Strategic Resources (TSXV:SR) Operating Income : C$-2.62 Mil (TTM As of Mar. 2023)

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What is Strategic Resources Operating Income?

Strategic Resources's Operating Income for the three months ended in Mar. 2023 was C$-1.76 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2023 was C$-2.62 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Strategic Resources's Operating Income for the three months ended in Mar. 2023 was C$-1.76 Mil. Strategic Resources's Revenue for the three months ended in Mar. 2023 was C$0.00 Mil. Therefore, Strategic Resources's Operating Margin % for the quarter that ended in Mar. 2023 was %.

Strategic 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. Strategic Resources's annualized ROC % for the quarter that ended in Mar. 2023 was -8.67%. Strategic Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -114.01%.

Strategic Resources Operating Income Historical Data

The historical data trend for Strategic 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.

Strategic Resources Operating Income Chart

Strategic Resources Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Operating Income

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-0.22

-0.06

-1.93

-1.64

-1.54

Strategic Resources Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Operating Income	Get a 7-Day Free Trial															-0.36	-0.26	-0.25	-0.35	-1.76

Strategic 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-2.62 Mil.

Strategic Resources (TSXV:SR) Operating Income Explanation

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

Strategic Resources's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	-7.032 * ( 1 - -0.09% )	/	( (4.146	+	158.274)	/ 2 )
=	-7.0383288	/	81.21
=	-8.67 %

where

	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	))
=	4.338	-	0.254	-	( 0.129	-	max(0, 0.254	-	0.192	+	0.129	))
=	4.146

	Invested Capital		(Q: Mar. 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	))
=	179.534	-	11.21	-	( 12.845	-	max(0, 14.314	-	24.364	+	12.845	))
=	158.274

Note: The Operating Income data used here is four times the quarterly (Mar. 2023) data.

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

Strategic Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-90.036	/	( ( (4.106 + max(-0.213, 0))	+	(153.841 + max(-2.673, 0)) )	/	2 )
=	-90.036	/	( ( 4.106	+	153.841 )	/	2 )
=	-90.036	/	78.9735
=	-114.01 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.041)	-	(0.254	+	0	+	0)
=	-0.213

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	11.014)	-	(11.21	+	0	+	2.477)
=	-2.673

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

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

Strategic Resources's Operating Margin % for the quarter that ended in Mar. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	-1.758	/	0
	=	%

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.

Strategic Resources Operating Income Related Terms

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

Strategic Resources (TSXV:SR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Strategic Resources Inc (TSXV:SR) » Definitions » Operating Income

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Traded in Other Exchanges

SCCFF:USA

Address

1155 Metcalfe Street, Suite 1539, Montréal, QC, CAN, H3B 2V6

Website

https://www.strategic-res.com

Strategic Resources Inc is a mineral exploration and development company engaged in the acquisition, exploration, and development of vanadium, iron, titanium, and other metals for the electrification of the economy. The Company is focused on its flagship Mustavaara vanadium-iron-titanium project in Finland. Other project includes the construction-ready BlackRock Vanadium-Titanium-Iron Project in Quebec. The Group has one operating segment, being the acquisition, exploration and evaluation of mineral assets. The company operates in Canada and Finland.

Executives

Scott Victor Andrew Hicks

Director, Senior Officer