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Ikonics (Ikonics) Operating Income : $-1.51 Mil (TTM As of Sep. 2021)


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What is Ikonics Operating Income?

Ikonics's Operating Income for the three months ended in Sep. 2021 was $-0.83 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2021 was $-1.51 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ikonics's Operating Income for the three months ended in Sep. 2021 was $-0.83 Mil. Ikonics's Revenue for the three months ended in Sep. 2021 was $4.74 Mil. Therefore, Ikonics's Operating Margin % for the quarter that ended in Sep. 2021 was -17.44%.

Ikonics'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. Ikonics's annualized ROC % for the quarter that ended in Sep. 2021 was -37.33%. Ikonics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was -39.24%.


Ikonics Operating Income Historical Data

The historical data trend for Ikonics'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.

Ikonics Operating Income Chart

Ikonics Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.02 -0.47 0.23 -0.96 -1.79

Ikonics Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 -0.24 0.29 -0.32 -0.64 -0.83

Ikonics 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.51 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.


Ikonics  (NAS:IKNX) Operating Income Explanation

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

Ikonics's annualized ROC % for the quarter that ended in Sep. 2021 is calculated as:

ROC % (Q: Sep. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2021 ) + Invested Capital (Q: Sep. 2021 ))/ count )
=-3.308 * ( 1 - -3.02% )/( (9.16 + 9.1)/ 2 )
=-3.4079016/9.13
=-37.33 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2021) data.

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

Ikonics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2021  Q: Sep. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-3.308/( ( (7.084 + max(1.334, 0)) + (6.933 + max(1.509, 0)) )/ 2 )
=-3.308/( ( 8.418 + 8.442 )/ 2 )
=-3.308/8.43
=-39.24 %

where Working Capital is:

Working Capital(Q: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.651 + 1.608 + 0.163) - (1.622 + 0 + 0.466)
=1.334

Working Capital(Q: Sep. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.875 + 1.65 + 0.182) - (1.779 + 0 + 0.419)
=1.509

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2021) EBIT data.

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

Ikonics's Operating Margin % for the quarter that ended in Sep. 2021 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2021 )/Revenue (Q: Sep. 2021 )
=-0.827/4.743
=-17.44 %

* 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.


Ikonics Operating Income Related Terms

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


Ikonics (Ikonics) Business Description

Traded in Other Exchanges
N/A
Address
4832 Grand Avenue, Duluth, MN, USA, 55807
Ikonics Corp is engaged in the development, manufacturing, and selling of photosensitive liquids and films for the screen printing, awards and recognition industries. It has four segments. Chromaline, which is the key revenue driver, sells screen printing film, emulsions, and inkjet receptive film primarily to distributors and some end users. IKONICS Imaging sells photo resistant film, art supplies, glass, and related abrasive etching equipment. Advanced Material Solutions provides sound deadening and weight reduction technology to the aerospace industry and products for etched composites, ceramics, glass, and silicon wafers. Digital Texturing Technology includes products related to patented and proprietary inkjet technology used for mold texturing and prototyping.
Executives
William C Ulland director, 10 percent owner
Joseph R Nerges 10 percent owner, other: Confidentiality agreement 1726 BUNDY ST, SCRANTON PA 18508
Kenneth D. Hegman officer: Chief Operating Officer 2202 FREDERICK STREET, DULUTH MN 55803
Glenn Sandgren director, officer: Chief Executive Officer 4832 GRAND AVENUE, DULUTH MN 55807
Darrell B Lee director C/O MOCON, INC., 7500 BOONE AVENUE NORTH, MINNEAPOLIS MN 55428
Harper Ernest M. Jr director 3016 EMERSON AVE S, MINNEAPOLIS MN 55408
Gregory W. Jackson director 4832 GRAND AVENUE, DULUTH MN 55807
Marianne Bohren director 4832 GRAND AVENUE, DULUTH MN 55807
David O Harris director
Gerald W Simonson director 7260 COMMERCE CIRCLE EAST, MINNEAPOLIS MN 55432
D Jeffrey Engbrecht director 4832 GRAND AVENUE, DULUTH MN 55807
Karl G. Shaw officer: Chief Technology Officer 307 E. 3RD STREET, APT 74, DULUTH MN 55805
Rondi Erickson director
H Leigh Severance director 100 FILMORE ST, STE 300, DENVER CO 80206
Lockwood Carlson director 4832 GRAND AVENUE, DULUTH MN 55807

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