Hall Of Fame Resort & Entertainment Co (Hall Of Fame Resort & Entertainment Co) Operating Income : $-33.13 Mil (TTM As of Mar. 2024)

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What is Hall Of Fame Resort & Entertainment Co Operating Income?

Hall Of Fame Resort & Entertainment Co's Operating Income for the three months ended in Mar. 2024 was $-7.09 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-33.13 Mil.

Warning Sign:

Hall Of Fame Resort & Entertainment Co has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Hall Of Fame Resort & Entertainment Co's Operating Income for the three months ended in Mar. 2024 was $-7.09 Mil. Hall Of Fame Resort & Entertainment Co's Revenue for the three months ended in Mar. 2024 was $4.19 Mil. Therefore, Hall Of Fame Resort & Entertainment Co's Operating Margin % for the quarter that ended in Mar. 2024 was -169.22%.

Hall Of Fame Resort & Entertainment Co'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. Hall Of Fame Resort & Entertainment Co's annualized ROC % for the quarter that ended in Mar. 2024 was -6.14%. Hall Of Fame Resort & Entertainment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -8.17%.

Hall Of Fame Resort & Entertainment Co Operating Income Historical Data

The historical data trend for Hall Of Fame Resort & Entertainment Co'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.

Hall Of Fame Resort & Entertainment Co Operating Income Chart

Hall Of Fame Resort & Entertainment Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

-20.77

-32.71

-34.64

-37.99

-40.60

Hall Of Fame Resort & Entertainment Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Operating Income	Get a 7-Day Free Trial															-13.42	-9.53	-10.04	-6.47	-7.09

Hall Of Fame Resort & Entertainment Co 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 $-33.13 Mil.

Hall Of Fame Resort & Entertainment Co (NAS:HOFV) Operating Income Explanation

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

Hall Of Fame Resort & Entertainment Co'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 )
=	-28.368 * ( 1 - 0% )	/	( (420.089	+	504.546)	/ 2 )
=	-28.368	/	462.3175
=	-6.14 %

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	))
=	441.897	-	23.119	-	( 5.243	-	max(0, 28.561	-	27.25	+	5.243	))
=	420.089

	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	))
=	439.571	-	26.09	-	( 4.713	-	max(0, 101.217	-	10.152	+	4.713	))
=	504.546

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

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

Hall Of Fame Resort & Entertainment Co'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 )
=	-28.612	/	( ( (351.767 + max(-6.554, 0))	+	(348.901 + max(-28.802, 0)) )	/	2 )
=	-28.612	/	( ( 351.767	+	348.901 )	/	2 )
=	-28.612	/	350.334
=	-8.17 %

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)
=	(1.108	+	0	+	20.899)	-	(23.119	+	5.442	+	0)
=	-6.554

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.268	+	0	+	4.171)	-	(26.09	+	8.151	+	0)
=	-28.802

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 %:

Hall Of Fame Resort & Entertainment Co'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 )
	=	-7.092	/	4.191
	=	-169.22 %

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.

Hall Of Fame Resort & Entertainment Co Operating Income Related Terms

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Hall Of Fame Resort & Entertainment Co (Hall Of Fame Resort & Entertainment Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hall Of Fame Resort & Entertainment Co (NAS:HOFV) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

2626 Fulton Drive NW, Canton, OH, USA, 44718

Website

https://www.hofreco.com

Hall Of Fame Resort & Entertainment Co operates as a holding company. The firm is a sports, entertainment, and media company. It generates revenues from various streams such as sponsorship agreements, rents, cost recoveries, events, hotel operation, Hall of Fantasy League, and through the sale of media assets.

Executives

Buiten John Van	officer: VP of Accounting/Controller	C/O JAY PHARMA INC., 4851 TAMIAMI TRAIL N, SUITE 200, NAPLES FL 34103
Jerome Bettis	director	2870 PEACHTREE RD NW, SUITE 509, ATLANTA GA 30305
Michael Anthony Crawford	director, officer: President and CEO	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718
Michael S Levy	officer: President of Operations	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718
Marcus Lemarr Allen	director	HALL OF FAME RESORT & ENTERTAINMENT CO, 2626 FULTON AVE NW, CANTON OH 44708
Teri Wagner Flynn	director	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON DRIVE NW, CANTON OH 44718
Victor S. Gregovits	officer: EVP of Sales & Marketing	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON DRIVE NW, CANTON OH 44718
Benjamin J Lee	officer: Chief Financial Officer	2626 FULTON DRIVE, NW, C/O HALL OF FAME RESORT & ENTERTAIN CO, CANTON OH 44718
Karl Holz	director	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718
Mary Owen	director	C/O HALL OF FAME RESORT & ENTERTAIN CO, 2626 FULTON AVE NW, CANTON OH 44718
James J. Dolan	director	C/O TRISTATE CAPITAL HOLDINGS, INC., ONE OXFORD CENTRE, SUITE 2700, PITTSBURGH PA 15219
Stuart Lichter	director	631 PASEO DE LA PLAYA, REDONDO BEACH CA 90277
Anthony J. Buzzelli	director	C/O TRISTATE CAPITAL HOLDINGS, INC, ONE OXFORD CENTRE, SUITE 2700, PITTSBURGH PA 15219
Kimberly Schaefer	director	C/O SEAWORLD ENTERTAINMENT, INC., 6240 SEA HARBOR DR, ORLANDO FL 32821
Erica Muhleman	officer: EVP of New Bus. Dev./Marketing	2626 FULTON DRIVE NW, CANTON OH 44718