GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Altus Power Inc (NYSE:AMPS) » Definitions » Operating Income

Altus Power (Altus Power) Operating Income : $22.0 Mil (TTM As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Altus Power Operating Income?

Altus Power's Operating Income for the three months ended in Mar. 2024 was $-0.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $22.0 Mil.

Warning Sign:

Altus Power 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. Altus Power's Operating Income for the three months ended in Mar. 2024 was $-0.7 Mil. Altus Power's Revenue for the three months ended in Mar. 2024 was $40.7 Mil. Therefore, Altus Power's Operating Margin % for the quarter that ended in Mar. 2024 was -1.76%.

Altus Power'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. Altus Power's annualized ROC % for the quarter that ended in Mar. 2024 was -0.06%. Altus Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.39%.


Altus Power Operating Income Historical Data

The historical data trend for Altus Power'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.

Altus Power Operating Income Chart

Altus Power Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Operating Income
13.54 19.89 19.60 24.46

Altus Power Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.79 13.43 11.17 -1.92 -0.72

Altus Power 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $22.0 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.


Altus Power  (NYSE:AMPS) Operating Income Explanation

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

Altus Power's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-2.868 * ( 1 - 54.7% )/( (1928.366 + 2105.436)/ 2 )
=-1.299204/2016.901
=-0.06 %

where

Invested Capital(Q: Dec. 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))
=2090.349 - 39.696 - ( 160.817 - max(0, 106.51 - 228.797+160.817))
=1928.366

Invested Capital(Q: Mar. 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))
=2218.476 - 42.417 - ( 173.266 - max(0, 146.085 - 216.708+173.266))
=2105.436

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

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

Altus Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=100.576/( ( (1792.851 + max(7.942, 0)) + (1929.062 + max(-22.921, 0)) )/ 2 )
=100.576/( ( 1800.793 + 1929.062 )/ 2 )
=100.576/1864.9275
=5.39 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17.1 + 0 + 50.88) - (39.696 + 2.94 + 17.402)
=7.942

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(20.057 + 0 + 23.385) - (42.417 + 2.802 + 21.144)
=-22.921

When net working capital is negative, 0 is used.

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

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

Altus Power's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=-0.717/40.659
=-1.76 %

* 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.


Altus Power Operating Income Related Terms

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


Altus Power (Altus Power) Business Description

Traded in Other Exchanges
Address
2200 Atlantic Street, 6th Floor, Stamford, CT, USA, 06902
Altus Power Inc is a renewable energy generation company focused on the commercial and industrial, public sector, and community solar customers. It operates as a developer, owner and operator of large-scale roof, ground and carport-based photovoltaic and energy storage systems, as well as electric vehicle charging facilities.
Executives
Lars Norell director, officer: See Remarks 12 EGGLESTON LANE, OLD GREENWICH CT 06870
Dustin Weber officer: See Remarks 2200 ATLANTIC STREET, 6TH FLOOR, STAMFORD CT 06902
Anthony Savino officer: See Remarks 2200 ATLANTIC STREET, 6TH FLOOR, STAMFORD CT 06902
Gso Altus Holdings Lp 10 percent owner 345 PARK AVENUE, 30TH FLOOR, NEW YORK NY 10154
William F Concannon director, officer: Chief Executive Officer 200 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10166
Gregg J Felton director, officer: See Remarks C/O FULL CIRCLE CAPITAL CORPORATION, 800 WESTCHESTER AVE., RYE BROOK NY 10573
Diane D Brink director C/O BELDEN INC., 1 N. BRENTWOOD BLVD., 15TH FLOOR, SAINT LOUIS MO 63105
Valueact Capital Management, Llc director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Gso Altus Holdings Associates Llc 10 percent owner 345 PARK AVENUE, 30TH FLOOR, NEW YORK NY 10154
Sharon Daley director 2200 ATLANTIC STREET, 6TH FLOOR, STAMFORD CT 06902
Cbre Acquisition Sponsor, Llc director, 10 percent owner 2100 MCKENNEY AVENUE, 12TH FLOOR, DALLAS TX 75201
Robert M Horn director C/O GSO CAPITAL PARTNERS LP, 345 PARK AVE., NEW YORK NY 10154
Cbre Group, Inc. director, 10 percent owner 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Cbre Services, Inc. director, 10 percent owner C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Christine Rose Detrick director 200 CLARENDON STREET, T-9, BOSTON MA 02116