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Monster Worldwide (Monster Worldwide) Operating Income : $-328.3 Mil (TTM As of Sep. 2016)


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What is Monster Worldwide Operating Income?

Monster Worldwide's Operating Income for the three months ended in Sep. 2016 was $-193.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2016 was $-328.3 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Monster Worldwide's Operating Income for the three months ended in Sep. 2016 was $-193.2 Mil. Monster Worldwide's Revenue for the three months ended in Sep. 2016 was $144.8 Mil. Therefore, Monster Worldwide's Operating Margin % for the quarter that ended in Sep. 2016 was -133.48%.

Monster Worldwide'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. Monster Worldwide's annualized ROC % for the quarter that ended in Sep. 2016 was -98.99%. Monster Worldwide's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2016 was -821.28%.


Monster Worldwide Operating Income Historical Data

The historical data trend for Monster Worldwide'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.

Monster Worldwide Operating Income Chart

Monster Worldwide Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 93.77 32.15 17.71 -336.06 9.09

Monster Worldwide Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
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 10.83 7.20 8.38 -150.62 -193.21

Monster Worldwide 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 Sep. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-328.3 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.


Monster Worldwide  (NYSE:MWW) Operating Income Explanation

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

Monster Worldwide's annualized ROC % for the quarter that ended in Sep. 2016 is calculated as:

ROC % (Q: Sep. 2016 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2016 ) + Invested Capital (Q: Sep. 2016 ))/ count )
=-772.844 * ( 1 - 8.21% )/( (811.353 + 621.907)/ 2 )
=-709.3935076/716.63
=-98.99 %

where

Invested Capital(Q: Jun. 2016 )
=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))
=936.346 - 107.755 - ( 103.303 - max(0, 357.845 - 375.083+103.303))
=811.353

Note: The Operating Income data used here is four times the quarterly (Sep. 2016) data.

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

Monster Worldwide's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2016 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2016 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2016  Q: Sep. 2016
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-772.844/( ( (111.391 + max(-75.265, 0)) + (76.814 + max(-75.011, 0)) )/ 2 )
=-772.844/( ( 111.391 + 76.814 )/ 2 )
=-772.844/94.1025
=-821.28 %

where Working Capital is:

Working Capital(Q: Jun. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(218.561 + 0 + 53.219) - (107.755 + 239.29 + 5.6843418860808E-14)
=-75.265

Working Capital(Q: Sep. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(209.743 + 0 + 51.426) - (111.955 + 224.225 + 0)
=-75.011

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2016) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Monster Worldwide's Operating Margin % for the quarter that ended in Sep. 2016 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2016 )/Revenue (Q: Sep. 2016 )
=-193.211/144.753
=-133.48 %

* 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.


Monster Worldwide Operating Income Related Terms

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Monster Worldwide (Monster Worldwide) Business Description

Traded in Other Exchanges
N/A
Address
Monster Worldwide Inc was incorporated in Delaware on August 30, 1996. The Company together with its subsidiaries is engaged in connecting people to jobs, wherever they are. The Company offers services in approximately more than 40 countries, providing some of the sophisticated job seeking, career management, recruitment and talent management capabilities. The Company provides its services through digital, social and mobile solutions, including its flagship website monster.com and other products and services. The Company operates through two segments including Careers-North America and Careers-International. It offers placement of job advertisements on the websites within the Monster network, access to the Monster network of online resume and social profile databases, recruitment media services and other career-related services. The Company's segments provide online services to customers in diversified industries throughout North America, Europe, and the Asia-Pacific region. The Company's services and solutions include searchable job advertisements; resume database access; recruitment media solutions through advertising network and partnerships; social job distribution through Twitter and Facebook; display advertising; lead generation; social profile aggregation; and other career-related content. In addition, the Company has alliances with media and publishing companies, including approximately 1,000 newspapers in the United States, which extends its presence with local and regional job seekers. The Company's sales resources consist of field sales, telesales, a self-service e-Commerce channel, and resellers such as newspapers and recruitment advertising agencies. Its sales activities are geared toward enterprise, small and medium sized businesses ("SMBs"), staffing companies, government agencies, and advertising agencies. Its customers are comprised of enterprise organizations, small and medium-sized organizations, federal, state and local government agencies, educational institutions and individuals. The Company faces competition from a number of sources including other employment-related websites, general classified advertising websites, professional networking and social networking websites, traditional media companies, Internet portals, search engines and general-interest websites such as blogs.
Executives
Giambastiani Edmund P Jr director C/O MONSTER WORLDWIDE, INC., 622 THIRD AVENUE, NEW YORK NY 10017
Timothy T Yates director, officer: CEO and CFO ONE SYMBOL PLAZA, HOLTSVILLE NY 11742
John Gaulding director C/O MONSTER WORLDWIDE INC, 622 THIRD AVENUE, NEW YORK NY 10017
Miller Michael Connolly officer: EVP, GC and Secretary C/O BARNES & NOBLE EDUCATION, INC, 120 MOUNTAIN VIEW BLVD, BASKING RIDGE NJ 07920
Gillian Munson director C/O XO GROUP INC., 195 BROADWAY, 25TH FLOOR, NEW YORK NY 10007
Michael B Mcguinness officer: EVP, Chief Financial Officer C/O THE HAIN CELESTIAL GROUP, INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042
James M Langrock officer: EVP, Chief Financial Officer C/O THE HAIN CELESTIAL GROUP, INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042
Cynthia Mccague director PIER 1 IMPORTS, INC., 100 PIER 1 PLACE, FORT WORTH TX 76102
Robert J Chrenc director C/O SYMBOL TECHNOLOGIES INC, ONE SYMBOL PLAZA, HOLTSVILLE NY 11768
Ceree Eberly director THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
Ronald J Kramer director C/O WYNN RESORTS LTD, 3145 LAS VEGAS BLVD SOUTH, LAS VEGAS NV 89109
Andrew J Mckelvey 10 percent owner C/O MONSTER WORLDWIDE, INC, 622 THIRD AVE, NEW YORK NY 10017
Charles Baker officer: SVP - Chief Financial Officer C/O MONSTER WORLDWIDE, INC., 622 THIRD AVENUE, NEW YORK NY 10017
Philip R Lochner director 699 LAKE AVENUE, GREENWICH CT 06830
Michael Sileck officer: Sr. VP/Chief Financial Officer C/O WORLD WRESTLING ENTERTAINMENT, INC., 1241 EAST MAIN STREET, STAMFORD CT 06902