Rogue Resources (TSXV:RRS) Operating Income : C$-0.22 Mil (TTM As of Jan. 2024)

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What is Rogue Resources Operating Income?

Rogue Resources's Operating Income for the three months ended in Jan. 2024 was C$-0.08 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2024 was C$-0.22 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Rogue Resources's Operating Income for the three months ended in Jan. 2024 was C$-0.08 Mil. Rogue Resources's Revenue for the three months ended in Jan. 2024 was C$0.03 Mil. Therefore, Rogue Resources's Operating Margin % for the quarter that ended in Jan. 2024 was -246.88%.

Rogue 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. Rogue Resources's annualized ROC % for the quarter that ended in Jan. 2024 was -3.79%. Rogue Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 18.70%.

Rogue Resources Operating Income Historical Data

The historical data trend for Rogue 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.

Rogue Resources Operating Income Chart

Rogue Resources Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Operating Income

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-0.52

-0.64

-0.20

-0.05

-0.11

Rogue Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Operating Income	Get a 7-Day Free Trial															-0.12	-0.02	-0.02	-0.10	-0.08

Rogue 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.22 Mil.

Rogue Resources (TSXV:RRS) Operating Income Explanation

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

Rogue Resources's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

	ROC % (Q: Jan. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Oct. 2023 )	+	Invested Capital (Q: Jan. 2024 ))	/ count )
=	-0.316 * ( 1 - 0% )	/	( (9.112	+	7.558)	/ 2 )
=	-0.316	/	8.335
=	-3.79 %

where

	Invested Capital		(Q: Oct. 2023 )
=	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	))
=	6.788	-	2.21	-	( 0.003	-	max(0, 5.25	-	0.716	+	0.003	))
=	9.112

	Invested Capital		(Q: Jan. 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	))
=	7.797	-	2.764	-	( 2.617	-	max(0, 5.294	-	2.769	+	2.617	))
=	7.558

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

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

Rogue Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jan. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Oct. 2023		Q: Jan. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.728	/	( ( (4.354 + max(-1.506, 0))	+	(3.433 + max(-2.612, 0)) )	/	2 )
=	0.728	/	( ( 4.354	+	3.433 )	/	2 )
=	0.728	/	3.8935
=	18.70 %

where Working Capital is:

	Working Capital		(Q: Oct. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.007	+	0.108	+	0.598)	-	(2.21	+	0.009	+	0)
=	-1.506

	Working Capital		(Q: Jan. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.01	+	0.108	+	0.034)	-	(2.764	+	0	+	0)
=	-2.612

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

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

Rogue Resources's Operating Margin % for the quarter that ended in Jan. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	-0.079	/	0.032
	=	-246.88 %

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.

Rogue Resources Operating Income Related Terms

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Rogue Resources (TSXV:RRS) Business Description

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GCRIF:USA

Address

150 King Street W., Toronto, ON, CAN, M5H 1J9

Website

https://www.rogueresources.ca

Rogue Resources Inc is an exploration-stage mining company. It is engaged in the business of exploring silica, nickel, and iron ore in Quebec and Ontario. The company's projects include Snow White Project, Silicon Ridge Project, Radio Hill project, and Langmuir project. Its Snow White Project is located northwest of the town of Massey. The Silicon Ridge Project is in the northeast of Quebec City. Its Radio Hill property is on the southwest of Timmins, Ontario. The Langmuir project is in the south of South Porcupine, Ontario.

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