MLMN (Millennium Prime) Operating Income: $-33.38 Mil (TTM As of Jun. 2010)


What is Millennium Prime Operating Income?

Millennium Prime MLMN Operating Income is $-33.38 Mil as of Jun. 2010.

Millennium Prime's Operating Income for the three months ended in Jun. 2010 was $-32.19 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2010 was $-33.38 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Millennium Prime's Operating Income for the three months ended in Jun. 2010 was $-32.19 Mil. Millennium Prime's Revenue for the three months ended in Jun. 2010 was $0.00 Mil. Therefore, Millennium Prime's Operating Margin % for the quarter that ended in Jun. 2010 was %.

Millennium Prime'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. Millennium Prime's annualized ROC % for the quarter that ended in Jun. 2010 was -8,433.01%. Millennium Prime's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2010 was %.

Millennium Prime  (OTCPK:MLMN) Operating Income Explanation

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

Millennium Prime's annualized ROC % for the quarter that ended in Jun. 2010 is calculated as:

ROC % (Q: Jun. 2010 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2010 ) + Invested Capital (Q: Jun. 2010 ))/ count )
=-128.772 * ( 1 - 0% )/( (1.967 + 1.087)/ 2 )
=-128.772/1.527
=-8,433.01 %

where

Invested Capital(Q: Mar. 2010 )
=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))
=0.093 - 0.852 - ( 0.093 - max(0, 2.819 - 0.093+0.093))
=1.967

Invested Capital(Q: Jun. 2010 )
=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 - 0.778 - ( 0 - max(0, 1.865 - 0+0))
=1.087

Note: The Operating Income data used here is four times the quarterly (Jun. 2010) data.

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

Millennium Prime's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2010 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2010 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2010  Q: Jun. 2010
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-128.932/( ( (0 + max(-1.684, 0)) + (0 + max(-1.009, 0)) )/ 1 )
=-128.932/( ( 0 + 0 )/ 1 )
=-128.932/0
= %

where Working Capital is:

Working Capital(Q: Mar. 2010 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.852 + 0 + 0.832)
=-1.684

Working Capital(Q: Jun. 2010 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.778 + 0 + 0.231)
=-1.009

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2010) EBIT data.

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

Millennium Prime's Operating Margin % for the quarter that ended in Jun. 2010 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2010 )/Revenue (Q: Jun. 2010 )
=-32.193/0
= %

* 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.

Millennium Prime Operating Income Related Terms

Millennium Prime Operating Income Historical Data

* Premium members only.

The historical data trend for Millennium Prime'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.

Millennium Prime Operating Income Chart

Millennium Prime Annual Data
Trend Sep00 Sep01 Sep02 Sep03 Sep04 Sep05 Sep06 Sep07 Sep08 Sep09
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.08 -0.27 -0.06 -0.03 -0.30

Millennium Prime Quarterly Data
Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10
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 -0.09 -0.15 -0.61 -0.42 -32.19

Millennium Prime 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. 2010 adds up the quarterly data reported by the company within the most recent 12 months, which was $-33.38 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 $-33.38 Mil mean?
Millennium Prime (MLMN) has a Operating Income of $-33.38 Mil as of Jun. 2010. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Millennium Prime and its competitors.
Is Millennium Prime's Operating Income too high?
Millennium Prime's current Operating Income is $-33.38 Mil.
How does Millennium Prime's Operating Income compare to MLFB and BTDG?
Millennium Prime's Operating Income of $-33.38 Mil can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good Operating Income depends on the Beverages - Alcoholic 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 Millennium Prime and its competitors. Millennium Prime's current Operating Income is $-33.38 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millennium Prime stock overvalued right now?
Millennium Prime (MLMN) has a current Operating Income of $-33.38 Mil. The current Operating Income is $-33.38 Mil. 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 Millennium Prime (MLMN), the current Operating Income is $-33.38 Mil as of Jun. 2010. 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.

Millennium Prime Business Description

Address 6538 Collins Avenue, Suite 382, Miami Beach, FL, USA, 33141
Millennium Prime Inc develops superior lifestyle innovations for the millennial generation. The company's focus is on marketing products for the beverage, apparel, and entertainment categories, where it can achieve a clear and authentic market position by targeting consumers who live a lifestyle filled with high style, artistic edge, and a demand for the products. Through its subsidiary, the company functions as an importer and distributor of alcohol products, including Bong Spirit's Super Premium Vodka, which has an exclusive bong-shaped bottle.