ABVEF (Above Food Ingredients) Operating Income: $-40.6 Mil (TTM As of Jul. 2024)

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ABVEF Above Food Ingredients Inc ABVEF
16 GF Score
Price $0.09
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What is Above Food Ingredients Operating Income?

Above Food Ingredients ABVEF -0.06% 16 Operating Income is $-40.6 Mil as of Jul. 2024. GuruFocus rates ABVEF with a GF Score™ of 16/100.

Above Food Ingredients's Operating Income for the six months ended in Jul. 2024 was $-17.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jul. 2024 was $-40.6 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Above Food Ingredients's Operating Income for the six months ended in Jul. 2024 was $-17.8 Mil. Above Food Ingredients's Revenue for the six months ended in Jul. 2024 was $65.7 Mil. Therefore, Above Food Ingredients's Operating Margin % for the quarter that ended in Jul. 2024 was -27.15%.

Above Food Ingredients'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. Above Food Ingredients's annualized ROC % for the quarter that ended in Jul. 2024 was -27.18%. Above Food Ingredients's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was -99.00%.


Above Food Ingredients  (OTCPK:ABVEF) Operating Income Explanation

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

Above Food Ingredients's annualized ROC % for the quarter that ended in Jul. 2024 is calculated as:

ROC % (Q: Jul. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2024 ) + Invested Capital (Q: Jul. 2024 ))/ count )
=-35.656 * ( 1 - 0% )/( (126.785 + 135.558)/ 2 )
=-35.656/131.1715
=-27.18 %

where

Note: The Operating Income data used here is two times the semi-annual (Jul. 2024) data.

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

Above Food Ingredients's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jul. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2024  Q: Jul. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-47.192/( ( (48.832 + max(-4.157, 0)) + (46.505 + max(-40.528, 0)) )/ 2 )
=-47.192/( ( 48.832 + 46.505 )/ 2 )
=-47.192/47.6685
=-99.00 %

where Working Capital is:

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17.901 + 19.376 + 12.498) - (44.043 + 6.464 + 3.425)
=-4.157

Working Capital(Q: Jul. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.185 + 6.445 + 12.566) - (39.526 + 8.758 + 19.44)
=-40.528

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jul. 2024) EBIT data.

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

Above Food Ingredients's Operating Margin % for the quarter that ended in Jul. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Jul. 2024 )/Revenue (Q: Jul. 2024 )
=-17.828/65.672
=-27.15 %

* 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.


Above Food Ingredients Operating Income Related Terms


Above Food Ingredients Operating Income Historical Data

* Premium members only.

The historical data trend for Above Food Ingredients'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.

Above Food Ingredients Operating Income Chart

Above Food Ingredients Annual Data
Trend Jan22 Jan23 Jan24
Operating Income
-3.06 -23.63 -29.43

Above Food Ingredients Semi-Annual Data
Jan22 Jan23 Jul23 Jan24 Jul24
Operating Income 0.00 0.00 -6.72 -22.81 -17.83
ABVEF
16GF Score
Above Food Ingredients Inc ABVEF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Above Food Ingredients 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 Jul. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-40.6 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $-40.6 Mil mean?
Above Food Ingredients (ABVEF) has a Operating Income of $-40.6 Mil as of Jul. 2024. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Above Food Ingredients and its competitors.
Is Above Food Ingredients' Operating Income too high?
Above Food Ingredients' current Operating Income is $-40.6 Mil. Overall, Above Food Ingredients has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Above Food Ingredients' Operating Income compare to CTGL and NATR?
Above Food Ingredients' Operating Income of $-40.6 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Above Food Ingredients and its competitors. Above Food Ingredients's current Operating Income is $-40.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Above Food Ingredients stock overvalued right now?
Above Food Ingredients (ABVEF) has a current Operating Income of $-40.6 Mil. The current Operating Income is $-40.6 Mil. Above Food Ingredients' overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Above Food Ingredients (ABVEF), the current Operating Income is $-40.6 Mil as of Jul. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Above Food Ingredients Business Description

Address 2305 Victoria Avenue, Saskatchewan, Regina, SK, CAN, S4P0S7
Above Food Ingredients Inc is a differentiated, regenerative ingredient company. Its products are made with real nutritious, flavorful ingredients and delivered with transparency. Its vision is to create a healthier world one seed, one field, and one bite at a time. With a robust chain of custody of plant proteins, enabled by scaled operations and infrastructure in primary agriculture and processing, and proprietary seed development capabilities that leverage the power of artificial intelligence driven genomics. The company delivers nutritious foods to businesses and consumers with traceability and sustainability. Above Food's consumer products and brands are available in grocers across Canada and the United States.
16GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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