BONTQ (The Bon-Ton Stores) Operating Income: $-1 Mil (TTM As of Oct. 2017)

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What is The Bon-Ton Stores Operating Income?

The Bon-Ton Stores BONTQ -99.00% Operating Income is $-1 Mil as of Oct. 2017.

The Bon-Ton Stores's Operating Income for the three months ended in Oct. 2017 was $-26 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Oct. 2017 was $-1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. The Bon-Ton Stores's Operating Income for the three months ended in Oct. 2017 was $-26 Mil. The Bon-Ton Stores's Revenue for the three months ended in Oct. 2017 was $545 Mil. Therefore, The Bon-Ton Stores's Operating Margin % for the quarter that ended in Oct. 2017 was -4.77%.

The Bon-Ton Stores'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. The Bon-Ton Stores's annualized ROC % for the quarter that ended in Oct. 2017 was -8.88%. The Bon-Ton Stores's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2017 was -10.93%.

The Bon-Ton Stores  (OTCPK:BONTQ) Operating Income Explanation

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

The Bon-Ton Stores's annualized ROC % for the quarter that ended in Oct. 2017 is calculated as:

ROC % (Q: Oct. 2017 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jul. 2017 ) + Invested Capital (Q: Oct. 2017 ))/ count )
=-103.988 * ( 1 - 0.24% )/( (1039.826 + 1297.468)/ 2 )
=-103.7384288/1168.647
=-8.88 %

where

Invested Capital(Q: Jul. 2017 )
=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))
=1386.748 - 340.587 - ( 6.335 - max(0, 347.573 - 747.354+6.335))
=1039.826

Invested Capital(Q: Oct. 2017 )
=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))
=1586.595 - 419.346 - ( 7.268 - max(0, 1091.064 - 960.845+7.268))
=1297.468

Note: The Operating Income data used here is four times the quarterly (Oct. 2017) data.

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

The Bon-Ton Stores's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2017 is calculated as:

ROC (Joel Greenblatt) %(Q: Oct. 2017 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2017  Q: Oct. 2017
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-104.272/( ( (547.279 + max(356.56, 0)) + (529.107 + max(474.82, 0)) )/ 2 )
=-104.272/( ( 903.839 + 1003.927 )/ 2 )
=-104.272/953.883
=-10.93 %

where Working Capital is:

Working Capital(Q: Jul. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 658.218 + 38.929) - (340.587 + 0 + 0)
=356.56

Working Capital(Q: Oct. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 851.662 + 42.504) - (419.346 + 0 + 2.2737367544323E-13)
=474.82

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Oct. 2017) EBIT data.

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

The Bon-Ton Stores's Operating Margin % for the quarter that ended in Oct. 2017 is calculated as:

Operating Margin %=Operating Income (Q: Oct. 2017 )/Revenue (Q: Oct. 2017 )
=-25.997/545.337
=-4.77 %

* 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.

The Bon-Ton Stores Operating Income Related Terms

The Bon-Ton Stores Operating Income Historical Data

* Premium members only.

The historical data trend for The Bon-Ton Stores'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.

The Bon-Ton Stores Operating Income Chart

The Bon-Ton Stores Annual Data
Trend Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 75.80 75.61 48.25 12.10 19.59

The Bon-Ton Stores Quarterly Data
Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17
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 -12.74 78.75 -38.79 -15.02 -26.00

The Bon-Ton Stores 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 Oct. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1 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 $-1 Mil mean?
The Bon-Ton Stores (BONTQ) has a Operating Income of $-1 Mil as of Oct. 2017. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on The Bon-Ton Stores and its competitors.
Is The Bon-Ton Stores' Operating Income too high?
The Bon-Ton Stores' current Operating Income is $-1 Mil.
How does The Bon-Ton Stores' Operating Income compare to DBHSF?
The Bon-Ton Stores' Operating Income of $-1 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Operating Income depends on the Retail - Cyclical 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 The Bon-Ton Stores and its competitors. The Bon-Ton Stores's current Operating Income is $-1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Bon-Ton Stores stock overvalued right now?
The Bon-Ton Stores (BONTQ) has a current Operating Income of $-1 Mil. The current Operating Income is $-1 Mil. 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 The Bon-Ton Stores (BONTQ), the current Operating Income is $-1 Mil as of Oct. 2017. 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.

The Bon-Ton Stores Business Description

Address 2801 East Market Street, York, PA, USA, 17402
The Bon-Ton Stores Inc operates is a department store operator in the United States. It offers a range of brand-name fashion apparel and accessories for women, men, and children, through stores in the United States. Its nationally distributed brand assortment includes a range of labels in the apparel, accessories, footwear, cosmetics and home furnishings industries, such as Anne Klein, Calvin Klein, Carters, Chaps, Clarks, Clinique, Coach, Estee Lauder and Others.