STHRF (Strathcona Resources) Operating Income : $896 Mil (TTM As of Sep. 2024)

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What is Strathcona Resources Operating Income?

Strathcona Resources's Operating Income for the three months ended in Sep. 2024 was $243 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was $896 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Strathcona Resources's Operating Income for the three months ended in Sep. 2024 was $243 Mil. Strathcona Resources's Revenue for the three months ended in Sep. 2024 was $972 Mil. Therefore, Strathcona Resources's Operating Margin % for the quarter that ended in Sep. 2024 was 24.98%.

Strathcona Resources'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. Strathcona Resources's annualized ROC % for the quarter that ended in Sep. 2024 was 9.55%. Strathcona Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 11.54%.

Strathcona Resources Operating Income Historical Data

The historical data trend for Strathcona Resources'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.

Strathcona Resources Operating Income Chart

Strathcona Resources Annual Data

Trend

Dec22

Dec23

Operating Income

892.53

745.53

Strathcona Resources Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Operating Income	Get a 7-Day Free Trial				261.47	187.69	199.03	266.84	242.88

Strathcona Resources 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 $896 Mil.

Strathcona Resources (OTCPK:STHRF) Operating Income Explanation

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

Strathcona Resources'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 )
=	971.504 * ( 1 - 25.13% )	/	( (7530.901	+	7697.845)	/ 2 )
=	727.3650448	/	7614.373
=	9.55 %

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	))
=	7786.136	-	563.59	-	( 0	-	max(0, 658.3	-	349.945	+	0	))
=	7530.901

	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	))
=	7871.918	-	515.429	-	( 0	-	max(0, 616.123	-	274.767	+	0	))
=	7697.845

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

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

Strathcona Resources'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 )
=	865.792	/	( ( (7423.13 + max(-273.769, 0))	+	(7586.151 + max(-298.613, 0)) )	/	2 )
=	865.792	/	( ( 7423.13	+	7586.151 )	/	2 )
=	865.792	/	7504.6405
=	11.54 %

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)
=	(277.636	+	28.457	+	43.852)	-	(563.59	+	18.752	+	41.372)
=	-273.769

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(213.421	+	25.986	+	35.36)	-	(515.429	+	19.342	+	38.609)
=	-298.613

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 %:

Strathcona Resources'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 )
	=	242.876	/	972.169
	=	24.98 %

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.

Strathcona Resources Operating Income Related Terms

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Strathcona Resources Business Description

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YE2:Germany SCR:Canada

Address

421 7th Avenue South west, Suite 1900, Calgary, AB, CAN, T2P4K9

Website

https://www.strathconaresources.com

Strathcona Resources Ltd is an energy company, it is a consolidator and developer of oil and gas assets. It has three segments Cold Lake Thermal, which includes three producing assets in the Cold Lake region of Northern Alberta: Lindbergh, Orion, and Tucker; Lloydminster Heavy Oil which has multiple large oil-in-place reservoirs accessed through enhanced oil recovery techniques and thermal steam-assisted gravity drainage (SAGD), primarily located in Southwest Saskatchewan; and Montney which includes assets in the Northwest Alberta Kakwa and Grande Prairie regions and the Northeast British Columbia Groundbirch region.