iFIT Health & Fitness (iFIT Health & Fitness) Operating Income : $ Mil (TTM As of May. 2020)

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What is iFIT Health & Fitness Operating Income?

iFIT Health & Fitness's Operating Income for the three months ended in May. 2020 was $0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. iFIT Health & Fitness's Operating Income for the three months ended in May. 2020 was $0 Mil. iFIT Health & Fitness's Revenue for the three months ended in May. 2020 was $0 Mil. Therefore, iFIT Health & Fitness's Operating Margin % for the quarter that ended in May. 2020 was %.

iFIT Health & Fitness'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. iFIT Health & Fitness's annualized ROC % for the quarter that ended in May. 2020 was 0.00%. iFIT Health & Fitness's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2020 was 0.00%.

iFIT Health & Fitness Operating Income Historical Data

The historical data trend for iFIT Health & Fitness'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.

iFIT Health & Fitness Operating Income Chart

iFIT Health & Fitness Annual Data

Trend

May19

May20

May21

Operating Income

-21.13

-49.75

-127.63

iFIT Health & Fitness Quarterly Data
	May19	May20	May21
Operating Income	-	-	-

iFIT Health & Fitness 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 May. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $ Mil.

iFIT Health & Fitness (NAS:IFIT) Operating Income Explanation

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

iFIT Health & Fitness's annualized ROC % for the quarter that ended in May. 2020 is calculated as:

	ROC % (Q: May. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: May. 2019 )	+	Invested Capital (Q: May. 2020 ))	/ count )
=	0 * ( 1 - % )	/	( (0	+	237.119)	/ 1 )
=	0	/	237.119
=	0.00 %

where

	Invested Capital		(Q: May. 2019 )
=	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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	Invested Capital		(Q: May. 2020 )
=	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	))
=	372.129	-	118.813	-	( 110.244	-	max(0, 261.364	-	277.561	+	110.244	))
=	237.119

Note: The Operating Income data used here is four times the quarterly (May. 2020) data.

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

iFIT Health & Fitness's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: May. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: May. 2019		Q: May. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0	/	( ( (0 + max(0, 0))	+	(37.56 + max(-94.047, 0)) )	/	1 )
=	0	/	( ( 0	+	37.56 )	/	1 )
=	0	/	37.56
=	0.00 %

where Working Capital is:

	Working Capital		(Q: May. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: May. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(73.828	+	81.581	+	11.908)	-	(118.813	+	106.052	+	36.499)
=	-94.047

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (May. 2020) EBIT data.

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

iFIT Health & Fitness's Operating Margin % for the quarter that ended in May. 2020 is calculated as:

Operating Margin %	=	Operating Income (Q: May. 2020 )	/	Revenue (Q: May. 2020 )
	=	0	/	0
	=	%

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.

iFIT Health & Fitness Operating Income Related Terms

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iFIT Health & Fitness (iFIT Health & Fitness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » iFIT Health & Fitness Inc (NAS:IFIT) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

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Address

1500 South 1000 West, Logan, UT, USA, 84321

Website

https://www.ifit.com

iFIT Health & Fitness Inc is a health and fitness subscription technology company. It is an integrated health and fitness platform, designed to connect proprietary software, experiential content, and interactive hardware to deliver an unmatched connected fitness experience. It has two segments. The Interactive Fitness Products segment, which is the key revenue driver, derives revenue from the sale of the treadmills, bikes, ellipticals, rowers, climbers, strength equipment, fitness mirrors, yoga equipment, and accessories. The Subscription segment derives revenue from iFIT subscriptions and the sale of extended warranties on the fitness equipment.