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GROW (US Global Investors) Operating Income : $-1.25 Mil (TTM As of Sep. 2024)


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What is US Global Investors Operating Income?

US Global Investors's Operating Income for the three months ended in Sep. 2024 was $-0.56 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was $-1.25 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. US Global Investors's Operating Income for the three months ended in Sep. 2024 was $-0.56 Mil. US Global Investors's Revenue for the three months ended in Sep. 2024 was $2.16 Mil. Therefore, US Global Investors's Operating Margin % for the quarter that ended in Sep. 2024 was -25.87%.

US Global Investors'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. US Global Investors's annualized ROC % for the quarter that ended in Sep. 2024 was -12.43%. US Global Investors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 108.03%.


US Global Investors Operating Income Historical Data

The historical data trend for US Global Investors'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.

US Global Investors Operating Income Chart

US Global Investors Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.40 8.17 11.11 3.53 -0.48

US Global Investors Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.22 0.19 -0.49 -0.40 -0.56

US Global Investors 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.25 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.


US Global Investors  (NAS:GROW) Operating Income Explanation

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

US Global Investors's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=-2.232 * ( 1 - 27.75% )/( (13.396 + 12.551)/ 2 )
=-1.61262/12.9735
=-12.43 %

where

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

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

US Global Investors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1.748/( ( (1.192 + max(0.412, 0)) + (1.164 + max(0.468, 0)) )/ 2 )
=1.748/( ( 1.604 + 1.632 )/ 2 )
=1.748/1.618
=108.03 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.047 + 0 + 1.498) - (1.524 + 0 + 0.609)
=0.412

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.991 + 0 + 1.359) - (1.484 + 0 + 0.398)
=0.468

When net working capital is negative, 0 is used.

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

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

US Global Investors's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=-0.558/2.157
=-25.87 %

* 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.


US Global Investors Operating Income Related Terms

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US Global Investors Business Description

Traded in Other Exchanges
Address
7900 Callaghan Road, San Antonio, TX, USA, 78229
US Global Investors Inc is a registered investment advisory firm. The company manages the following business segments: Investment management services; through which the company offers, to U.S. Global Investors Funds (USGIF or the Funds) and exchange-traded fund (ETF) clients, a range of investment management products and services to meet the needs of individual and institutional investors; and Corporate Investments, through which the company invests for its own account in an effort to add growth and value to its cash position. It derives all its revenue from Investment management services.
Executives
Frank E Holmes director, 10 percent owner, officer: CEO/CIO 7900 CALLAGHAN ROAD, SAN ANTONIO TX 78229
Jerold H Rubinstein director 9472 REMBERT LANE, BEVERLY HILLS CA 90210
Lydon Thomas F Jr director
Roy D Terracina director 7900 CALLAGHAN RD, SAN ANTONIO TX 78229
Lisa Callicotte officer: CFO 7900 CALLAGHAN ROAD, SAN ANTONIO TX 78229
Susan B Mcgee officer: President/General Counsel 7900 CALLAGHAN ROAD, SAN ANTONIO TX 78229
Catherine Ann Rademacher officer: Chief Financial Officer 7900 CALLAGHAN ROAD, SAN ANTONIO TX 78229
Praetorian Capital Management Llc 10 percent owner 3271 RIVIERA DRIVE, CORAL GABLES FL 33134
Tracy C Peterson officer: CFO/CAO