Brookmount Explorations (Brookmount Explorations) Operating Income : $-0.37 Mil (TTM As of Nov. 2009)

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What is Brookmount Explorations Operating Income?

Brookmount Explorations's Operating Income for the six months ended in Nov. 2009 was $-0.37 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Nov. 2009 was $-0.37 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Brookmount Explorations's Operating Income for the six months ended in Nov. 2009 was $-0.37 Mil. Brookmount Explorations's Revenue for the six months ended in Nov. 2009 was $0.00 Mil. Therefore, Brookmount Explorations's Operating Margin % for the quarter that ended in Nov. 2009 was %.

Brookmount Explorations'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. Brookmount Explorations's annualized ROC % for the quarter that ended in Nov. 2009 was %. Brookmount Explorations's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2009 was %.

Brookmount Explorations Operating Income Historical Data

The historical data trend for Brookmount Explorations'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.

Brookmount Explorations Operating Income Chart

Brookmount Explorations Annual Data

Trend

Nov03

Nov04

Nov05

Nov06

Nov07

Nov08

Nov09

Operating Income

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-2.15

-1.40

-0.47

-0.45

-0.37

Brookmount Explorations Semi-Annual Data
	Nov03	Nov04	Nov05	Nov06	Nov07	Nov08	Nov09
Operating Income	Get a 7-Day Free Trial			-2.15	-1.40	-0.47	-0.45	-0.37

Brookmount Explorations 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Operating Income for the trailing twelve months (TTM) ended in Nov. 2009 was $-0.37 Mil.

Brookmount Explorations (OTCPK:BMXI) Operating Income Explanation

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

Brookmount Explorations's annualized ROC % for the quarter that ended in Nov. 2009 is calculated as:

	ROC % (Q: Nov. 2009 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Nov. 2008 )	+	Invested Capital (Q: Nov. 2009 ))	/ count )
=	-0.37 * ( 1 - % )	/	( (0	+	0)	/ 2 )
=	-0.37	/	0
=	%

where

	Invested Capital		(Q: Nov. 2008 )
=	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	))
=	0.011	-	0.604	-	( 0.011	-	max(0, 0.604	-	0.011	+	0.011	))
=	0

	Invested Capital		(Q: Nov. 2009 )
=	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	))
=	0.022	-	0.785	-	( 0.022	-	max(0, 0.785	-	0.022	+	0.022	))
=	0

Note: The Operating Income data used here is one times the annual (Nov. 2009) data.

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

Brookmount Explorations's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2009 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Nov. 2009 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Nov. 2008		Q: Nov. 2009
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.37	/	( ( (0 + max(-0.604, 0))	+	(0 + max(-0.785, 0)) )	/	2 )
=	-0.37	/	( ( 0	+	0 )	/	2 )
=	-0.37	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Nov. 2008 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.604	+	0	+	0)
=	-0.604

	Working Capital		(Q: Nov. 2009 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.785	+	0	+	0)
=	-0.785

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Nov. 2009) EBIT data.

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

Brookmount Explorations's Operating Margin % for the quarter that ended in Nov. 2009 is calculated as:

Operating Margin %	=	Operating Income (Q: Nov. 2009 )	/	Revenue (Q: Nov. 2009 )
	=	-0.37	/	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.

Brookmount Explorations Operating Income Related Terms

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

Brookmount Explorations (Brookmount Explorations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Brookmount Explorations (OTCPK:BMXI) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 East Liberty, Suite 600, Reno, NV, USA, 89501

Website

https://www.brookmountgold.com

Brookmount Explorations is a United States based operator of producing gold properties in the Republic of Indonesia. It operates two gold producing properties in volcanic hosted sediment within the tropical rain forest region of Sulawesi Province in north east Indonesia.

Executives

Vic Stilwell	director	16 DOUGLAS WOODS PARK S.E., CALGARY A0 T2Z 2K6
David Dadon	director, 10 percent owner, officer: Chairman & Secretary	717 JERVIS STREET SUITE 2402, VANCOUVER A1 V6E 4N5