Beasley Broadcast Group (Beasley Broadcast Group) Operating Income : $17.8 Mil (TTM As of Dec. 2023)

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What is Beasley Broadcast Group Operating Income?

Beasley Broadcast Group's Operating Income for the three months ended in Dec. 2023 was $8.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $17.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Beasley Broadcast Group's Operating Income for the three months ended in Dec. 2023 was $8.6 Mil. Beasley Broadcast Group's Revenue for the three months ended in Dec. 2023 was $65.7 Mil. Therefore, Beasley Broadcast Group's Operating Margin % for the quarter that ended in Dec. 2023 was 13.01%.

Warning Sign:

Beasley Broadcast Group Inc operating margin has been in a 5-year decline. The average rate of decline per year is -5.2%.

Beasley Broadcast Group's 5-Year average Growth Rate for Operating Margin % was -5.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Beasley Broadcast Group's annualized ROC % for the quarter that ended in Dec. 2023 was 4.91%. Beasley Broadcast Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 56.18%.

Beasley Broadcast Group Operating Income Historical Data

The historical data trend for Beasley Broadcast Group'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.

Beasley Broadcast Group Operating Income Chart

Beasley Broadcast Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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31.89

0.24

14.47

15.22

17.81

Beasley Broadcast Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Operating Income	Get a 7-Day Free Trial															7.37	0.41	5.53	3.31	8.55

Beasley Broadcast Group 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $17.8 Mil.

Beasley Broadcast Group (NAS:BBGI) Operating Income Explanation

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

Beasley Broadcast Group's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	34.208 * ( 1 - 23.8% )	/	( (549.336	+	512.157)	/ 2 )
=	26.066496	/	530.7465
=	4.91 %

where

	Invested Capital		(Q: Sep. 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	))
=	594.381	-	15.38	-	( 29.665	-	max(0, 48.347	-	91.32	+	29.665	))
=	549.336

	Invested Capital		(Q: Dec. 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	))
=	574.268	-	35.377	-	( 26.734	-	max(0, 48.296	-	86.647	+	26.734	))
=	512.157

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Beasley Broadcast Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	60.952	/	( ( (89.406 + max(21.65, 0))	+	(86.242 + max(19.7, 0)) )	/	2 )
=	60.952	/	( ( 111.056	+	105.942 )	/	2 )
=	60.952	/	108.499
=	56.18 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(47.687	+	0	+	13.968)	-	(15.38	+	0	+	24.625)
=	21.65

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(53.424	+	0	+	6.489)	-	(35.377	+	4.836	+	0)
=	19.7

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Beasley Broadcast Group's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	8.552	/	65.749
	=	13.01 %

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.

Beasley Broadcast Group Operating Income Related Terms

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

Beasley Broadcast Group (Beasley Broadcast Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Beasley Broadcast Group Inc (NAS:BBGI) » Definitions » Operating Income

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BZS:Germany

Address

3033 Riviera Drive, Suite 200, Naples, FL, USA, 34103

Website

https://www.bbgi.com

Beasley Broadcast Group Inc is a multi-platform media company, whose primary business is operating radio stations throughout the United States. The Company offers local and national advertisers integrated marketing solutions across audio, digital and event platforms. The Company owns and operates stations in the following markets: Atlanta, GA, Augusta, GA, Boston, MA, Charlotte, NC, Detroit, MI, Fayetteville, NC, Fort Myers-Naples, FL, Las Vegas, NV, Middlesex, NJ, Monmouth, NJ, Morristown, NJ, Philadelphia, PA, Tampa-Saint Petersburg, FL, and Wilmington, DE. The Company currently operates three operating segments Audio, Digital and esports.

Executives

Caroline Beasley	director, 10 percent owner, officer: CFO
Bruce G Beasley	director, 10 percent owner, officer: President	3033 RIVIERA DRIVE, SUITE 200, NAPLES FL 34103
Bradley C Beasley	10 percent owner	3033 RIVERA DRIVE, SUITE 200, NAPLES FL 34103
Brian E Beasley	director, officer: Vice President of Operations	3033 RIVERA DRIVE, SUITE 200, NAPLES FL 34103
Gordon H Smith	director	6903 ROCKLEDGE DRIVE, SUITE 1500, BETHESDA MD 21771
Christopher D. Ornelas	officer: General Counsel	C/O BEASLEY BROADCAST GROUP, INC., 3033 RIVIERA DRIVE, SUITE 200, NAPLES FL 34103
Warfield Charles M. Jr.	director	C/O BEASLEY BROADCAST GROUP, INC., 3033 RIVIERA DRIVE, SUITE 200, NAPLES FL 34103
George G Beasley	director, 10 percent owner, officer: CEO
Leslie V Godridge	director
Mark S Fowler	director	C/O TALK AMERICA HOLDINGS, INC., 12020 SUNRISE VALLEY DR, STE. 250, RESTON VA 20191
Cristina Bordes 2009 Gift Trust	other: See Remarks	C/O CARTER LEDYARD & MILBURN LLP, TWO WALL STREET, NEW YORK NY 10005
Stephanie L. Bordes	other: See Remarks	C/O CARTER LEDYARD & MILBURN LLP, TWO WALL STREET, NEW YORK NY 10005
Stephen M. Bordes	other: See Remarks	C/O CARTER LEDYARD & MILBURN LLP, TWO WALL STREET, NEW YORK NY 10005
Cristina Bordes	10 percent owner	C/O CARTER LEDYARD & MILBURN LLP, TWO WALL STREET, NEW YORK NY 10005
Bordes 2015 Grat #7 Lee	other: See Remarks	C/O CARTER LEDYARD & MILBURN LLP, TWO WALL STREET, NEW YORK NY 10005