Former BL Stores (LTS:0HN5) Operating Income: $-624 Mil (TTM As of Jul. 2024)

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LTS:0HN5 Former BL Stores Inc LTS:0HN5
12 GF Score
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What is Former BL Stores Operating Income?

Former BL Stores LTS:0HN5 12 Operating Income is $-624 Mil as of Jul. 2024. GuruFocus rates LTS:0HN5 with a GF Score™ of 12/100.

Former BL Stores's Operating Income for the three months ended in Jul. 2024 was $-222 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jul. 2024 was $-624 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Former BL Stores's Operating Income for the three months ended in Jul. 2024 was $-222 Mil. Former BL Stores's Revenue for the three months ended in Jul. 2024 was $1,047 Mil. Therefore, Former BL Stores's Operating Margin % for the quarter that ended in Jul. 2024 was -21.19%.

Former BL Stores'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. Former BL Stores's annualized ROC % for the quarter that ended in Jul. 2024 was -32.78%. Former BL Stores's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was -36.48%.


Former BL Stores  (LTS:0HN5) Operating Income Explanation

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

Former BL Stores's annualized ROC % for the quarter that ended in Jul. 2024 is calculated as:

ROC % (Q: Jul. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Apr. 2024 ) + Invested Capital (Q: Jul. 2024 ))/ count )
=-887.252 * ( 1 - 0% )/( (2630.344 + 2782.739)/ 2 )
=-887.252/2706.5415
=-32.78 %

where

Invested Capital(Q: Apr. 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))
=3178.342 - 504.013 - ( 43.985 - max(0, 772.418 - 1076.12+43.985))
=2630.344

Invested Capital(Q: Jul. 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))
=2917.843 - 484.841 - ( 53.48 - max(0, 1327.276 - 977.539+53.48))
=2782.739

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

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

Former BL Stores's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jul. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2024  Q: Jul. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-887.244/( ( (2059.796 + max(496.558, 0)) + (1898.026 + max(409.369, 0)) )/ 2 )
=-887.244/( ( 2556.354 + 2307.395 )/ 2 )
=-887.244/2431.8745
=-36.48 %

where Working Capital is:

Working Capital(Q: Apr. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 949.899 + 82.236) - (504.013 + 0 + 31.564)
=496.558

Working Capital(Q: Jul. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 837.275 + 86.784) - (484.841 + 0 + 29.849)
=409.369

When net working capital is negative, 0 is used.

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

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

Former BL Stores's Operating Margin % for the quarter that ended in Jul. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Jul. 2024 )/Revenue (Q: Jul. 2024 )
=-221.813/1046.552
=-21.19 %

* 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.


Former BL Stores Operating Income Related Terms


Former BL Stores Operating Income Historical Data

* Premium members only.

The historical data trend for Former BL Stores'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.

Former BL Stores Operating Income Chart

Former BL Stores Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 156.29 393.50 238.82 -281.69 -599.82

Former BL Stores Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 Premium Member Only Premium Member Only Premium Member Only -125.48 -185.04 -24.32 -192.86 -221.81
LTS:0HN5
12GF Score
Former BL Stores Inc LTS:0HN5
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Former BL Stores 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 Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-624 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 $-624 Mil mean?
Former BL Stores (LTS:0HN5) has a Operating Income of $-624 Mil as of Jul. 2024. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Former BL Stores and its competitors.
Is Former BL Stores' Operating Income too high?
Former BL Stores' current Operating Income is $-624 Mil. Overall, Former BL Stores has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Former BL Stores' Operating Income compare to WMT and COST?
Former BL Stores' Operating Income of $-624 Mil can be compared against companies in the Retail - Defensive 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 a Retail - Defensive company?
A good Operating Income depends on the Retail - Defensive 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 Former BL Stores and its competitors. Former BL Stores's current Operating Income is $-624 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Former BL Stores stock overvalued right now?
Former BL Stores (LTS:0HN5) has a current Operating Income of $-624 Mil. The current Operating Income is $-624 Mil. Former BL Stores' overall GF Score™ is 12/100. 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 Former BL Stores (LTS:0HN5), the current Operating Income is $-624 Mil as of Jul. 2024. 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.

Former BL Stores Business Description

Address 4900 East Dublin-Granville Road, Columbus, OH, USA, 43081
Former BL Stores Inc, formerly Big Lots Inc is principally engaged in operating discount retail stores. The company provides a broad range of merchandise, including food, consumables, soft home products, hard home products, furniture, electronics and accessories, and seasonal products. The company sources the merchandise from traditional and close-out channels. In addition to merchandise, the company sells gift cards, issues merchandise credits, and more. The company operates stores throughout the United States, with around one-third of its stores in California, Texas, Ohio, and Florida.
12GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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