GreenSpace Brands (TSXV:JTR.H) Operating Income : C$-3.72 Mil (TTM As of Dec. 2022)

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What is GreenSpace Brands Operating Income?

GreenSpace Brands's Operating Income for the three months ended in Dec. 2022 was C$-0.60 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2022 was C$-3.72 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. GreenSpace Brands's Operating Income for the three months ended in Dec. 2022 was C$-0.60 Mil. GreenSpace Brands's Revenue for the three months ended in Dec. 2022 was C$4.22 Mil. Therefore, GreenSpace Brands's Operating Margin % for the quarter that ended in Dec. 2022 was -14.26%.

GreenSpace Brands'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. GreenSpace Brands's annualized ROC % for the quarter that ended in Dec. 2022 was -9.84%. GreenSpace Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was -32.40%.

GreenSpace Brands Operating Income Historical Data

The historical data trend for GreenSpace Brands'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.

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GreenSpace Brands Operating Income Chart

GreenSpace Brands Annual Data

Trend

Dec13

Dec14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Operating Income

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-3.60

-9.45

-11.46

-9.28

-4.54

GreenSpace Brands Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Operating Income	Get a 7-Day Free Trial															-0.97	-1.38	-0.83	-0.91	-0.60

GreenSpace Brands 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-3.72 Mil.

GreenSpace Brands (TSXV:JTR.H) Operating Income Explanation

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

GreenSpace Brands's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2022 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	-2.404 * ( 1 - 0% )	/	( (24.104	+	24.765)	/ 2 )
=	-2.404	/	24.4345
=	-9.84 %

where

	Invested Capital		(Q: Sep. 2022 )
=	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	))
=	11.971	-	2.79	-	( 1.477	-	max(0, 23.606	-	8.683	+	1.477	))
=	24.104

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	11.774	-	3.242	-	( 1.098	-	max(0, 24.758	-	8.525	+	1.098	))
=	24.765

Note: The Operating Income data used here is four times the quarterly (Dec. 2022) data.

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

GreenSpace Brands's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2022		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.512	/	( ( (0.07 + max(4.745, 0))	+	(0.074 + max(4.443, 0)) )	/	2 )
=	-1.512	/	( ( 4.815	+	4.517 )	/	2 )
=	-1.512	/	4.666
=	-32.40 %

where Working Capital is:

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.732	+	3.618	+	1.185)	-	(2.79	+	0	+	3.5527136788005E-15)
=	4.745

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.003	+	3.84	+	0.842)	-	(3.242	+	0	+	0)
=	4.443

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

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

GreenSpace Brands's Operating Margin % for the quarter that ended in Dec. 2022 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	-0.601	/	4.216
	=	-14.26 %

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.

GreenSpace Brands Operating Income Related Terms

Thank you for viewing the detailed overview of GreenSpace Brands's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

GreenSpace Brands (TSXV:JTR.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » GreenSpace Brands Inc (TSXV:JTR.H) » Definitions » Operating Income

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Address

2087 Dundas Street East, Suite 106, Mississauga, ON, CAN, L4X 2V7

Website

https://www.greenspacebrands.ca

GreenSpace Brands Inc is an organic and natural food company. It is engaged in the creation of natural food products and sale of brands in Canadian natural food industry. The company's brands include Life Choices, Rolling Meadow Dairy, Holistic Choice Pet Food, Nudge, Love Child organics, Central Roast, and Kiju organic. Life Choices Natural Foods offers meat products made with grass-fed and pasture-raised without the use of added hormones and antibiotics. Rolling Meadow Dairy provides products made with grass-fed milk. Holistic Choice Pet Food offers natural pet food. The Nudge brand is a line of family foods. Love Child Organics provides healthy, organic baby and children's food products.

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