Front Yard Residential (Front Yard Residential) Operating Income : $-5.1 Mil (TTM As of Sep. 2020)

View and export this data going back to 2012. Start your Free Trial

What is Front Yard Residential Operating Income?

Front Yard Residential's Operating Income for the three months ended in Sep. 2020 was $1.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2020 was $-5.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Front Yard Residential's Operating Income for the three months ended in Sep. 2020 was $1.3 Mil. Front Yard Residential's Revenue for the three months ended in Sep. 2020 was $56.9 Mil. Therefore, Front Yard Residential's Operating Margin % for the quarter that ended in Sep. 2020 was 2.21%.

Front Yard Residential'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. Front Yard Residential's annualized ROC % for the quarter that ended in Sep. 2020 was 0.27%. Front Yard Residential's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was %.

Front Yard Residential Operating Income Historical Data

The historical data trend for Front Yard Residential'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.

Front Yard Residential Operating Income Chart

Front Yard Residential Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Operating Income

Get a 7-Day Free Trial

5.92

-106.55

-82.78

-8.23

-15.33

Front Yard Residential Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Operating Income	Get a 7-Day Free Trial															-4.66	-3.51	-1.73	-1.14	1.26

Front Yard Residential 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.1 Mil.

Front Yard Residential (NYSE:RESI) Operating Income Explanation

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

Front Yard Residential's annualized ROC % for the quarter that ended in Sep. 2020 is calculated as:

	ROC % (Q: Sep. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2020 )	+	Invested Capital (Q: Sep. 2020 ))	/ count )
=	5.044 * ( 1 - 0% )	/	( (1898.268	+	1880.994)	/ 2 )
=	5.044	/	1889.631
=	0.27 %

where

	Invested Capital		(Q: Jun. 2020 )
=	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	))
=	2072.609	-	71.195	-	( 109.018	-	max(0, 71.195	-	174.341	+	109.018	))
=	1898.268

	Invested Capital		(Q: Sep. 2020 )
=	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	))
=	2040.803	-	108.091	-	( 84.418	-	max(0, 108.091	-	159.809	+	84.418	))
=	1880.994

Note: The Operating Income data used here is four times the quarterly (Sep. 2020) data.

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

Front Yard Residential's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2020		Q: Sep. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-183.196	/	( ( (0 + max(-5.872, 0))	+	(0 + max(-32.7, 0)) )	/	2 )
=	-183.196	/	( ( 0	+	0 )	/	2 )
=	-183.196	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.199	+	4.699	+	55.425)	-	(71.195	+	0	+	0)
=	-5.872

	Working Capital		(Q: Sep. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.525	+	5.454	+	64.412)	-	(108.091	+	0	+	0)
=	-32.7

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

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

Front Yard Residential's Operating Margin % for the quarter that ended in Sep. 2020 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	1.261	/	56.944
	=	2.21 %

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.

Front Yard Residential Operating Income Related Terms

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

Front Yard Residential (Front Yard Residential) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Front Yard Residential Corp (NYSE:RESI) » Definitions » Operating Income

Comparable Companies

APTS SNR UMH BRT BRG NXRT IRET IRT AVB EQR ESS INVH SUI MAA ELS UDR CPT AMH TSX:CAR.UN AIV

Traded in Other Exchanges

N/A

Address

c/o Altisource Asset Management Corporation, 5100 Tamarind Reef, Christiansted, VIR, 00820

Website

https://www.frontyardresidential.com

Front Yard Residential Corp is a real estate investment trust, which focuses on acquiring, owning and managing single-family rental properties throughout the United States. It acquires its single-family rental properties through the acquisition of sub-performing and non-performing loan portfolios. The company is managed by Altisource Asset Management Corporation, which has a management team with extensive industry experience in real estate, non-performing loan portfolios, and mortgage loan servicing. Geographically the firm has its property portfolio across the region of Alabama, Georgia, Hawaii, Louisiana, New Jersey, Pennsylvania, Texas, New York, Kentucky and in many other regions.

Executives

Agatecreek Llc	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Scott Edward Burg	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Deer Park Road Management Company, Lp	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Deer Park Road Management Gp, Llc	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Deer Park Road Corp	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Michael David Craig-scheckman	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
George G Ellison	director, officer: Chief Executive Officer	402 STRAND STREET, FREDERIKSTED VI 00840-3531
Leland Abrams	director	C/O FRONT YARD RESIDENTIAL CORPORATION 5100 TAMARIND REEF CHRISTIANSTED VI 00820
Lazar Nikolic	director	C/O FRONT YARD RESIDENTIAL CORPORATION 5100 TAMARIND REEF CHRISTIANSTED VI 00820
George Whitfield Mcdowell	director	C/O FRONT YARD RESIDENTIAL CORPORATION 5100 TAMARIND REEF CHRISTIANSTED VI 00820
Wade J. Henderson	director	C/O ALTISOURCE RESIDENTIAL CORPORATION 36C STRAND STREET CHRISTIANSTED VI 00820
Rochelle R. Dobbs	director	C/O ALTISOURCE RESIDENTIAL CORPORATION 36C STRAND STREET CHRISTIANSTED VI 00820
Michael Graham Lubin	officer: General Counsel and Secretary	C/O ALTISOURCE ASSET MANAGEMENT 36C STRAND STREET CHRISTIANSTED VI 00820
Michael A. Eruzione	director	402 STRAND STREET, C/O AAMC FREDERIKSTED, ST. CROIX VI 00840
Rene Dittrich	officer: Chief Accounting Officer	C/O ALTISOURCE ASSET MANAGEMENT, 36C STRAND STREET, CHRISTIANSTED VI 00820