ION Geophysical (ION Geophysical) Operating Income : $-15.1 Mil (TTM As of Sep. 2021)

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What is ION Geophysical Operating Income?

ION Geophysical's Operating Income for the three months ended in Sep. 2021 was $6.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2021 was $-15.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. ION Geophysical's Operating Income for the three months ended in Sep. 2021 was $6.8 Mil. ION Geophysical's Revenue for the three months ended in Sep. 2021 was $44.4 Mil. Therefore, ION Geophysical's Operating Margin % for the quarter that ended in Sep. 2021 was 15.26%.

ION Geophysical'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. ION Geophysical's annualized ROC % for the quarter that ended in Sep. 2021 was -2.43%. ION Geophysical's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was 60.18%.

ION Geophysical Operating Income Historical Data

The historical data trend for ION Geophysical'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.

ION Geophysical Operating Income Chart

ION Geophysical Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Operating Income

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-38.02

-12.86

-17.72

-24.46

-10.44

ION Geophysical Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Operating Income	Get a 7-Day Free Trial															-11.16	-4.28	-10.23	-7.38	6.77

ION Geophysical 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 Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-15.1 Mil.

ION Geophysical (OTCPK:IOGPQ) Operating Income Explanation

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

ION Geophysical's annualized ROC % for the quarter that ended in Sep. 2021 is calculated as:

	ROC % (Q: Sep. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2021 )	+	Invested Capital (Q: Sep. 2021 ))	/ count )
=	27.096 * ( 1 - 113.82% )	/	( (154.023	+	154.572)	/ 2 )
=	-3.7446672	/	154.2975
=	-2.43 %

where

	Invested Capital		(Q: Jun. 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	))
=	179.262	-	65.463	-	( 26.731	-	max(0, 102.639	-	62.415	+	26.731	))
=	154.023

	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	))
=	190.908	-	78.466	-	( 24.143	-	max(0, 116.185	-	74.055	+	24.143	))
=	154.572

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

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

ION Geophysical's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2021		Q: Sep. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	23.676	/	( ( (39.725 + max(-38.746, 0))	+	(38.963 + max(-49.104, 0)) )	/	2 )
=	23.676	/	( ( 39.725	+	38.963 )	/	2 )
=	23.676	/	39.344
=	60.18 %

where Working Capital is:

	Working Capital		(Q: Jun. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10.531	+	10.783	+	7.243)	-	(65.463	+	1.84	+	0)
=	-38.746

	Working Capital		(Q: Sep. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(15.89	+	10.673	+	5.808)	-	(78.466	+	3.009	+	1.4210854715202E-14)
=	-49.104

When net working capital is negative, 0 is used.

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

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

ION Geophysical's Operating Margin % for the quarter that ended in Sep. 2021 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2021 )	/	Revenue (Q: Sep. 2021 )
	=	6.774	/	44.391
	=	15.26 %

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.

ION Geophysical Operating Income Related Terms

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ION Geophysical (ION Geophysical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ION Geophysical Corp (OTCPK:IOGPQ) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

2105 CityWest Boulevard, Suite 100, Houston, TX, USA, 77042-2855

Website

https://www.iongeo.com

ION Geophysical Corp is a United States-based technology-focused company, which provides geoscience products, services, and solutions to the global oil and gas industry. The company operates through two segments: E&P Technology & Services and E&P Operations Optimization. It generates the majority of its revenue comes from the Technology & Services segment which creates digital data assets and delivers services to E&P(exploration and production) companies. Its geographical segments are Latin America, North America, Europe, Asia Pacific, Africa, Middle East, and others.

Executives

Gates Capital Management, Inc.	10 percent owner	1177 AVE. OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Mark J Doran	director	4203 YOAKUM BLVD, SUITE 100, HOUSTON TX 77006
Gary L Pittman	director	4203 YOAKUM BLVD SUITE 100 HOUSTON TX 77006
Jeffrey L Gates	10 percent owner	1177 AVENUE OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Gates Capital Management, L.p.	10 percent owner	1177 AVENUE OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Gates Capital Management Gp, Llc	10 percent owner	1177 AVENUE OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Sheila M Rodermund	officer: EVP, Operations Optimization	4203 YOAKUM BLVD SUITE 100 HOUSTON TX 77006
Shaohua Zhang	director	4203 YOAKUM BLVD SUITE 100 HOUSTON TX 77042
Lapeyre James M Jr	director	C/O LAITRAM CORP 220 LAITRAM LANE HARAHAN LA 70123
Christopher Theron Usher	officer: EVP & COO, GeoScience	4203 YOAKUM BLVD SUITE 100 HOUSTON TX 77006
Michael L Morrison	officer: Controller	4203 YOAKUM BLVD, SUITE 100, HOUSTON TX 77042
Dale J Lambert	officer: EVP, Operations Optimization	4203 YOAKUM BLVD SUITE 100 HOUSTON TX 77006
Michael Y Mcgovern	director	700 LOUISIANA, STE 4300, HOUSTON TX 77002
Tina L Val	director	2826 KINGS RETREAT CIRCLE, KINGWOOD TX 77345
R Brian Hanson	officer: Exec. VP & CFO	ION GEOPHYSICAL CORPORATION 2105 CITYWEST, BLDG 3, SUITE 100 HOUSTON TX 77042-2855