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EzFill Holdings (EzFill Holdings) Operating Income : $-7.82 Mil (TTM As of Mar. 2024)


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What is EzFill Holdings Operating Income?

EzFill Holdings's Operating Income for the three months ended in Mar. 2024 was $-1.30 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-7.82 Mil.

Warning Sign:

EzFill Holdings Inc has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. EzFill Holdings's Operating Income for the three months ended in Mar. 2024 was $-1.30 Mil. EzFill Holdings's Revenue for the three months ended in Mar. 2024 was $6.60 Mil. Therefore, EzFill Holdings's Operating Margin % for the quarter that ended in Mar. 2024 was -19.77%.

EzFill Holdings'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. EzFill Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was -50.05%. EzFill Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -111.27%.


EzFill Holdings Operating Income Historical Data

The historical data trend for EzFill Holdings'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.

EzFill Holdings Operating Income Chart

EzFill Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
- -6.93 -8.77 -17.49 -8.83

EzFill Holdings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -2.31 -2.16 -1.61 -2.74 -1.30

EzFill Holdings 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.82 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.


EzFill Holdings  (NAS:EZFL) Operating Income Explanation

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

EzFill Holdings's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-5.216 * ( 1 - 0% )/( (10.01 + 10.834)/ 2 )
=-5.216/10.422
=-50.05 %

where

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

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

EzFill Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-4.96/( ( (3.894 + max(0.629, 0)) + (3.553 + max(0.839, 0)) )/ 2 )
=-4.96/( ( 4.523 + 4.392 )/ 2 )
=-4.96/4.4575
=-111.27 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.192 + 0.134 + 0.221) - (0.918 + 0 + 0)
=0.629

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.534 + 0.154 + 0.508) - (1.356 + 0 + 0.00099999999999945)
=0.839

When net working capital is negative, 0 is used.

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

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

EzFill Holdings's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=-1.304/6.597
=-19.77 %

* 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.


EzFill Holdings Operating Income Related Terms

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


EzFill Holdings (EzFill Holdings) Business Description

Traded in Other Exchanges
N/A
Address
2299 NE 191st Street, Suite 500, Aventura, FL, USA, 33180
EzFill Holdings Inc is an application based on-demand fuel delivery company in Florida and the mobile fueling company that combines on-demand fills and subscription services which fill customer vehicles on routine intervals. It provides fuel-delivery on-demand or in subscription to fill customer vehicles on routine intervals for the consumer, fleet, marine, and other specialty markets. EzFill's app-based platform brings the gas station to customers with a growing fleet of EzFill-branded, Mobile Fueling Trucks. The company provides gas delivery via Mobile Fueling Trucks in the greater South Florida area as well as in the West Palm Beach, Jacksonville, Tampa, and Orlando areas, and expect to soon begin fueling in other areas in Florida.
Executives
Yehuda Levy officer: Interim CEO 2999 NE 191ST STREET, AVENTURA FL 33180
Avishai Vaknin officer: Chief Technology Officer 2999 NE 191ST STREET, AVENTURA FL 33180
Daniel Ronald Arbour director 435 CHEMIN DU REFUGE, LAC SUPERIEUR A8 J0T 1P0
Luis Alejandro Reyes director 2315 TORO CANYON RD,, AUSTIN TX 78746
Michael Andrew Devoe officer: Chief Operating Officer 526 ORCHARD DR., NORTHVILLE MI 48167
Jack Levine director C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139
Arthur Levine officer: CFO 19950 WEST COUNTRY CLUB DRIVE, SUITE 800, AVENTURA FL 33180
Michael D Farkas 10 percent owner
Allen R Weiss director C/O DICK'S SPORTING GOODS, INC., 345 COURT STREET, CORAOPOLIS PA 15108
Cheryl Edith Hanrehan director, officer: COO 2125 BISCAYNE BLVD,, STE. 309, MIAMI FL 33137
Michael Joel Mcconnell director, officer: CEO 2125 BISCAYNE BLVD,, STE. 309, MIAMI FL 33137
Richard G. Dery director, officer: Chief Commercial Officer 2125 BISCAYNE BLVD,, SUITE 309, MIAMI FL 33137
Jacob Sod 10 percent owner 14 WALL STREET, SUITE 2064, NEW YORK NY 10005
Mark Toby Lev director 70 WILLISTON RD, BROOKLINE MA 02445

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