SRMX (Saddle Ranch Media) Operating Income: $-0.38 Mil (TTM As of Dec. 2014)

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What is Saddle Ranch Media Operating Income?

Saddle Ranch Media SRMX Operating Income is $-0.38 Mil as of Dec. 2014.

Saddle Ranch Media's Operating Income for the three months ended in Dec. 2014 was $-0.29 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2014 was $-0.38 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Saddle Ranch Media's Operating Income for the three months ended in Dec. 2014 was $-0.29 Mil. Saddle Ranch Media's Revenue for the three months ended in Dec. 2014 was $0.05 Mil. Therefore, Saddle Ranch Media's Operating Margin % for the quarter that ended in Dec. 2014 was -628.26%.

Saddle Ranch Media'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. Saddle Ranch Media's annualized ROC % for the quarter that ended in Dec. 2014 was -134.50%. Saddle Ranch Media's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2014 was -269.52%.

Saddle Ranch Media  (OTCPK:SRMX) Operating Income Explanation

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

Saddle Ranch Media's annualized ROC % for the quarter that ended in Dec. 2014 is calculated as:

ROC % (Q: Dec. 2014 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2014 ) + Invested Capital (Q: Dec. 2014 ))/ count )
=-1.156 * ( 1 - 0% )/( (1.029 + 0.69)/ 2 )
=-1.156/0.8595
=-134.50 %

where

Invested Capital(Q: Sep. 2014 )
=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))
=0.593 - 0.142 - ( 0.004 - max(0, 0.587 - 0.009+0.004))
=1.029

Invested Capital(Q: Dec. 2014 )
=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))
=0.601 - 0.24 - ( 0.008 - max(0, 0.346 - 0.017+0.008))
=0.69

Note: The Operating Income data used here is four times the quarterly (Dec. 2014) data.

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

Saddle Ranch Media's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2014 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2014 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2014  Q: Dec. 2014
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.756/( ( (0.274 + max(-0.137, 0)) + (0.287 + max(-0.236, 0)) )/ 2 )
=-0.756/( ( 0.274 + 0.287 )/ 2 )
=-0.756/0.2805
=-269.52 %

where Working Capital is:

Working Capital(Q: Sep. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.004 + 0 + 0.001) - (0.142 + 0 + 0)
=-0.137

Working Capital(Q: Dec. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.004 + 0 + 0) - (0.24 + 0 + 0)
=-0.236

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2014) EBIT data.

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

Saddle Ranch Media's Operating Margin % for the quarter that ended in Dec. 2014 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2014 )/Revenue (Q: Dec. 2014 )
=-0.289/0.046
=-628.26 %

* 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.

Saddle Ranch Media Operating Income Related Terms

Saddle Ranch Media Operating Income Historical Data

* Premium members only.

The historical data trend for Saddle Ranch Media'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.

Saddle Ranch Media Operating Income Chart

Saddle Ranch Media Annual Data
Trend Dec97 Dec98 Dec99 Dec00 Dec01 Dec06 Dec07 Dec12 Dec13 Dec14
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.69 -1.57 -0.04 -0.57 -0.62

Saddle Ranch Media Quarterly Data
Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec12 Sep13 Dec13 Jun14 Sep14 Dec14
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 -0.08 -0.28 0.00 -0.09 -0.29

Saddle Ranch Media 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 Dec. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.38 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 $-0.38 Mil mean?
Saddle Ranch Media (SRMX) has a Operating Income of $-0.38 Mil as of Dec. 2014. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Saddle Ranch Media and its competitors.
Is Saddle Ranch Media's Operating Income too high?
Saddle Ranch Media's current Operating Income is $-0.38 Mil.
How does Saddle Ranch Media's Operating Income compare to INMG and VNUE?
Saddle Ranch Media's Operating Income of $-0.38 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Operating Income depends on the Hardware 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 Saddle Ranch Media and its competitors. Saddle Ranch Media's current Operating Income is $-0.38 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saddle Ranch Media stock overvalued right now?
Saddle Ranch Media (SRMX) has a current Operating Income of $-0.38 Mil. The current Operating Income is $-0.38 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 Saddle Ranch Media (SRMX), the current Operating Income is $-0.38 Mil as of Dec. 2014. 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.

Saddle Ranch Media Business Description

Address 19200 Von Karman Avenue, Suite 425, Irvine, CA, USA, 91612
Saddle Ranch Media Inc is a multi-division technology company. It operates through its subsidiary, which provides 5G solutions and innovation, through its various telecom devices and ONENET B2B Onboarding Platform - certified by Microsoft IoT Sphere under Microsoft's Azure Hub - for business infrastructure operations. It also focuses on the Internet of Things (IoT) in energy management, creating future smart neighborhoods and eco-based energy solutions for future smart homes. Its smart home consists of Temperature control, Air quality, Lightning control, and electrical control, and it also has i.VA(Intelligent Voice assistant), Smart Outlet, Smart Dimmer, and other Smart Home solutions. The company operates in the United States and Taiwan.