MRGE (Mirage Energy) Operating Income: $-3.22 Mil (TTM As of Jul. 2021)

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What is Mirage Energy Operating Income?

Mirage Energy MRGE Operating Income is $-3.22 Mil as of Jul. 2021.

Mirage Energy's Operating Income for the three months ended in Jul. 2021 was $-0.26 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jul. 2021 was $-3.22 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Mirage Energy's Operating Income for the three months ended in Jul. 2021 was $-0.26 Mil. Mirage Energy's Revenue for the three months ended in Jul. 2021 was $0.00 Mil. Therefore, Mirage Energy's Operating Margin % for the quarter that ended in Jul. 2021 was %.

Mirage Energy'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. Mirage Energy's annualized ROC % for the quarter that ended in Jul. 2021 was -149.64%. Mirage Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2021 was %.


Mirage Energy  (OTCPK:MRGE) Operating Income Explanation

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

Mirage Energy's annualized ROC % for the quarter that ended in Jul. 2021 is calculated as:

ROC % (Q: Jul. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Apr. 2021 ) + Invested Capital (Q: Jul. 2021 ))/ count )
=-1.052 * ( 1 - 0% )/( (0.982 + 0.424)/ 2 )
=-1.052/0.703
=-149.64 %

where

Note: The Operating Income data used here is four times the quarterly (Jul. 2021) data.

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

Mirage Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Jul. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2021  Q: Jul. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-2.776/( ( (0 + max(-2.796, 0)) + (0 + max(-2.756, 0)) )/ 2 )
=-2.776/( ( 0 + 0 )/ 2 )
=-2.776/0
= %

where Working Capital is:

Working Capital(Q: Apr. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.014) - (2.81 + 0 + 0)
=-2.796

Working Capital(Q: Jul. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.051) - (2.807 + 0 + 0)
=-2.756

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jul. 2021) EBIT data.

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

Mirage Energy's Operating Margin % for the quarter that ended in Jul. 2021 is calculated as:

Operating Margin %=Operating Income (Q: Jul. 2021 )/Revenue (Q: Jul. 2021 )
=-0.263/0
= %

* 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.


Mirage Energy Operating Income Related Terms


Mirage Energy Operating Income Historical Data

* Premium members only.

The historical data trend for Mirage Energy'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.

Mirage Energy Operating Income Chart

Mirage Energy Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21
Operating Income
Get a 7-Day Free Trial -1.39 -1.07 -1.48 -1.03 -3.22

Mirage Energy Quarterly Data
Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21
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 -0.24 -0.54 -0.29 -2.12 -0.26

Mirage Energy 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.22 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 $-3.22 Mil mean?
Mirage Energy (MRGE) has a Operating Income of $-3.22 Mil as of Jul. 2021. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Mirage Energy and its competitors.
Is Mirage Energy's Operating Income too high?
Mirage Energy's current Operating Income is $-3.22 Mil.
How does Mirage Energy's Operating Income compare to EPD and WMB?
Mirage Energy's Operating Income of $-3.22 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Operating Income depends on the Oil & Gas 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 Mirage Energy and its competitors. Mirage Energy's current Operating Income is $-3.22 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mirage Energy stock overvalued right now?
Mirage Energy (MRGE) has a current Operating Income of $-3.22 Mil. The current Operating Income is $-3.22 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 Mirage Energy (MRGE), the current Operating Income is $-3.22 Mil as of Jul. 2021. 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.

Mirage Energy Business Description

Industry EnergyOil & Gas
Address 900 Isom Road, Suite 306, San Antonio, TX, USA, 78216
Mirage Energy Corp develops an integrated natural gas transportation and storage facility in Mexico and the United States. The natural gas will be exported from the United States by pipeline to the Mexican storage unit for later distribution throughout Mexico.