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Parks! America's Operating Income for the three months ended in Sep. 2024 was $0.33 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was $0.61 Mil.
Operating Margin % is calculated as Operating Income divided by its Revenue. Parks! America's Operating Income for the three months ended in Sep. 2024 was $0.33 Mil. Parks! America's Revenue for the three months ended in Sep. 2024 was $2.61 Mil. Therefore, Parks! America's Operating Margin % for the quarter that ended in Sep. 2024 was 12.73%.
Warning Sign:
Parks! America Inc operating margin has been in a 5-year decline. The average rate of decline per year is -35.8%.
Parks! America's 5-Year average Growth Rate for Operating Margin % was -35.80% per year.
Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Parks! America's annualized ROC % for the quarter that ended in Sep. 2024 was 6.81%. Parks! America's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 9.00%.
The historical data trend for Parks! America'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.
Parks! America Annual Data | |||||||||||||||||||||
Trend | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | Sep24 | |||||||||||
Operating Income | Get a 7-Day Free Trial | 3.85 | 3.85 | 1.29 | 0.26 | 0.74 |
Parks! America Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Operating Income | Get a 7-Day Free Trial | 0.42 | -0.44 | -0.14 | 0.87 | 0.33 |
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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.61 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.
Parks! America (OTCPK:PRKA) Operating Income Explanation
1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Parks! America's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:
ROC % (Q: Sep. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Jun. 2024 ) | + | Invested Capital (Q: Sep. 2024 )) | / count ) |
= | 1.328 * ( 1 - 17.86% ) | / | ( (15.918 | + | 16.109) | / 2 ) |
= | 1.0908192 | / | 16.0135 | |||
= | 6.81 % |
where
Invested Capital | (Q: Jun. 2024 ) | |||||||||||
= | 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 | )) |
= | 19.006 | - | 1.157 | - | ( 2.852 | - | max(0, 2.173 | - | 4.104 | + | 2.852 | )) |
= | 15.918 |
Invested Capital | (Q: Sep. 2024 ) | |||||||||||
= | 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 | )) |
= | 19.194 | - | 1.486 | - | ( 3.324 | - | max(0, 2.558 | - | 4.157 | + | 3.324 | )) |
= | 16.109 |
Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
Parks! America's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Sep. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Jun. 2024 | Q: Sep. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 1.336 | / | ( ( (14.848 + max(-0.127, 0)) | + | (14.83 + max(-0.915, 0)) ) | / | 2 ) |
= | 1.336 | / | ( ( 14.848 | + | 14.83 ) | / | 2 ) |
= | 1.336 | / | 14.839 | ||||
= | 9.00 % |
where Working Capital is:
Working Capital | (Q: Jun. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.023 | + | 0.37 | + | 0.859) | - | (1.157 | + | 0.162 | + | 0.06) |
= | -0.127 |
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.064 | + | 0.372 | + | 0.397) | - | (1.486 | + | 0.116 | + | 0.146) |
= | -0.915 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.
3. Operating Income is also linked to Operating Margin %:
Parks! America's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as:
Operating Margin % | = | Operating Income (Q: Sep. 2024 ) | / | Revenue (Q: Sep. 2024 ) |
= | 0.332 | / | 2.608 | |
= | 12.73 % |
* 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.
Thank you for viewing the detailed overview of Parks! America's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Todd R White | officer: Chief Financial Officer | 16600 N THOMPSON PEAK PKWY, #1069, SCOTTSDALE AZ 85260 |
Focused Compounding Fund, Lp | 10 percent owner | 3838 OAK LAWN AVENUE, SUITE 1000, C/O FOCUSED COMPOUNDING CAPITAL MGMT, DALLAS TX 75219 |
Charles Kohnen | director | 5424 SPICE BUSH COURT, DAYTON OH 45429 |
Lisa Michelle Brady | director | 1007 DOCKWAY DRIVE, HURON OH 44839 |
Richard Ruffolo | director | C/O THE YANKEE CANDLE COMPANY, INC., 16 YANKEE CANDLE WAY, SOUTH DEERFIELD MA 01373 |
Focused Compounding Capital Management, Llc | other: Investment Mgr of 10% Owner | 1700 ALMA DRIVE, SUITE 460, PLANO TX 75075 |
Andrew Mitchel Kuhn | other: Managing Member of IA | 1700 ALMA DRIVE, SUITE 460, PLANO TX 75075 |
Geoffrey Harvey Gannon | other: Managing Member of IA | 1700 ALMA DRIVE, SUITE 460, PLANO TX 75075 |
Mark Alan Whitfield | officer: Executive Vice President | 1501 COPPERFIELD PARKWAY, APT 312, COLLEGE STATION TX 77845 |
Voorhis Dale Van | director, officer: Chief Operating Officer | 5684 PIONEER TRAIL, HIRAM OH 44234 |
Jeff Lococo | director, officer: Secretary | 4304 WALNUT CREEK LANE, SANDUSKY OH 44870 |
William S Jump | director | 485 OAK CREEK CLIFFS DRIVE, SEDONA AZ 86336 |
John Paul Gannon | director | 6040 KENTIGERN CT. SOUTH, DUBLIN OH 43017 |
Nicholas Aaron Parks | 10 percent owner | 5010 THORNBROOK RIDGE, COLUMBIA MO 65203 |
Jim Meikle | director | 208 S ACADEMY AVE, STE 130, EAGLE ID 83616 |
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