Copper Mountain Mining (Copper Mountain Mining) Operating Income : $-16.1 Mil (TTM As of Mar. 2023)

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What is Copper Mountain Mining Operating Income?

Copper Mountain Mining's Operating Income for the three months ended in Mar. 2023 was $9.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2023 was $-16.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Copper Mountain Mining's Operating Income for the three months ended in Mar. 2023 was $9.7 Mil. Copper Mountain Mining's Revenue for the three months ended in Mar. 2023 was $73.4 Mil. Therefore, Copper Mountain Mining's Operating Margin % for the quarter that ended in Mar. 2023 was 13.19%.

Copper Mountain Mining'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. Copper Mountain Mining's annualized ROC % for the quarter that ended in Mar. 2023 was 49.95%. Copper Mountain Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 2.55%.

Copper Mountain Mining Operating Income Historical Data

The historical data trend for Copper Mountain Mining'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.

Copper Mountain Mining Operating Income Chart

Copper Mountain Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Operating Income

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9.46

8.70

70.73

226.90

-18.76

Copper Mountain Mining Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Operating Income	Get a 7-Day Free Trial															6.48	-5.05	-10.88	-9.84	9.68

Copper Mountain Mining 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-16.1 Mil.

Copper Mountain Mining (OTCPK:CPPMF) Operating Income Explanation

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

Copper Mountain Mining's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	38.736 * ( 1 - -764.24% )	/	( (705.063	+	635.439)	/ 2 )
=	334.7720064	/	670.251
=	49.95 %

where

	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	))
=	809.692	-	85.059	-	( 62.978	-	max(0, 192.67	-	212.24	+	62.978	))
=	705.063

	Invested Capital		(Q: Mar. 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	))
=	723.902	-	68.636	-	( 40.483	-	max(0, 90.003	-	109.83	+	40.483	))
=	635.439

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

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

Copper Mountain Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	14.948	/	( ( (547.992 + max(59.837, 0))	+	(565.628 + max(-3.367, 0)) )	/	2 )
=	14.948	/	( ( 607.829	+	565.628 )	/	2 )
=	14.948	/	586.7285
=	2.55 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(17.555	+	28.302	+	99.824)	-	(85.059	+	0.785	+	0)
=	59.837

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(19.463	+	31.139	+	15.904)	-	(68.636	+	1.043	+	0.194)
=	-3.367

When net working capital is negative, 0 is used.

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

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

Copper Mountain Mining's Operating Margin % for the quarter that ended in Mar. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	9.684	/	73.447
	=	13.19 %

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.

Copper Mountain Mining Operating Income Related Terms

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Copper Mountain Mining (Copper Mountain Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Copper Mountain Mining Corp (OTCPK:CPPMF) » Definitions » Operating Income

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Traded in Other Exchanges

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Address

700 West Pender Street, Suite 1700, Vancouver, BC, CAN, V6C 1G8

Website

https://www.CuMtn.com.

Copper Mountain Mining Corp is a copper producer, developer and explorer. Copper Mountain's flagship asset is the Copper Mountain mine located in southern British Columbia near the town of Princeton. The Copper Mountain mine produces over 90 million pounds of copper equivalent per year with a large resource that remains open laterally and at depth. The company also has the development stage Eva Copper Project in Queensland, Australia. The Company is engaged in mining, exploration and development of mineral properties, and has an operating mine in Canada.