Cal Bay International (Cal Bay International) Operating Income : $-5.25 Mil (TTM As of Sep. 2006)

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What is Cal Bay International Operating Income?

Cal Bay International's Operating Income for the three months ended in Sep. 2006 was $-0.91 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2006 was $-5.25 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Cal Bay International's Operating Income for the three months ended in Sep. 2006 was $-0.91 Mil. Cal Bay International's Revenue for the three months ended in Sep. 2006 was $0.03 Mil. Therefore, Cal Bay International's Operating Margin % for the quarter that ended in Sep. 2006 was -2,856.25%.

Cal Bay 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. Cal Bay International's annualized ROC % for the quarter that ended in Sep. 2006 was -16.45%. Cal Bay International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2006 was -64.01%.

Cal Bay International Operating Income Historical Data

The historical data trend for Cal Bay 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.

Cal Bay International Operating Income Chart

Cal Bay International Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

Operating Income

-0.02

-0.71

-0.57

-0.08

-2.70

Cal Bay International Quarterly Data
	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06
Operating Income	Get a 7-Day Free Trial															-0.91	-0.83	-1.67	-1.84	-0.91

Cal Bay 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 Sep. 2006 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.25 Mil.

Cal Bay International (OTCPK:CBYI) Operating Income Explanation

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

Cal Bay International's annualized ROC % for the quarter that ended in Sep. 2006 is calculated as:

	ROC % (Q: Sep. 2006 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2006 )	+	Invested Capital (Q: Sep. 2006 ))	/ count )
=	-3.656 * ( 1 - % )	/	( (31.619	+	12.836)	/ 2 )
=	-3.656	/	22.2275
=	-16.45 %

where

	Invested Capital		(Q: Jun. 2006 )
=	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	))
=	32.473	-	0.593	-	( 0.261	-	max(0, 7.757	-	17.061	+	0.261	))
=	31.619

	Invested Capital		(Q: Sep. 2006 )
=	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	))
=	11.49	-	0.005	-	( 0.201	-	max(0, 1.895	-	0.544	+	0.201	))
=	12.836

Note: The Operating Income data used here is four times the quarterly (Sep. 2006) data.

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

Cal Bay International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2006 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2006 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2006		Q: Sep. 2006
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-3.656	/	( ( (0.249 + max(11.103, 0))	+	(0.071 + max(-1.262, 0)) )	/	2 )
=	-3.656	/	( ( 11.352	+	0.071 )	/	2 )
=	-3.656	/	5.7115
=	-64.01 %

where Working Capital is:

	Working Capital		(Q: Jun. 2006 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(15.37	+	0	+	1.43)	-	(0.593	+	0.035	+	5.069)
=	11.103

	Working Capital		(Q: Sep. 2006 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.293	+	0)	-	(0.005	+	0	+	1.55)
=	-1.262

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2006) EBIT data.

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

Cal Bay International's Operating Margin % for the quarter that ended in Sep. 2006 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2006 )	/	Revenue (Q: Sep. 2006 )
	=	-0.914	/	0.032
	=	-2,856.25 %

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.

Cal Bay International Operating Income Related Terms

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Cal Bay International (Cal Bay International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cal Bay International Inc (OTCPK:CBYI) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

1887 Whitney Mesa Drive, No. 2127, Henderson, NV, USA, 89014

Website

https://www.cbyintl.com

Cal Bay International Inc acquired a Financial, merchant card processing system, CB Green Card, that allows the legal payment to the dispensary by patients using the CB Green card for purchases within the dispensaries. The majority of the transactions are on a cash only basis. The company's merchant processing system allows for the registered dispensaries to be able to accept and process the patients CB Green card and have the proceeds deposited to their financial institution, creating an alternative to holding large amounts of non depositable cash to the banks and at the same time creating a verifiable transaction of sales for state and Federal tax collection agencies. The company has also developed a formula specifically designed for enhancing the growth of marijuana plants.