MoneyGram International (MoneyGram International) Operating Income : $95 Mil (TTM As of Mar. 2023)

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What is MoneyGram International Operating Income?

MoneyGram International's Operating Income for the three months ended in Mar. 2023 was $20 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2023 was $95 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. MoneyGram International's Operating Income for the three months ended in Mar. 2023 was $20 Mil. MoneyGram International's Revenue for the three months ended in Mar. 2023 was $338 Mil. Therefore, MoneyGram International's Operating Margin % for the quarter that ended in Mar. 2023 was 5.84%.

Good Sign:

MoneyGram International Inc operating margin is expanding. Margin expansion is usually a good sign.

MoneyGram International's 5-Year average Growth Rate for Operating Margin % was 55.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MoneyGram International's annualized ROC % for the quarter that ended in Mar. 2023 was 6.62%. MoneyGram International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 7.10%.

MoneyGram International Operating Income Historical Data

The historical data trend for MoneyGram International'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.

MoneyGram International Operating Income Chart

MoneyGram International Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Operating Income

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18.50

52.00

103.00

73.70

93.20

MoneyGram International Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Operating Income	Get a 7-Day Free Trial															17.90	17.10	23.10	35.10	19.70

MoneyGram International 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $95 Mil.

MoneyGram International (NAS:MGI) Operating Income Explanation

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

MoneyGram International's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	78.8 * ( 1 - -35.14% )	/	( (1673.2	+	1543.8)	/ 2 )
=	106.49032	/	1608.5
=	6.62 %

where

	Invested Capital		(Q: Dec. 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	))
=	4505.2	-	159.7	-	( 2672.3	-	max(0, 159.7	-	3779.3	+	2672.3	))
=	1673.2

	Invested Capital		(Q: Mar. 2023 )
=	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	))
=	4135.5	-	144.9	-	( 2446.8	-	max(0, 144.9	-	3388.9	+	2446.8	))
=	1543.8

Note: The Operating Income data used here is four times the quarterly (Mar. 2023) data.

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

MoneyGram International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	74.8	/	( ( (177 + max(947.3, 0))	+	(185 + max(797.2, 0)) )	/	2 )
=	74.8	/	( ( 1124.3	+	982.2 )	/	2 )
=	74.8	/	1053.25
=	7.10 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1107	+	0	+	0)	-	(159.7	+	0	+	0)
=	947.3

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(942.1	+	0	+	0)	-	(144.9	+	0	+	0)
=	797.2

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

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

MoneyGram International's Operating Margin % for the quarter that ended in Mar. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	19.7	/	337.5
	=	5.84 %

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.

MoneyGram International Operating Income Related Terms

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

MoneyGram International (MoneyGram International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » MoneyGram International Inc (NAS:MGI) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

2828 North Harwood Street, 15th Floor, Dallas, TX, USA, 75201

Website

https://www.moneygram.com

MoneyGram International Inc offers products and services under its two reporting segments; Global Funds Transfer, which is the core revenue generator, and Financial Paper Products. The Global Funds Transfer segment provides global money transfer services and bill payment services to consumers. It primarily offers services through third-party agents, including retail chains, independent retailers, post offices and other financial institutions. The company also offer Digital solutions such as moneygram.com, mobile solutions, account deposit and kiosk-based services. The Financial Paper Products segment provides official check outsourcing services and money orders through financial institutions and agent locations. The group operates in the United States and other countries.

Executives

Robert L Villasenor	officer: GC, Corp Sec and CAO	2828 N. HARWOOD STREET, 15TH FLOOR, DALLAS TX 75201
Chris H. Russell	officer: Chief Accounting Officer	15710 JOHN F. KENNEDY BLVD., SUITE 300, HOUSOTN TX 77032
Julie Silcock	director
Adrianna E. Greenwald	officer: Chief Readiness Officer	2828 N. HARWOOD ST., 15TH FLOOR, DALLAS TX 75201
Alka Gupta	director	2828 N. HARWOOD STREET, 15TH FLOOR, DALLAS TX 75201
Francisco Lorca	director	2828 N. HARWOOD STREET, 15TH FLOOR, DALLAS TX 75201
Brian Johnson	officer: Chief Financial Officer	2828 NORTH HARWOOD ST, 15TH FLOOR, DALLAS TX 75201
Andres Villareal	officer: SVP Chief Compliance Officer	2828 N. HARWOOD STREET, 15TH FLOOR, DALLAS TX 75201
Lawrence Angelilli	officer: EVP Chief Financial Officer	2828 N. HARWOOD STREET, 15TH FLOOR, DALLAS TX 75201
Peggy Vaughan	director	2828 NORTH HARVARD STREET, 15TH FLOOR, DALLAS TX 75201
Grant A. Lines	officer: EVP Business Development	2828 NORTH HARWOOD STREET, 15TH FLOOR, DALLAS TX 75201
W Bruce Turner	director	3773 HOWARD HUGHES PKWY, SUITE 490 SOUTH, LAS VAGAS NV 89109
Michael P Rafferty	director	12700 PARK CENTRAL DRIVE SUITE 1700, DALLAS TX 75251
W. Alexander Holmes	director, officer: CEO	2828 NORTH HARWOOD STREET, 15TH FLOOR, DALLAS TX 75201
Antonio O Garza	director	500 W. ILLINOIS, SUITE 100, MIDLAND TX 79701