LaSalle Hotel Properties (LaSalle Hotel Properties) Operating Income : $136 Mil (TTM As of Sep. 2018)

View and export this data going back to 2016. Start your Free Trial

What is LaSalle Hotel Properties Operating Income?

LaSalle Hotel Properties's Operating Income for the three months ended in Sep. 2018 was $51 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2018 was $136 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. LaSalle Hotel Properties's Operating Income for the three months ended in Sep. 2018 was $51 Mil. LaSalle Hotel Properties's Revenue for the three months ended in Sep. 2018 was $292 Mil. Therefore, LaSalle Hotel Properties's Operating Margin % for the quarter that ended in Sep. 2018 was 17.59%.

Warning Sign:

LaSalle Hotel Properties operating margin has been in 5-year decline. The average rate of decline per year is -1.1%.

LaSalle Hotel Properties's 5-Year average Growth Rate for Operating Margin % was -1.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. LaSalle Hotel Properties's annualized ROC % for the quarter that ended in Sep. 2018 was 6.51%. LaSalle Hotel Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2018 was %.

LaSalle Hotel Properties Operating Income Historical Data

The historical data trend for LaSalle Hotel Properties'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.

LaSalle Hotel Properties Operating Income Chart

LaSalle Hotel Properties Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Operating Income

Get a 7-Day Free Trial

141.21

182.28

187.26

194.66

149.97

LaSalle Hotel Properties Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Operating Income	Get a 7-Day Free Trial															46.29	24.47	0.99	59.30	51.45

LaSalle Hotel Properties 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. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $136 Mil.

LaSalle Hotel Properties (NYSE:LHOpJ.PFD) Operating Income Explanation

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

LaSalle Hotel Properties's annualized ROC % for the quarter that ended in Sep. 2018 is calculated as:

	ROC % (Q: Sep. 2018 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2018 )	+	Invested Capital (Q: Sep. 2018 ))	/ count )
=	205.784 * ( 1 - -3.55% )	/	( (3293.423	+	3258.008)	/ 2 )
=	213.089332	/	3275.7155
=	6.51 %

where

	Invested Capital		(Q: Jun. 2018 )
=	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	))
=	3651.538	-	179.232	-	( 220.771	-	max(0, 179.232	-	358.115	+	220.771	))
=	3293.423

	Invested Capital		(Q: Sep. 2018 )
=	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	))
=	3659.451	-	158.653	-	( 248.164	-	max(0, 158.653	-	401.443	+	248.164	))
=	3258.008

Note: The Operating Income data used here is four times the quarterly (Sep. 2018) data.

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

LaSalle Hotel Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2018 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2018 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2018		Q: Sep. 2018
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-281.376	/	( ( (0 + max(-41.888, 0))	+	(0 + max(-5.374, 0)) )	/	2 )
=	-281.376	/	( ( 0	+	0 )	/	2 )
=	-281.376	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(43.904	+	14.781	+	78.659)	-	(179.232	+	0	+	0)
=	-41.888

	Working Capital		(Q: Sep. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(41.732	+	18.681	+	92.866)	-	(158.653	+	0	+	0)
=	-5.374

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2018) EBIT data.

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

LaSalle Hotel Properties's Operating Margin % for the quarter that ended in Sep. 2018 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2018 )	/	Revenue (Q: Sep. 2018 )
	=	51.446	/	292.41
	=	17.59 %

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.

LaSalle Hotel Properties Operating Income Related Terms

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

LaSalle Hotel Properties (LaSalle Hotel Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » LaSalle Hotel Properties (NYSE:LHOpJ.PFD) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.lasallehotels.com

LaSalle Hotel Properties is a real estate investment trust that primarily buys, owns, redevelops, and leases upscale and luxury full-service hotels. These hotels are located in convention, resort, and major urban business markets in certain states across the United States. The primary urban markets include Boston, Chicago, Los Angeles, New York, San Diego, San Francisco, Seattle, and Washington, DC. The company's assets are held by and managed through LaSalle Hotel Operating Partnership, L.P. The firm is the sole general partner of the operating partnership. The company derives its income from its hotel operating revenue, its only segment.

Executives

Jeffrey L Martin	director	7550 WISCONSIN AVE, 10TH FLOOR, BETHESDA MD 20814
Kenneth G Fuller	officer: EVP, CFO, Secretary, Treasurer	7550 WISCONSIN AVE, 10TH FLOOR, BETHESDA MD 20814
Denise M Coll	director	3 BETHESDA METRO CENTER, SUITE 1200, BETHESDA MD 20814
Jeffrey T. Foland	director	P.O. BOX 66100 - HDQLD, CHICAGO IL 60666
Bruce A Riggins	officer: CFO, EVP and Secretary	7550 WISCONSIN AVE, 10TH FLOOR, BETHESDA MD 20814
Alfred L. Young	officer: EVP and COO	3 BETHESDA METRO CENTER, SUITE 1200, BETHESDA MD 20814
Julio E Morales	officer: Chief Accounting Officer	3 BETHESDA METRO CENTER, SUITE 1000, BETHESDA MD 20814
Jon E Bortz	director, officer: Chairman, President and CEO	4747 BETHESDA AVENUE, SUITE 1100, BETHESDA MD 20814
Donald A Washburn	director	222 SW HARRISON STREET, APT 23C, PORTLAND OR 97201
Leonard Darryl Hartley	director	PGI, 44 CANAL CENTER PLAZA SECOND FL, ALEXANDRIA VA 22314
Stuart L Scott	director	JONES LANG LASALLE INCORPORATED, 200 E RANDOLPH DR, CHICAGO IL 60601
William S Mccalmont	director	3300 DREXEL, DALLAS TX 75205
Michael D Barnello	officer: Chief Operating Officer	LASALLE HOTEL PROPERTIES, 4800 MONTGOMERY LANE STE M25, BETHESDA MD 20814
Donald S Perkins	director	1319 MARQUETTE DR, ROMEOVILLE IL 60441
Kelly L Kuhn	director	84 INVERNESS CIRCLE EAST, ENGLEWOOD CO 80112