KLX Energy Services Holdings (KLX Energy Services Holdings) Operating Income : $55.0 Mil (TTM As of Dec. 2023)

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What is KLX Energy Services Holdings Operating Income?

KLX Energy Services Holdings's Operating Income for the three months ended in Dec. 2023 was $2.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $55.0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. KLX Energy Services Holdings's Operating Income for the three months ended in Dec. 2023 was $2.0 Mil. KLX Energy Services Holdings's Revenue for the three months ended in Dec. 2023 was $194.2 Mil. Therefore, KLX Energy Services Holdings's Operating Margin % for the quarter that ended in Dec. 2023 was 1.03%.

KLX Energy Services Holdings'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. KLX Energy Services Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 3.76%. KLX Energy Services Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.93%.

KLX Energy Services Holdings Operating Income Historical Data

The historical data trend for KLX Energy Services Holdings'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.

KLX Energy Services Holdings Operating Income Chart

KLX Energy Services Holdings Annual Data

Trend

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Dec22

Dec23

Operating Income

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22.10

-28.70

-127.50

32.50

55.00

KLX Energy Services Holdings Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Operating Income	Get a 7-Day Free Trial															22.20	15.70	20.80	16.50	2.00

KLX Energy Services Holdings 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 $55.0 Mil.

KLX Energy Services Holdings (NAS:KLXE) Operating Income Explanation

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

KLX Energy Services Holdings'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 )
=	8 * ( 1 - -43.75% )	/	( (310.8	+	300.4)	/ 2 )
=	11.5	/	305.6
=	3.76 %

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	))
=	524.3	-	123.1	-	( 90.4	-	max(0, 152.9	-	287.4	+	90.4	))
=	310.8

	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	))
=	539.8	-	126.9	-	( 112.5	-	max(0, 164.1	-	290.3	+	112.5	))
=	300.4

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

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

KLX Energy Services Holdings'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 )
=	11.6	/	( ( (230.3 + max(73.9, 0))	+	(242.9 + max(42.6, 0)) )	/	2 )
=	11.6	/	( ( 304.2	+	285.5 )	/	2 )
=	11.6	/	294.85
=	3.93 %

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)
=	(155.7	+	33.4	+	7.9)	-	(123.1	+	0	+	0)
=	73.9

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(127	+	33.5	+	17.3)	-	(126.9	+	0	+	8.3)
=	42.6

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 %:

KLX Energy Services Holdings'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 )
	=	2	/	194.2
	=	1.03 %

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.

KLX Energy Services Holdings Operating Income Related Terms

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KLX Energy Services Holdings (KLX Energy Services Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » KLX Energy Services Holdings Inc (NAS:KLXE) » Definitions » Operating Income

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KX4A:Germany

Address

3040 Post Oak Boulevard, 15th Floor, Houston, TX, USA, 77056

Website

https://www.klxenergy.com

KLX Energy Services Holdings Inc is a provider of completion, intervention and production services and products to the onshore oil and gas producing regions of the United States. It serves the companies engaged in the exploration and development of North American onshore conventional and unconventional oil and natural gas reserves. Its products and services offerings include surface facilities and equipment, pressure control services, wireline services, fishing services, and engineered products. The company's segments include Southwest; Rocky Mountains and Northeast/Mid-Con region.

Executives

Christopher J. Baker	officer: See Remarks	C/O QUINTANA ENERGY SERVICES, 1415 LOUISIANA STREET, SUITE 2900, HOUSTON TX 77002
Keefer Mcgovern Lehner	officer: See Remarks	C/O QUINTANA ENERGY SERVICES, 1415 LOUISIANA STREET, SUITE 2400, HOUSTON TX 77002
Geoffrey C Stanford	officer: Chief Accouting Officer	4400 POST OAK PARKWAY, SUITE 1000, HOUSTON TX 77027
Max Bouthillette	officer: See Remarks	C/O QUINTANA ENERGY SERVICES, 1415 LOUISIANA STREET, SUITE 2400, HOUSTON TX 77002
Denham Capital Management Gp Llc	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Denham Capital Management Lp	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Denham Iv Continuation Fund Gp Lp	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Stuart D Porter	10 percent owner	200 CLARENDON ST, 25TH FLOOR, BOSTON MA 02116
Denham Iv Continuation Gp Llc	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Greene's Investment Holdings Llc	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Denham Iv Continuation Fund Lp	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Greene's Holding Corp	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Robertson Corbin J Jr	director, 10 percent owner, other: Member of 10% owner group	601 JEFFERSON STE 3600, HOUSTON TX 77002
John T Whates	director	1400 CORPORATE CENTER WAY, WELLINGTON FL 33414
John T Collins	director	THE COLLINS GROUP, 60 STATE ST, SUITE 700, BOSTON MA 02109