PPJE (PPJ Healthcare Enterprises) Operating Income: $0.12 Mil (TTM As of Dec. 2009)

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What is PPJ Healthcare Enterprises Operating Income?

PPJ Healthcare Enterprises PPJE -98.00% Operating Income is $0.12 Mil as of Dec. 2009.

PPJ Healthcare Enterprises's Operating Income for the six months ended in Dec. 2009 was $0.12 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2009 was $0.12 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. PPJ Healthcare Enterprises's Operating Income for the six months ended in Dec. 2009 was $0.12 Mil. PPJ Healthcare Enterprises's Revenue for the six months ended in Dec. 2009 was $0.15 Mil. Therefore, PPJ Healthcare Enterprises's Operating Margin % for the quarter that ended in Dec. 2009 was 81.58%.

PPJ Healthcare Enterprises'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. PPJ Healthcare Enterprises's annualized ROC % for the quarter that ended in Dec. 2009 was 1.86%. PPJ Healthcare Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2009 was 393.65%.

PPJ Healthcare Enterprises  (OTCPK:PPJE) Operating Income Explanation

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

PPJ Healthcare Enterprises's annualized ROC % for the quarter that ended in Dec. 2009 is calculated as:

ROC % (Q: Dec. 2009 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2008 ) + Invested Capital (Q: Dec. 2009 ))/ count )
=0.124 * ( 1 - 0% )/( (6.632 + 6.73)/ 2 )
=0.124/6.681
=1.86 %

where

Invested Capital(Q: Dec. 2008 )
=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))
=4.754 - 1.087 - ( 0 - max(0, 3.18 - 0.215+0))
=6.632

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))
=5.443 - 1.122 - ( 0 - max(0, 2.848 - 0.439+0))
=6.73

Note: The Operating Income data used here is one times the annual (Dec. 2009) data.

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

PPJ Healthcare Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2009 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2009 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2008  Q: Dec. 2009
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.124/( ( (0.03 + max(-2.965, 0)) + (0.033 + max(-2.407, 0)) )/ 2 )
=0.124/( ( 0.03 + 0.033 )/ 2 )
=0.124/0.0315
=393.65 %

where Working Capital is:

Working Capital(Q: Dec. 2008 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.165 + 0.05 + 0) - (1.087 + 0 + 2.093)
=-2.965

Working Capital(Q: Dec. 2009 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.384 + 0.055 + 0) - (1.122 + 0 + 1.724)
=-2.407

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2009) EBIT data.

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

PPJ Healthcare Enterprises's Operating Margin % for the quarter that ended in Dec. 2009 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2009 )/Revenue (Q: Dec. 2009 )
=0.124/0.152
=81.58 %

* 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.

PPJ Healthcare Enterprises Operating Income Related Terms

PPJ Healthcare Enterprises Operating Income Historical Data

* Premium members only.

The historical data trend for PPJ Healthcare Enterprises'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.

PPJ Healthcare Enterprises Operating Income Chart

PPJ Healthcare Enterprises Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09
Operating Income
Get a 7-Day Free Trial -1.18 0.00 0.00 0.00 0.12

PPJ Healthcare Enterprises Semi-Annual Data
Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09
Operating Income Get a 7-Day Free Trial -1.18 0.00 0.00 0.00 0.12

PPJ Healthcare Enterprises 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Operating Income for the trailing twelve months (TTM) ended in Dec. 2009 was $0.12 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 $0.12 Mil mean?
PPJ Healthcare Enterprises (PPJE) has a Operating Income of $0.12 Mil as of Dec. 2009. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on PPJ Healthcare Enterprises and its competitors.
Is PPJ Healthcare Enterprises' Operating Income too high?
PPJ Healthcare Enterprises' current Operating Income is $0.12 Mil.
How does PPJ Healthcare Enterprises' Operating Income compare to LOGQ and MDFI?
PPJ Healthcare Enterprises' Operating Income of $0.12 Mil can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Operating Income depends on the Healthcare Providers & Services 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 PPJ Healthcare Enterprises and its competitors. PPJ Healthcare Enterprises's current Operating Income is $0.12 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PPJ Healthcare Enterprises stock overvalued right now?
PPJ Healthcare Enterprises (PPJE) has a current Operating Income of $0.12 Mil. The current Operating Income is $0.12 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 PPJ Healthcare Enterprises (PPJE), the current Operating Income is $0.12 Mil as of Dec. 2009. 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.

PPJ Healthcare Enterprises Business Description

Address 402 Jackson Street, Suite 2340, Tampa, FL, USA, 33602
PPJ Healthcare Enterprises Inc engages in joint venturing with doctors in setting up new practices, marketing, and management of pain management practices and blood culture labs. The company also engages in the development and testing of medical marijuana, medical cannabis products, and medical billing specialties in anesthesiology. The projects of the company include automated biller, medical billing service, pain management center, and Lab testing.