PLLVF (Palladon Ventures) Operating Income: $-0.26 Mil (TTM As of Nov. 2014)

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What is Palladon Ventures Operating Income?

Palladon Ventures PLLVF Operating Income is $-0.26 Mil as of Nov. 2014.

Palladon Ventures's Operating Income for the three months ended in Nov. 2014 was $-0.05 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Nov. 2014 was $-0.26 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Palladon Ventures's Operating Income for the three months ended in Nov. 2014 was $-0.05 Mil. Palladon Ventures's Revenue for the three months ended in Nov. 2014 was $0.00 Mil. Therefore, Palladon Ventures's Operating Margin % for the quarter that ended in Nov. 2014 was %.

Palladon Ventures'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. Palladon Ventures's annualized ROC % for the quarter that ended in Nov. 2014 was -7.25%. Palladon Ventures's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2014 was %.

Palladon Ventures (OTCPK:PLLVF) Operating Income Explanation

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

Palladon Ventures's annualized ROC % for the quarter that ended in Nov. 2014 is calculated as:

	ROC % (Q: Nov. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Aug. 2014 )	+	Invested Capital (Q: Nov. 2014 ))	/ count )
=	-0.204 * ( 1 - 0% )	/	( (2.869	+	2.755)	/ 2 )
=	-0.204	/	2.812
=	-7.25 %

where

	Invested Capital		(Q: Aug. 2014 )
=	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	))
=	2.801	-	0.602	-	( 0.076	-	max(0, 0.751	-	0.081	+	0.076	))
=	2.869

	Invested Capital		(Q: Nov. 2014 )
=	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	))
=	2.659	-	0.591	-	( 0.045	-	max(0, 0.742	-	0.055	+	0.045	))
=	2.755

Note: The Operating Income data used here is four times the quarterly (Nov. 2014) data.

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

Palladon Ventures's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2014 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Nov. 2014 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Aug. 2014		Q: Nov. 2014
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.204	/	( ( (0 + max(-0.751, 0))	+	(0 + max(-0.591, 0)) )	/	2 )
=	-0.204	/	( ( 0	+	0 )	/	2 )
=	-0.204	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Aug. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.602	+	0	+	0.149)
=	-0.751

	Working Capital		(Q: Nov. 2014 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.591	+	0	+	0)
=	-0.591

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Nov. 2014) EBIT data.

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

Palladon Ventures's Operating Margin % for the quarter that ended in Nov. 2014 is calculated as:

Operating Margin %	=	Operating Income (Q: Nov. 2014 )	/	Revenue (Q: Nov. 2014 )
	=	-0.051	/	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.

Palladon Ventures Operating Income Related Terms

Palladon Ventures Operating Income Historical Data

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The historical data trend for Palladon Ventures's Operating Income can be seen below:

Palladon Ventures Operating Income Chart

Palladon Ventures Annual Data

Trend

Feb05

Feb06

Feb07

Feb08

Feb09

Feb10

Feb11

Feb12

Feb13

Feb14

Operating Income

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-3.51

-0.67

-0.72

-0.29

-0.28

Palladon Ventures Quarterly Data
	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14
Operating Income	Get a 7-Day Free Trial															-0.05	-0.09	-0.05	-0.07	-0.05

Palladon Ventures 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 Nov. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.26 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $-0.26 Mil mean?

Palladon Ventures (PLLVF) has a Operating Income of $-0.26 Mil as of Nov. 2014. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Palladon Ventures and its competitors.

Is Palladon Ventures' Operating Income too high?

Palladon Ventures' current Operating Income is $-0.26 Mil.

How does Palladon Ventures' Operating Income compare to DWSGF and AUXRF?

Palladon Ventures' Operating Income of $-0.26 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?

A good Operating Income depends on the Metals & Mining 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 Palladon Ventures and its competitors. Palladon Ventures's current Operating Income is $-0.26 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Palladon Ventures stock overvalued right now?

Palladon Ventures (PLLVF) has a current Operating Income of $-0.26 Mil. The current Operating Income is $-0.26 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 Palladon Ventures (PLLVF), the current Operating Income is $-0.26 Mil as of Nov. 2014. 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.

Palladon Ventures Business Description

Industry Basic Materials Metals & Mining

Comparable Companies DWSGF AUXRF NEBUF SWIXF GLHRF YHDT WDFCD TAJIF PHIXF JODRF VDMRF GOLDF SUIFD PLORF LMLLF FLMTF BRVVF SMGI MGYFF DCGCF

Address Praesideo Management, 1590 West Park Circle, Suite 100, Pleasant View, UT, USA, 84404-6922

Website http://www.palladonventures.com

Palladon Ventures Ltd, through its subsidiary, is engaged in the business of mining iron ore and producing iron concentrate from a mine located in southwest Utah, United States.