GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Energy Focus Inc (NAS:EFOI) » Definitions » Operating Income

Energy Focus (Energy Focus) Operating Income : $-3.97 Mil (TTM As of Dec. 2023)


View and export this data going back to 1994. Start your Free Trial

What is Energy Focus Operating Income?

Energy Focus's Operating Income for the three months ended in Dec. 2023 was $-0.77 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-3.97 Mil.

Warning Sign:

Energy Focus Inc has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Energy Focus's Operating Income for the three months ended in Dec. 2023 was $-0.77 Mil. Energy Focus's Revenue for the three months ended in Dec. 2023 was $2.39 Mil. Therefore, Energy Focus's Operating Margin % for the quarter that ended in Dec. 2023 was -31.97%.

Warning Sign:

Energy Focus Inc operating margin has been in a 5-year decline. The average rate of decline per year is -19%.

Energy Focus's 5-Year average Growth Rate for Operating Margin % was -19.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Energy Focus's annualized ROC % for the quarter that ended in Dec. 2023 was -77.27%. Energy Focus's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -77.18%.


Energy Focus Operating Income Historical Data

The historical data trend for Energy Focus'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.

Energy Focus Operating Income Chart

Energy Focus 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 -6.76 -4.13 -8.73 -8.96 -3.97

Energy Focus 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 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 -1.76 -1.20 -1.10 -0.90 -0.77

Energy Focus 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 $-3.97 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.


Energy Focus  (NAS:EFOI) Operating Income Explanation

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

Energy Focus'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 )
=-3.06 * ( 1 - 0% )/( (3.955 + 3.965)/ 2 )
=-3.06/3.96
=-77.27 %

where

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

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

Energy Focus'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 )
=-2.768/( ( (1.046 + max(2.762, 0)) + (1.011 + max(2.354, 0)) )/ 2 )
=-2.768/( ( 3.808 + 3.365 )/ 2 )
=-2.768/3.5865
=-77.18 %

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)
=(0.844 + 4.901 + 0.189) - (3.025 + 0 + 0.147)
=2.762

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.772 + 4.439 + 0.948) - (4.205 + 0.45 + 0.15)
=2.354

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 %:

Energy Focus'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 )
=-0.765/2.393
=-31.97 %

* 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.


Energy Focus Operating Income Related Terms

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


Energy Focus (Energy Focus) Business Description

Traded in Other Exchanges
Address
32000 Aurora Road, Suite B, Solon, OH, USA, 44139
Energy Focus Inc engages in the design, development, manufacturing, marketing, and sale of energy-efficient lighting systems and controls. It serves the military maritime market and general commercial markets. Its product offerings include Military maritime LED lighting products such as military intelligible, globe lights, berth lights, and military fixtures and Commercial products such as LED fixtures and panels, LED down-lights, LED dock lights, wall-packs, and LED retrofit kits. Geographically, it operates in the United States and other countries. Its products include Commercial products and MMM products. It generates a majority of its sales from Military maritime products in the United States.
Executives
Shou-jang Lee director 32000 AURORA RD., SUITE B, SOLON OH 44139
Randy Harrison Gianas officer: VP Operations & Engineering 32000 AURORA RD., SUITE B, SOLON OH 44139
Lesley A. Matt officer: Chief Executive Officer 32000 AURORA RD., SUITE B, SOLON OH 44139
Warren James Raymond Iii officer: SVP, GC & Corp. Secretary TUCKER ELLIS LLP, 925 EUCLID AVE., SUITE 1150, CLEVELAND OH 44115
Wen-jeng Chang director 32000 AURORA RD., SUITE B, SOLON OH 44139
Chiao Chieh Huang director, 10 percent owner 32000 AURORA RD., SUITE B, SOLON OH 44139
Gina Huang director, 10 percent owner C/O ENERGY FOCUS, INC., 32000 AURORA ROAD, SOLON OH 44139
Daas Kaj Den director EIFELLAAN #3, 5691 GW, SON EN BREUGEL P7 00000
Clifford R. Griffin officer: SVP, Corp. Controller & CAO 32000 AURORA ROAD, SUITE B, SOLON OH 44139
Jeffery Robert Parker director ENERGY FOCUS, INC., 32000 AURORA ROAD, SUITE B, SOLON OH 44139
Brian J Lagarto director 32000 AURORA RD., SUITE B, SOLON OH 44139
Gregory S Galluccio officer: Sr. VP, Product Mgmt & Engin. 32000 AURORA ROAD, SUITE B, SOLON OH 44139
Philip Politziner director C/O JENSYN ACQUISTION CORP, 800 WEST MAIN STREET, SUITE 204, FREEHOLD NJ 07728
Stephen Socolof director C/O EVERSPIN TECHNOLOGIES, INC., 1347 N. ALMA SCHOOL ROAD, SUITE 220, CHANDLER AZ 85224
James Tu director, officer: Executive Chairman & CEO ENERGY FOCUS, INC., 32000 AURORA ROAD, SOLON OH 44139