Max Sound (Max Sound) Operating Income : $-0.43 Mil (TTM As of Jun. 2022)

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What is Max Sound Operating Income?

Max Sound's Operating Income for the three months ended in Jun. 2022 was $-0.09 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2022 was $-0.43 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Max Sound's Operating Income for the three months ended in Jun. 2022 was $-0.09 Mil. Max Sound's Revenue for the three months ended in Jun. 2022 was $0.00 Mil. Therefore, Max Sound's Operating Margin % for the quarter that ended in Jun. 2022 was %.

Max Sound'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. Max Sound's annualized ROC % for the quarter that ended in Jun. 2022 was -5.71%. Max Sound's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was %.

Max Sound Operating Income Historical Data

The historical data trend for Max Sound'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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Max Sound Operating Income Chart

Max Sound Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Operating Income

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-1.92

-1.48

-0.62

-0.49

-0.38

Max Sound Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Operating Income	Get a 7-Day Free Trial															-0.32	-0.09	-0.12	-0.13	-0.09

Max Sound 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.43 Mil.

Max Sound (OTCPK:MAXD) Operating Income Explanation

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

Max Sound's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:

	ROC % (Q: Jun. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2022 )	+	Invested Capital (Q: Jun. 2022 ))	/ count )
=	-0.356 * ( 1 - 0% )	/	( (6.332	+	6.127)	/ 2 )
=	-0.356	/	6.2295
=	-5.71 %

where

	Invested Capital		(Q: Mar. 2022 )
=	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	-	7.817	-	( 0	-	max(0, 14.149	-	0	+	0	))
=	6.332

	Invested Capital		(Q: Jun. 2022 )
=	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	-	8.148	-	( 0	-	max(0, 14.275	-	0	+	0	))
=	6.127

Note: The Operating Income data used here is four times the quarterly (Jun. 2022) data.

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

Max Sound's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2022		Q: Jun. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.356	/	( ( (0 + max(-7.816, 0))	+	(0 + max(-8.148, 0)) )	/	1 )
=	-0.356	/	( ( 0	+	0 )	/	1 )
=	-0.356	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(7.817	+	0	+	-0.0010000000000012)
=	-7.816

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(8.148	+	0	+	1.7763568394003E-15)
=	-8.148

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2022) EBIT data.

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

Max Sound's Operating Margin % for the quarter that ended in Jun. 2022 is calculated as:

Operating Margin %	=	Operating Income (Q: Jun. 2022 )	/	Revenue (Q: Jun. 2022 )
	=	-0.089	/	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.

Max Sound Operating Income Related Terms

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Max Sound (Max Sound) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Max Sound Corp (OTCPK:MAXD) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

3525 Del Mar Heights Road, Suite 802, San Diego, CA, USA, 92130

Website

https://www.maxd.audio

Max Sound Corp sells, and licenses products and services based on its patent MAX-D HD Audio Technology for sound recording and playback that improves the listener's experience. The MAXD-D HD Audio Technology converts audio files into high definition for better sound without increasing the file size. Its products and services are provided to various markets including motion picture, music recording, video game, broadcasting, internet video and audio, automobile infotainment systems and consumer electronics. The company derives its revenue by licensing its MAX-D technology.

Executives

John Blaisure	director, 10 percent owner, officer: Chief Executive Officer	6450 TORREYANNA CIRCLE, CARLSBAD CA 92011
Lloyd Trammell	10 percent owner, officer: Chief Technical Officer	12323 STEEPLE LANE, HOUSTON TX 77039
Gregory J. Halpern	director, 10 percent owner, officer: CEO, CFO, PAO	5715 WILL CLAYTON PARKWAY, #6572, HUMBLE TX 77338