Great Panther Mining (Great Panther Mining) Operating Income : $-43.9 Mil (TTM As of Jun. 2022)

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What is Great Panther Mining Operating Income?

Great Panther Mining's Operating Income for the three months ended in Jun. 2022 was $-5.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2022 was $-43.9 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Great Panther Mining's Operating Income for the three months ended in Jun. 2022 was $-5.2 Mil. Great Panther Mining's Revenue for the three months ended in Jun. 2022 was $30.0 Mil. Therefore, Great Panther Mining's Operating Margin % for the quarter that ended in Jun. 2022 was -17.36%.

Great Panther Mining'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. Great Panther Mining's annualized ROC % for the quarter that ended in Jun. 2022 was -8.18%. Great Panther Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was -24.62%.

Great Panther Mining Operating Income Historical Data

The historical data trend for Great Panther Mining'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.

Great Panther Mining Operating Income Chart

Great Panther Mining Annual Data

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Dec21

Operating Income

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-0.45

-10.81

-35.53

56.95

-33.30

Great Panther Mining Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Operating Income	Get a 7-Day Free Trial															-8.04	-15.48	-12.76	-10.46	-5.21

Great Panther Mining 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-43.9 Mil.

Great Panther Mining (OTCPK:GPLDF) Operating Income Explanation

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

Great Panther Mining's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:

	ROC % (Q: Jun. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2022 )	+	Invested Capital (Q: Jun. 2022 ))	/ count )
=	-20.852 * ( 1 - -0.14% )	/	( (260.557	+	249.92)	/ 2 )
=	-20.8811928	/	255.2385
=	-8.18 %

where

	Invested Capital		(Q: Mar. 2022 )
=	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	))
=	290.219	-	47.811	-	( 33.374	-	max(0, 108.734	-	90.585	+	33.374	))
=	260.557

	Invested Capital		(Q: Jun. 2022 )
=	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	))
=	261.964	-	51.272	-	( 21.058	-	max(0, 121.891	-	82.663	+	21.058	))
=	249.92

Note: The Operating Income data used here is four times the quarterly (Jun. 2022) data.

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

Great Panther Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2022		Q: Jun. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-42.74	/	( ( (179.562 + max(-10.956, 0))	+	(167.603 + max(-21.594, 0)) )	/	2 )
=	-42.74	/	( ( 179.562	+	167.603 )	/	2 )
=	-42.74	/	173.5825
=	-24.62 %

where Working Capital is:

	Working Capital		(Q: Mar. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.115	+	27.195	+	8.117)	-	(47.811	+	0	+	1.572)
=	-10.956

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	23.814	+	28.677)	-	(51.272	+	0	+	22.813)
=	-21.594

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2022) EBIT data.

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

Great Panther Mining's Operating Margin % for the quarter that ended in Jun. 2022 is calculated as:

Operating Margin %	=	Operating Income (Q: Jun. 2022 )	/	Revenue (Q: Jun. 2022 )
	=	-5.213	/	30.022
	=	-17.36 %

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.

Great Panther Mining Operating Income Related Terms

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Great Panther Mining (Great Panther Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Panther Mining Ltd (OTCPK:GPLDF) » Definitions » Operating Income

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Address

1330 - 200 Granville Street, Vancouver, BC, CAN, V6C 1S4

Website

https://www.greatpanther.com

Great Panther Mining Ltd is a precious metals mining and exploration company. The company operates three mines, including the Tucano Gold Mine in Amapa State, Brazil, and two primary silver mines in Mexico: the Guanajuato Mine Complex (GMC) and the Topia Mine. Its Coricancha segment contains the net assets associated with Coricancha and the Corporate segment provides financial, human resources, and technical support to the three mining operations and Coricancha. The GMC operation produces silver and gold in concentrate, and the Topia operation produces silver, gold, lead, and zinc in concentrate for refining off-site. The Tucano operation produces gold dore. It generates the majority of its revenue from Brazil.