WNMLA (Winmill) Operating Income: $-0.04 Mil (TTM As of Sep. 2023)

What is Winmill Operating Income?

Winmill WNMLA 53 Operating Income is $-0.04 Mil as of Sep. 2023. GuruFocus rates WNMLA with a GF Score™ of 53/100.

Winmill's Operating Income for the three months ended in Sep. 2023 was $-0.04 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.04 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Winmill's Operating Income for the three months ended in Sep. 2023 was $-0.04 Mil. Winmill's Revenue for the three months ended in Sep. 2023 was $0.17 Mil. Therefore, Winmill's Operating Margin % for the quarter that ended in Sep. 2023 was -23.56%.

Winmill'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. Winmill's annualized ROC % for the quarter that ended in Sep. 2023 was -656.00%. Winmill's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -1,490.91%.

Winmill (OTCPK:WNMLA) Operating Income Explanation

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

Winmill's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2022 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-0.164 * ( 1 - 0% )	/	( (0	+	0.024999999999999)	/ 1 )
=	-0.164	/	0.024999999999999
=	-656.00 %

where

	Invested Capital		(Q: Sep. 2022 )
=	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	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	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	))
=	10.184	-	0.147	-	( 10.024	-	max(0, 0.147	-	10.159	+	10.024	))
=	0.024999999999999

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

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

Winmill's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2022		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.164	/	( ( (0 + max(0, 0))	+	(0.011 + max(-0.038999999999998, 0)) )	/	1 )
=	-0.164	/	( ( 0	+	0.011 )	/	1 )
=	-0.164	/	0.011
=	-1,490.91 %

where Working Capital is:

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.057	+	0	+	0.051000000000002)	-	(0.147	+	0	+	0)
=	-0.038999999999998

When net working capital is negative, 0 is used.

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

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

Winmill's Operating Margin % for the quarter that ended in Sep. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	-0.041	/	0.174
	=	-23.56 %

* 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.

Winmill Operating Income Related Terms

Winmill Operating Income Historical Data

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

Winmill Operating Income Chart

Winmill Annual Data

Trend

Dec97

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Operating Income

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0.22

1.24

0.09

3.86

0.57

Winmill Quarterly Data
	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Dec04	Dec05	Dec06	Sep22	Sep23
Operating Income	Get a 7-Day Free Trial															0.00	0.00	0.00	-0.04	-0.04

53GF Score

Winmill & Co Inc WNMLA

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Winmill 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.04 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $-0.04 Mil mean?

Winmill (WNMLA) has a Operating Income of $-0.04 Mil as of Sep. 2023. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Winmill and its competitors.

Is Winmill's Operating Income too high?

Winmill's current Operating Income is $-0.04 Mil. Overall, Winmill has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.

How does Winmill's Operating Income compare to DEFG and MVNT?

Winmill's Operating Income of $-0.04 Mil can be compared against companies in the Asset Management 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 an Asset Management company?

A good Operating Income depends on the Asset Management 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 Winmill and its competitors. Winmill's current Operating Income is $-0.04 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Winmill stock overvalued right now?

Winmill (WNMLA) has a current Operating Income of $-0.04 Mil. The current Operating Income is $-0.04 Mil. Winmill's overall GF Score™ is 53/100. 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 Winmill (WNMLA), the current Operating Income is $-0.04 Mil as of Sep. 2023. 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.

Winmill Business Description

Industry Financial Services Asset Management

Comparable Companies DEFG MVNT ILUS BNCM FXBY BMNM BENF PWM LGCP NNRI BLK KKR BX OSTO:INVE A TSX:BN APO BK AMP LSE:III OSTO:EQT

Address P.O. Box 4, Walpole, NH, USA, 03608

Website https://www.winmillco.com

Winmill & Co Inc through its subsidiaries provides investment management and distribution for the two mutual funds in the Midas Funds family and investment management for the closed end fund Foxby Corp. The objective of the Company is to increase book value per share over time for the benefit of its stockholders.

53GF Score

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