Motive Television (LSE:MTV) Operating Income : £-10.64 Mil (TTM As of Jun. 2015)

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What is Motive Television Operating Income?

Motive Television's Operating Income for the six months ended in Jun. 2015 was £-0.96 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2015 was £-10.64 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Motive Television's Operating Income for the six months ended in Jun. 2015 was £-0.96 Mil. Motive Television's Revenue for the six months ended in Jun. 2015 was £0.67 Mil. Therefore, Motive Television's Operating Margin % for the quarter that ended in Jun. 2015 was -141.90%.

Warning Sign:

Motive Television PLC operating margin has been in 5-year decline. The average rate of decline per year is %.

Motive Television'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. Motive Television's annualized ROC % for the quarter that ended in Jun. 2015 was -26.14%. Motive Television's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 was -8,756.76%.

Motive Television Operating Income Historical Data

The historical data trend for Motive Television'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.

Motive Television Operating Income Chart

Motive Television Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Operating Income

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-2.30

-2.44

-2.17

-1.86

-10.77

Motive Television Semi-Annual Data
	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Operating Income	Get a 7-Day Free Trial														-0.98	-0.88	-1.09	-9.68	-0.96

Motive Television 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 Jun. 2015 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-10.64 Mil.

Motive Television (LSE:MTV) Operating Income Explanation

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

Motive Television's annualized ROC % for the quarter that ended in Jun. 2015 is calculated as:

	ROC % (Q: Jun. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2014 )	+	Invested Capital (Q: Jun. 2015 ))	/ count )
=	-1.91 * ( 1 - 9.08% )	/	( (6.94	+	6.349)	/ 2 )
=	-1.736572	/	6.6445
=	-26.14 %

where

	Invested Capital		(Q: Dec. 2014 )
=	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	))
=	2.345	-	0.524	-	( 0.596	-	max(0, 6.065	-	0.946	+	0.596	))
=	6.94

	Invested Capital		(Q: Jun. 2015 )
=	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	))
=	2.557	-	1.857	-	( 0.223	-	max(0, 6.551	-	0.902	+	0.223	))
=	6.349

Note: The Operating Income data used here is two times the semi-annual (Jun. 2015) data.

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

Motive Television's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2015 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2015 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2014		Q: Jun. 2015
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.62	/	( ( (0.02 + max(-1.634, 0))	+	(0.017 + max(-1.178, 0)) )	/	2 )
=	-1.62	/	( ( 0.02	+	0.017 )	/	2 )
=	-1.62	/	0.0185
=	-8,756.76 %

where Working Capital is:

	Working Capital		(Q: Dec. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.135	+	0.021	+	0.194)	-	(0.524	+	0	+	1.46)
=	-1.634

	Working Capital		(Q: Jun. 2015 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.093	+	0.586)	-	(1.857	+	0	+	0)
=	-1.178

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2015) EBIT data.

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

Motive Television's Operating Margin % for the quarter that ended in Jun. 2015 is calculated as:

Operating Margin %	=	Operating Income (Q: Jun. 2015 )	/	Revenue (Q: Jun. 2015 )
	=	-0.955	/	0.673
	=	-141.90 %

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.

Motive Television Operating Income Related Terms

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

Motive Television (LSE:MTV) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Motive Television PLC (LSE:MTV) » Definitions » Operating Income

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Address

Website

http://www.motivetelevision.co.uk

Motive Television PLC was incorporated in the United Kingdom on December 22, 2004. The Company along with its subsidiaries is engaged in providing software and services to Television Broadcasters. The Company operates in two segments including; Digital Television Technology and Television Production (Content). The Company's solution offering include Content Express and TabletTV enabling TV providers to offer audiences more, giving them a competitive edge and delivering new revenues. The Content Express enables viewers to watch whatever they want, when they want, on any screen without having to build new networks. The Content Express software provides secure delivery and management of non-linear digital content across any type of broadcast network to any consumer-facing screen. It provides one-stop shop for digital terrestrial broadcasters, satellite, DTT, and cable pay television platforms, and Internet OTT content providers to offer new services including Video on Demand, Catch-up television, Tablet Television, Targeted Advertising for VOD, Mocast for 4G LTE, and Virtual channels and Video2Go. The Tablet TV designed to address the U.S. tablet and smartphone market, meeting the demand for watching long-form video on devices.

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