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MSP Recovery's Operating Income for the three months ended in Sep. 2024 was $-129.87 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was $-537.02 Mil.
Warning Sign:
MSP Recovery 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. MSP Recovery's Operating Income for the three months ended in Sep. 2024 was $-129.87 Mil. MSP Recovery's Revenue for the three months ended in Sep. 2024 was $3.67 Mil. Therefore, MSP Recovery's Operating Margin % for the quarter that ended in Sep. 2024 was -3,540.65%.
MSP Recovery'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. MSP Recovery's annualized ROC % for the quarter that ended in Sep. 2024 was -15.07%. MSP Recovery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -6,486.38%.
The historical data trend for MSP Recovery'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.
MSP Recovery Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Operating Income | -3.33 | -7.17 | -331.48 | -559.87 |
MSP Recovery Quarterly Data | |||||||||||||||
Dec20 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Operating Income | Get a 7-Day Free Trial |
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-136.69 | -142.02 | -130.21 | -134.92 | -129.87 |
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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-537.02 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.
MSP Recovery (NAS:MSPR) Operating Income Explanation
1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
MSP Recovery's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:
ROC % (Q: Sep. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Jun. 2024 ) | + | Invested Capital (Q: Sep. 2024 )) | / count ) |
= | -519.484 * ( 1 - 0% ) | / | ( (2952.864 | + | 3939.364) | / 2 ) |
= | -519.484 | / | 3446.114 | |||
= | -15.07 % |
where
Invested Capital | (Q: Jun. 2024 ) | |||||||||||
= | 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 | )) |
= | 2909.274 | - | 33.804 | - | ( 7.113 | - | max(0, 90.488 | - | 13.094 | + | 7.113 | )) |
= | 2952.864 |
Invested Capital | (Q: Sep. 2024 ) | |||||||||||
= | 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 | )) |
= | 2787.852 | - | 43.722 | - | ( 4.746 | - | max(0, 1205.994 | - | 10.76 | + | 4.746 | )) |
= | 3939.364 |
Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
MSP Recovery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Sep. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Jun. 2024 | Q: Sep. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -334.924 | / | ( ( (5.204 + max(-85.749, 0)) | + | (5.123 + max(-1157.935, 0)) ) | / | 2 ) |
= | -334.924 | / | ( ( 5.204 | + | 5.123 ) | / | 2 ) |
= | -334.924 | / | 5.1635 | ||||
= | -6,486.38 % |
where Working Capital is:
Working Capital | (Q: Jun. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0 | + | 0 | + | 4.739) | - | (33.804 | + | 0 | + | 56.684) |
= | -85.749 |
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (3.1 | + | 0 | + | 1.692) | - | (43.722 | + | 0 | + | 1119.005) |
= | -1157.935 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.
3. Operating Income is also linked to Operating Margin %:
MSP Recovery's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as:
Operating Margin % | = | Operating Income (Q: Sep. 2024 ) | / | Revenue (Q: Sep. 2024 ) |
= | -129.871 | / | 3.668 | |
= | -3,540.65 % |
* 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.
Thank you for viewing the detailed overview of MSP Recovery's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.
John Hasan Ruiz | director, 10 percent owner, officer: Chief Executive Officer | C/O MSP RECOVERY, 2701 S LE JEUNE ROAD, 10TH FLOOR, CORAL GABLES FL 33134-5809 |
Cano Health, Inc. | 10 percent owner | 9725 NW 117TH AVENUE, SUITE 200, MIAMI FL 33178 |
Frank Carlos Quesada | director, 10 percent owner, officer: See Remarks | C/O MSP RECOVERY, 2701 S LE JEUNE ROAD, 10TH FLOOR, CORAL GABLES FL 33134-5809 |
Ricardo Rivera | officer: See Remarks | C/O MSP RECOVERY, 2701 S LE JEUNE ROAD, 10TH FLOOR, CORAL GABLES FL 33134-5809 |
Nomura Securities International Inc | 10 percent owner | WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019 |
Calvin Hamstra | officer: Chief Financial Officer | 2701 S LE JEUNE ROAD, 10TH FLOOR, CORAL GABLES FL 33134-5809 |
Alexandra Marie Plasencia | officer: General Counsel | C/O MSP RECOVERY, 2701 S LE JEUNE ROAD, 10TH FLOOR, CORAL GABLES FL 33134-5809 |
Thomas W Hawkins | director | GERALD STEVENS INC, PO BOX 350526, FORT LAUDERDALE FL 33335-0526 |
Ophir Sternberg | director, 10 percent owner | C/O OPES ACQUISITION CORP., JAVIER BARROS SIERRA 540, OF. 103, MEXICO CITY O5 01210 |
Michael Frederick Arrigo | director | 2701 S LE JEUNE ROAD, 10TH FLOOR, CORAL GABLES FL 33134-5809 |
Nomura Holdings Inc | 10 percent owner | 1-13-1 NIHONBASHI, CHUO-KU, TOKYO M0 103-8645 |
Oliver Spv Holdings Llc | 10 percent owner | 822 OLIVER ST., WOODMERE NY 11598 |
Boris Hirmas | 10 percent owner | 4128 NE 2ND AVENUE, MIAMI FL 33137 |
Jls Equities Llc | 10 percent owner | 58 LARCH HILL ROAD, LAWRENCE NY 11559 |
Jessica Wasserstrom | 10 percent owner | 4128 NE 2ND AVENUE, MIAMI FL 33137 |
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