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Eagle Pharmaceuticals's Operating Income for the three months ended in Jun. 2023 was $10.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2023 was $41.0 Mil.
Operating Margin % is calculated as Operating Income divided by its Revenue. Eagle Pharmaceuticals's Operating Income for the three months ended in Jun. 2023 was $10.3 Mil. Eagle Pharmaceuticals's Revenue for the three months ended in Jun. 2023 was $64.6 Mil. Therefore, Eagle Pharmaceuticals's Operating Margin % for the quarter that ended in Jun. 2023 was 15.94%.
Warning Sign:
Eagle Pharmaceuticals Inc operating margin has been in a 5-year decline. The average rate of decline per year is -21.5%.
Eagle Pharmaceuticals's 5-Year average Growth Rate for Operating Margin % was -21.50% per year.
Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Eagle Pharmaceuticals's annualized ROC % for the quarter that ended in Jun. 2023 was 7.36%. Eagle Pharmaceuticals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 48.63%.
The historical data trend for Eagle Pharmaceuticals'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.
Eagle Pharmaceuticals Annual Data | |||||||||||||||||||||
Trend | Sep13 | Sep14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Operating Income | Get a 7-Day Free Trial | 46.47 | 21.82 | 32.95 | 2.77 | 80.96 |
Eagle Pharmaceuticals Quarterly Data | ||||||||||||||||||||
Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
Operating Income | Get a 7-Day Free Trial | 2.20 | 9.46 | 9.47 | 11.77 | 10.30 |
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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $41.0 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.
Eagle Pharmaceuticals (NAS:EGRX) Operating Income Explanation
1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Eagle Pharmaceuticals's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:
ROC % (Q: Jun. 2023 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Mar. 2023 ) | + | Invested Capital (Q: Jun. 2023 )) | / count ) |
= | 41.216 * ( 1 - 44.46% ) | / | ( (306.875 | + | 315.013) | / 2 ) |
= | 22.8913664 | / | 310.944 | |||
= | 7.36 % |
where
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 | )) |
= | 414.175 | - | 85.403 | - | ( 21.897 | - | max(0, 97.809 | - | 192.491 | + | 21.897 | )) |
= | 306.875 |
Invested Capital | (Q: Jun. 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 | )) |
= | 404.822 | - | 74.455 | - | ( 15.354 | - | max(0, 86.63 | - | 187.25 | + | 15.354 | )) |
= | 315.013 |
Note: The Operating Income data used here is four times the quarterly (Jun. 2023) data.
2. Joel Greenblatt's definition of Return on Capital:
Eagle Pharmaceuticals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:
ROC (Joel Greenblatt) % | (Q: Jun. 2023 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Mar. 2023 | Q: Jun. 2023 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 42.984 | / | ( ( (1.116 + max(80.803, 0)) | + | (1.013 + max(93.841, 0)) ) | / | 2 ) |
= | 42.984 | / | ( ( 81.919 | + | 94.854 ) | / | 2 ) |
= | 42.984 | / | 88.3865 | ||||
= | 48.63 % |
where Working Capital is:
Working Capital | (Q: Mar. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (114.953 | + | 44.14 | + | 10.432) | - | (85.403 | + | 0 | + | 3.319) |
= | 80.803 |
Working Capital | (Q: Jun. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (115.14 | + | 42.482 | + | 13.13) | - | (74.455 | + | 0 | + | 2.456) |
= | 93.841 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.
3. Operating Income is also linked to Operating Margin %:
Eagle Pharmaceuticals's Operating Margin % for the quarter that ended in Jun. 2023 is calculated as:
Operating Margin % | = | Operating Income (Q: Jun. 2023 ) | / | Revenue (Q: Jun. 2023 ) |
= | 10.304 | / | 64.646 | |
= | 15.94 % |
* 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.
Thank you for viewing the detailed overview of Eagle Pharmaceuticals's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Scott Tarriff | director, officer: President and CEO | 28 TUDOR ROSE TERRACE, MAHWAH NJ 07430 |
Richard A. Edlin | director | C/O EAGLE PHARMACEUTICALS, INC., 50 TICE BOULEVARD, SUITE 315, WOODCLIFF LAKE NJ 07677 |
Michael Shawn Moran | officer: EVP, Chief Commercial Officer | C/O EAGLE PHARMACEUTICALS, INC., 50 TICE BLVD., SUITE 315, WOODCLIFF NJ 07677 |
Luciana Borio | director | C/O EAGLE PHARMACEUTICALS, INC., 50 TICE BLVD., SUITE 315, WOODCLIFF LAKE NJ 07677 |
Brian Joseph Cahill | officer: Chief Financial Officer | C/O EAGLE PHARMACEUTICALS, INC., 50 TICE BOULEVARD, SUITE 315, WOODCLIFF LAKE NJ 07677 |
Judith Ng-cashin | officer: Chief Medical Officer | C/O EAGLE PHARMACEUTICALS, INC., 50 TICE BOULEVARD, SUITE 315, WOODCLIFF LAKE NJ 07677 |
Hudson Executive Capital Lp | director | C/O CADWALADER, WICKERSHAM & TAFT, LLP, 200 LIBERTY STREET, NEW YORK NY 10281 |
Hec Management Gp Llc | director | 1185 AVENUE OF THE AMERICAS, 32ND FLOOR, NEW YORK NY 10036 |
Jennifer K. Simpson | director | C/O DELCATH SYSTEMS, INC., 810 SEVENTH AVENUE, SUITE 3505, NEW YORK NY 10019 |
Douglas L Braunstein | director | HUDSON EXECUTIVE CAPITAL LP, 570 LEXINGTON AVENUE, 35TH FLOOR, NEW YORK NY 10022 |
Sander A Flaum | director | 630 PARK AVE, NEW YORK NY 10019 |
Pete A. Meyers | officer: Chief Financial Officer | C/O TETRALOGIC PHARMACEUTICALS CORP, 343 PHOENIXVILLE PIKE, MALVERN PA 19355 |
David Pernock | director | 405 EAGLEVIEW BOULEVARD, EXTON PA 19341 |
Proquest Investments Iv, L.p. | 10 percent owner | 2430 VANDERBILT BEACH ROAD, #108 - 190, NAPLES FL 34109 |
Steven L. Krill | officer: Chief Scientific Officer | C/O EAGLE PHARMCEUTICALS, INC., 50 TICE BLVD. SUITE 315, WOODCLIFF LAKE NJ 07677 |
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