Take-Two Interactive Software (Take-Two Interactive Software) Operating Income : $-1,415 Mil (TTM As of Dec. 2023)

View and export this data going back to 1997. Start your Free Trial

What is Take-Two Interactive Software Operating Income?

Take-Two Interactive Software's Operating Income for the three months ended in Dec. 2023 was $-130 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-1,415 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Take-Two Interactive Software's Operating Income for the three months ended in Dec. 2023 was $-130 Mil. Take-Two Interactive Software's Revenue for the three months ended in Dec. 2023 was $1,366 Mil. Therefore, Take-Two Interactive Software's Operating Margin % for the quarter that ended in Dec. 2023 was -9.48%.

Take-Two Interactive Software'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. Take-Two Interactive Software's annualized ROC % for the quarter that ended in Dec. 2023 was -2.14%. Take-Two Interactive Software's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -72.87%.

Take-Two Interactive Software Operating Income Historical Data

The historical data trend for Take-Two Interactive Software'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.

Take-Two Interactive Software Operating Income Chart

Take-Two Interactive Software Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Operating Income

Get a 7-Day Free Trial

201.71

425.35

629.40

473.60

-1,165.20

Take-Two Interactive Software Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Operating Income	Get a 7-Day Free Trial															-172.90	-702.40	-204.30	-378.30	-129.50

Take-Two Interactive Software 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,415 Mil.

Take-Two Interactive Software (NAS:TTWO) Operating Income Explanation

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

Take-Two Interactive Software's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-518 * ( 1 - 39.86% )	/	( (14557.6	+	14594)	/ 2 )
=	-311.5252	/	14575.8
=	-2.14 %

where

	Invested Capital		(Q: Sep. 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	))
=	15207.4	-	1113.1	-	( 801.9	-	max(0, 3000.1	-	2536.8	+	801.9	))
=	14557.6

	Invested Capital		(Q: Dec. 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	))
=	14895.7	-	775.6	-	( 922.2	-	max(0, 2692.4	-	2218.5	+	922.2	))
=	14594

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

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

Take-Two Interactive Software's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-518	/	( ( (704.8 + max(-913.1, 0))	+	(717 + max(-1047.6, 0)) )	/	2 )
=	-518	/	( ( 704.8	+	717 )	/	2 )
=	-518	/	710.9
=	-72.87 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(814.5	+	0	+	837.9)	-	(1113.1	+	1147.7	+	304.7)
=	-913.1

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(666.3	+	0	+	541.3)	-	(775.6	+	1098.5	+	381.1)
=	-1047.6

When net working capital is negative, 0 is used.

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

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

Take-Two Interactive Software's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-129.5	/	1366.3
	=	-9.48 %

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.

Take-Two Interactive Software Operating Income Related Terms

Thank you for viewing the detailed overview of Take-Two Interactive Software's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Take-Two Interactive Software (Take-Two Interactive Software) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Take-Two Interactive Software Inc (NAS:TTWO) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

TTWO:Mexico TKE:Germany TKE:Germany T1TW34:Brazil TTWO:Austria

Address

110 West 44th Street, New York, NY, USA, 10036

Website

https://www.take2games.com

Found in 1993, Take-Two consists of three wholly owned labels, Rockstar Games, 2K, and Zynga. The firm is one of the world's largest independent video game publishers on consoles, PCs, smartphones, and tablets. Take-Two's franchise portfolio is headlined by "Grand Theft Auto" (345 million units sold) and contains other well-known titles such as "NBA 2K," "Civilization," "Borderlands," "Bioshock," and "Xcom." Zynga mobile titles include "Farmville," "Empires & Puzzles," and "CSR Racing.".

Executives

Daniel P Emerson	officer: General Counsel	622 BROADWAY, NEW YORK NY 10012
Lainie Goldstein	officer: Chief Financial Officer	C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 622 BROADWAY, NEW YORK NY 10012
Laverne Evans Srinivasan	director	C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 622 BROADWAY, NEW YORK NY 10012
Strauss Zelnick	director, officer: Executive Chairman	C/O ZELNICKMEDIA, 650 FIFTH AVE 31ST FLOOR, NEW YORK NY 10019
Michael Sheresky	director	C/O WILLIAM MORRIS AGENCY, 1 WILLIAM MORRIS PLACE, BEVERLY HILLS CA 90212
Karl Slatoff	officer: Executive Vice President	C/O ZELNICKMEDIA CORPORATION, 19 WEST 44TH STREET, 18TH FLOOR, NEW YORK NY 10036
William B Gordon	director
Ellen F Siminoff	director	555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Roland A Hernandez	director	300 NORTH SAN RAFAEL AVE, PASADENA CA 91105
Paul E Viera	director	C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 110 WEST 44TH STREET, NEW YORK NY 10036
Michael Dornemann	director	4950 COMMUNICATION AVENUE, SUITE 300, BOCA RATON FL 33431
Jon J Moses	director	C/O UGO NETWORKS, INC., 670 BROADWAY, NEW YORK NY 10012
Seth D Krauss	officer: Exec VP and General Counsel	C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 222 BROADWAY, NEW YORK NY 10012
Susan Tolson	director	C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 622 BROADWAY, NEW YORK NY 10019
Carl C Icahn	10 percent owner	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160