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The E W Scripps Co's Operating Income for the three months ended in Sep. 2024 was $135 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was $314 Mil.
Operating Margin % is calculated as Operating Income divided by its Revenue. The E W Scripps Co's Operating Income for the three months ended in Sep. 2024 was $135 Mil. The E W Scripps Co's Revenue for the three months ended in Sep. 2024 was $646 Mil. Therefore, The E W Scripps Co's Operating Margin % for the quarter that ended in Sep. 2024 was 20.91%.
Good Sign:
The E W Scripps Co operating margin is expanding. Margin expansion is usually a good sign.
The E W Scripps Co's 5-Year average Growth Rate for Operating Margin % was 1.50% per year.
Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The E W Scripps Co's annualized ROC % for the quarter that ended in Sep. 2024 was 7.81%. The E W Scripps Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 66.99%.
The historical data trend for The E W Scripps Co'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.
The E W Scripps Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Operating Income | Get a 7-Day Free Trial | 115.34 | 322.83 | 420.28 | 435.85 | 239.71 |
The E W Scripps Co 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 | 58.87 | 73.84 | 48.55 | 56.52 | 135.17 |
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 $314 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.
The E W Scripps Co (NAS:SSP) Operating Income Explanation
1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
The E W Scripps Co'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 ) |
= | 540.688 * ( 1 - 29.68% ) | / | ( (4942.762 | + | 4794.798) | / 2 ) |
= | 380.2118016 | / | 4868.78 | |||
= | 7.81 % |
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 | )) |
= | 5280.956 | - | 311.543 | - | ( 26.651 | - | max(0, 437.872 | - | 654.702 | + | 26.651 | )) |
= | 4942.762 |
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 | )) |
= | 5254.147 | - | 424.707 | - | ( 34.642 | - | max(0, 470.598 | - | 629.51 | + | 34.642 | )) |
= | 4794.798 |
Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
The E W Scripps Co'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 ) |
= | 489.516 | / | ( ( (561.241 + max(205.791, 0)) | + | (554.612 + max(139.882, 0)) ) | / | 2 ) |
= | 489.516 | / | ( ( 767.032 | + | 694.494 ) | / | 2 ) |
= | 489.516 | / | 730.763 | ||||
= | 66.99 % |
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) |
= | (578.61 | + | 0 | + | 49.441) | - | (311.543 | + | 14.903 | + | 95.814) |
= | 205.791 |
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (551.737 | + | 0 | + | 43.131) | - | (424.707 | + | 30.279 | + | 0) |
= | 139.882 |
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 %:
The E W Scripps Co'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 ) |
= | 135.172 | / | 646.3 | |
= | 20.91 % |
* 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 The E W Scripps Co's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.
R. Michael Scagliotti | 10 percent owner | C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE., FT MITCHELL KY 41017 |
Charles L. Barmonde | 10 percent owner | C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE., SUITE 400, FT MITCHELL KY 41017 |
John Patrick Scripps | 10 percent owner | C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT MITCHELL KY 41017 |
Elizabeth Scripps | 10 percent owner | C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT MITCHELL KY 41017 |
Kate O'brian | officer: EVP, News | 312 WALNUT STREET, 28H FLOOR, CINCINNATI OH 45202 |
Lisa A Knutson | officer: Senior VP of Human Resources | 312 WALNUT STREET, 28TH FLOOR, CINCINNATI OH 45202 |
Granado Corina S. | 10 percent owner | C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT. MITCHELL KY 41017 |
Geraldine Scripps Granado | 10 percent owner | C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT MITCHELL KY 41017 |
Granado Raymundo H. Jr. | 10 percent owner | C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT MITCHELL KY 41017 |
Anthony S. Granado | 10 percent owner | C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT MITCHELL KY 41017 |
Ellen B. Granado | 10 percent owner | C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT MITCHELL KY 41017 |
Manuel E. Granado | 10 percent owner | C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT MITCHELL KY 41017 |
Eli W Scripps | 10 percent owner | C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT. MITCHELL KY 41017 |
William A. Scripps | 10 percent owner | C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT. MITCHELL KY 41017 |
Gerald J. Scripps | 10 percent owner | C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT. MITCHELL KY 41017 |
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