RIME (Algorhythm Holdings) Operating Income : $-11.00 Mil (TTM As of Sep. 2024)

View and export this data going back to 1994. Start your Free Trial

What is Algorhythm Holdings Operating Income?

Algorhythm Holdings's Operating Income for the three months ended in Sep. 2024 was $-2.62 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was $-11.00 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Algorhythm Holdings's Operating Income for the three months ended in Sep. 2024 was $-2.62 Mil. Algorhythm Holdings's Revenue for the three months ended in Sep. 2024 was $10.62 Mil. Therefore, Algorhythm Holdings's Operating Margin % for the quarter that ended in Sep. 2024 was -24.64%.

Algorhythm Holdings'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. Algorhythm Holdings's annualized ROC % for the quarter that ended in Sep. 2024 was -150.09%. Algorhythm Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 517.02%.

Algorhythm Holdings Operating Income Historical Data

The historical data trend for Algorhythm Holdings'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.

* Premium members only.

Algorhythm Holdings Operating Income Chart

Algorhythm Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Operating Income

Get a 7-Day Free Trial

0.61

-2.94

1.43

0.07

-3.70

Algorhythm Holdings 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															0.11	-3.82	-2.29	-2.28	-2.62

Algorhythm Holdings 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-11.00 Mil.

Algorhythm Holdings (NAS:RIME) Operating Income Explanation

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

Algorhythm Holdings'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 )
=	-10.468 * ( 1 - 0% )	/	( (5.604	+	8.345)	/ 2 )
=	-10.468	/	6.9745
=	-150.09 %

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	))
=	12.367	-	5.518	-	( 1.245	-	max(0, 9.103	-	11.791	+	1.245	))
=	5.604

	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	))
=	19.612	-	13.349	-	( 0.621	-	max(0, 16.488	-	14.406	+	0.621	))
=	8.345

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Algorhythm Holdings'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 )
=	5.028	/	( ( (0.483 + max(1.007, 0))	+	(0.455 + max(-2.432, 0)) )	/	2 )
=	5.028	/	( ( 1.49	+	0.455 )	/	2 )
=	5.028	/	0.9725
=	517.02 %

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)
=	(2.349	+	6.91	+	0.686)	-	(5.518	+	1.209	+	2.211)
=	1.007

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.33	+	7.328	+	1.948)	-	(13.349	+	0.462	+	2.227)
=	-2.432

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 %:

Algorhythm Holdings'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 )
	=	-2.617	/	10.622
	=	-24.64 %

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.

Algorhythm Holdings Operating Income Related Terms

Thank you for viewing the detailed overview of Algorhythm Holdings's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Algorhythm Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Algorhythm Holdings Inc (NAS:RIME) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

6301 NW 5th Way, Suite 2900, Fort Lauderdale, FL, USA, 33309

Website

https://www.singingmachine.com

Algorhythm Holdings Inc is a holding company with two primary investments. It operates through its subsidiaries, one of which is an emerging leader in the AI-enabled global logistics industry. The other subsidiary is engaged in consumer karaoke products, Which designs and distributes the industry's widest assortment of at-home and in-car karaoke entertainment products.

Executives

Stingray Group Inc.	10 percent owner	730 WELLINGTON STREET, MONTREAL A8 H3C 1T4
Ault Milton C Iii	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Jay B Foreman	director	6301 NW 5TH WAY,, SUITE 2900, FORT LAUDERDALE FL 33309
Bitnile Holdings, Inc.	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Henry Carl Nisser	director	100 PARK AVENUE, SUITE 1658A, NEW YORK NY 10017
James Michael Turner	director	1800 HICKORY RIDGE DRIVE, WAXHAW NC 28173
Kenneth S Cragun	director	3775 CHIPPEWA CIRCLE, CORONA CA 92881
Mathieu Peloquin	director	730 WELLINGTON STREET, MONTREAL A8 H3C 1T4
Eric Boyko	10 percent owner	730 WELLINGTON STREET, MONTREAL A8 H3C 1T4
Bernardo Melo	officer: VP Sales	6601 LYONS ROAD, BUILDING A 7, COCONUT CREEK FL 33073
Joseph Kling	director	5846 NW 24TH AVENUE (UNIT #203), BOCA RATON FL 33496
Lau Sak Hong Aka Philip Lau	director	SHING DAO INDUSTRIAL BUILDING SECURITIES, 232 ABERDEEN MAIN ROAD 5TH FLO K3 00000
Gary Kevin Atkinson	officer: Secretary	1266 S MILITARY TRAIL, APT 5314, DEERFIELD BEACH FL 33442
Carol Lau	director	THE SINGING MACHINE COMPANY INC, 6601 LYONS ROAD BUILDING A 7, COCONUT CREEK FL 33073
Anton Handal	officer: CEO	425 TYRONE STREET, EL CAJON CA 92020