Blue Water Ventures International (Blue Water Ventures International) Operating Income : $-0.12 Mil (TTM As of Mar. 2012)

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What is Blue Water Ventures International Operating Income?

Blue Water Ventures International's Operating Income for the three months ended in Mar. 2012 was $0.10 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2012 was $-0.12 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Blue Water Ventures International's Operating Income for the three months ended in Mar. 2012 was $0.10 Mil. Blue Water Ventures International's Revenue for the three months ended in Mar. 2012 was $0.32 Mil. Therefore, Blue Water Ventures International's Operating Margin % for the quarter that ended in Mar. 2012 was 30.41%.

Blue Water Ventures International'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. Blue Water Ventures International's annualized ROC % for the quarter that ended in Mar. 2012 was 54.71%. Blue Water Ventures International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2012 was 2,369.81%.

Blue Water Ventures International Operating Income Historical Data

The historical data trend for Blue Water Ventures International'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.

Blue Water Ventures International Operating Income Chart

Blue Water Ventures International Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Operating Income

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-0.06

-1.16

-0.34

-0.15

-0.27

Blue Water Ventures International Quarterly Data
	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12
Operating Income	Get a 7-Day Free Trial															-0.06	-0.13	-0.15	0.06	0.10

Blue Water Ventures International 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 Mar. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.12 Mil.

Blue Water Ventures International (OTCPK:BWVI) Operating Income Explanation

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

Blue Water Ventures International's annualized ROC % for the quarter that ended in Mar. 2012 is calculated as:

	ROC % (Q: Mar. 2012 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2011 )	+	Invested Capital (Q: Mar. 2012 ))	/ count )
=	0.388 * ( 1 - 26.11% )	/	( (0.541	+	0.507)	/ 2 )
=	0.2866932	/	0.524
=	54.71 %

where

	Invested Capital		(Q: Dec. 2011 )
=	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	))
=	1.797	-	1.467	-	( 0.866	-	max(0, 1.475	-	1.264	+	0.866	))
=	0.541

	Invested Capital		(Q: Mar. 2012 )
=	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	))
=	1.956	-	1.508	-	( 0.99	-	max(0, 1.516	-	1.457	+	0.99	))
=	0.507

Note: The Operating Income data used here is four times the quarterly (Mar. 2012) data.

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

Blue Water Ventures International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2012 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2012 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2011		Q: Mar. 2012
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.628	/	( ( (0.029 + max(-1.077, 0))	+	(0.024 + max(-1.049, 0)) )	/	2 )
=	0.628	/	( ( 0.029	+	0.024 )	/	2 )
=	0.628	/	0.0265
=	2,369.81 %

where Working Capital is:

	Working Capital		(Q: Dec. 2011 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.339	+	0.004	+	0.055)	-	(1.467	+	0	+	0.008)
=	-1.077

	Working Capital		(Q: Mar. 2012 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.387	+	0.003	+	0.077)	-	(1.508	+	0	+	0.008)
=	-1.049

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2012) EBIT data.

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

Blue Water Ventures International's Operating Margin % for the quarter that ended in Mar. 2012 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2012 )	/	Revenue (Q: Mar. 2012 )
	=	0.097	/	0.319
	=	30.41 %

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.

Blue Water Ventures International Operating Income Related Terms

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Blue Water Ventures International (Blue Water Ventures International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Blue Water Ventures International Inc (OTCPK:BWVI) » Definitions » Operating Income

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Traded in Other Exchanges

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Address

515 E. Las Olas Boulevard, Suite 120, Fort Lauderdale, FL, USA, 33301

Website

https://www.bwvint.com

Blue Water Ventures International Inc, through its subsidiary, is engaged in the archaeologically sensitive exploration, discovery and recovery of historical cultural artifacts, intrinsically valuable cargo and treasure from ocean shipwrecks. The company designs treasure and nautical-themed jewelry and re-creations with the part of treasure and artifacts that it has recovered in it. It also leases its crew and vessels to other entities involved in discovery and recovery from ocean shipwrecks. The firm markets its treasure and artifacts through auction houses, websites, retail and distribution outlets, and directly to the public.