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DocuSign Operating Income

: $-62 Mil (TTM As of Jan. 2022)
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DocuSign's Operating Income for the three months ended in Jan. 2022 was $-25 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2022 was $-62 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. DocuSign's Operating Income for the three months ended in Jan. 2022 was $-25 Mil. DocuSign's Revenue for the three months ended in Jan. 2022 was $581 Mil. Therefore, DocuSign's Operating Margin % for the quarter that ended in Jan. 2022 was -4.33%.

Good Sign:

DocuSign Inc operating margin is expanding. Margin expansion is usually a good sign.

DocuSign's 5-Year average Growth Rate for Operating Margin % was 29.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. DocuSign's annualized ROC % for the quarter that ended in Jan. 2022 was -4.36%. DocuSign's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2022 was -35.80%.


DocuSign Operating Income Historical Data

The historical data trend for DocuSign'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.

DocuSign Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22
Operating Income
Premium Member Only Premium Member Only -51.65 -426.32 -193.51 -173.86 -61.88

DocuSign Quarterly Data
Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22
Operating Income 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 Premium Member Only Premium Member Only Premium Member Only -24.90 -10.74 -22.61 -3.36 -25.18

DocuSign 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 Jan. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-62 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.


DocuSign  (NAS:DOCU) Operating Income Explanation

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

DocuSign's annualized ROC % for the quarter that ended in Jan. 2022 is calculated as:

ROC % (Q: Jan. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2021 ) + Invested Capital (Q: Jan. 2022 ))/ count )
=-100.712 * ( 1 - -3.5% )/( (2335.504 + 2449.127)/ 2 )
=-104.23692/2392.3155
=-4.36 %

where

Invested Capital(Q: Oct. 2021 )
=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))
=2410.503 - 128.777 - ( 818.458 - max(0, 1260.367 - 1206.589+818.458))
=2335.504

Invested Capital(Q: Jan. 2022 )
=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))
=2541.265 - 144.181 - ( 802.822 - max(0, 1371.639 - 1319.596+802.822))
=2449.127

Note: The Operating Income data used here is four times the quarterly (Jan. 2022) data.

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

DocuSign's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2021  Q: Jan. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-111.196/( ( (310.44 + max(-840.188, 0)) + (310.685 + max(-830.049, 0)) )/ 2 )
=-111.196/( ( 310.44 + 310.685 )/ 2 )
=-111.196/310.5625
=-35.80 %

where Working Capital is:

Working Capital(Q: Oct. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(305.599 + 0 + 67.842) - (128.777 + 940.111 + 144.741)
=-840.188

Working Capital(Q: Jan. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(440.95 + 0 + 63.236) - (144.181 + 1029.891 + 160.163)
=-830.049

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2022) EBIT data.

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

DocuSign's Operating Margin % for the quarter that ended in Jan. 2022 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2022 )/Revenue (Q: Jan. 2022 )
=-25.178/580.828
=-4.33 %

* 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.


DocuSign Operating Income Related Terms

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


DocuSign Business Description

DocuSign logo
Industry
Technology » Software NAICS : 511210 SIC : 7379
Traded in Other Exchanges
Address
221 Main Street, Suite 1550, San Francisco, CA, USA, 94105
DocuSign offers the Agreement Cloud, a broad cloud-based software suite that enables users to automate the agreement process and provide legally binding e-signatures from nearly any device. The company was founded in 2003 and completed its IPO in May 2018.
Executives
Gaylor Cynthia officer: Chief Financial Officer C/O PIVOTAL SOFTWARE, INC. 875 HOWARD STREET, FIFTH FLOOR SAN FRANCISCO CA 94103
Olrich Scott V. officer: Chief Operating Officer C/O DOCUSIGN, INC. 221 MAIN ST., SUITE 1000 SAN FRANCISCO CA 94105
Salem Enrique T director SYMANTEC CORPORATION 20330 STEVENS CREEK BLVD. CUPERTINO CA 95014
Solvik Peter director 2105 SOUTH BASCOM AVE. #370 CAMPBELL CA 95008
Alhadeff Loren officer: Chief Revenue Officer C/O DOCUSIGN, INC. SUITE 1000 SAN FRANCISCO CA 94105
Wilderotter Mary Agnes director 115 ALPINE TERRACE OAKLAND CA 94618
Springer Daniel D. director, officer: President and CEO C/O DOCUSIGN, INC. 221 MAIN ST., SUITE 1000 SAN FRANCISCO CA 94105
Phi Tram T officer: SVP, General Counsel C/O IMPERVA, INC. 3400 BRIDGE PARKWAY REDWOOD SHORES CA 94065
Suh Inhi Cho director C/O DOCUSIGN, INC. 221 MAIN STREET, SUITE 1000 SAN FRANCISCO CA 94105
Singh Sudhir Steven director 6222 185TH AVE REDMOND WA 98052
Irving Blake director 14455 N. HAYDEN RD. SCOTTSDALE AZ 85260
Briggs Teresa director 2225 LAWSON LANE SANTA CLARA CA 95054
Beer James A director MCKESSON CORPORATION ONE POST STREET SAN FRANCISCO CA 94104
Wolberg Kirsten O. officer: Chief Technology & Ops Officer 900 NORTH MCCARTHY BLVD MILPITAS CA 95035
Sheridan Michael J officer: Chief Financial Officer C/O DOCUSIGN, INC. 221 MAIN ST., SUITE 1000 SAN FRANCISCO CA 94105

DocuSign Headlines

From GuruFocus

A Bad Sign for DocuSign?

By 03-14-2022

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