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UTI (Universal Technical Institute) Operating Income : $58.9 Mil (TTM As of Sep. 2024)


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What is Universal Technical Institute Operating Income?

Universal Technical Institute's Operating Income for the three months ended in Sep. 2024 was $26.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was $58.9 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Universal Technical Institute's Operating Income for the three months ended in Sep. 2024 was $26.0 Mil. Universal Technical Institute's Revenue for the three months ended in Sep. 2024 was $196.4 Mil. Therefore, Universal Technical Institute's Operating Margin % for the quarter that ended in Sep. 2024 was 13.25%.

Universal Technical Institute'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. Universal Technical Institute's annualized ROC % for the quarter that ended in Sep. 2024 was 11.52%. Universal Technical Institute's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 25.98%.


Universal Technical Institute Operating Income Historical Data

The historical data trend for Universal Technical Institute'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.

Universal Technical Institute Operating Income Chart

Universal Technical Institute Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.87 14.95 22.37 21.40 58.89

Universal Technical Institute Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.34 14.23 11.19 7.45 26.02

Universal Technical Institute 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $58.9 Mil.

* 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.


Universal Technical Institute  (NYSE:UTI) Operating Income Explanation

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

Universal Technical Institute's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=104.088 * ( 1 - 25.74% )/( (662.005 + 679.381)/ 2 )
=77.2957488/670.693
=11.52 %

where

Invested Capital(Q: Jun. 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))
=706.041 - 41.232 - ( 115.505 - max(0, 173.761 - 176.565+115.505))
=662.005

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

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

Universal Technical Institute's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=110.548/( ( (427.422 + max(-93.964, 0)) + (423.575 + max(-122.011, 0)) )/ 2 )
=110.548/( ( 427.422 + 423.575 )/ 2 )
=110.548/425.4985
=25.98 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(30.024 + 0 + 24.842) - (41.232 + 65.977 + 41.621)
=-93.964

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.29 + 0 + 22.755) - (48.206 + 92.538 + 39.312)
=-122.011

When net working capital is negative, 0 is used.

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

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

Universal Technical Institute's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=26.022/196.358
=13.25 %

* 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.

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.


Universal Technical Institute Operating Income Related Terms

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Universal Technical Institute Business Description

Traded in Other Exchanges
Address
4225 East Windrose Drive, Suite 200, Phoenix, AZ, USA, 85032
Universal Technical Institute Inc is an educational institution. It provides undergraduate degree, as well as certificate programs for technicians in the automotive, diesel, collision repair, motorcycle and marine fields. The company's reportable segment includes Universal Technical Institute (UTI) and Concorde Career Colleges. Majority of the revenue is generated from UTI segment which provides different kinds of degree and non-degree transportation and skilled trades technical training programs under brands such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute and others. It also provides dealer technician training or instructor staffing services to manufacturers.
Executives
Coliseum Capital Management, Llc 10 percent owner 105 ROWAYTON AVENUE, ROWAYTON CT 06853
Kenneth R Trammell director
Linda J Srere director 209 REDWOOD SHORES PARKWAY, REDWOOD CITY CA 94065
Robert Thomas Devincenzi director 825 E MIDDLEFIELD ROAD, MOUNTAIN VIEW CA 94043
Jerome Alan Grant officer: EVP & Chief Operating Officer 16220 N. SCOTTSDALE RD., SUITE 100, SCOTTSDALE AZ 85254
Loretta Lydia Sanchez director 4225 E. WINDROSE DRIVE, SUITE 200, PHOENIX AZ 85032
Troy R Anderson officer: EVP and CFO 16220 N SCOTTSDALE RD, SUITE 500, SCOTTSDALE AZ 85254
Tracy Kay Lorenz officer: UTI Division President 4225 E. WINDROSE DRIVE, SUITE 200, PHOENIX AZ 85032
Michael A. Slubowski director 4225 E. WINDROSE DRIVE, SUITE 200, PHOENIX AZ 85032
Jami J. Frazier officer: Division President 4225 E. WINDROSE DRIVE, SUITE 200, PHOENIX AZ 85032
Shannon Lei Okinaka director C/O HAWAIIAN HOLDINGS, INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Kimberly J Mcwaters director, officer: CEO and President 20410 NORTH 19TH AVENUE, PHOENIX AZ 85027
Bart Fesperman officer: Chief Commercial Officer 4225 EAST WINDROSE DRIVE, SUITE 200, PHOENIX AZ 85032
Sonia Claire Mason officer: Chief Human Resources Officer 4225 EAST WINDROSE DRIVE, SUITE 200, PHOENIX AZ 85032
George W. Brochick director 2555 TELEGRAPH RD, BLOOMFIELD HILLS MI 48302