Draganfly Investments (LSE:DRG) Operating Income: £-0.18 Mil (TTM As of Oct. 2017)

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What is Draganfly Investments Operating Income?

Draganfly Investments LSE:DRG Operating Income is £-0.18 Mil as of Oct. 2017. The stock has 5 warning signs investors should review.

Draganfly Investments's Operating Income for the six months ended in Oct. 2017 was £-0.20 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Oct. 2017 was £-0.18 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Draganfly Investments's Operating Income for the six months ended in Oct. 2017 was £-0.20 Mil. Draganfly Investments's Revenue for the six months ended in Oct. 2017 was £0.00 Mil. Therefore, Draganfly Investments's Operating Margin % for the quarter that ended in Oct. 2017 was %.

Draganfly Investments'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. Draganfly Investments's annualized ROC % for the quarter that ended in Oct. 2017 was -648.39%. Draganfly Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2017 was -812.12%.

Draganfly Investments  (LSE:DRG) Operating Income Explanation

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

Draganfly Investments's annualized ROC % for the quarter that ended in Oct. 2017 is calculated as:

ROC % (Q: Oct. 2017 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Apr. 2017 ) + Invested Capital (Q: Oct. 2017 ))/ count )
=-0.402 * ( 1 - 0% )/( (0.067 + 0.057)/ 2 )
=-0.402/0.062
=-648.39 %

where

Invested Capital(Q: Apr. 2017 )
=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))
=0.068 - 0 - ( 0.001 - max(0, 0.025 - 0.068+0.001))
=0.067

Invested Capital(Q: Oct. 2017 )
=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))
=0.361 - 0.016 - ( 0.288 - max(0, 0.016 - 0.361+0.288))
=0.057

Note: The Operating Income data used here is two times the semi-annual (Oct. 2017) data.

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

Draganfly Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2017 is calculated as:

ROC (Joel Greenblatt) %(Q: Oct. 2017 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2017  Q: Oct. 2017
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.402/( ( (0 + max(0.042, 0)) + (0 + max(0.057, 0)) )/ 2 )
=-0.402/( ( 0.042 + 0.057 )/ 2 )
=-0.402/0.0495
=-812.12 %

where Working Capital is:

Working Capital(Q: Apr. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.067) - (0 + 0 + 0.025)
=0.042

Working Capital(Q: Oct. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.073) - (0.016 + 0 + 0)
=0.057

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Oct. 2017) EBIT data.

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

Draganfly Investments's Operating Margin % for the quarter that ended in Oct. 2017 is calculated as:

Operating Margin %=Operating Income (Q: Oct. 2017 )/Revenue (Q: Oct. 2017 )
=-0.201/0
= %

* 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.

Draganfly Investments Operating Income Related Terms

Draganfly Investments Operating Income Historical Data

* Premium members only.

The historical data trend for Draganfly Investments'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.

Draganfly Investments Operating Income Chart

Draganfly Investments Annual Data
Trend Apr08 Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.02 -0.13 -0.25 -0.08 -0.09

Draganfly Investments Semi-Annual Data
Oct09 Apr10 Oct10 Apr11 Oct11 Apr12 Oct12 Apr13 Oct13 Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17
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 Premium Member Only Premium Member Only Premium Member Only -0.04 -0.04 -0.11 0.02 -0.20

Draganfly Investments 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. 2017 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.18 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of £-0.18 Mil mean?
Draganfly Investments (LSE:DRG) has a Operating Income of £-0.18 Mil as of Oct. 2017. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Draganfly Investments and its competitors.
Is Draganfly Investments' Operating Income too high?
Draganfly Investments' current Operating Income is £-0.18 Mil.
How does Draganfly Investments' Operating Income compare to competitors?
Draganfly Investments' Operating Income of £-0.18 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Asset Management company?
A good Operating Income depends on the Asset Management industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Draganfly Investments and its competitors. Draganfly Investments's current Operating Income is £-0.18 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Draganfly Investments stock overvalued right now?
Draganfly Investments (LSE:DRG) has a current Operating Income of £-0.18 Mil. The current Operating Income is £-0.18 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Draganfly Investments (LSE:DRG), the current Operating Income is £-0.18 Mil as of Oct. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Draganfly Investments Business Description

Draganfly Investments Ltd is a part of the financial services sector in the United Kingdom. The key activities of the company include investment trading and holding a small portfolio of investments. The company's objective is that the funding of investment assets is primarily met from shareholders' funds. Draganfly Investments focus on a wide range of economic sector for investment opportunities.