Industrial Minerals (ASX:IND) Operating Income : A$-2.91 Mil (TTM As of Dec. 2024)

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What is Industrial Minerals Operating Income?

Industrial Minerals's Operating Income for the six months ended in Dec. 2024 was A$-1.95 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was A$-2.91 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Industrial Minerals's Operating Income for the six months ended in Dec. 2024 was A$-1.95 Mil. Industrial Minerals's Revenue for the six months ended in Dec. 2024 was A$0.00 Mil. Therefore, Industrial Minerals's Operating Margin % for the quarter that ended in Dec. 2024 was %.

Industrial Minerals'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. Industrial Minerals's annualized ROC % for the quarter that ended in Dec. 2024 was -135.51%. Industrial Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -138.16%.

Industrial Minerals Operating Income Historical Data

The historical data trend for Industrial Minerals'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.

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Industrial Minerals Operating Income Chart

Industrial Minerals Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Operating Income

-0.46

-1.24

-1.55

-1.68

Industrial Minerals Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Operating Income	Get a 7-Day Free Trial			-1.09	-0.46	-0.72	-0.96	-1.95

Industrial Minerals 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-2.91 Mil.

Industrial Minerals (ASX:IND) Operating Income Explanation

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

Industrial Minerals's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

	ROC % (Q: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Dec. 2024 ))	/ count )
=	-3.896 * ( 1 - 0% )	/	( (2.875	+	0)	/ 1 )
=	-3.896	/	2.875
=	-135.51 %

where

	Invested Capital		(Q: Jun. 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	))
=	3.292	-	0.385	-	( 0.359	-	max(0, 0.421	-	0.453	+	0.359	))
=	2.875

	Invested Capital		(Q: Dec. 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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

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

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

Industrial Minerals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Dec. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-3.896	/	( ( (2.82 + max(-0.35, 0))	+	(0 + max(0, 0)) )	/	1 )
=	-3.896	/	( ( 2.82	+	0 )	/	1 )
=	-3.896	/	2.82
=	-138.16 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.035)	-	(0.385	+	0	+	0)
=	-0.35

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

When net working capital is negative, 0 is used.

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

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

Industrial Minerals's Operating Margin % for the quarter that ended in Dec. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	-1.948	/	0
	=	%

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.

Industrial Minerals Operating Income Related Terms

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Industrial Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Industrial Minerals Ltd (ASX:IND) » Definitions » Operating Income

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Traded in Other Exchanges

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Address

460 Stirling Highway, Peppermint Grove, Unit 20, Perth, WA, AUS, 6011

Website

https://www.industmin.com

Industrial Minerals Ltd is a company engaged in exploring and developing industrial minerals. Its projects include the Stockyard High Purity Silica Sand (HPSS) Project: The project is targeting high purity silica sand across predominantly cleared private land with no native title implications and has an Indicated and Inferred Mineral. Albany HPSS Project: The Albany HPSS Project is located in southwestern Western Australia. Pippingarra Quarry Project: The Pippingarra Project is prospective for High Purity Quartz (HPQ) and lithium and is located near some of the hardest rock lithium mines. Mukinbudin Quartz-Feldspar Project: Mukinbudin consists of a microcline feldspar deposit within a simple, zoned, feldspar-muscovite-quartz pegmatite, similar to IND's Pippingarra Quarry Project.

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