Mobile Mini (Mobile Mini) Operating Income : $142.5 Mil (TTM As of Mar. 2020)

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What is Mobile Mini Operating Income?

Mobile Mini's Operating Income for the three months ended in Mar. 2020 was $24.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2020 was $142.5 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Mobile Mini's Operating Income for the three months ended in Mar. 2020 was $24.2 Mil. Mobile Mini's Revenue for the three months ended in Mar. 2020 was $149.0 Mil. Therefore, Mobile Mini's Operating Margin % for the quarter that ended in Mar. 2020 was 16.23%.

Mobile Mini'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. Mobile Mini's annualized ROC % for the quarter that ended in Mar. 2020 was 2.70%. Mobile Mini's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2020 was 7.96%.

Mobile Mini Operating Income Historical Data

The historical data trend for Mobile Mini'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.

Mobile Mini Operating Income Chart

Mobile Mini Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Operating Income

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124.51

119.12

112.74

139.67

153.84

Mobile Mini Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Operating Income	Get a 7-Day Free Trial															35.49	31.27	39.79	47.30	24.19

Mobile Mini 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $142.5 Mil.

Mobile Mini (NAS:MINI) Operating Income Explanation

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

Mobile Mini's annualized ROC % for the quarter that ended in Mar. 2020 is calculated as:

	ROC % (Q: Mar. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2019 )	+	Invested Capital (Q: Mar. 2020 ))	/ count )
=	96.752 * ( 1 - 44.44% )	/	( (2000.201	+	1985.752)	/ 2 )
=	53.7554112	/	1992.9765
=	2.70 %

where

	Invested Capital		(Q: Dec. 2019 )
=	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	))
=	2116.877	-	108.623	-	( 8.053	-	max(0, 108.623	-	121.96	+	8.053	))
=	2000.201

	Invested Capital		(Q: Mar. 2020 )
=	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	))
=	2100.251	-	103.704	-	( 10.795	-	max(0, 103.704	-	119.594	+	10.795	))
=	1985.752

Note: The Operating Income data used here is four times the quarterly (Mar. 2020) data.

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

Mobile Mini's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2019		Q: Mar. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	96.788	/	( ( (1216.522 + max(5.284, 0))	+	(1205.522 + max(5.095, 0)) )	/	2 )
=	96.788	/	( ( 1221.806	+	1210.617 )	/	2 )
=	96.788	/	1216.2115
=	7.96 %

where Working Capital is:

	Working Capital		(Q: Dec. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(104.39	+	9.517	+	0)	-	(108.623	+	0	+	0)
=	5.284

	Working Capital		(Q: Mar. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(99.259	+	9.54	+	-1.4210854715202E-14)	-	(103.704	+	0	+	0)
=	5.095

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2020) EBIT data.

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

Mobile Mini's Operating Margin % for the quarter that ended in Mar. 2020 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2020 )	/	Revenue (Q: Mar. 2020 )
	=	24.188	/	149.04
	=	16.23 %

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.

Mobile Mini Operating Income Related Terms

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Mobile Mini (Mobile Mini) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mobile Mini Inc (NAS:MINI) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

4646 East Van Buren Street, Suite 400, Phoenix, AZ, USA, 85008

Website

https://www.mobilemini.com

Mobile Mini Inc manufactures, rents, and sells portable storage containers. It generates the vast majority of its revenue from the rental of storage containers. The company's products are organized into two primary categories. Portable storage containers are dropped off at a customers' location by Mobile Mini and used by businesses in the retail, manufacturing, and construction industries. Tank and Pump Solutions consists of liquid and solid containers, as well as pumps and filtration equipment used by companies in the chemicals manufacturing, refining, mining, and the oil and gas industries. The company organizes itself into three segments based on geography: North America, United Kingdom, and Tank and Pump Solutions. The majority of revenue comes from the North America segment.

Executives

Kelly M Williams	officer: President & C.E.O.	7420 S. KYRENE ROAD, SUITE 101, TEMPE AZ 85283
Michael W Upchurch	director	KANSAS CITY SOUTHERN, PO BOX 219335, KANSAS CITY MO 64121
Jeffrey S Goble	director	10617 NORTH HAYDEN ROAD SUITE 100, SCOTTSDALE AZ 85260
Christopher J Miner	officer: Senior VP & General Counsel	7420 SOUTH KYRENE ROAD SUITE 101, TEMPE AZ 85253
Erik Olsson	director	C/O RSC HOLDINGS INC., 6929 E. GREENWAY PARKWAY, SCOTTSDALE AZ 85254
Kimberly J Mcwaters	director	20410 NORTH 19TH AVENUE, PHOENIX AZ 85027
Mark W Krivoruchka	officer: S.V.P. and Chief H.R. Officer	RSC HOLDINGS INC. 6929 EAST GREENWAY PARKWAY, SUITE 200 SCOTTSDALE AZ 85254
James J Martell	director	314 RINGLING POINT DRIVE, SARASOTA FL 34234
Sara R. Dial	director	3300 W. CAMELBACK ROAD, SCOTTSDALE AZ 85017
Stephen A Mcconnell	director	6700 EAST SOLANO DRIVE, PARADISE VALLEY AZ 85253
Sanjay Swani	director	320 PARK AVENUE STE 2500, NEW YORK NY 10022
Philip Hobson	officer: Executive V.P., Operations	C/O RSC HOLDINGS INC., 6929 E. GREENWAY PARKWAY, SCOTTSDALE AZ 85254
Thomas Scully	10 percent owner	320 PARK AVENUE, SUITE # 2500, NEW YORK NM 10022
Wcas Management Corp	10 percent owner	599 LEXINGTON AVENUE, SUITE 1800, NEW YORK NY 10022
Anthony F Ecock	10 percent owner	C/O ICAD INC, 98 SPIT BROOK ROAD SUITE 100, NASHUA NH 03062