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GP Strategies (GP Strategies) Operating Income : $19.0 Mil (TTM As of Jun. 2021)


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What is GP Strategies Operating Income?

GP Strategies's Operating Income for the three months ended in Jun. 2021 was $5.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2021 was $19.0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. GP Strategies's Operating Income for the three months ended in Jun. 2021 was $5.8 Mil. GP Strategies's Revenue for the three months ended in Jun. 2021 was $128.8 Mil. Therefore, GP Strategies's Operating Margin % for the quarter that ended in Jun. 2021 was 4.52%.

Warning Sign:

GP Strategies Corp operating margin has been in 5-year decline. The average rate of decline per year is -25.3%.

GP Strategies's 5-Year average Growth Rate for Operating Margin % was -25.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. GP Strategies's annualized ROC % for the quarter that ended in Jun. 2021 was 6.42%. GP Strategies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was 18.58%.


GP Strategies Operating Income Historical Data

The historical data trend for GP Strategies'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.

GP Strategies Operating Income Chart

GP Strategies Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.56 24.61 18.10 16.85 7.38

GP Strategies 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 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 -0.14 1.34 7.69 4.14 5.82

GP Strategies 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 $19.0 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.


GP Strategies  (NYSE:GPX) Operating Income Explanation

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

GP Strategies'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 )
=23.296 * ( 1 - 24.67% )/( (272.258 + 274.345)/ 2 )
=17.5488768/273.3015
=6.42 %

where

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

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

GP Strategies'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 )
=13.952/( ( (23.315 + max(46.279, 0)) + (21.632 + max(58.989, 0)) )/ 2 )
=13.952/( ( 69.594 + 80.621 )/ 2 )
=13.952/75.1075
=18.58 %

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)
=(87.23 + 0 + 61.843) - (75.724 + 19.583 + 7.487)
=46.279

Working Capital(Q: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(100.494 + 0 + 63.412) - (83.583 + 16.511 + 4.823)
=58.989

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 %:

GP Strategies'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 )
=5.824/128.782
=4.52 %

* 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.


GP Strategies Operating Income Related Terms

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GP Strategies (GP Strategies) Business Description

Traded in Other Exchanges
N/A
Address
70 Corporate Center, Suite 300, 11000 Broken Land Parkway, Columbia, MD, USA, 21044
GP Strategies Corp provides training, e-Learning solutions, management consulting, and engineering services. The company serves companies in the automotive, financial services and insurance, steel, oil and gas, power, chemical, electronics and technology, manufacturing, software, retail, healthcare, education, and food and beverage industries, as well as government agencies. Its training offerings include content and curriculum development, e-Learning, learning and training outsourcing, and documentation development.
Executives
Pfenniger Richard C Jr director 4400 BISCAYNE BLVD., MIAMI FL 33137
Marshall S Geller director 10866 WILSHIRE BLVD., SUITE 1450, LOS ANGELES CA 90024
Tamar Elkeles director 1040 MUIRLANDS DRIVE LA JOLLA CA 92037
Samuel D. Robinson director C/O SAGARD CAPITAL MGMT. CORPORATION 325 GREENWICH AVENUE GREENWICH CT 06830
Steven Elliot Koonin director 1535 RANCHO CONEJO BLVD THOUSAND OAKS CA 91320
Jacques Manardo director
Adam H Stedham officer: CEO & President GP STRATEGIES CORPORATION, 11000 BROKEN LAND PARKWAY, SUITE 200, COLUMBIA MD 21044
James L Galante officer: SVP & General Counsel GP STRATEGIES CORPORATION 11000 BROKEN LAND PARKWAY SUITE 200 COLUMBIA MD 21044
Scott N Greenberg director 9 WEST 57 STREET, SUITE 4170, NEW YORK NY 10019
Russell L. Becker officer: EVP, Chief Sales Officer GP STRATEGIES CORPORATION 11000 BROKEN LAND PKWY, SUITE 200 COLUMBIA MD 21044
Michael R Dugan officer: EVP & Chief Financial Officer GP STRATEGIES CORPORATION 11000 BROKEN LAND PARKWAY, SUITE 200 COLUMBIA MD 21044
Donald R Duquette officer: Executive Vice President 6095 MARSHALEE DRIVE SUITE 300 ELKRIDGE MD 21075
Patricia R. Begley officer: Executive Vice President GP STRATEGIES CORPORATION 6095 MARSHALEE DR., SUITE 300 ELKRIDGE MD 21075
Kenneth L Crawford officer: EVP & General Counsel 6095 MARSHALEE DRIVE SUITE 300 ELKRIDGE MD 21075
Cove Street Capital, Llc 10 percent owner 525 SOUTH DOUGLAS STREET, SUITE 225, EL SEGUNDO CA 90245