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KRNLU (Kernel Group Holdings) Operating Income : $-2.14 Mil (TTM As of Mar. 2024)


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What is Kernel Group Holdings Operating Income?

Kernel Group Holdings's Operating Income for the three months ended in Mar. 2024 was $-0.46 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-2.14 Mil.

Warning Sign:

Kernel Group Holdings Inc has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Kernel Group Holdings's Operating Income for the three months ended in Mar. 2024 was $-0.46 Mil. Kernel Group Holdings's Revenue for the three months ended in Mar. 2024 was $0.00 Mil. Therefore, Kernel Group Holdings's Operating Margin % for the quarter that ended in Mar. 2024 was %.

Kernel Group 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. Kernel Group Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was -4.50%. Kernel Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was %.


Kernel Group Holdings Operating Income Historical Data

The historical data trend for Kernel Group 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.

Kernel Group Holdings Operating Income Chart

Kernel Group Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Operating Income
- -3.71 -1.11 -2.57

Kernel Group Holdings Quarterly Data
Nov20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -0.95 -0.27 -0.58 -0.83 -0.46

Kernel Group 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.14 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.


Kernel Group Holdings  (NAS:KRNLU) Operating Income Explanation

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

Kernel Group Holdings's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-1.832 * ( 1 - 0% )/( (71.6 + 9.776)/ 2 )
=-1.832/40.688
=-4.50 %

where

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

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

Kernel Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-2.468/( ( (0 + max(-4.043, 0)) + (0 + max(-4.193, 0)) )/ 2 )
=-2.468/( ( 0 + 0 )/ 2 )
=-2.468/0
= %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.027) - (4.07 + 0 + 0)
=-4.043

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.092) - (4.285 + 0 + -1.7763568394003E-15)
=-4.193

When net working capital is negative, 0 is used.

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

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

Kernel Group Holdings's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=-0.458/0
= %

* 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.


Kernel Group Holdings Operating Income Related Terms

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Kernel Group Holdings Business Description

Traded in Other Exchanges
N/A
Address
515 Madison Avenue, 8th Floor, Suite 8078, New York, NY, USA, 94112
Kernel Group Holdings Inc is a blank check company.
Executives
Jeffrey A Altman 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Asset Management, L.p. 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Surendra K Ajjarapu director, 10 percent owner, officer: CEO, Chairman 8604 BUTTON BUSH CT, TAMPA FL 33647
Vkss Capital, Llc other: 10% Owner 515 MADISON AVENUE, SUITE 865, NEW YORK NY 10022
Srinivasan Venkatesh director 2 CEDAR GATE COURT, LIVINGSTON NJ 07039
Siva Saravanan director 334 REZZO STREET, LAS VEGAS NV 89138
Donald G. Fell director 17537 DARBY LANE, LUTZ FL 33558
Howard A. Doss officer: Chief Financial Officer 17537 DARBY LANE, LUTZ FL 90067
Mark Gross director, 10 percent owner, officer: Chief Executive Officer 11840 VALLEY VIEW RD, EDEN PRAIRIE MN 55344
Kernel Capital Holdings, Llc director, 10 percent owner 2 ROUSSEAU STREET, SAN FRANCISCO CA 94112
Christopher J Farrell director 2 ROUSSEAU STREET, SAN FRANCISCO CA 94112
Ronald Martin Meyer director 2 ROUSSEAU STREET, SAN FRANCISCO CA 94112
Michael F Newbold officer: Chief Administrative Officer 2 ROUSSEAU STREET, SAN FRANCISCO CA 94112
Brett Northart director, 10 percent owner, officer: Chief Operating Officer 2 ROUSSEAU STREET, SAN FRANCISCO CA 94112
Diana A Sklar director 2 ROUSSEAU STREET, SAN FRANCISCO CA 94112