.96824/263.1135
=0.37 %

where

Invested Capital(Q: Sep. 2021 )
=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))
=516.685 - 25.84 - ( 304.575 - max(0, 128.597 - 369.827+304.575))
=249.615

Invested Capital(Q: Dec. 2021 )
=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))
=556.06 - 28.616 - ( 332.393 - max(0, 148.91 - 399.742+332.393))
=276.612

Note: The Operating Income data used here is four times the quarterly (Dec. 2021) data.

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

Vocera Communications's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2021  Q: Dec. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-7.74/( ( (6.477 + max(-25.266, 0)) + (7.789 + max(-44.594, 0)) )/ 2 )
=-7.74/( ( 6.477 + 7.789 )/ 2 )
=-7.74/7.133
=-108.51 %

where Working Capital is:

Working Capital(Q: Sep. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(43.802 + 8.074 + 6.542) - (25.84 + 57.19 + 0.65400000000001)
=-25.266

Working Capital(Q: Dec. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(48.213 + 7.165 + 4.7830000000001) - (28.616 + 75.116 + 1.023)
=-44.594

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2021) EBIT data.

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

Vocera Communications's Operating Margin % for the quarter that ended in Dec. 2021 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2021 )/Revenue (Q: Dec. 2021 )
=0.175/65.769
=0.27 %

* 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.


Vocera Communications Operating Income Related Terms

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Vocera Communications (Vocera Communications) Business Description

Traded in Other Exchanges
N/A
Address
525 Race Street, San Jose, CA, USA, 95126
Vocera Communications Inc provides secure, integrated, and intelligent communication and workflow solutions that empower mobile workers in healthcare, hospitality, energy, and other mission-critical mobile work environments in the United States and internationally. It has two operating segments: Product and Service. The company's communication solution could be integrated with other clinical systems, including electronic health records, nurse call systems, and patient monitoring, as well as to provide critical data, alerts, alarms, and clinical context that enable workflow. It also offers Vocera Communication and Workflow System, a software platform, which connects communication devices, including hands-free, wearable, voice-controlled communication badges and third-party mobile devices.
Executives
Paul T Johnson other: EVP Sales and Services C/O VOCERA COMMUNICATIONS, INC. 525 RACE STREET SAN JOSE CA 95126
Brent D. Lang director, officer: Chairman, President & CEO C/O VOCERA COMMUNICATIONS, INC., 525 RACE STREET, SAN JOSE CA 95126
Mary Bridget Duffy officer: Chief Medical Officer C/O VOCERA COMMUNICATIONS, INC., 525 RACE STREET, SAN JOSE CA 95126
Douglas Alan Carlen other: General Counsel 110 RIO ROBLES SAN JOSE CA 95134
John N Mcmullen director C/O EASTMAN KODAK COMPANY, 343 STATE STREET, ROCHESTER NY 14650
Justin Spencer officer: EVP, Chief Financial Officer C/O VOCERA COMMUNICATIONS, INC. 525 RACE STREET SAN JOSE CA 95126
Ronald A Paulus director QUOVADX, INC. 7600 E. ORCHARD RD., SUITE 300S GREENWOOD VILLAGE CO 80111
Howard E Janzen director COOL PLANET 6400 S. FIDDLERS GREEN CIRCLE, STE 1300 GREENWOOD VILLAGE CO 80111
Alexa King director C/O FIREEYE, INC. 1440 MCCARTHY BOULEVARD MILPITAS CA 95035
Julie Iskow director 2900 UNIVERSITY BOULEVARD, AMES X1 50010
Michael Burkland director C/O FIVE9, INC., 4000 EXECUTIVE PARKWAY, SUITE 400, SAN RAMON CA 94583
Bharat Sundaram director 100 NORTH POINT CENTER EAST, SUITE 200, ALPHARETTA GA 30022
Jeff Hillebrand director 3061 ZANKER RD SAN JOSE CA 95134
John B. Grotting director C/O VOCERA COMMUNICATIONS, INC. 525 RACE STREET SAN JOSE CA 95126
Robert Zollars director 3061 ZANKER RD, SAN JOSEC CA 95134

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