Unique Logistics International (Unique Logistics International) Operating Income : $-4.2 Mil (TTM As of Feb. 2024)

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What is Unique Logistics International Operating Income?

Unique Logistics International's Operating Income for the three months ended in Feb. 2024 was $-0.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2024 was $-4.2 Mil.

Warning Sign:

Unique Logistics International Inc has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Unique Logistics International's Operating Income for the three months ended in Feb. 2024 was $-0.7 Mil. Unique Logistics International's Revenue for the three months ended in Feb. 2024 was $67.8 Mil. Therefore, Unique Logistics International's Operating Margin % for the quarter that ended in Feb. 2024 was -1.09%.

Unique Logistics International'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. Unique Logistics International's annualized ROC % for the quarter that ended in Feb. 2024 was -2.35%. Unique Logistics International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was -159.45%.

Unique Logistics International Operating Income Historical Data

The historical data trend for Unique Logistics International'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.

Unique Logistics International Operating Income Chart

Unique Logistics International Annual Data

Trend

May20

May21

May22

May23

Operating Income

-0.80

3.77

19.07

10.39

Unique Logistics International Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Operating Income	Get a 7-Day Free Trial												0.33	0.21	-1.57	-2.08	-0.74

Unique Logistics International 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.2 Mil.

Unique Logistics International (OTCPK:UNQL) Operating Income Explanation

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

Unique Logistics International's annualized ROC % for the quarter that ended in Feb. 2024 is calculated as:

	ROC % (Q: Feb. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Nov. 2023 )	+	Invested Capital (Q: Feb. 2024 ))	/ count )
=	-2.948 * ( 1 - 47.4% )	/	( (67.735	+	64.055)	/ 2 )
=	-1.550648	/	65.895
=	-2.35 %

where

	Invested Capital		(Q: Nov. 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	))
=	102.364	-	28.481	-	( 6.148	-	max(0, 45.932	-	52.256	+	6.148	))
=	67.735

	Invested Capital		(Q: Feb. 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	))
=	105.628	-	36.311	-	( 6.743	-	max(0, 51.962	-	57.224	+	6.743	))
=	64.055

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

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

Unique Logistics International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Feb. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Nov. 2023		Q: Feb. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-38.836	/	( ( (10.665 + max(16.707, 0))	+	(10.218 + max(11.122, 0)) )	/	2 )
=	-38.836	/	( ( 27.372	+	21.34 )	/	2 )
=	-38.836	/	24.356
=	-159.45 %

where Working Capital is:

	Working Capital		(Q: Nov. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(39.206	+	0	+	5.982)	-	(28.481	+	0	+	0)
=	16.707

	Working Capital		(Q: Feb. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(42.059	+	0	+	5.374)	-	(36.311	+	0	+	0)
=	11.122

When net working capital is negative, 0 is used.

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

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

Unique Logistics International's Operating Margin % for the quarter that ended in Feb. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	-0.737	/	67.83
	=	-1.09 %

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.

Unique Logistics International Operating Income Related Terms

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Unique Logistics International (Unique Logistics International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Unique Logistics International Inc (OTCPK:UNQL) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

154-09, 146th Avenue, Jamaica, NY, USA, 11434

Website

https://www.unique-logistics.com

Unique Logistics International Inc is a logistics and freight forwarding company. Its services include Air Freight, Ocean Freight, Customs Brokerage, Insurance, Domestic Distribution, and DDP and Fiscal Representation. Geographically, it derives a majority of its revenue from China, Hong Kong and Taiwan.

Executives

Migdalia Diaz	officer: Chief Operating Officer	3722 CASTEEL PARK DRIVE, MARIETTA GA 30064
Sunandan Ray	director, officer: Chief Executive Officer	320 SOUTHDOWN ROAD, LLYOD HARBOR NY 11743
Lee Patrick Man Bun	director	UNIT 05-06, 3/F, ENTERPRISE SQUARE, 9 SHEUNG YUET RD, KOWLOON BAY, KOWLOON K3 1703
David S. Briones	director	C/O PETRO RIVER OIL COMPANY, 1980 POST OAK BLVD., SUITE 2020, HOUSTON TX 77056
Sterling C. Barton	10 percent owner	823 SOUTH SIXTH STREET, SUITE 100, LAS VEGAS NV 89101
Keith S. Barton	10 percent owner	488 MADISON AVENUE, SUITE 1100, NEW YORK NY 10022
Gcnd, Inc.	10 percent owner	C/O GARY WOLF ESQ., 488 MADISON AVE., STE. 1100, NEW YORK NY 10022