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Mammoth Energy Services (Mammoth Energy Services) Operating Income : $-21.0 Mil (TTM As of Dec. 2023)


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What is Mammoth Energy Services Operating Income?

Mammoth Energy Services's Operating Income for the three months ended in Dec. 2023 was $-9.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-21.0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Mammoth Energy Services's Operating Income for the three months ended in Dec. 2023 was $-9.6 Mil. Mammoth Energy Services's Revenue for the three months ended in Dec. 2023 was $52.8 Mil. Therefore, Mammoth Energy Services's Operating Margin % for the quarter that ended in Dec. 2023 was -18.14%.

Mammoth Energy Services'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. Mammoth Energy Services's annualized ROC % for the quarter that ended in Dec. 2023 was -15.07%. Mammoth Energy Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.61%.


Mammoth Energy Services Operating Income Historical Data

The historical data trend for Mammoth Energy Services'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.

Mammoth Energy Services Operating Income Chart

Mammoth Energy Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -87.36 -81.45 -126.09 -20.33 -20.92

Mammoth Energy Services 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 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 -0.74 5.99 -7.87 -9.50 -9.58

Mammoth Energy Services 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 $-21.0 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.


Mammoth Energy Services  (NAS:TUSK) Operating Income Explanation

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

Mammoth Energy Services'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 )
=-38.3 * ( 1 - -123.49% )/( (565.948 + 570.177)/ 2 )
=-85.59667/568.0625
=-15.07 %

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))
=685.976 - 109.501 - ( 10.527 - max(0, 132.399 - 482.254+10.527))
=565.948

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))
=698.479 - 111.746 - ( 16.556 - max(0, 182.553 - 496.925+16.556))
=570.177

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

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

Mammoth Energy Services'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 )
=16.584/( ( (130.298 + max(353.913, 0)) + (123.456 + max(309.996, 0)) )/ 2 )
=16.584/( ( 484.211 + 433.452 )/ 2 )
=16.584/458.8315
=3.61 %

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)
=(455.349 + 11.779 + 4.333) - (109.501 + 0.75 + 7.297)
=353.913

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(447.155 + 12.653 + 20.514) - (111.746 + 0.663 + 57.917)
=309.996

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 %:

Mammoth Energy Services'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 )
=-9.575/52.782
=-18.14 %

* 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.


Mammoth Energy Services Operating Income Related Terms

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Mammoth Energy Services (Mammoth Energy Services) Business Description

Traded in Other Exchanges
N/A
Address
14201 Caliber Drive, Suite 300, Oklahoma City, OK, USA, 73134
Mammoth Energy Services Inc is an integrated, growth-oriented energy services company engaged in providing products and services to enable the exploration and development of North American onshore unconventional oil and natural gas reserves as well as the construction and repair of the electric grid for private utilities, public investor-owned utilities, and co-operative utilities through infrastructure services businesses. Its suite of services includes well-completion services, infrastructure services, natural sand proppant services, drilling services, and other services. The majority of revenues are earned from the well-completion services and geographically from the United States followed by Canada and other countries.
Executives
Arty Straehla director, officer: Chief Executive Officer 1380 ROUTE 286 EAST, SUITE 121, INDIANA PA 15701
Arthur L Smith director 7308 SHADYVILLA LANE, HOUSTON TX 77055
Wexford Capital Lp director, 10 percent owner 777 WEST PUTNAM AVENUE, 1ST FLOOR, GREENWICH CT 06830
Mark E. Layton officer: Chief Financial Officer 4727 GAILLARDIA PARKWAY, SUITE 200, OKLAHOMA CITY OK 73142
Gpor Distribution Trust 10 percent owner 909 FANNIN ST, SUITE 4000, HOUSTON TX 77010
Booker Corey J. director MAMMOTH ENERGY SERVICES, INC., 14201 CALIBER DRIVE, SUITE 300, OKLAHOMA CITY OK 73134
Paul M. Jacobi director C/O WEXFORD CAPITAL LP, 777 WEST PUTNAM AVENUE, FIRST FLOOR, GREENWICH CT 06830
Matthew Ross director 4727 GAILLARDIA PARKWAY, SUITE 200, OKLAHOMA CITY OK 75201
Jonathan H Yellen director COMMONWEALTH HALL AT OLD PARKLAND, 3899 MAPLE AVENUE, SUITE 410, DALLAS TX 75219
Wexford Catalyst Trading Ltd director, 10 percent owner 411 WEST PUTNAM AVENUE, SUITE 125, GREENWICH CT 06830
Wexford Spectrum Trading Ltd director, 10 percent owner 411 WEST PUTNAM AVENUE, SUITE 125, GREENWICH CT 06830
Arthur H Amron director C/O WEXFORD CAPITAL LP, 777 WEST PUTNAM AVENUE, FIRST FLOOR, GREENWICH CT 06830
Gulfport Energy Corp director, 10 percent owner 14313 NORTH MAY AVENUE, SUITE 100, OKLAHOMA CITY OK 73134
Meh Sub Llc director, 10 percent owner C/O WEXFORD CAPITAL LP, 411 WEST PUTNAM AVE, SUITE 125, GREENWICH CT 06830
Rusty Neal Laforge officer: VP, Gen. Couns., Asst. Sec. 3324 QUAIL CREEK ROAD, OKLAHOMA CITY OK 73120