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ATIP (ATI Physical Therapy) Operating Income : $3.8 Mil (TTM As of Dec. 2024)


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What is ATI Physical Therapy Operating Income?

ATI Physical Therapy's Operating Income for the three months ended in Dec. 2024 was $-0.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was $3.8 Mil.

Warning Sign:

ATI Physical Therapy Inc had lost money in 75% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. ATI Physical Therapy's Operating Income for the three months ended in Dec. 2024 was $-0.1 Mil. ATI Physical Therapy's Revenue for the three months ended in Dec. 2024 was $193.5 Mil. Therefore, ATI Physical Therapy's Operating Margin % for the quarter that ended in Dec. 2024 was -0.04%.

ATI Physical Therapy'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. ATI Physical Therapy's annualized ROC % for the quarter that ended in Dec. 2024 was -0.06%. ATI Physical Therapy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 15.36%.


ATI Physical Therapy Operating Income Historical Data

The historical data trend for ATI Physical Therapy'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.

ATI Physical Therapy Operating Income Chart

ATI Physical Therapy Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial -0.91 -17.74 -53.47 -21.93 3.75

ATI Physical Therapy Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 2.57 -4.30 6.89 1.24 -0.08

ATI Physical Therapy 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 quarterly data reported by the company within the most recent 12 months, which was $3.8 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.


ATI Physical Therapy  (OTCPK:ATIP) Operating Income Explanation

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

ATI Physical Therapy'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: Sep. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=-0.312 * ( 1 - -51.71% )/( (857.412 + 849.908)/ 2 )
=-0.4733352/853.66
=-0.06 %

where

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

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

ATI Physical Therapy'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: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=43.94/( ( (266.57 + max(19.534, 0)) + (259.776 + max(26.213, 0)) )/ 2 )
=43.94/( ( 286.104 + 285.989 )/ 2 )
=43.94/286.0465
=15.36 %

where Working Capital is:

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(99.97 + 0 + 12.774) - (93.21 + 0 + 2.8421709430404E-14)
=19.534

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(101.967 + 0 + 15.742) - (91.496 + 0 + 0)
=26.213

When net working capital is negative, 0 is used.

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

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

ATI Physical Therapy'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 )
=-0.078/193.493
=-0.04 %

* 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.


ATI Physical Therapy Operating Income Related Terms

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ATI Physical Therapy Business Description

Traded in Other Exchanges
N/A
Address
2001 Butterfield Road, Suite 1600, Downers Grove, IL, USA, 60515
ATI Physical Therapy Inc is a nationally recognized outpatient physical therapy provider in the United States specializing in outpatient rehabilitation and adjacent healthcare services, with approximately 866 clinics located in 24 states. It offers a variety of services within our clinics, including physical therapy to treat spine, shoulder, knee and neck injuries or pain; work injury rehabilitation services, such as work conditioning and work hardening; hand therapy; and other specialized treatment services.
Executives
Advent International Gp, Llc 10 percent owner 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Omi Partnership Holdings Ltd. 10 percent owner C/O ONEX CORPORATION, 161 BAY STREET P.O. BOX 700, TORONTO A6 M5J 2S1
Marathon Asset Management Lp 10 percent owner ONE BRYANT PARK, 38TH FLOOR, NEW YORK NY 10036
Knighthead Master Fund Lp 10 percent owner MOURANT OZANNES CORP. SVCS. CAYMAN LTD, 94 SOLARIS AVENUE, CAMANA BAY, GRAND CAYMAN E9 KY1-1108
Marathon Stepstone Master Fund Lp 10 percent owner C/O MARATHON ASSET MANAGEMENT, L.P., ONE BRYANT PARK, 38TH FLOOR, NEW YORK NY 10036
Marathon Distressed Credit Master Fund 10 percent owner C/O MARATHON ASSET MANAGEMENT, L.P., ONE BRYANT PARK, 38TH FLOOR, NEW YORK NY 10036
Louis Hanover 10 percent owner C/O MARATHON ASSET MANAGEMENT, L.P., ONE BRYANT PARK, 38TH FLOOR, NEW YORK NY 10036
Randy Raisman director 790 REMINGTON BOULEVARD, BOLINGBROOK, IL 60440
Onex Capital Solutions Gp, Llc 10 percent owner C/O ONEX CREDIT MANAGEMENT LLC, 930 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Onex Capital Solutions Gp, Lp 10 percent owner C/O ONEX CREDIT MANAGEMENT LLC, 930 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Onex Capital Solutions Holdings, Lp 10 percent owner C/O ONEX CREDIT MANAGEMENT LLC, 930 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Khsu Spv Lp Llc 10 percent owner 280 PARK AVENUE, 22ND FLOOR, NEW YORK NY 10017
Kh Ankle Llc 10 percent owner 280 PARK AVENUE, 22ND FLOOR, NEW YORK NY 10017
Knighthead Annuity & Life Assurance Co 10 percent owner 280 PARK AVENUE, 22ND FLOOR, NEW YORK NY 10017
Knighthead (ny) Fund, Lp 10 percent owner 280 PARK AVENUE, 22ND FLOOR, NEW YORK NY 10017