Foodfest International 2000 (Foodfest International 2000) Operating Income : $-0.60 Mil (TTM As of Sep. 2011)

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What is Foodfest International 2000 Operating Income?

Foodfest International 2000's Operating Income for the three months ended in Sep. 2011 was $-0.27 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2011 was $-0.60 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Foodfest International 2000's Operating Income for the three months ended in Sep. 2011 was $-0.27 Mil. Foodfest International 2000's Revenue for the three months ended in Sep. 2011 was $3.40 Mil. Therefore, Foodfest International 2000's Operating Margin % for the quarter that ended in Sep. 2011 was -8.06%.

Foodfest International 2000'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. Foodfest International 2000's annualized ROC % for the quarter that ended in Sep. 2011 was -61.43%. Foodfest International 2000's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2011 was -111.16%.

Foodfest International 2000 Operating Income Historical Data

The historical data trend for Foodfest International 2000'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.

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Foodfest International 2000 Operating Income Chart

Foodfest International 2000 Annual Data

Trend

Oct06

Oct07

Oct08

Oct09

Operating Income

-0.21

0.07

-0.60

Foodfest International 2000 Quarterly Data
	Jan07	Apr07	Jul07	Oct07	Jan08	Apr08	Jul08	Oct08	Jan09	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Dec10	Mar11	Jun11	Sep11
Operating Income	Get a 7-Day Free Trial														-0.13	-0.08	0.04	-0.28	-0.27

Foodfest International 2000 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. 2011 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.60 Mil.

Foodfest International 2000 (OTCPK:FDFT) Operating Income Explanation

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

Foodfest International 2000's annualized ROC % for the quarter that ended in Sep. 2011 is calculated as:

	ROC % (Q: Sep. 2011 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2011 )	+	Invested Capital (Q: Sep. 2011 ))	/ count )
=	-1.096 * ( 1 - 1.22% )	/	( (1.958	+	1.567)	/ 2 )
=	-1.0826288	/	1.7625
=	-61.43 %

where

	Invested Capital		(Q: Jun. 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	))
=	4.303	-	2.951	-	( 0	-	max(0, 4.488	-	3.882	+	0	))
=	1.958

	Invested Capital		(Q: Sep. 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	))
=	3.925	-	3.166	-	( 0	-	max(0, 4.355	-	3.547	+	0	))
=	1.567

Note: The Operating Income data used here is four times the quarterly (Sep. 2011) data.

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

Foodfest International 2000's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2011 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2011 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2011		Q: Sep. 2011
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.096	/	( ( (0.351 + max(0.931, 0))	+	(0.309 + max(0.381, 0)) )	/	2 )
=	-1.096	/	( ( 1.282	+	0.69 )	/	2 )
=	-1.096	/	0.986
=	-111.16 %

where Working Capital is:

	Working Capital		(Q: Jun. 2011 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.56	+	2.213	+	0.109)	-	(2.951	+	0	+	8.8817841970013E-16)
=	0.931

	Working Capital		(Q: Sep. 2011 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.242	+	2.06	+	0.245)	-	(3.166	+	0	+	0)
=	0.381

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2011) EBIT data.

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

Foodfest International 2000's Operating Margin % for the quarter that ended in Sep. 2011 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2011 )	/	Revenue (Q: Sep. 2011 )
	=	-0.274	/	3.401
	=	-8.06 %

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.

Foodfest International 2000 Operating Income Related Terms

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Foodfest International 2000 (Foodfest International 2000) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Foodfest International 2000 Inc (OTCPK:FDFT) » Definitions » Operating Income

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Traded in Other Exchanges

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Address

1016 9th Street, Coronado, CA, USA, 92118

Website

http://www.foodfestinternational2000.com

Foodfest International 2000 Inc currently has no operations.

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