SNNGF (PPX Mining) Operating Income: $-6.58 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SNNGF PPX Mining Corp SNNGF
34 GF Score
Price $0.15
! 2 Warning Signs
View Full Analysis

What is PPX Mining Operating Income?

PPX Mining SNNGF -3.23% 34 Operating Income is $-6.58 Mil as of Mar. 2026. GuruFocus rates SNNGF with a GF Score™ of 34/100. The stock has 2 warning signs investors should review.

PPX Mining's Operating Income for the three months ended in Mar. 2026 was $-1.45 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-6.58 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. PPX Mining's Operating Income for the three months ended in Mar. 2026 was $-1.45 Mil. PPX Mining's Revenue for the three months ended in Mar. 2026 was $0.00 Mil. Therefore, PPX Mining's Operating Margin % for the quarter that ended in Mar. 2026 was %.

PPX Mining'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. PPX Mining's annualized ROC % for the quarter that ended in Mar. 2026 was -15.90%. PPX Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 97.90%.


PPX Mining  (OTCPK:SNNGF) Operating Income Explanation

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

PPX Mining'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 )
=-5.812 * ( 1 - 0% )/( (23.319 + 49.778)/ 2 )
=-5.812/36.5485
=-15.90 %

where

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

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

PPX Mining'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 )
=19.08/( ( (17.186 + max(-4.517, 0)) + (21.791 + max(-19.252, 0)) )/ 2 )
=19.08/( ( 17.186 + 21.791 )/ 2 )
=19.08/19.4885
=97.90 %

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)
=(3.433 + 0 + 0.068999999999999) - (5.733 + 0 + 2.286)
=-4.517

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.039 + 0 + 0.049999999999997) - (6.338 + 0 + 18.003)
=-19.252

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 %:

PPX Mining'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 )
=-1.453/0
= %

* 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.


PPX Mining Operating Income Related Terms


PPX Mining Operating Income Historical Data

* Premium members only.

The historical data trend for PPX Mining'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.

PPX Mining Operating Income Chart

PPX Mining Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.26 -1.95 -1.83 -2.02 -2.24

PPX Mining 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.58 -0.74 -0.54 -3.85 -1.45
SNNGF
34GF Score
PPX Mining Corp SNNGF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PPX Mining 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 $-6.58 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 $-6.58 Mil mean?
PPX Mining (SNNGF) has a Operating Income of $-6.58 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on PPX Mining and its competitors.
Is PPX Mining's Operating Income too high?
PPX Mining's current Operating Income is $-6.58 Mil. Overall, PPX Mining has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does PPX Mining's Operating Income compare to HL?
PPX Mining's Operating Income of $-6.58 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 PPX Mining and its competitors. PPX Mining's current Operating Income is $-6.58 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PPX Mining stock overvalued right now?
PPX Mining (SNNGF) has a current Operating Income of $-6.58 Mil. The current Operating Income is $-6.58 Mil. PPX Mining's overall GF Score™ is 34/100 with 2 warning signs to review. 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 PPX Mining (SNNGF), the current Operating Income is $-6.58 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.

PPX Mining Business Description

Other Exchanges PPX:PeruPPX:Canada
Address 82 Richmond Street East, Toronto, ON, CAN, M5C 1P1
PPX Mining Corp is a Canadian company. It is in the business of acquiring, exploring and evaluating mineral properties in areas which is a relatively high potential for mining success. The company is also involved in developing or joint venturing of mineral properties or disposing these properties when the evaluation is completed. It mainly focuses on mining activities which are on a long-term basis. The company is in the process of exploring mineral properties in Peru. It owns a gold and silver project, Igor which is located in the Northern Peru gold belt.
34GF Score

Get the complete analysis for SNNGF

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.15
Price