Jupiter Marine International Holdings (Jupiter Marine International Holdings) Operating Income : $-0.47 Mil (TTM As of Oct. 2007)

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What is Jupiter Marine International Holdings Operating Income?

Jupiter Marine International Holdings's Operating Income for the three months ended in Oct. 2007 was $0.10 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Oct. 2007 was $-0.47 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Jupiter Marine International Holdings's Operating Income for the three months ended in Oct. 2007 was $0.10 Mil. Jupiter Marine International Holdings's Revenue for the three months ended in Oct. 2007 was $3.86 Mil. Therefore, Jupiter Marine International Holdings's Operating Margin % for the quarter that ended in Oct. 2007 was 2.54%.

Jupiter Marine International 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. Jupiter Marine International Holdings's annualized ROC % for the quarter that ended in Oct. 2007 was 13.99%. Jupiter Marine International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2007 was 17.43%.

Jupiter Marine International Holdings Operating Income Historical Data

The historical data trend for Jupiter Marine International 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.

Jupiter Marine International Holdings Operating Income Chart

Jupiter Marine International Holdings Annual Data

Trend

Jul01

Jul03

Jul04

Jul05

Jul06

Jul07

Operating Income

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0.45

0.62

0.65

0.95

-0.53

Jupiter Marine International Holdings Quarterly Data
	Oct01	Oct03	Jan04	Apr04	Jul04	Oct04	Jan05	Apr05	Jul05	Oct05	Jan06	Apr06	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07
Operating Income	Get a 7-Day Free Trial													0.05	-0.03	-0.09	-0.45	0.10

Jupiter Marine International 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 Oct. 2007 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.47 Mil.

Jupiter Marine International Holdings (OTCPK:JMIH) Operating Income Explanation

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

Jupiter Marine International Holdings's annualized ROC % for the quarter that ended in Oct. 2007 is calculated as:

	ROC % (Q: Oct. 2007 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2007 )	+	Invested Capital (Q: Oct. 2007 ))	/ count )
=	0.392 * ( 1 - 0% )	/	( (2.551	+	3.052)	/ 2 )
=	0.392	/	2.8015
=	13.99 %

where

	Invested Capital		(Q: Jul. 2007 )
=	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	))
=	4.094	-	2.125	-	( 0.08	-	max(0, 2.553	-	1.971	+	0.08	))
=	2.551

	Invested Capital		(Q: Oct. 2007 )
=	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	))
=	4.91	-	2.734	-	( 0.341	-	max(0, 3.296	-	2.42	+	0.341	))
=	3.052

Note: The Operating Income data used here is four times the quarterly (Oct. 2007) data.

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

Jupiter Marine International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2007 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2007 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jul. 2007		Q: Oct. 2007
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.392	/	( ( (2.066 + max(-0.636, 0))	+	(2.432 + max(-1.191, 0)) )	/	2 )
=	0.392	/	( ( 2.066	+	2.432 )	/	2 )
=	0.392	/	2.249
=	17.43 %

where Working Capital is:

	Working Capital		(Q: Jul. 2007 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.048	+	1.775	+	0.068)	-	(2.125	+	0	+	0.402)
=	-0.636

	Working Capital		(Q: Oct. 2007 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.051	+	1.982	+	0.046)	-	(2.734	+	0	+	0.536)
=	-1.191

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Oct. 2007) EBIT data.

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

Jupiter Marine International Holdings's Operating Margin % for the quarter that ended in Oct. 2007 is calculated as:

Operating Margin %	=	Operating Income (Q: Oct. 2007 )	/	Revenue (Q: Oct. 2007 )
	=	0.098	/	3.858
	=	2.54 %

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.

Jupiter Marine International Holdings Operating Income Related Terms

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

Jupiter Marine International Holdings (Jupiter Marine International Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jupiter Marine International Holdings Inc (OTCPK:JMIH) » Definitions » Operating Income

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Address

1103 12th Avenue East, Palmetto, FL, USA, 34221

Website

http://www.jupitermarine.com

Jupiter Marine International Holdings Inc designs, manufactures and markets sport fishing boats like 29 Forward Seating Center Console, 31 Open Center Console, 31 Cuddy Cabin and 31 Forward Seating Center Console. Geographically the business activities are carried out through Palmetto, Florida.

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