Sprott Physical Uranium Trust (TSX:U.UN) Operating Income : C$-38.39 Mil (TTM As of Dec. 2022)

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What is Sprott Physical Uranium Trust Operating Income?

Sprott Physical Uranium Trust's Operating Income for the six months ended in Dec. 2022 was C$-16.11 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2022 was C$-38.39 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Sprott Physical Uranium Trust's Operating Income for the six months ended in Dec. 2022 was C$-16.11 Mil. Sprott Physical Uranium Trust's Revenue for the six months ended in Dec. 2022 was C$0.00 Mil. Therefore, Sprott Physical Uranium Trust's Operating Margin % for the quarter that ended in Dec. 2022 was %.

Sprott Physical Uranium Trust'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. Sprott Physical Uranium Trust's annualized ROC % for the quarter that ended in Dec. 2022 was -0.85%. Sprott Physical Uranium Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was -1.66%.

Sprott Physical Uranium Trust Operating Income Historical Data

The historical data trend for Sprott Physical Uranium Trust'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.

Sprott Physical Uranium Trust Operating Income Chart

Sprott Physical Uranium Trust Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Dec22

Dec23

Operating Income

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-5.55

-5.71

-4.98

-39.75

-38.72

Sprott Physical Uranium Trust Semi-Annual Data
	Feb13	Aug13	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Jun22	Dec22	Dec23
Operating Income	Get a 7-Day Free Trial															-1.57	-3.47	-22.29	-16.11	-

Sprott Physical Uranium Trust 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. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was C$-38.39 Mil.

Sprott Physical Uranium Trust (TSX:U.UN) Operating Income Explanation

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

Sprott Physical Uranium Trust's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	-32.21 * ( 1 - 0% )	/	( (3666.835	+	3878.77)	/ 2 )
=	-32.21	/	3772.8025
=	-0.85 %

where

	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	))
=	3964.935	-	214.308	-	( 288.657	-	max(0, 214.308	-	298.1	+	288.657	))
=	3666.835

	Invested Capital		(Q: Dec. 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	))
=	3928.173	-	21.509	-	( 27.894	-	max(0, 21.509	-	3928.173	+	27.894	))
=	3878.77

Note: The Operating Income data used here is two times the semi-annual (Dec. 2022) data.

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

Sprott Physical Uranium Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-32.21	/	( ( (0 + max(-211.4, 0))	+	(0 + max(3870.078, 0)) )	/	2 )
=	-32.21	/	( ( 0	+	3870.078 )	/	2 )
=	-32.21	/	1935.039
=	-1.66 %

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	2.908)	-	(214.308	+	0	+	0)
=	-211.4

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	3891.587)	-	(21.509	+	0	+	0)
=	3870.078

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

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

Sprott Physical Uranium Trust's Operating Margin % for the quarter that ended in Dec. 2022 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	-16.105	/	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.

Sprott Physical Uranium Trust Operating Income Related Terms

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Sprott Physical Uranium Trust (TSX:U.UN) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Sprott Physical Uranium Trust (TSX:U.UN) » Definitions » Operating Income

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Address

200 Bay Street, Royal Bank Plaza, South Tower, Suite 2600, Toronto, ON, CAN, M5J 2J1

Website

https://www.sprott.com

Sprott Physical Uranium Trust is an investment company managed by Denison Mines Inc. Its primary interest lies in investing in Uranium based assets, including uranium oxide and uranium hexafluoride. The company stores its uranium deposits at uranium conversion facilities.

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