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GENC (Gencor Industries) Operating Income : $15.1 Mil (TTM As of Jun. 2024)


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What is Gencor Industries Operating Income?

Gencor Industries's Operating Income for the three months ended in Jun. 2024 was $2.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2024 was $15.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Gencor Industries's Operating Income for the three months ended in Jun. 2024 was $2.0 Mil. Gencor Industries's Revenue for the three months ended in Jun. 2024 was $25.6 Mil. Therefore, Gencor Industries's Operating Margin % for the quarter that ended in Jun. 2024 was 7.80%.

Warning Sign:

Gencor Industries Inc operating margin has been in a 5-year decline. The average rate of decline per year is -15.4%.

Gencor Industries's 5-Year average Growth Rate for Operating Margin % was -15.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gencor Industries's annualized ROC % for the quarter that ended in Jun. 2024 was 7.46%. Gencor Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 11.25%.


Gencor Industries Operating Income Historical Data

The historical data trend for Gencor Industries'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.

Gencor Industries Operating Income Chart

Gencor Industries Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.47 5.54 0.70 4.17 13.43

Gencor Industries Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 Premium Member Only Premium Member Only 3.45 2.69 3.38 7.07 1.99

Gencor Industries 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $15.1 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.


Gencor Industries  (AMEX:GENC) Operating Income Explanation

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

Gencor Industries's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=7.972 * ( 1 - 23% )/( (83.478 + 81.084)/ 2 )
=6.13844/82.281
=7.46 %

where

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

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

Gencor Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=7.972/( ( (12.296 + max(57.304, 0)) + (12.038 + max(60.04, 0)) )/ 2 )
=7.972/( ( 69.6 + 72.078 )/ 2 )
=7.972/70.839
=11.25 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.758 + 63.732 + 1.216) - (5.457 + 7.945 + 0)
=57.304

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.923 + 63.232 + 0.53100000000001) - (4.086 + 2.56 + -8.8817841970013E-16)
=60.04

When net working capital is negative, 0 is used.

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

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

Gencor Industries's Operating Margin % for the quarter that ended in Jun. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2024 )/Revenue (Q: Jun. 2024 )
=1.993/25.551
=7.80 %

* 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.


Gencor Industries Operating Income Related Terms

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


Gencor Industries Business Description

Traded in Other Exchanges
N/A
Address
5201 North Orange Blossom Trail, Orlando, FL, USA, 32810
Gencor Industries Inc and its subsidiaries is a manufacturer of heavy machinery used in the production of highway construction materials and environmental control equipment. The Company has one reporting segment, equipment for the highway construction industry. The firm's principal products include asphalt plants, combustion systems, hot mix asphalt plants, fluid heat transfer systems, and asphalt pavers.
Executives
Marc G Elliott officer: Pres., Const. Equip. Group 5201 N ORANGE BLOSSOM TRAIL, ORLANDO FL 32810
Jeanne M Lyons officer: Secretary 5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810
Ketcham Walter A Jr director 5201 N ORANGE BLOSSOM TRAIL, ORLANDO FL 32810
Thomas A. Vecchiolla director 601 QUEEN STREET, ALEXANDRIA VA 22314
Eric E Mellen officer: CFO 5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810
James P Sharp director 5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810
John G Coburn director 10505 GUNSTON ROAD, HORTON VA 22079
Sherry Houtkin 10 percent owner 3900 ISLAND BLVD., PENTHOUSE 4, AVENTURA FL 33160
David Air director PO BOX 1188, DUNDEE FL 33838
Dondero Cort J director
Lawrence C Maingot officer: Vice President and Controller 5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810
Dennis Bryan Hunt officer: Senior Vice President 2790 MARSH WREN CIRCLE, LONGWOOD FL 32779
Lawrence K Miles officer: Vice President Product Support 5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810
Lowell Raymond Adams officer: CFO and Treasurer 1722 SE HALYARD LANE, VANCOUVER WA 98661
Robert A Mifflin officer: Interim CFO 5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810

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