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iFresh (iFresh) Operating Income : $-2.81 Mil (TTM As of Dec. 2020)


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What is iFresh Operating Income?

iFresh's Operating Income for the three months ended in Dec. 2020 was $0.99 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2020 was $-2.81 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. iFresh's Operating Income for the three months ended in Dec. 2020 was $0.99 Mil. iFresh's Revenue for the three months ended in Dec. 2020 was $25.63 Mil. Therefore, iFresh's Operating Margin % for the quarter that ended in Dec. 2020 was 3.85%.

iFresh'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. iFresh's annualized ROC % for the quarter that ended in Dec. 2020 was 16.32%. iFresh's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2020 was 3.77%.


iFresh Operating Income Historical Data

The historical data trend for iFresh'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.

iFresh Operating Income Chart

iFresh Annual Data
Trend Dec14 Dec15 Mar17 Mar18 Mar19 Mar20
Operating Income
Get a 7-Day Free Trial -2.40 1.80 -1.75 -11.51 -8.21

iFresh Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 -1.30 -2.02 1.63 -3.40 0.99

iFresh 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.81 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.


iFresh  (OTCPK:IFMK) Operating Income Explanation

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

iFresh's annualized ROC % for the quarter that ended in Dec. 2020 is calculated as:

ROC % (Q: Dec. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2020 ) + Invested Capital (Q: Dec. 2020 ))/ count )
=3.944 * ( 1 - -457.28% )/( (135.983 + 133.381)/ 2 )
=21.9791232/134.682
=16.32 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2020) data.

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

iFresh's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2020 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2020  Q: Dec. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3.172/( ( (82.758 + max(0.712, 0)) + (81.499 + max(3.345, 0)) )/ 2 )
=3.172/( ( 83.47 + 84.844 )/ 2 )
=3.172/84.157
=3.77 %

where Working Capital is:

Working Capital(Q: Sep. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.862 + 12.173 + 6.675) - (14.154 + 7.844 + 0)
=0.712

Working Capital(Q: Dec. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.559 + 13.281 + 6.967) - (16.122 + 5.34 + 7.105427357601E-15)
=3.345

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2020) EBIT data.

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

iFresh's Operating Margin % for the quarter that ended in Dec. 2020 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2020 )/Revenue (Q: Dec. 2020 )
=0.986/25.63
=3.85 %

* 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.


iFresh Operating Income Related Terms

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iFresh (iFresh) Business Description

Traded in Other Exchanges
N/A
Address
2-39 54th Avenue, Long Island City, NY, USA
iFresh Inc is an Asian/Chinese grocery supermarket chain in the North-Eastern U.S. providing food and other merchandise hard to find in mainstream grocery stores. The company has two reportable and operating segments: Retail segment and Wholesale segment. It offers seafood, vegetables, meat, fruit, frozen goods, groceries, and bakery products through its retail stores. The company generates a majority of its revenue from its retail segment.
Executives
Fei Zhang 10 percent owner NO. 136-30 YUE JIN VILLAGE DA DU KOU DISTRICT CHONG QING CITY F4 400080
Ping Zhou director, 10 percent owner 51 RENMIN SOUTH ROAD BUILDING 3, UNIT 3, ROOM 501 WUHOU DISTRICT CHENGDU SICHUAN F4 610041
Jay Walder director 2-39 54TH AVENUE LONG ISLAND CITY NY 11101
Long Yi officer: Chief Financial Officer NO. 1688, YUNLI ROAD, TONLGI, WUJIANG, JIANGSU PROVINCE F4 0000000000
Long Deng director, 10 percent owner, officer: CEO, COO & Chairman of Board 2-39 54TH AVENUE LONG ISLAND CITY NY 11101
Lilly Deng director, 10 percent owner, officer: VP of Legal and Finance 2-39 54TH AVENUE LONG ISLAND CITY NY 11101
Hk Xu Ding Co., Ltd 10 percent owner UNIT 5, 27/F., RICHMOND COMM. BLDG. 109 ARGYLE STREET, MONGKOK, KOWLOON HONG KONG K3 0000000
Junfeng Liu 10 percent owner UNIT 5, 27/F., RICHMOND COMM. BLDG. 109 ARGYLE STREET MONGKOK, KOWLOON K3 00000
Harvey Leibowitz director
Mark Fang director 2-39 54TH AVENUE LONG ISLAND CITY NY 11101
Xin He officer: Chief Financial Officer 32000 AURORA ROAD, SUITE B, SOLON OH 44139
Jianming You director 2-39 54TH AVENUE LONG ISLAND CITY NY 11101
Amy He officer: Chief Financial Officer 8TH FLOOR BLOCK 8 AOLINJIATAI BLDG, 1 KEHUIQIAN ST, CHAOYANG DISTRICT, BEIJING F4 00000
Xiangke Fang director 2-39 54TH AVENUE LONG ISLAND CITY NY 11101
Henry Chang-yu Lee director 300 BOSTON POST ROAD WEST HAVEN CT 06516

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