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Cardtronics (Cardtronics) Operating Income : $85 Mil (TTM As of Mar. 2021)


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What is Cardtronics Operating Income?

Cardtronics's Operating Income for the three months ended in Mar. 2021 was $27 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2021 was $85 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Cardtronics's Operating Income for the three months ended in Mar. 2021 was $27 Mil. Cardtronics's Revenue for the three months ended in Mar. 2021 was $268 Mil. Therefore, Cardtronics's Operating Margin % for the quarter that ended in Mar. 2021 was 10.06%.

Warning Sign:

Cardtronics PLC operating margin has been in 5-year decline. The average rate of decline per year is -13.2%.

Cardtronics's 5-Year average Growth Rate for Operating Margin % was -13.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cardtronics's annualized ROC % for the quarter that ended in Mar. 2021 was 5.00%. Cardtronics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2021 was 16.33%.


Cardtronics Operating Income Historical Data

The historical data trend for Cardtronics'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.

Cardtronics Operating Income Chart

Cardtronics Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 169.72 154.34 97.86 107.02 76.21

Cardtronics Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 17.88 0.71 24.96 32.67 26.96

Cardtronics 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 Mar. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $85 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.


Cardtronics  (NAS:CATM) Operating Income Explanation

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

Cardtronics's annualized ROC % for the quarter that ended in Mar. 2021 is calculated as:

ROC % (Q: Mar. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2020 ) + Invested Capital (Q: Mar. 2021 ))/ count )
=107.82 * ( 1 - 33.44% )/( (1457.08 + 1412.218)/ 2 )
=71.764992/1434.649
=5.00 %

where

Invested Capital(Q: Dec. 2020 )
=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))
=1831.445 - 388.337 - ( 174.242 - max(0, 475.985 - 462.013+174.242))
=1457.08

Invested Capital(Q: Mar. 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))
=1829.858 - 409.912 - ( 197.363 - max(0, 475.812 - 483.54+197.363))
=1412.218

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

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

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

ROC (Joel Greenblatt) %(Q: Mar. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2020  Q: Mar. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=78.34/( ( (490.21 + max(-164.531, 0)) + (469.295 + max(-167.028, 0)) )/ 2 )
=78.34/( ( 490.21 + 469.295 )/ 2 )
=78.34/479.7525
=16.33 %

where Working Capital is:

Working Capital(Q: Dec. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(89.867 + 6.598 + 191.306) - (388.337 + 4.295 + 59.67)
=-164.531

Working Capital(Q: Mar. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(87.77 + 6.21 + 192.197) - (409.912 + 4.182 + 39.111)
=-167.028

When net working capital is negative, 0 is used.

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

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

Cardtronics's Operating Margin % for the quarter that ended in Mar. 2021 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2021 )/Revenue (Q: Mar. 2021 )
=26.955/267.834
=10.06 %

* 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.


Cardtronics Operating Income Related Terms

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Cardtronics (Cardtronics) Business Description

Traded in Other Exchanges
N/A
Address
2050 West Sam Houston Parkway South, Suite 1300, Houston, TX, USA, 77042
Cardtronics PLC is a U.S.-based company that provides automated consumer financial services through its network of automated teller machines and financial services kiosks. Products and services provided by the company include ATM and kiosk monitoring and maintenance, cash management, customer service, transaction processing, and settlement services. The company primarily generates revenue from fees charged to cardholders, as well as cardholders' financial institutions, for using the company's devices. The company also earns revenue from other services, such as foreign exchange transaction, advertising, and other transaction-based fees.
Executives
Edward H West director, officer: Chief Executive Officer 3250 BRIARPARK DR, SUITE 400, HOUSTON TX 77042
Rahul Gupta director 255 FISERV DRIVE, BROOKFIELD WI 53045
Paul Wilmore officer: Chief Marketing Officer 2050 W. SAM HOUSTON PKWY. S. SUITE 1300 HOUSTON TX 77042
Paul A Gullo officer: Chief Accounting Officer C/O CARDTRONICS PLC 3250 BRIARPARK DRIVE SUITE 400 HOUSTON TX 77042
Stuart Mackinnon officer: Chief Information Officer 3250 BRIARPARK, SUITE 400, HOUSTON TX 77042
Marc Terry officer: Managing Director of EMEA 3250 BRIARPARK SUITE 400 HOUSTON TX 77042
Dan Antilley officer: EVP Operations & CISO 3250 BRIARPARK, SUITE 400 HOUSTON TX 77042
Geri House officer: Chief Human Resources Officer C/O CARDTRONICS PLC, 3250 BRIARPARK DR. SUITE 400 HOUSTON TX 77042
Aimie Marie Killeen officer: EVP Gen Counsel & Secretary 3250 BRIARPARK, SUITE 400, HOUSTON TX 77042
Hudson Executive Capital Lp director, 10 percent owner C/O CADWALADER, WICKERSHAM & TAFT, LLP, 200 LIBERTY STREET, NEW YORK NY 10281
Douglas L Braunstein director, 10 percent owner HUDSON EXECUTIVE CAPITAL LP, 570 LEXINGTON AVENUE, 35TH FLOOR, NEW YORK NY 10022
Hec Management Gp Llc director, 10 percent owner 1185 AVENUE OF THE AMERICAS, 32ND FLOOR, NEW YORK NY 10036
Gary W Ferrera officer: Chief Financial Officer 3250 BRIARPARK, SUITE 400, HOUSTON TX 77042
Julie Winger Gardner director 3250 BRIARPARK DRIVE SUITE 400 HOUSTON TX 77042
Warren Jenson director 30 FREDRICK AVE, ATHERTON CA 94027

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