MRIB (Marani Brands) Operating Income: $3.13 Mil (TTM As of Mar. 2010)

What is Marani Brands Operating Income?

Marani Brands MRIB -95.00% Operating Income is $3.13 Mil as of Mar. 2010.

Marani Brands's Operating Income for the three months ended in Mar. 2010 was $-0.50 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2010 was $3.13 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Marani Brands's Operating Income for the three months ended in Mar. 2010 was $-0.50 Mil. Marani Brands's Revenue for the three months ended in Mar. 2010 was $0.03 Mil. Therefore, Marani Brands's Operating Margin % for the quarter that ended in Mar. 2010 was -1,930.77%.

Marani Brands'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. Marani Brands's annualized ROC % for the quarter that ended in Mar. 2010 was -111.00%. Marani Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2010 was %.

Marani Brands (OTCPK:MRIB) Operating Income Explanation

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

Marani Brands's annualized ROC % for the quarter that ended in Mar. 2010 is calculated as:

	ROC % (Q: Mar. 2010 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2009 )	+	Invested Capital (Q: Mar. 2010 ))	/ count )
=	-2.008 * ( 1 - 0% )	/	( (1.757	+	1.861)	/ 2 )
=	-2.008	/	1.809
=	-111.00 %

where

	Invested Capital		(Q: Dec. 2009 )
=	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	))
=	1.327	-	1.16	-	( 1.089	-	max(0, 2.907	-	1.317	+	1.089	))
=	1.757

	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	))
=	1.138	-	1.337	-	( 1.021	-	max(0, 3.188	-	1.128	+	1.021	))
=	1.861

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

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

Marani Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2010 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2010 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2009		Q: Mar. 2010
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.148	/	( ( (0 + max(-1.025, 0))	+	(0 + max(-1.36, 0)) )	/	2 )
=	-2.148	/	( ( 0	+	0 )	/	2 )
=	-2.148	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2009 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.064	+	0.088	+	0.076)	-	(1.16	+	0	+	0.093)
=	-1.025

	Working Capital		(Q: Mar. 2010 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.038	+	0.032	+	0.037)	-	(1.337	+	0	+	0.13)
=	-1.36

When net working capital is negative, 0 is used.

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

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

Marani Brands's Operating Margin % for the quarter that ended in Mar. 2010 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2010 )	/	Revenue (Q: Mar. 2010 )
	=	-0.502	/	0.026
	=	-1,930.77 %

* 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.

Marani Brands Operating Income Related Terms

Marani Brands Operating Income Historical Data

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The historical data trend for Marani Brands's Operating Income can be seen below:

Marani Brands Operating Income Chart

Marani Brands Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Operating Income

-1.30

-0.49

-3.39

-6.37

Marani Brands Quarterly Data
	Mar05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10
Operating Income	Get a 7-Day Free Trial															-0.67	-1.55	0.23	4.95	-0.50

Marani Brands 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. 2010 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.13 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $3.13 Mil mean?

Marani Brands (MRIB) has a Operating Income of $3.13 Mil as of Mar. 2010. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Marani Brands and its competitors.

Is Marani Brands' Operating Income too high?

Marani Brands' current Operating Income is $3.13 Mil.

How does Marani Brands' Operating Income compare to USNU and ATMS?

Marani Brands' Operating Income of $3.13 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?

A good Operating Income depends on the Retail - Cyclical 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 Marani Brands and its competitors. Marani Brands's current Operating Income is $3.13 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Marani Brands stock overvalued right now?

Marani Brands (MRIB) has a current Operating Income of $3.13 Mil. The current Operating Income is $3.13 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 Marani Brands (MRIB), the current Operating Income is $3.13 Mil as of Mar. 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.

Marani Brands Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies USNU ATMS SPIN LMNK BRRZF WNDM AGHEF PFHO CAMDF QNIIF BNKL SSY HPHW AMS BICX MIHI ADPTQ FCHS CCEL JYNT

Address 12591 Red Hill Avenue, Suite 1A, Tustin, CA, USA, 92780

Website http://www.maranispirit.com

Marani Brands Inc is engaged in the business of distribution of wine and spirit products manufactured in Armenia.