Uniroyal Global Engineered Products (Uniroyal Global Engineered Products) Operating Income : $-2.20 Mil (TTM As of Mar. 2022)

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What is Uniroyal Global Engineered Products Operating Income?

Uniroyal Global Engineered Products's Operating Income for the three months ended in Mar. 2022 was $-0.25 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2022 was $-2.20 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Uniroyal Global Engineered Products's Operating Income for the three months ended in Mar. 2022 was $-0.25 Mil. Uniroyal Global Engineered Products's Revenue for the three months ended in Mar. 2022 was $20.07 Mil. Therefore, Uniroyal Global Engineered Products's Operating Margin % for the quarter that ended in Mar. 2022 was -1.24%.

Uniroyal Global Engineered Products'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. Uniroyal Global Engineered Products's annualized ROC % for the quarter that ended in Mar. 2022 was -1.43%. Uniroyal Global Engineered Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was -2.41%.

Uniroyal Global Engineered Products Operating Income Historical Data

The historical data trend for Uniroyal Global Engineered Products'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.

Uniroyal Global Engineered Products Operating Income Chart

Uniroyal Global Engineered Products Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Operating Income

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4.55

3.15

2.64

-2.96

-1.52

Uniroyal Global Engineered Products Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Operating Income	Get a 7-Day Free Trial															0.43	-0.78	-0.59	-0.58	-0.25

Uniroyal Global Engineered Products 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 Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.20 Mil.

Uniroyal Global Engineered Products (OTCPK:UNIR) Operating Income Explanation

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

Uniroyal Global Engineered Products's annualized ROC % for the quarter that ended in Mar. 2022 is calculated as:

	ROC % (Q: Mar. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2021 )	+	Invested Capital (Q: Mar. 2022 ))	/ count )
=	-0.996 * ( 1 - 22.25% )	/	( (52.219	+	56.307)	/ 2 )
=	-0.77439	/	54.263
=	-1.43 %

where

	Invested Capital		(Q: Dec. 2021 )
=	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	))
=	64.456	-	12.618	-	( 0.445	-	max(0, 33.424	-	33.043	+	0.445	))
=	52.219

	Invested Capital		(Q: Mar. 2022 )
=	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	))
=	69.322	-	15.21	-	( 0.324	-	max(0, 40.893	-	38.698	+	0.324	))
=	56.307

Note: The Operating Income data used here is four times the quarterly (Mar. 2022) data.

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

Uniroyal Global Engineered Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2021		Q: Mar. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.052	/	( ( (22.674 + max(19.809, 0))	+	(21.805 + max(22.959, 0)) )	/	2 )
=	-1.052	/	( ( 42.483	+	44.764 )	/	2 )
=	-1.052	/	43.6235
=	-2.41 %

where Working Capital is:

	Working Capital		(Q: Dec. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(8.561	+	21.84	+	2.196)	-	(12.618	+	0	+	0.17)
=	19.809

	Working Capital		(Q: Mar. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.692	+	24.143	+	2.504)	-	(15.21	+	0	+	0.17)
=	22.959

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2022) EBIT data.

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

Uniroyal Global Engineered Products's Operating Margin % for the quarter that ended in Mar. 2022 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2022 )	/	Revenue (Q: Mar. 2022 )
	=	-0.249	/	20.071
	=	-1.24 %

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.

Uniroyal Global Engineered Products Operating Income Related Terms

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

Uniroyal Global Engineered Products (Uniroyal Global Engineered Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Uniroyal Global Engineered Products Inc (OTCPK:UNIR) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

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Address

1800 2nd Street, Suite 970, Sarasota, FL, USA, 34236

Website

https://www.uniroyalglobal.com

Uniroyal Global Engineered Products Inc manufactures vinyl coated fabric products from casting paper, knit fabric, PVC plastic resins, pigments and plasticizers. Its brand name includes Naugahyde, BeautyGard, Flameblocker, Spirit Millennium, Ambla, Amblon, Velbex, Plastolene, and Vynide. The company's products are used in automotive and non-automotive transportation, certain indoor/outdoor furniture, commercial and hospitality seating, healthcare facilities and athletic equipment for seating, door panels, head and arm rests, security shades and trim components, and sheeting used in medical, nuclear protection, personal protection, moisture barriers, pram and nursery, movie screen and decorative surface applications. Geographically, it derives a majority of revenue from North America.

Executives

Howard R Curd	director, 10 percent owner, officer: Chief Executive Officer
George Louis Sanchez	officer: Executive Vice President - sub	5414 WHITE BLAZE TERRACE, PARRISH FL 34219
Oliver James Janney	officer: Secretary and General Counsel	1800 2ND ST., SUITE 970, SARASOTA FL 34236
Howard F Curd	other: officer of subsidiary
John E Scates	director	3121 FAIRGATE DRIVE, CARROLLTON TX 75007
Gregory J Newell	director	326 W. SHORELINE COURT, VINEYARD UT 84058
Elizabeth A Henson	officer: VP OF OPERATIONS	5100 HIDDEN SPRINGS AVENUE, SARASOTA FL 34234
Edmund King	director, officer: CEO, CFO & PRESIDENT	258 VINEYARD LANE, MESQUITE NV 89027
Centurian Investors, Inc.	10 percent owner	1800 2ND STREET, SUITE 970, SARASOTA FL 34236
David J Benedetti	officer: CFO, Secretary, Treasurer	4400 INDEPENDENCE COURT, SARASOTA FL 34234
Joseph Movizzo	director	4400 INDEPENDENCE COURT, SARASOTA FL 34234
Herbert M Lustig	director, officer: CEO and President	6935 15TH STREET EAST, SUITE 120, SARASOTA FL 34243
Carl A Parks	officer: VICE PRESIDENT	11122 3RD AVENUE, BRADENTON FL 34212
Charles Yanak	officer: VICE PRESIDENT	1001 DOANS WAY, BLUE BELL PA 19422
Duffey Elizabeth Rosemary Irrevocable Tr U/a/d/ July 29 1998	10 percent owner	4400 INDEPENDENCE COURT, SARASOTA FL 34234