VTMB (Vitamin Blue) Operating Income: $-0.11 Mil (TTM As of Sep. 2013)

What is Vitamin Blue Operating Income?

Vitamin Blue VTMB -99.00% Operating Income is $-0.11 Mil as of Sep. 2013.

Vitamin Blue's Operating Income for the three months ended in Sep. 2013 was $-0.02 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2013 was $-0.11 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Vitamin Blue's Operating Income for the three months ended in Sep. 2013 was $-0.02 Mil. Vitamin Blue's Revenue for the three months ended in Sep. 2013 was $0.05 Mil. Therefore, Vitamin Blue's Operating Margin % for the quarter that ended in Sep. 2013 was -39.58%.

Vitamin Blue'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. Vitamin Blue's annualized ROC % for the quarter that ended in Sep. 2013 was -9.99%. Vitamin Blue's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2013 was -38,900.00%.

Vitamin Blue (OTCPK:VTMB) Operating Income Explanation

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

Vitamin Blue's annualized ROC % for the quarter that ended in Sep. 2013 is calculated as:

	ROC % (Q: Sep. 2013 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2013 )	+	Invested Capital (Q: Sep. 2013 ))	/ count )
=	-0.076 * ( 1 - 0% )	/	( (0.8	+	0.721)	/ 2 )
=	-0.076	/	0.7605
=	-9.99 %

where

	Invested Capital		(Q: Jun. 2013 )
=	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	))
=	0.044	-	0.225	-	( 0.003	-	max(0, 1.009	-	0.028	+	0.003	))
=	0.8

	Invested Capital		(Q: Sep. 2013 )
=	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	))
=	0.044	-	0.224	-	( 0.003	-	max(0, 0.934	-	0.033	+	0.003	))
=	0.721

Note: The Operating Income data used here is four times the quarterly (Sep. 2013) data.

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

Vitamin Blue's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2013 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2013 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2013		Q: Sep. 2013
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.556	/	( ( (0.004 + max(-0.688, 0))	+	(0.004 + max(-0.605, 0)) )	/	2 )
=	-1.556	/	( ( 0.004	+	0.004 )	/	2 )
=	-1.556	/	0.004
=	-38,900.00 %

where Working Capital is:

	Working Capital		(Q: Jun. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.01	+	0.01	+	0.005)	-	(0.225	+	0	+	0.488)
=	-0.688

	Working Capital		(Q: Sep. 2013 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.014	+	0.011	+	0.005)	-	(0.224	+	0	+	0.411)
=	-0.605

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2013) EBIT data.

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

Vitamin Blue's Operating Margin % for the quarter that ended in Sep. 2013 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2013 )	/	Revenue (Q: Sep. 2013 )
	=	-0.019	/	0.048
	=	-39.58 %

* 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.

Vitamin Blue Operating Income Related Terms

Vitamin Blue Operating Income Historical Data

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The historical data trend for Vitamin Blue's Operating Income can be seen below:

Vitamin Blue Operating Income Chart

Vitamin Blue Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Operating Income

-0.07

-0.10

-0.13

-0.12

Vitamin Blue Quarterly Data
	Dec08	Dec09	Mar10	Jun10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Operating Income	Get a 7-Day Free Trial											-0.04	-0.03	-0.02	-0.04	-0.02

Vitamin Blue 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. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.11 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $-0.11 Mil mean?

Vitamin Blue (VTMB) has a Operating Income of $-0.11 Mil as of Sep. 2013. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Vitamin Blue and its competitors.

Is Vitamin Blue's Operating Income too high?

Vitamin Blue's current Operating Income is $-0.11 Mil.

How does Vitamin Blue's Operating Income compare to GBBT and BWMG?

Vitamin Blue's Operating Income of $-0.11 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Operating Income for a Travel & Leisure company?

A good Operating Income depends on the Travel & Leisure industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Operating Income mean?

A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Vitamin Blue and its competitors. Vitamin Blue's current Operating Income is $-0.11 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Vitamin Blue stock overvalued right now?

Vitamin Blue (VTMB) has a current Operating Income of $-0.11 Mil. The current Operating Income is $-0.11 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Operating Income calculated?

Operating Income is calculated from a company's financial statements. For Vitamin Blue (VTMB), the current Operating Income is $-0.11 Mil as of Sep. 2013. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Vitamin Blue Business Description

Industry Consumer Cyclical Travel & Leisure

Comparable Companies GBBT BWMG SCRH XFTBE AASP MLFB EPGG AMMA TIXC PRKA CGUNF GLXZ GBYLF VXELD SKIS BWL.A DVD BTN JAKK CLUB

Address 1005 West 18th Street, Costa Mesa, CA, USA, 92627

Website https://www.vitaminblue.com

Vitamin Blue Inc is an innovative water boardsports company based in Costa Mesa, California. It designs, manufactures and distributes water boardsports wear (boardshorts and t-shirts) and accessories (board bags, paddle bags and rack pads). The company is focused on becoming a water boardsports brand of long-term excellence through its commitment to exceeding its customers' expectations by producing products of the highest quality and athletic performance. It is an authentic source for unique, functional and diverse water boardsports products.