The Intergroup (The Intergroup) Operating Income : $1.53 Mil (TTM As of Dec. 2023)

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What is The Intergroup Operating Income?

The Intergroup's Operating Income for the three months ended in Dec. 2023 was $-1.35 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $1.53 Mil.

Warning Sign:

The Intergroup Corp has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. The Intergroup's Operating Income for the three months ended in Dec. 2023 was $-1.35 Mil. The Intergroup's Revenue for the three months ended in Dec. 2023 was $14.32 Mil. Therefore, The Intergroup's Operating Margin % for the quarter that ended in Dec. 2023 was -9.40%.

The Intergroup'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. The Intergroup's annualized ROC % for the quarter that ended in Dec. 2023 was -6.11%. The Intergroup's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

The Intergroup Operating Income Historical Data

The historical data trend for The Intergroup'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.

The Intergroup Operating Income Chart

The Intergroup Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Operating Income

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15.20

4.89

-4.87

3.67

4.34

The Intergroup 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															0.20	0.96	0.31	1.60	-1.35

The Intergroup 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 $1.53 Mil.

The Intergroup (NAS:INTG) Operating Income Explanation

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

The Intergroup'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 )
=	-5.384 * ( 1 - -5.8% )	/	( (94.044	+	92.516)	/ 2 )
=	-5.696272	/	93.28
=	-6.11 %

where

	Invested Capital		(Q: Sep. 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	))
=	119.544	-	14.358	-	( 20.276	-	max(0, 15.983	-	27.125	+	20.276	))
=	94.044

	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	))
=	124.186	-	17.266	-	( 28.734	-	max(0, 17.266	-	31.67	+	28.734	))
=	92.516

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

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

The Intergroup'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 )
=	2.232	/	( ( (0 + max(-9.91, 0))	+	(0 + max(-14.33, 0)) )	/	2 )
=	2.232	/	( ( 0	+	0 )	/	2 )
=	2.232	/	0
=	%

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	+	0	+	6.073)	-	(14.358	+	0.671	+	0.954)
=	-9.91

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	2.936)	-	(17.266	+	0	+	0)
=	-14.33

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 %:

The Intergroup'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 )
	=	-1.346	/	14.321
	=	-9.40 %

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.

The Intergroup Operating Income Related Terms

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

The Intergroup (The Intergroup) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » The Intergroup Corp (NAS:INTG) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

1516 S. Bundy Drive, Suite 200, Los Angeles, CA, USA, 90025

Website

https://www.intgla.com

The Intergroup Corp is an us-based company operating in the real estate sector. It is formed to buy, develop, operate, rehabilitate and dispose of real property of various types and descriptions, and to engage in other related business and investment activities. The company operates through three segments namely Hotel Operations, Real Estate Operations, and Investment Transactions. The Hotel Operations segment which generates the majority of the revenue covers the operation of the Hilton hotel and garage. The Real Estate Operations segment consists of the operation of multifamily rental properties whereas the Investment Transactions segment includes an investment of cash in marketable securities and other investments.

Executives

John C Love	director	11620 WILSHIRE BOULEVARD, SUITE 350, LOS ANGELES CA 90025
Babin C Jerold	director	11620 WILSHIRE BOULEVARD, SUITE 350, LOS ANGELES, LOS ANGELES CA 90025
William John Nance	director	11620 WILSHIRE BOULEVARD, SUITE 350, LOS ANGELES CA 90025
Danfeng Xu	officer: Treasurer and Controller	1100 GLENDON AVENUE, SUITE PH-1, LOS ANGELES CA 90024
Yvonne L Murphy	director	10940 WILSHIRE BLVD., SUITE 2150, LOS ANGELES X1 90024
David T Nguyen	officer: TREASURER	10940 WILSHIRE BLVD, SUITE 2150, LOS ANGELES CA 90024
Michael G Zybala	10 percent owner	PO BOX 270828, SAN DIEGO CA 92198-2828
John V Winfield	director, 10 percent owner, officer: President & CEO	11620 WILSHIRE BOULEVARD, SUITE 350, LOS ANGELES CA 90025
Michael Gary Zybala	officer: Asst. Secretary & Gen. Counsel	16912 ABUNDANTE ST, SAN DIEGO CA 92127
David C Gonzalez	officer: Vice President Real Estate
Gary N Jacobs	director, officer: Secretary	MGM MIRAGE, 3600 LAS VEGAS BLVD., S., LAS VEGAS NV 89109
Josef A Grunwald	director	820 MORAGA DRIVE, LOS ANGELES CA 90049
Mildred Bond Roxborough	director	39 BROADWAY, SUITE 2200, NEW YORK NY 10006