Medical Properties Trust (Medical Properties Trust) Operating Income : $81.3 Mil (TTM As of Dec. 2023)

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What is Medical Properties Trust Operating Income?

Medical Properties Trust's Operating Income for the three months ended in Dec. 2023 was $-233.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $81.3 Mil.

Warning Sign:

Medical Properties Trust Inc 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. Medical Properties Trust's Operating Income for the three months ended in Dec. 2023 was $-233.1 Mil. Medical Properties Trust's Revenue for the three months ended in Dec. 2023 was $-122.4 Mil. Therefore, Medical Properties Trust's Operating Margin % for the quarter that ended in Dec. 2023 was 190.49%.

Warning Sign:

Medical Properties Trust Inc operating margin has been in a 5-year decline. The average rate of decline per year is -25.5%.

Medical Properties Trust's 5-Year average Growth Rate for Operating Margin % was -25.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Medical Properties Trust's annualized ROC % for the quarter that ended in Dec. 2023 was -5.03%. Medical Properties Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -163.45%.

Medical Properties Trust Operating Income Historical Data

The historical data trend for Medical Properties Trust'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.

Medical Properties Trust Operating Income Chart

Medical Properties Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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581.48

828.44

1,038.68

1,003.68

81.28

Medical Properties Trust 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															248.44	217.52	-87.29	184.18	-233.13

Medical Properties Trust 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 $81.3 Mil.

Medical Properties Trust (NYSE:MPW) Operating Income Explanation

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

Medical Properties Trust'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 )
=	-932.504 * ( 1 - -0.6% )	/	( (18803.607	+	18459.839)	/ 2 )
=	-938.099024	/	18631.723
=	-5.03 %

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	))
=	19004.882	-	375.888	-	( 340.058	-	max(0, 1762.462	-	1587.849	+	340.058	))
=	18803.607

	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	))
=	18304.844	-	412.178	-	( 250.016	-	max(0, 1964.56	-	1397.387	+	250.016	))
=	18459.839

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

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

Medical Properties Trust'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 )
=	-801.52	/	( ( (0 + max(576.152, 0))	+	(0 + max(404.616, 0)) )	/	2 )
=	-801.52	/	( ( 576.152	+	404.616 )	/	2 )
=	-801.52	/	490.384
=	-163.45 %

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)
=	(984.32	+	0	+	0)	-	(375.888	+	32.28	+	0)
=	576.152

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(681.046	+	0	+	173.71)	-	(412.178	+	37.962	+	0)
=	404.616

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 %:

Medical Properties Trust'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 )
	=	-233.126	/	-122.383
	=	190.49 %

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.

Medical Properties Trust Operating Income Related Terms

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

Medical Properties Trust (Medical Properties Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Medical Properties Trust Inc (NYSE:MPW) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

MPW:Mexico M3P:Germany M3P:Germany M2PW34:Brazil

Address

1000 Urban Center Drive, Suite 501, Birmingham, AL, USA, 35242

Website

https://www.medicalpropertiestrust.com

Medical Properties Trust Inc is a healthcare facility REIT. The company operates one segment, which owns and leases healthcare facilities. The vast majority of Medical's revenue is generated in the United States, followed by Germany and the United Kingdom. The company considers merger and acquisition investment as a component of its operational growth strategy. It provides financing for a variety of facilities that require funds for acquisitions, sale-leasebacks, new developments, and expansion projects.

Executives

Aldag Edward K Jr	director, officer: Chairman, President & CEO	1000 URBAN CENTER DRIVE, SUITE 501, BIRMINGHAM AL 35242
R Steven Hamner	director, officer: Executive Vice President & CFO
Larry H Portal	officer: SVP, Senior Advisor to the CEO	1000 URBAN CENTER DRIVE, SUITE 501, BIRMINGHAM AL 35242
Rosa Handley Hooper	officer: SVP of Operations & Asst. Sec.	1000 URBAN CENTER DRIVE, SUITE 501, BIRMINGHAM AL 35242
James Kevin Hanna	officer: Senior VP, Controller & CAO	1000 URBAN CENTER DRIVE, SUITE 501, BIRMINGHAM AL 35242
Michael G Stewart	officer: Exec. VP, Gen Counsel, Sec	1000 URBAN CENTER DRIVE, SUITE 501, BIRMINGHAM AL 35242
Emily Webster Murphy	director	601 N FAIRFAX ST, ALEXANDRIA VA 22314
Emmett E Mclean	officer: EVP, Secretary, and COO	1000 URBAN CENTER DRIVE, SUITE 501, BIRMINGHAM AL 35242
Caterina Ardon Mozingo	director	PO BOX 33, MONTGOMERY AL 36101-0033
G Steven Dawson	director	CIRA CENTRE, 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Elizabeth N Pitman	director	1901 SIXTH AVE NORTH, SUITE 1400, BIRMINGHAM AL 35203
William G Mckenzie	director, officer: Vice Chairman of the Board	1000 URBAN CENTER DRIVE, SUITE 501, BIRMINGHAM AL 35242
Thompson C Reynolds Iii	director	227 WEST TRADE STREET, SUITE 900, CHARLOTTE NC 28202
Sherry A Kellett	director
Daniel Paul Sparks	director	1000 URBAN CENTER DRIVE, SUITE 501, BIRMINGHAM AL 35242