US Concrete (US Concrete) Operating Income : $42 Mil (TTM As of Jun. 2021)

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What is US Concrete Operating Income?

US Concrete's Operating Income for the three months ended in Jun. 2021 was $-6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2021 was $42 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. US Concrete's Operating Income for the three months ended in Jun. 2021 was $-6 Mil. US Concrete's Revenue for the three months ended in Jun. 2021 was $327 Mil. Therefore, US Concrete's Operating Margin % for the quarter that ended in Jun. 2021 was -1.83%.

Warning Sign:

US Concrete Inc operating margin has been in 5-year decline. The average rate of decline per year is -11.1%.

US Concrete's 5-Year average Growth Rate for Operating Margin % was -11.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. US Concrete's annualized ROC % for the quarter that ended in Jun. 2021 was -1.76%. US Concrete's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was -4.47%.

US Concrete Operating Income Historical Data

The historical data trend for US Concrete'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.

US Concrete Operating Income Chart

US Concrete Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Operating Income

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91.00

92.40

75.90

67.90

68.40

US Concrete Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Operating Income	Get a 7-Day Free Trial															15.70	32.40	16.90	-1.10	-6.00

US Concrete 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 Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $42 Mil.

US Concrete (NAS:USCR) Operating Income Explanation

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

US Concrete's annualized ROC % for the quarter that ended in Jun. 2021 is calculated as:

	ROC % (Q: Jun. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2021 )	+	Invested Capital (Q: Jun. 2021 ))	/ count )
=	-24 * ( 1 - 3.3% )	/	( (1300.6	+	1332.8)	/ 2 )
=	-23.208	/	1316.7
=	-1.76 %

where

	Invested Capital		(Q: Mar. 2021 )
=	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	))
=	1512	-	188.6	-	( 22.8	-	max(0, 237.4	-	318.4	+	22.8	))
=	1300.6

	Invested Capital		(Q: Jun. 2021 )
=	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	))
=	1523.6	-	169.9	-	( 20.9	-	max(0, 225.4	-	325.8	+	20.9	))
=	1332.8

Note: The Operating Income data used here is four times the quarterly (Jun. 2021) data.

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

US Concrete's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2021 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2021		Q: Jun. 2021
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-43.6	/	( ( (876.7 + max(84.9, 0))	+	(880 + max(109.2, 0)) )	/	2 )
=	-43.6	/	( ( 961.6	+	989.2 )	/	2 )
=	-43.6	/	975.4
=	-4.47 %

where Working Capital is:

	Working Capital		(Q: Mar. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(189.8	+	73.2	+	10.5)	-	(188.6	+	0	+	2.8421709430404E-14)
=	84.9

	Working Capital		(Q: Jun. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(193.5	+	76.5	+	9.1)	-	(169.9	+	0	+	0)
=	109.2

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2021) EBIT data.

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

US Concrete's Operating Margin % for the quarter that ended in Jun. 2021 is calculated as:

Operating Margin %	=	Operating Income (Q: Jun. 2021 )	/	Revenue (Q: Jun. 2021 )
	=	-6	/	327.4
	=	-1.83 %

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.

US Concrete Operating Income Related Terms

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

US Concrete (US Concrete) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » US Concrete Inc (NAS:USCR) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

331 North Main Street, Euless, TX, USA, 76039

Website

https://www.us-concrete.com

U.S. Concrete sells ready-mixed concrete in several major markets in the United States, primarily in Texas, northern California, and the New York metro area. While U.S. Concrete also produces aggregates in some of its markets and has made more acquisitions in this area in recent years, the company primarily uses its aggregates production internally for its ready-mixed concrete operations. During 2020, U.S. Concrete sold approximately 8.2 million cubic yards of ready-mixed concrete and approximately 12.6 million tons of aggregates.

Executives

Sutherland Colin Mcgill	director	55 ROSE PARK DRIVE TORONTO A6 M4T 1R2
Herbert A. Burton	officer: Regional VP & GM - West	C/O U.S. CONCRETE, INC. 331 N. MAIN ST. EULESS X1 76039
Jeffrey W Roberts	officer: Regional VP & GM - Central	331 N. MAIN ST. EULESS TX 76039
William J Sandbrook	director	C/O U.S. CONCRETE, INC., 331 N. MAIN STREET, EULESS TX 76039
John E Kunz	officer: SVP & Chief Financial Officer	522 N. MACEWEN DRIVE, OSPREY FL 34229
Rajan Penkar	director	C/O TRAVELCENTERS OF AMERICA INC., 24601 CENTER RIDGE ROAD, WESTLAKE OH 44145
Michael D Lundin	director	C/O U.S. CONCRETE, INC. 331 N. MAIN STREET EULESS TX 76039
Kurt Matthew Cellar	director	71 ROTON AVENUE, NORWALK CT 06853
Theodore P Rossi	director	C/O U.S. CONCRETE, INC. 331 N. MAIN STREET EULESS TX 76039
Susan M. Ball	director	13131 DAIRY ASHFORD, SUITE 600, SUGAR LAND TX 77478
Gibson T Dawson	officer: VP, Corporate Controller & CAO	C/O U.S. CONCRETE, INC., 331 NORTH MAIN STREET, EULESS TX 76039
Philip Daren Lesley	officer: VP - USC Aggregates	331 NORTH MAIN STREET EULESS TX 76039
Scott Dryden	officer: VP & GM - Polaris Materials	C/O U.S. CONCRETE, INC. 331 N. MAIN ST. EULESS TX 76039
Mark Baker Peabody	officer: VP - Human Resources	331 N. MAIN STREET EULESS TX 76039
Ronnie A Pruitt	officer: President & COO	C/O U.S. CONCRETE, INC., 331 N. MAIN STREET, EULESS TX 76039