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Americold Realty Trust (Americold Realty Trust) Operating Income : $204 Mil (TTM As of Mar. 2024)


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What is Americold Realty Trust Operating Income?

Americold Realty Trust's Operating Income for the three months ended in Mar. 2024 was $53 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $204 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Americold Realty Trust's Operating Income for the three months ended in Mar. 2024 was $53 Mil. Americold Realty Trust's Revenue for the three months ended in Mar. 2024 was $665 Mil. Therefore, Americold Realty Trust's Operating Margin % for the quarter that ended in Mar. 2024 was 8.02%.

Warning Sign:

Americold Realty Trust Inc operating margin has been in a 5-year decline. The average rate of decline per year is -14.3%.

Americold Realty Trust's 5-Year average Growth Rate for Operating Margin % was -14.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Americold Realty Trust's annualized ROC % for the quarter that ended in Mar. 2024 was 2.28%. Americold Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 61.70%.


Americold Realty Trust Operating Income Historical Data

The historical data trend for Americold Realty 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.

Americold Realty Trust Operating Income Chart

Americold Realty Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 185.60 190.87 127.86 133.45 190.04

Americold Realty Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 39.69 45.37 47.01 57.97 53.32

Americold Realty 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $204 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.


Americold Realty Trust  (NYSE:COLD) Operating Income Explanation

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

Americold Realty Trust's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=213.26 * ( 1 - 16.9% )/( (7714.347 + 7806.554)/ 2 )
=177.21906/7760.4505
=2.28 %

where

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))
=7869.252 - 535.734 - ( 60.392 - max(0, 956.269 - 575.44+60.392))
=7714.347

Invested Capital(Q: Mar. 2024 )
=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))
=7788.177 - 513.82 - ( 59.204 - max(0, 998.828 - 466.631+59.204))
=7806.554

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

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

Americold Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=180.904/( ( (247.302 + max(-66.404, 0)) + (339.062 + max(-135.482, 0)) )/ 2 )
=180.904/( ( 247.302 + 339.062 )/ 2 )
=180.904/293.182
=61.70 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(426.048 + 30.719 + 40.942) - (535.734 + 28.379 + -1.1368683772162E-13)
=-66.404

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(407.427 + 0 + -5.6843418860808E-14) - (513.82 + 29.089 + 0)
=-135.482

When net working capital is negative, 0 is used.

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

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

Americold Realty Trust's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=53.315/664.98
=8.02 %

* 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.


Americold Realty Trust Operating Income Related Terms

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Americold Realty Trust (Americold Realty Trust) Business Description

Traded in Other Exchanges
Address
10 Glenlake Parkway, South Tower, Suite 600, Atlanta, GA, USA, 30328
Americold Realty Trust Inc is the world's second-largest owner and operator of temperature-controlled warehouses behind privately held Lineage Logistics. The Atlanta, Georgia-based firm owns and operates approximately 240 temperature-controlled warehouses, spanning 1.4 billion cubic feet. In 2021, the firm derived about 79% of its revenue from the United States but also has sizable operations in Europe, Canada, Australia, and New Zealand. Americold supplements its core business by providing supply management and transportation services to its various customers. It operates as a real estate investment trust.
Executives
Thomas C Novosel officer: See Remarks AMERICOLD REALTY TRUST, 10 GLENLAKE PARKWAY NE, SUITE 700, ATLANTA GA 30328
Robert Scott Chambers officer: EVP, Chief Commercial Officer 11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097
Nathan H Harwell officer: EVP & Chief Legal Officer 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Michael Bryan Verbarendse officer: see remarks 10 GLENLAKE PARKWAY, SUITE 600, SOUTH TOWER, ATLANTA GA 30328
Russell Scott Henderson officer: EVP & Chief Investment Officer 10 GLENLAKE PARKWAY, SOUTH TOWER, SUITE 600, ATLANTA GA 30328
Snyder James C Jr officer: See Remarks 10 GLENLAKE PKWY, SOUTH TOWER, SUITE 600, ATLANTA GA 30328
David Charles Moore officer: See remarks C/O AMERICOLD REALTY TRUST, INC., 10 GLENLAKE PKWY, STE 600, SOUTH TOWER, ATLANTA GA 30328
Richard Charles Winnall officer: See remarks C/O AMERICOLD REALTY TRUST, INC., 10 GLENLAKE PKWY, STE 600, SOUTH TOWER, ATLANTA GA 30328
Samantha L Charleston officer: EVP & Chief Human Resources Of 10 GLENLAKE PARKWAY, SOUTH TOWER, SUITE 600, ATLANTA GA 30328
Kelly Hefner Barrett director 4630 WYNMEADE PARK, MARIETTA GA 30067
Robert L Bass director 7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Pamela K Kohn director 3001 COLORADO BLVD, DENTON TX 76210
Chappelle George F. Jr. director, officer: Interim CEO C/O ADVANCEPIERRE FOODS HOLDINGS, INC., 9987 CARVER ROAD, BLUE ASH OH 45242
Carlos V Rodriguez officer: EVP and COO 300 PHILLIPI ROAD, COLUMBUS OH 43228
James R Heistand director 5127 FAIRWAY OAKS DRIVE, WINDERMERE FL 34786