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Academy Sports and Outdoors (Academy Sports and Outdoors) Operating Income : $654 Mil (TTM As of Apr. 2024)


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What is Academy Sports and Outdoors Operating Income?

Academy Sports and Outdoors's Operating Income for the three months ended in Apr. 2024 was $102 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2024 was $654 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Academy Sports and Outdoors's Operating Income for the three months ended in Apr. 2024 was $102 Mil. Academy Sports and Outdoors's Revenue for the three months ended in Apr. 2024 was $1,364 Mil. Therefore, Academy Sports and Outdoors's Operating Margin % for the quarter that ended in Apr. 2024 was 7.50%.

Good Sign:

Academy Sports and Outdoors Inc operating margin is expanding. Margin expansion is usually a good sign.

Academy Sports and Outdoors's 5-Year average Growth Rate for Operating Margin % was 38.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Academy Sports and Outdoors's annualized ROC % for the quarter that ended in Apr. 2024 was 8.78%. Academy Sports and Outdoors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2024 was 20.86%.


Academy Sports and Outdoors Operating Income Historical Data

The historical data trend for Academy Sports and Outdoors'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.

Academy Sports and Outdoors Operating Income Chart

Academy Sports and Outdoors Annual Data
Trend Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Operating Income
Get a 7-Day Free Trial 179.42 420.40 907.95 846.55 677.86

Academy Sports and Outdoors Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 126.20 210.96 136.73 203.97 102.38

Academy Sports and Outdoors 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 Apr. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $654 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.


Academy Sports and Outdoors  (NAS:ASO) Operating Income Explanation

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

Academy Sports and Outdoors's annualized ROC % for the quarter that ended in Apr. 2024 is calculated as:

ROC % (Q: Apr. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2024 ) + Invested Capital (Q: Apr. 2024 ))/ count )
=409.532 * ( 1 - 21.7% )/( (3694.633 + 3611.841)/ 2 )
=320.663556/3653.237
=8.78 %

where

Invested Capital(Q: Jan. 2024 )
=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))
=4676.713 - 634.16 - ( 347.92 - max(0, 879.858 - 1644.9+347.92))
=3694.633

Invested Capital(Q: Apr. 2024 )
=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))
=4873.879 - 883.893 - ( 378.145 - max(0, 1122.076 - 1816.976+378.145))
=3611.841

Note: The Operating Income data used here is four times the quarterly (Apr. 2024) data.

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

Academy Sports and Outdoors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2024  Q: Apr. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=428.552/( ( (1556.446 + max(537.971, 0)) + (1572.816 + max(441.22, 0)) )/ 2 )
=428.552/( ( 2094.417 + 2014.036 )/ 2 )
=428.552/2054.2265
=20.86 %

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)
=(19.371 + 1194.159 + 83.45) - (634.16 + 96.688 + 28.161)
=537.971

Working Capital(Q: Apr. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.7 + 1356.811 + 68.32) - (883.893 + 84.725 + 28.993)
=441.22

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Apr. 2024) EBIT data.

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

Academy Sports and Outdoors's Operating Margin % for the quarter that ended in Apr. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Apr. 2024 )/Revenue (Q: Apr. 2024 )
=102.383/1364.22
=7.50 %

* 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.


Academy Sports and Outdoors Operating Income Related Terms

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Academy Sports and Outdoors (Academy Sports and Outdoors) Business Description

Traded in Other Exchanges
N/A
Address
1800 North Mason Road, Katy, TX, USA, 77449
Academy Sports and Outdoors Inc is engaged in the retail business of sporting goods and outdoor recreation products. The company offers outdoor clothing, backpacks, sunglasses, luggage items, shooting equipment, fishing equipment, boating and water sports equipment, backyard recreation products, outdoor cooking equipment, fitness equipment, electronic items, dog supplies, and other products.
Executives
Jeffrey C. Tweedy director C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 NORTH MASON ROAD, KATY TX 77449
Samuel J Johnson officer: EVP, Retail Operations 4151 E 96TH STREET, INDIANAPOLIS IN 46240
Heather A. Davis officer: VP, Controller C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 NORTH MASON ROAD, KATY TX 77449
Ford Earl Carlton Iv officer: EVP & CFO C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 N MASON ROAD, KATY TX 77449
Matthew M. Mccabe officer: EVP & CMO C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 N MASON ROAD, KATY TX 77449
Michael P. Mullican officer: EVP & CFO C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 NORTH MASON ROAD, KATY TX 77449
Sherry L. Harriman officer: SVP, Logistics & Supply Chain C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 N MASON ROAD, KATY TX 77449
Manish Maini officer: SVP, Chief Information Officer C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 NORTH MASON ROAD, KATY TX 77449
Jamey Traywick Rutherford officer: SVP, Omnichannel C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 NORTH MASON ROAD, KATY TX 77449
William S. Ennis officer: See Remarks C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 NORTH MASON ROAD, KATY TX 77449
Rene G. Casares officer: SVP, General Counsel C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 NORTH MASON ROAD, KATY TX 77449
Theresa Palermo director 1800 N MASON RD, KATY TX 77449
Beryl Raff director 5555 DARROW RD, HUDSON OH 44236
Ken C Hicks director, officer: Chairman, President and CEO 150 N. ORANGE GROVE BLVD, PASADENA CA 91103
Brian T Marley director