Juniper Industrial Holdings (Juniper Industrial Holdings) Operating Income : $-6.79 Mil (TTM As of Mar. 2021)

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What is Juniper Industrial Holdings Operating Income?

Juniper Industrial Holdings's Operating Income for the three months ended in Mar. 2021 was $-2.69 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2021 was $-6.79 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Juniper Industrial Holdings's Operating Income for the three months ended in Mar. 2021 was $-2.69 Mil. Juniper Industrial Holdings's Revenue for the three months ended in Mar. 2021 was $0.00 Mil. Therefore, Juniper Industrial Holdings's Operating Margin % for the quarter that ended in Mar. 2021 was %.

Juniper Industrial Holdings'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. Juniper Industrial Holdings's annualized ROC % for the quarter that ended in Mar. 2021 was -3.10%. Juniper Industrial Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2021 was %.

Juniper Industrial Holdings Operating Income Historical Data

The historical data trend for Juniper Industrial Holdings'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.

Juniper Industrial Holdings Operating Income Chart

Juniper Industrial Holdings Annual Data

Trend

Dec19

Dec20

Operating Income

-4.40

Juniper Industrial Holdings Quarterly Data
	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21
Operating Income	Get a 7-Day Free Trial			-0.31	-0.16	-1.18	-2.76	-2.69

Juniper Industrial Holdings 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 Mar. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.79 Mil.

Juniper Industrial Holdings (NYSE:JIH.U) Operating Income Explanation

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

Juniper Industrial Holdings's annualized ROC % for the quarter that ended in Mar. 2021 is calculated as:

	ROC % (Q: Mar. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2020 )	+	Invested Capital (Q: Mar. 2021 ))	/ count )
=	-10.764 * ( 1 - 0.01% )	/	( (347.473	+	347.371)	/ 2 )
=	-10.7629236	/	347.422
=	-3.10 %

where

	Invested Capital		(Q: Dec. 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	))
=	349.399	-	4.195	-	( 1.79	-	max(0, 4.195	-	1.926	+	1.79	))
=	347.473

	Invested Capital		(Q: Mar. 2021 )
=	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	))
=	348.394	-	5.841	-	( 0.859	-	max(0, 5.841	-	1.023	+	0.859	))
=	347.371

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

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

Juniper Industrial Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2020		Q: Mar. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-10.764	/	( ( (0 + max(-4.059, 0))	+	(0 + max(-5.677, 0)) )	/	2 )
=	-10.764	/	( ( 0	+	0 )	/	2 )
=	-10.764	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.136)	-	(4.195	+	0	+	0)
=	-4.059

	Working Capital		(Q: Mar. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.164)	-	(5.841	+	0	+	0)
=	-5.677

When net working capital is negative, 0 is used.

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

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

Juniper Industrial Holdings's Operating Margin % for the quarter that ended in Mar. 2021 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2021 )	/	Revenue (Q: Mar. 2021 )
	=	-2.691	/	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.

Juniper Industrial Holdings Operating Income Related Terms

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Juniper Industrial Holdings (Juniper Industrial Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Juniper Industrial Holdings Inc (NYSE:JIH.U) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Fairmount Avenue, Chatham, NJ, USA, 07928

Website

https://www.juniperindustrial.com

Juniper Industrial Holdings Inc is a blank check company.

Executives

David M Cote	director	PO BOX 781, ANNA MARIA FL 34216
Roger Fradin	director, 10 percent owner, officer: Chief Executive Officer	C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747
Juniper Industrial Sponsor, Llc	10 percent owner	14 FAIRMOUNT AVENUE, CHATHAM NJ 07928
Brian Scott Cook	director, 10 percent owner, officer: Chief Financial Officer	C/O JUNIPER INDUSTRIAL HOLDINGS, INC., 14 FAIRMOUNT AVENUE, CHATHAM NJ 07928
Mitchell Lawrence Jacobson	director	C/O JUNIPER INDUSTRIAL HOLDINGS, INC., 14 FAIRMOUNT AVENUE, CHATHAM NJ 07928
Mark Stuart Levy	director	C/O JUNIPER INDUSTRIAL HOLDINGS, INC., 14 FAIRMOUNT AVENUE, CHATHAM NJ 07928