SHGDF (Star Diamond) Operating Income: $-2.88 Mil (TTM As of Mar. 2026)

What is Star Diamond Operating Income?

Star Diamond SHGDF +9.63% Operating Income is $-2.88 Mil as of Mar. 2026.

Star Diamond's Operating Income for the three months ended in Mar. 2026 was $-0.84 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-2.88 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Star Diamond's Operating Income for the three months ended in Mar. 2026 was $-0.84 Mil. Star Diamond's Revenue for the three months ended in Mar. 2026 was $0.00 Mil. Therefore, Star Diamond's Operating Margin % for the quarter that ended in Mar. 2026 was %.

Star Diamond'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. Star Diamond's annualized ROC % for the quarter that ended in Mar. 2026 was -37.25%. Star Diamond's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -37.78%.

Star Diamond (OTCPK:SHGDF) Operating Income Explanation

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

Star Diamond's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	-3.34 * ( 1 - 0% )	/	( (9.018	+	8.914)	/ 2 )
=	-3.34	/	8.966
=	-37.25 %

where

	Invested Capital		(Q: Dec. 2025 )
=	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	))
=	9.68	-	0.33	-	( 0.525	-	max(0, 0.465	-	0.797	+	0.525	))
=	9.018

	Invested Capital		(Q: Mar. 2026 )
=	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	))
=	9.241	-	0.313	-	( 0.142	-	max(0, 0.429	-	0.443	+	0.142	))
=	8.914

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Star Diamond's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-3.34	/	( ( (8.883 + max(-0.17, 0))	+	(8.797 + max(-0.114, 0)) )	/	2 )
=	-3.34	/	( ( 8.883	+	8.797 )	/	2 )
=	-3.34	/	8.84
=	-37.78 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.254)	-	(0.33	+	0	+	0.094)
=	-0.17

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.295)	-	(0.313	+	0	+	0.096)
=	-0.114

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Star Diamond's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	-0.835	/	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.

Star Diamond Operating Income Related Terms

Star Diamond Operating Income Historical Data

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The historical data trend for Star Diamond's Operating Income can be seen below:

Star Diamond Operating Income Chart

Star Diamond Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

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-6.26

-2.20

-2.15

-3.34

-2.68

Star Diamond Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Operating Income	Get a 7-Day Free Trial															-0.61	-0.83	-0.61	-0.61	-0.84

Star Diamond 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. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.88 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $-2.88 Mil mean?

Star Diamond (SHGDF) has a Operating Income of $-2.88 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Star Diamond and its competitors.

Is Star Diamond's Operating Income too high?

Star Diamond's current Operating Income is $-2.88 Mil.

How does Star Diamond's Operating Income compare to HL?

Star Diamond's Operating Income of $-2.88 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 Star Diamond and its competitors. Star Diamond's current Operating Income is $-2.88 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Star Diamond stock overvalued right now?

Star Diamond (SHGDF) has a current Operating Income of $-2.88 Mil. The current Operating Income is $-2.88 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 Star Diamond (SHGDF), the current Operating Income is $-2.88 Mil as of Mar. 2026. 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.

Star Diamond Business Description

Industry Basic Materials Metals & Mining

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Other Exchanges DIAM:Canada

Address 224 - 4th Avenue South, Suite 702, Saskatoon, SK, CAN, S7K 5M5

Website https://www.stardiamondcorp.com

Star Diamond Corp is a Canadian natural resource company. The company's activities are the exploration, development, and production of diamonds. The company owns an interest in the Star-Orion South Diamond project, Fort a la Corne Diamond District properties located in central Saskatchewan, and the Buffalo Hills Diamond project located in the northwest of Edmonton.