Strategic Asset Leasing (Strategic Asset Leasing) Operating Income : $-1.30 Mil (TTM As of Dec. 2092)

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What is Strategic Asset Leasing Operating Income?

Strategic Asset Leasing's Operating Income for the three months ended in Dec. 2092 was $-1.60 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2092 was $-1.30 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Strategic Asset Leasing's Operating Income for the three months ended in Dec. 2092 was $-1.60 Mil. Strategic Asset Leasing's Revenue for the three months ended in Dec. 2092 was $0.00 Mil. Therefore, Strategic Asset Leasing's Operating Margin % for the quarter that ended in Dec. 2092 was %.

Strategic Asset Leasing'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. Strategic Asset Leasing's annualized ROC % for the quarter that ended in Dec. 2092 was -86.49%. Strategic Asset Leasing's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2092 was -152.38%.

Strategic Asset Leasing Operating Income Historical Data

The historical data trend for Strategic Asset Leasing'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.

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Strategic Asset Leasing Operating Income Chart

Strategic Asset Leasing Annual Data

Trend

Dec89

Dec90

Dec91

Dec92

Operating Income

-2.00

-1.40

-0.50

-1.50

Strategic Asset Leasing Quarterly Data
	Mar89	Jun89	Sep89	Dec89	Mar90	Jun90	Sep90	Dec90	Mar91	Jun91	Sep91	Dec91	Mar92	Jun92	Sep92	Dec92
Operating Income	Get a 7-Day Free Trial											-0.90	0.10	0.10	0.10	-1.60

Strategic Asset Leasing 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 Dec. 2092 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.30 Mil.

Strategic Asset Leasing (OTCPK:LEAS) Operating Income Explanation

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

Strategic Asset Leasing's annualized ROC % for the quarter that ended in Dec. 2092 is calculated as:

	ROC % (Q: Dec. 2092 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2092 )	+	Invested Capital (Q: Dec. 2092 ))	/ count )
=	-6.4 * ( 1 - % )	/	( (0	+	7.4)	/ 1 )
=	-6.4	/	7.4
=	-86.49 %

where

	Invested Capital		(Q: Sep. 2092 )
=	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: Dec. 2092 )
=	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	))
=	8.2	-	0.5	-	( 0.3	-	max(0, 0.5	-	0.8	+	0.3	))
=	7.4

Note: The Operating Income data used here is four times the quarterly (Dec. 2092) data.

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

Strategic Asset Leasing's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2092 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2092 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2092		Q: Dec. 2092
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-6.4	/	( ( (0 + max(0, 0))	+	(4.2 + max(-0.1, 0)) )	/	1 )
=	-6.4	/	( ( 0	+	4.2 )	/	1 )
=	-6.4	/	4.2
=	-152.38 %

where Working Capital is:

	Working Capital		(Q: Sep. 2092 )
=	(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: Dec. 2092 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.1	+	0.3)	-	(0.5	+	0	+	0)
=	-0.1

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2092) EBIT data.

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

Strategic Asset Leasing's Operating Margin % for the quarter that ended in Dec. 2092 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2092 )	/	Revenue (Q: Dec. 2092 )
	=	-1.6	/	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.

Strategic Asset Leasing Operating Income Related Terms

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Strategic Asset Leasing (Strategic Asset Leasing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Strategic Asset Leasing Inc (OTCPK:LEAS) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

13576 Walnut Street, Suite A, Omaha, NE, USA, 68144

Website

https://www.anewmeds.com

Strategic Asset Leasing Inc is a United States-based development stage company. It is principally focused on the business activities to engage in the leasing and rental of general and miscellaneous business equipment.