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Modiv Industrial (Modiv Industrial) Operating Income : $9.05 Mil (TTM As of Mar. 2024)


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What is Modiv Industrial Operating Income?

Modiv Industrial's Operating Income for the three months ended in Mar. 2024 was $3.41 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $9.05 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Modiv Industrial's Operating Income for the three months ended in Mar. 2024 was $3.41 Mil. Modiv Industrial's Revenue for the three months ended in Mar. 2024 was $11.90 Mil. Therefore, Modiv Industrial's Operating Margin % for the quarter that ended in Mar. 2024 was 28.61%.

Modiv Industrial'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. Modiv Industrial's annualized ROC % for the quarter that ended in Mar. 2024 was 1.83%. Modiv Industrial's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 397.29%.


Modiv Industrial Operating Income Historical Data

The historical data trend for Modiv Industrial'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.

Modiv Industrial Operating Income Chart

Modiv Industrial Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
2.67 3.45 3.28 12.13 8.41

Modiv Industrial Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.76 4.09 -3.08 4.63 3.41

Modiv Industrial 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.05 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.


Modiv Industrial  (NYSE:MDV) Operating Income Explanation

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

Modiv Industrial's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=13.62 * ( 1 - 0% )/( (752.33 + 737.729)/ 2 )
=13.62/745.0295
=1.83 %

where

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

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

Modiv Industrial's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=38.352/( ( (1.352 + max(7.75, 0)) + (1.352 + max(8.853, 0)) )/ 2 )
=38.352/( ( 9.102 + 10.205 )/ 2 )
=38.352/9.6535
=397.29 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12.795 + 11.661 + -3.5527136788005E-15) - (14.299 + 2.159 + 0.24799999999999)
=7.75

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(14.558 + 0 + 0) - (3.807 + 1.428 + 0.47000000000003)
=8.853

When net working capital is negative, 0 is used.

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

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

Modiv Industrial's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=3.405/11.901
=28.61 %

* 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.


Modiv Industrial Operating Income Related Terms

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Modiv Industrial (Modiv Industrial) Business Description

Traded in Other Exchanges
N/A
Address
200 S. Virginia Street, Suite 800, Reno, NV, USA, 89501
Modiv Industrial Inc Formerly Modiv Inc is a pioneer in the direct-to-consumer commercial real estate product industry. It provides individual investors access to real estate and real estate-related investments designed to provide both income and long-term growth. The Company has invested in single-tenant income-producing properties. All of the company's consolidated revenues are derived from company's consolidated real estate properties.
Executives
Aaron Scott Halfacre officer: CEO 2100 REXFORD ROAD, SUITE 300, CHARLOTTE NC 28211
Nolan Thomas H Jr director 14631 NORTH SCOTTSDALE RD, SUITE 200, SCOTTSDALE AZ 85254
Kimberly J Smith director 2325 E CAMELBACK RD, SUITE 1100, PHOENIX AZ 85016
Raymond J Pacini officer: CFO 550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Adam Scott Markman director TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Tirondola Connie director 14 DAYDREAM LN, ANDOVER NJ 07821
Asma Ishaq director 120 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Curtis B Mcwilliams director 450 SOUTH ORANGE AVENUE, ORLANDO FL 32801
Group Of Trophy, Llc 10 percent owner 21140 S. AVALON BLVD, CARSON CA 90745
Joe F Hanauer director 361 FOREST AVE, LAGUNA BEACH CA 92651
Sandra G Sciutto officer: CAO 6 EXECUTIVE CIRCLE, SUITE 250, IRVINE CA 92614
David Perduk officer: CIO PO BOX 1705, LAGUNA BEACH CA 92652
John Harold Davis officer: CFO 3090 BRISTOL STREET, SUITE 550, COSTA MESA CA 92626
Jeffrey Randolph other: Trust Manager 3080 BRISTOL STREET, SUITE 550, COSTA MESA CA 92626
John C Wang director