BQE Water (TSXV:BQE) Operating Income : C$16.01 Mil (TTM As of Sep. 2023)

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What is BQE Water Operating Income?

BQE Water's Operating Income for the three months ended in Sep. 2023 was C$1.90 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was C$16.01 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. BQE Water's Operating Income for the three months ended in Sep. 2023 was C$1.90 Mil. BQE Water's Revenue for the three months ended in Sep. 2023 was C$6.25 Mil. Therefore, BQE Water's Operating Margin % for the quarter that ended in Sep. 2023 was 30.44%.

BQE Water'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. BQE Water's annualized ROC % for the quarter that ended in Sep. 2023 was 68.41%. BQE Water's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 252.33%.

BQE Water Operating Income Historical Data

The historical data trend for BQE Water'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.

BQE Water Operating Income Chart

BQE Water Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Operating Income

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-0.52

-0.13

0.14

7.79

14.10

BQE Water Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Operating Income	Get a 7-Day Free Trial															0.50	14.09	-0.56	0.58	1.90

BQE Water 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$16.01 Mil.

BQE Water (TSXV:BQE) Operating Income Explanation

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

BQE Water's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	7.604 * ( 1 - 6.17% )	/	( (10.26	+	10.598)	/ 2 )
=	7.1348332	/	10.429
=	68.41 %

where

	Invested Capital		(Q: Jun. 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	))
=	16.057	-	1.065	-	( 4.732	-	max(0, 1.998	-	8.84	+	4.732	))
=	10.26

	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	))
=	18.882	-	1.758	-	( 6.526	-	max(0, 2.662	-	12.684	+	6.526	))
=	10.598

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

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

BQE Water's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	9.104	/	( ( (1.482 + max(1.617, 0))	+	(1.428 + max(2.689, 0)) )	/	2 )
=	9.104	/	( ( 3.099	+	4.117 )	/	2 )
=	9.104	/	3.608
=	252.33 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.947	+	0	+	0.433)	-	(1.065	+	0.699	+	-0.00099999999999967)
=	1.617

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.494	+	0	+	0.639)	-	(1.758	+	0.685	+	0.00099999999999989)
=	2.689

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

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

BQE Water's Operating Margin % for the quarter that ended in Sep. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1.901	/	6.246
	=	30.44 %

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.

BQE Water Operating Income Related Terms

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

BQE Water (TSXV:BQE) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » BQE Water Inc (TSXV:BQE) » Definitions » Operating Income

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BTQNF:USA UL5A:Germany

Address

900 Howe Street, Suite 250, Vancouver, BC, CAN, V6Z 2M4

Website

https://www.bqewater.com

BQE Water Inc is a service provider specializing in water treatment and management for metals mining, smelting and refining. It is helping to transform the way the industry thinks about water in the context of natural resource projects by offering services and expertise which enable more sustainable water management practices and improved overall project performance at reduced risks. BQE Water invests in innovation and has developed intellectual property through the commercialization of several new technologies at mine sites around the world for organizations including Glencore, Jiangxi Copper, Freeport-McMoRan and the US EPA. It has one operating segment, principally being an integrated water management services and treatment solutions provider.

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