FX Energy (FX Energy) Operating Income : $-32.14 Mil (TTM As of Sep. 2015)

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What is FX Energy Operating Income?

FX Energy's Operating Income for the three months ended in Sep. 2015 was $-0.17 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2015 was $-32.14 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. FX Energy's Operating Income for the three months ended in Sep. 2015 was $-0.17 Mil. FX Energy's Revenue for the three months ended in Sep. 2015 was $5.10 Mil. Therefore, FX Energy's Operating Margin % for the quarter that ended in Sep. 2015 was -3.23%.

FX Energy'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. FX Energy's annualized ROC % for the quarter that ended in Sep. 2015 was -1.27%. FX Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2015 was -11.80%.

FX Energy Operating Income Historical Data

The historical data trend for FX Energy'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.

FX Energy Operating Income Chart

FX Energy Annual Data

Trend

Dec05

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Dec14

Operating Income

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4.58

-3.10

-10.05

-13.60

-30.29

FX Energy Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Operating Income	Get a 7-Day Free Trial															-2.24	-25.82	-4.01	-2.15	-0.17

FX Energy 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. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-32.14 Mil.

FX Energy (NAS:FXEN) Operating Income Explanation

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

FX Energy's annualized ROC % for the quarter that ended in Sep. 2015 is calculated as:

	ROC % (Q: Sep. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2015 )	+	Invested Capital (Q: Sep. 2015 ))	/ count )
=	-0.66 * ( 1 - 0% )	/	( (50.547	+	53.024)	/ 2 )
=	-0.66	/	51.7855
=	-1.27 %

where

	Invested Capital		(Q: Jun. 2015 )
=	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	))
=	68.219	-	5.903	-	( 14.165	-	max(0, 5.903	-	17.672	+	14.165	))
=	50.547

	Invested Capital		(Q: Sep. 2015 )
=	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	))
=	64.136	-	3.039	-	( 8.738	-	max(0, 3.039	-	11.112	+	8.738	))
=	53.024

Note: The Operating Income data used here is four times the quarterly (Sep. 2015) data.

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

FX Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2015		Q: Sep. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-5.832	/	( ( (48.9 + max(-3.087, 0))	+	(49.963 + max(-1.227, 0)) )	/	2 )
=	-5.832	/	( ( 48.9	+	49.963 )	/	2 )
=	-5.832	/	49.4315
=	-11.80 %

where Working Capital is:

	Working Capital		(Q: Jun. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.548	+	0.101	+	0.167)	-	(5.903	+	0	+	0)
=	-3.087

	Working Capital		(Q: Sep. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.461	+	0.099	+	0.252)	-	(3.039	+	0	+	0)
=	-1.227

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2015) EBIT data.

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

FX Energy's Operating Margin % for the quarter that ended in Sep. 2015 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2015 )	/	Revenue (Q: Sep. 2015 )
	=	-0.165	/	5.104
	=	-3.23 %

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.

FX Energy Operating Income Related Terms

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

FX Energy (FX Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » FX Energy Inc (NAS:FXEN) » Definitions » Operating Income

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Traded in Other Exchanges

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Address

Website

http://www.fxenergy.com

FX Energy Inc was founded in 1989. The Company is an independent oil and gas exploration and production company with principal production, reserves, and exploration in Poland and oil production, oilfield service, and exploration activities in the United States. Company concentrates its exploration efforts in Poland on the Rotliegend sandstones of the Permian Basin. As of December 31, 2013, Company held oil and gas exploration rights in Poland in a number of separately designated project areas encompassing approximately 2.7 million gross acres. In Poland, it has projects involving the exploration and exploitation of oil and gas prospects in partnership with Polskie GÃ³rnictwo Naftowe i Gazownictwo or PGNiG, the Polish national oil and gas company, other industry partners, and for its own account. In the United States, it explores for and produces oil from fields in Montana and Nevada, and it have an oilfield services company in northern Montana that performs contract drilling and well-servicing operations. Company operates within two segments of the oil and gas industry: the exploration and production, or E&P, segment in Poland and the United States, and the oilfield services segment in the United States. The Company faces competition from larger oil and gas companies. The Companys oil and gas exploration, development, and production activities in Poland are subject to Polands laws and regulations and its United States operations are subject to governmental risks that may impact its operations.

Executives

Clay Newton	officer: Vice President	3006 HIGHLAND DRIVE, SALT LAKE CITY UT 84106
Scott J Duncan	officer: Vice President	3006 HIGHLAND DR, STE 206, SALT LAKE CITY UT 84106
David N Pierce	director, officer: CEO	3006 HIGHLAND DR, STE 206, SALT LAKE CITY UT 84106
Andrew W Pierce	officer: Vice President	3006 HIGHLAND DR, STE 206, SALT LAKE CITY UT 84106
Thomas B Lovejoy	officer: Vice President	48 BURYING HILL ROAD, GREENWICH CT 06831
H Allen Turner	director	DEVON ENERGY CORP, 20 NORTH BROADWAY STE 1500, OKLAHOMA CITY OK 73102-8260
Dennis B Goldstein	director	3006 HIGHLAND DR, STE 206, SALT LAKE CITY UT 84106
Jerzy B Maciolek	director, officer: Vice President	3006 HIGHLAND DR, STE 206, SALT LAKE CITY UT 84106
Grundvig Arnold S Jr	director	2135 CASTLE HILL AVE, SALT LAKE CITY UT 84121
Richard Hardman	director
David L Worrell	director	1469 ROSE VILLA STREET, PASADENA CA 91106

FX Energy (FX Energy) Headlines

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FX Energy Inc. Reports Operating Results (10-K)

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