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Bridgford Foods (Bridgford Foods) Operating Income : $2.2 Mil (TTM As of Jan. 2024)


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What is Bridgford Foods Operating Income?

Bridgford Foods's Operating Income for the three months ended in Jan. 2024 was $1.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2024 was $2.2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Bridgford Foods's Operating Income for the three months ended in Jan. 2024 was $1.0 Mil. Bridgford Foods's Revenue for the three months ended in Jan. 2024 was $54.8 Mil. Therefore, Bridgford Foods's Operating Margin % for the quarter that ended in Jan. 2024 was 1.84%.

Bridgford Foods'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. Bridgford Foods's annualized ROC % for the quarter that ended in Jan. 2024 was 2.06%. Bridgford Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 6.27%.


Bridgford Foods Operating Income Historical Data

The historical data trend for Bridgford Foods'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.

Bridgford Foods Operating Income Chart

Bridgford Foods Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.16 4.35 -8.74 6.83 4.79

Bridgford Foods Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 1.27 0.52 0.63 - 1.01

Bridgford Foods 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.2 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.


Bridgford Foods  (NAS:BRID) Operating Income Explanation

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

Bridgford Foods's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

ROC % (Q: Jan. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2023 ) + Invested Capital (Q: Jan. 2024 ))/ count )
=4.044 * ( 1 - 29.23% )/( (137.429 + 139.954)/ 2 )
=2.8619388/138.6915
=2.06 %

where

Note: The Operating Income data used here is four times the quarterly (Jan. 2024) data.

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

Bridgford Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=7.664/( ( (67.487 + max(53.847, 0)) + (67.802 + max(55.517, 0)) )/ 2 )
=7.664/( ( 121.334 + 123.319 )/ 2 )
=7.664/122.3265
=6.27 %

where Working Capital is:

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(28.593 + 40.573 + 0.435) - (13.861 + 0.026 + 1.867)
=53.847

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(30.038 + 39.275 + 2.388) - (14.153 + 0 + 2.031)
=55.517

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

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

Bridgford Foods's Operating Margin % for the quarter that ended in Jan. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2024 )/Revenue (Q: Jan. 2024 )
=1.011/54.842
=1.84 %

* 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.


Bridgford Foods Operating Income Related Terms

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Bridgford Foods (Bridgford Foods) Business Description

Traded in Other Exchanges
N/A
Address
1707 South Good-Latimer Expressway, Dallas, TX, USA, 75226
Bridgford Foods Corp manufactures, markets, and distributes frozen and snack food products in the United States. The business segments are processing and distribution of frozen products, and processing and distribution of snack food products. It includes products such as biscuits, bread dough items, roll dough items, dry sausage products, and beef jerky. The company offers frozen food products to the foodservice and retail customers through wholesalers, cooperatives, and distributors; and snack food items to supermarkets, and mass merchandise and convenience retail stores through customer-owned distribution centers, as well as a direct store delivery network. It derives a majority of its revenue from snack food products.
Executives
Richard Eugene Bridgford other: VP, Ind. Relations & Safety 170 N GREEN ST, CHICAGO IL 60607
Brian E. Bridgford other: V.P. Production 170 N. GREEN STREET, CHICAGO IL 60661
Juan Luis Silva other: V.P. Plant Superintendent 3414 STONE CREEK DR, JOLIET IL 60435
Allan Jr. Bridgford director 515 MARGUERITE AVENUE, CORONA DEL MAR CA 92625
Dennis Gregory Scott director 9595 WILSHIRE BLVD., SUITE 710, BEVERLY HILLS CA 90212
Baron Bridgford other: President, BFI. P.O. BOX 3773, ANAHEIM CA 92803
Christopher William Cole other: Senior Vice President 1415 W. 44TH STREET, CHICAGO IL 60609
Bridgford Baron R.h. Ii officer: President 1415 W. 44TH STREET, CHICAGO IL 60609
Cindy Matthews-morales officer: CFO, Secretary 1308 N. PATT STREET, ANAHEIM CA 92801
Michael W. Bridgford officer: Chairman of the Board 1308 N. PATT STREET, ANAHEIM CA 92801
Mary S Schott director 2990 AIRWAY AVENUE, BUILDING A, COSTA MESA CA 92626
Debra Aileen Dealcuaz other: Treasurer, Bridgford Indust. 6432 CONNIE LANE, ROCKWALL TX 75032
Bruce Bridgford director P.O. BOX 3773, ANAHEIM CA 92803
William L Bridgford director, officer: Chairman P.O. BOX 3773, ANAHEIM CA 92803
Raymond F. Lancy director, officer: CFO, TREAS, ASST SEC 1308 N. PATT ST.,, ANAHEIM CA 92801

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