Nevada Organic Phosphate (XCNQ:NOP) Operating Income : C$-1.07 Mil (TTM As of Jan. 2024)

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What is Nevada Organic Phosphate Operating Income?

Nevada Organic Phosphate's Operating Income for the three months ended in Jan. 2024 was C$-0.31 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2024 was C$-1.07 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Nevada Organic Phosphate's Operating Income for the three months ended in Jan. 2024 was C$-0.31 Mil. Nevada Organic Phosphate's Revenue for the three months ended in Jan. 2024 was C$0.00 Mil. Therefore, Nevada Organic Phosphate's Operating Margin % for the quarter that ended in Jan. 2024 was %.

Nevada Organic Phosphate'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. Nevada Organic Phosphate's annualized ROC % for the quarter that ended in Jan. 2024 was -5,356.52%. Nevada Organic Phosphate's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was %.

Nevada Organic Phosphate Operating Income Historical Data

The historical data trend for Nevada Organic Phosphate'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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Nevada Organic Phosphate Operating Income Chart

Nevada Organic Phosphate Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Apr22

Apr23

Operating Income

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-2.56

-4.55

-4.94

-0.13

-0.93

Nevada Organic Phosphate Quarterly Data
	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Operating Income	Get a 7-Day Free Trial															-0.18	-0.32	-0.17	-0.27	-0.31

Nevada Organic Phosphate 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 C$-1.07 Mil.

Nevada Organic Phosphate (XCNQ:NOP) Operating Income Explanation

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

Nevada Organic Phosphate'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 )
=	-1.232 * ( 1 - 0% )	/	( (0.023	+	0.023)	/ 2 )
=	-1.232	/	0.023
=	-5,356.52 %

where

	Invested Capital		(Q: Oct. 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	))
=	0.091	-	0.057	-	( 0.027	-	max(0, 0.057	-	0.068	+	0.027	))
=	0.023

	Invested Capital		(Q: Jan. 2024 )
=	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	))
=	0.186	-	0.123	-	( 0.128	-	max(0, 0.123	-	0.163	+	0.128	))
=	0.023

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

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

Nevada Organic Phosphate'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 )
=	-1.232	/	( ( (0 + max(-0.045, 0))	+	(0 + max(-0.114, 0)) )	/	2 )
=	-1.232	/	( ( 0	+	0 )	/	2 )
=	-1.232	/	0
=	%

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)
=	(0	+	0	+	0.012)	-	(0.057	+	0	+	0)
=	-0.045

	Working Capital		(Q: Jan. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.009)	-	(0.123	+	0	+	0)
=	-0.114

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 %:

Nevada Organic Phosphate'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 )
	=	-0.308	/	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.

Nevada Organic Phosphate Operating Income Related Terms

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

Nevada Organic Phosphate (XCNQ:NOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada Organic Phosphate Inc (XCNQ:NOP) » Definitions » Operating Income

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Traded in Other Exchanges

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Address

625 Howe Street, Suite 1120, Vancouver, BC, CAN, V6C 2T6

Website

https://www.nevadaphosphate.com

Nevada Organic Phosphate Inc is a junior exploration company for organic, sedimentary raw rock phosphate in northeast Nevada.

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