The York Water Co (The York Water Co) Operating Income : $28.81 Mil (TTM As of Dec. 2023)

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What is The York Water Co Operating Income?

The York Water Co's Operating Income for the three months ended in Dec. 2023 was $6.92 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $28.81 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. The York Water Co's Operating Income for the three months ended in Dec. 2023 was $6.92 Mil. The York Water Co's Revenue for the three months ended in Dec. 2023 was $18.10 Mil. Therefore, The York Water Co's Operating Margin % for the quarter that ended in Dec. 2023 was 38.26%.

Warning Sign:

The York Water Co operating margin has been in a 5-year decline. The average rate of decline per year is -3.8%.

The York Water Co's 5-Year average Growth Rate for Operating Margin % was -3.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The York Water Co's annualized ROC % for the quarter that ended in Dec. 2023 was 4.79%. The York Water Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.76%.

The York Water Co Operating Income Historical Data

The historical data trend for The York Water Co'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 York Water Co Operating Income Chart

The York Water Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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23.79

24.43

23.40

23.21

28.45

The York Water Co 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															5.44	5.42	8.28	8.19	6.92

The York Water Co 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 $28.81 Mil.

The York Water Co (NAS:YORW) Operating Income Explanation

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

The York Water Co'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 )
=	27.696 * ( 1 - 2.94% )	/	( (547.828	+	574.894)	/ 2 )
=	26.8817376	/	561.361
=	4.79 %

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	))
=	561.753	-	16.946	-	( 0.001	-	max(0, 19.131	-	16.11	+	0.001	))
=	547.828

	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	))
=	588.205	-	15.87	-	( 0.001	-	max(0, 18.143	-	15.584	+	0.001	))
=	574.894

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 York Water Co'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 )
=	32.8	/	( ( (475.292 + max(-6.209, 0))	+	(495.273 + max(-5.963, 0)) )	/	2 )
=	32.8	/	( ( 475.292	+	495.273 )	/	2 )
=	32.8	/	485.2825
=	6.76 %

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)
=	(7.994	+	3.225	+	1.703)	-	(16.946	+	0.596	+	1.589)
=	-6.209

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8.25	+	3.109	+	0.821)	-	(15.87	+	0.644	+	1.629)
=	-5.963

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 York Water Co'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 )
	=	6.924	/	18.096
	=	38.26 %

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 York Water Co Operating Income Related Terms

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

The York Water Co (The York Water Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » The York Water Co (NAS:YORW) » Definitions » Operating Income

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Traded in Other Exchanges

YWA:Germany

Address

130 East Market Street, York, PA, USA, 17401

Website

https://www.yorkwater.com

The York Water Co is an investor-owned water utility company in the United States. The primary business of the company is to impound, purify to meet or exceed safe drinking water standards and distribute water. It also owns and operates three wastewater collection systems and two wastewater treatment systems. The company operates within its franchised territory, which covers more than 54 municipalities within York County, Pennsylvania.

Executives

Steven R Rasmussen	director	130 EAST MARKET STREET, YORK PA 17401-1219
Alexandra C Chiaruttini	officer: CAO & General Counsel	130 EAST MARKET STREET, YORK PA 17401
Vernon L Bracey	officer: Vice President-Customer Svc	130 EAST MARKET STREET, YORK PA 17401-1219
Joseph Thomas Hand	officer: Chief Operating Officer	130 EAST MARKET STREET, YORK PA 17401-1219
Mark S Snyder	officer: Vice President-Engineering	130 EAST MARKET STREET, YORK PA 17401-1219
Natalee Colon	officer: VP-Human Resources	130 EAST MARKET STREET, YORK PA 17401
Matthew E Poff	officer: Chief Financial Officer	130 EAST MARKET STREET, YORK PA 17401-1219
Douglas S Brossman	director	130 E MARKET STREET, YORK PA 17401
Matthew J Scarpato	officer: VP- Operations	130 EAST MARKET STREET, YORK PA 17401
Laura T Wand	director	130 EAST MARKET STREET, YORK PA 17401
Mark A Wheeler	officer: Chief Administrative Officer	130 EAST MARKET STREET, YORK PA 17401
Kain George Hay Iii Esq	director	130 EAST MARKET STREET, YORK PA 17401-1219
Paul R Bonney	director	130 EAST MARKET STREET, YORK PA 17401
Cynthia Dotzel	director	105 LEADER HEIGHTS ROAD, YORK PA 17403
Jody L Keller	director	130 EAST MARKET STREET, YORK PA 17401-1219