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Ivanhoe Electric (Ivanhoe Electric) Operating Income : $-198.69 Mil (TTM As of Mar. 2024)


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What is Ivanhoe Electric Operating Income?

Ivanhoe Electric's Operating Income for the three months ended in Mar. 2024 was $-56.88 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-198.69 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ivanhoe Electric's Operating Income for the three months ended in Mar. 2024 was $-56.88 Mil. Ivanhoe Electric's Revenue for the three months ended in Mar. 2024 was $0.36 Mil. Therefore, Ivanhoe Electric's Operating Margin % for the quarter that ended in Mar. 2024 was -15,800.28%.

Ivanhoe Electric'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. Ivanhoe Electric's annualized ROC % for the quarter that ended in Mar. 2024 was -78.94%. Ivanhoe Electric's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -97.76%.


Ivanhoe Electric Operating Income Historical Data

The historical data trend for Ivanhoe Electric'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.

Ivanhoe Electric Operating Income Chart

Ivanhoe Electric Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
-26.18 -26.60 -60.75 -132.17 -180.40

Ivanhoe Electric Quarterly Data
Dec19 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 Premium Member Only -38.59 -47.39 -46.97 -47.46 -56.88

Ivanhoe Electric 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 $-198.69 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.


Ivanhoe Electric  (AMEX:IE) Operating Income Explanation

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

Ivanhoe Electric'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 )
=-227.524 * ( 1 - 0.04% )/( (286.515 + 289.701)/ 2 )
=-227.4329904/288.108
=-78.94 %

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))
=487.226 - 23.948 - ( 205.043 - max(0, 39.723 - 216.486+205.043))
=286.515

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))
=461.156 - 22.294 - ( 149.161 - max(0, 39.214 - 191.846+149.161))
=289.701

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

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

Ivanhoe Electric'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 )
=-227.524/( ( (222.935 + max(-14.909, 0)) + (224.647 + max(17.911, 0)) )/ 2 )
=-227.524/( ( 222.935 + 242.558 )/ 2 )
=-227.524/232.7465
=-97.76 %

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)
=(3.326 + 5.013 + 3.104) - (23.948 + 2.404 + 0)
=-14.909

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.319 + 5.313 + 33.053) - (22.294 + 2.48 + 0)
=17.911

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 %:

Ivanhoe Electric'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 )
=-56.881/0.36
=-15,800.28 %

* 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.


Ivanhoe Electric Operating Income Related Terms

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


Ivanhoe Electric (Ivanhoe Electric) Business Description

Traded in Other Exchanges
Address
606?–?999 Canada Place, Vancouver, BC, CAN, V6C 3E1
Ivanhoe Electric Inc is a United States-based minerals exploration and development company with a focus on developing mines from mineral deposits located in the United States. The company has three reportable segments; Critical metals segment is focused on mineral project exploration and development with a focus on identifying and developing mineral projects, and ultimately mines, associated with the metals necessary for electrification, The data processing segment provides data analytics, geophysical modeling, and artificial intelligence services for the mineral, oil & gas and water exploration industries, and The energy storage segment develops, manufactures and installs vanadium flow batteries for grid-scale energy storage. It derives a majority of its revenue from Canada.
Executives
Taylor Melvin director, officer: President and CEO C/O IVANHOE ELECTRIC INC., 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1
Stephani Terhorst officer: Vice President Human Resources 1605 CROWN POINT ROAD, MCKINNEY TX 75072
Sofia Bianchi director P.O. BOX 68861, RIYADH T0 11537
Catherine Anne Barone officer: Chief Financial Officer 63 CLIFFWOOD DR, PORT MOODY A1 V3H 5J8
Ronald J Vance director C/O ROYAL GOLD, 1144 15TH STREET, SUITE 2500, DENVER CO 80202
Gibson Mark Andrew Stuart officer: Chief Operating Officer 1101, 172 VICTORY SHIP WAY, NORTH VANCOUVER A1 V7L 0B5
Boyd Graham Richard Thomas officer: Vice President, US Projects 1254 E 15TH AVE, VANCOUVER A1 V5T 2S8
Young Evan James Macmillan officer: VP, Corporate Development 123 LANGLEY AVENUE, TORONTO A6 M4K 1B6
Patrick Loftus-hills director 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1
Cassandra Pulskamp Joseph officer: VP, Gen Counsel and Corp Sec C/O IVANHOE ELECTRIC INC., 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1
Quentin Markin officer: See Remarks C/O IVANHOE ELECTRIC INC., 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1
Robert M Friedland director, officer: Chief Executive Officer 150 BEACH ROAD #25-03, THE GATEWAY WEST, SINGAPORE U0 189720
Jordan Neeser officer: Chief Financial Officer C/O IVANHOE ELECTRIC INC., 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1
I-pulse Inc. 10 percent owner 150 BEACH ROAD #25-003, THE GATEWAY WEST, SINGAPORE U0 189720
Glen Nickolas Kuntz officer: Chief Tech & Innovation Off. 4300 LOCH LOMOND ROAD, THUNDER BAY A6 P7J 1N9