Premier Exhibitions (Premier Exhibitions) Operating Income : $-9.46 Mil (TTM As of Aug. 2015)

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What is Premier Exhibitions Operating Income?

Premier Exhibitions's Operating Income for the three months ended in Aug. 2015 was $-3.05 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Aug. 2015 was $-9.46 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Premier Exhibitions's Operating Income for the three months ended in Aug. 2015 was $-3.05 Mil. Premier Exhibitions's Revenue for the three months ended in Aug. 2015 was $6.74 Mil. Therefore, Premier Exhibitions's Operating Margin % for the quarter that ended in Aug. 2015 was -45.24%.

Premier Exhibitions'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. Premier Exhibitions's annualized ROC % for the quarter that ended in Aug. 2015 was -27.29%. Premier Exhibitions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2015 was -57.41%.

Premier Exhibitions Operating Income Historical Data

The historical data trend for Premier Exhibitions'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.

Premier Exhibitions Operating Income Chart

Premier Exhibitions Annual Data

Trend

Feb06

Feb07

Feb08

Feb09

Feb10

Feb11

Feb12

Feb13

Feb14

Feb15

Operating Income

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-12.98

-3.50

2.56

-7.46

Premier Exhibitions Quarterly Data
	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15
Operating Income	Get a 7-Day Free Trial															-1.86	-2.07	-2.17	-2.16	-3.05

Premier Exhibitions 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 Aug. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.46 Mil.

Premier Exhibitions (OTCPK:PRXIQ) Operating Income Explanation

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

Premier Exhibitions's annualized ROC % for the quarter that ended in Aug. 2015 is calculated as:

	ROC % (Q: Aug. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: May. 2015 )	+	Invested Capital (Q: Aug. 2015 ))	/ count )
=	-12.196 * ( 1 - 0% )	/	( (44.661	+	44.714)	/ 2 )
=	-12.196	/	44.6875
=	-27.29 %

where

	Invested Capital		(Q: May. 2015 )
=	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	))
=	38.419	-	6.419	-	( 1.589	-	max(0, 20.783	-	8.122	+	1.589	))
=	44.661

	Invested Capital		(Q: Aug. 2015 )
=	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	))
=	35.899	-	6.082	-	( 1.606	-	max(0, 21.914	-	7.017	+	1.606	))
=	44.714

Note: The Operating Income data used here is four times the quarterly (Aug. 2015) data.

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

Premier Exhibitions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Aug. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: May. 2015		Q: Aug. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-12.064	/	( ( (20.93 + max(-2.534, 0))	+	(21.096 + max(-2.754, 0)) )	/	2 )
=	-12.064	/	( ( 20.93	+	21.096 )	/	2 )
=	-12.064	/	21.013
=	-57.41 %

where Working Capital is:

	Working Capital		(Q: May. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.669	+	1.101	+	3.714)	-	(6.419	+	2.599	+	0)
=	-2.534

	Working Capital		(Q: Aug. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.886	+	0.997	+	3.519)	-	(6.082	+	2.074	+	0)
=	-2.754

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Aug. 2015) EBIT data.

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

Premier Exhibitions's Operating Margin % for the quarter that ended in Aug. 2015 is calculated as:

Operating Margin %	=	Operating Income (Q: Aug. 2015 )	/	Revenue (Q: Aug. 2015 )
	=	-3.049	/	6.739
	=	-45.24 %

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.

Premier Exhibitions Operating Income Related Terms

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Premier Exhibitions (Premier Exhibitions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Premier Exhibitions Inc (OTCPK:PRXIQ) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

3045 Kingston Court, Suite I, Peachtree Corners, GA, USA, 30071

Website

http://www.prxi.com

Premier Exhibitions Inc is engaged in providing leisure services. It develops and sets up tourism-related exhibitions for the purpose of education and entertainment. The company's exhibitions present opportunities to experience compelling stories using authentic objects and artifacts in diverse environments. Its exhibitions are presented in museums, exhibition centers, and other entertainment venues. The company's services include content development, exhibit design, brand development, space planning and detailed fabrication drawings. It also offers merchandising services.

Executives

Alta Fundamental Advisers Llc	10 percent owner	1500 BROADWAY, SUITE 704, NEW YORK NY 10036
Sellers Capital Llc	other: See Remarks	311 S WACKER DR STE 925 CHICAGO IL 60606
Sellers Capital Master Fund, Ltd.	other: See Remarks	C/O M&C CORPORATE SERVICES, UGLAND HOUSE S. CHURCH ST, PO BOX 309 GT GEORGE TOWN, GRAND CAYMAN E9 CAYMAN
Mark A Sellers	other: See Remarks	SELLERS CAPITAL 161 N CLARK ST STE 4700 CHICAGO IL 60601
Mingcheng Tao	director	3340 PEACHTREE ROAD NE, SUITE 900, ATLANTA GA 30326
Jack H Jacobs	director	101 OAKS ROAD, MILLINGTON NJ 07946
Richard Kraniak	director
Mark Mcgowan	director	C/O COMBIMATRIX CORPORATION, 6500 HARBOUR HEIGHTS PARKWAY, SUITE 303, MUKILTEO WA 98275
Bruce David Eskowitz	director, officer: President and CEO	202 N. CRESCENT DRIVE #1, BEVERLY HILLS CA 96210
Joseph B Marsh	10 percent owner	605 SURFSIDE DRIVE AKRON OH 44317