Maxus Realty Trust (Maxus Realty Trust) Operating Income : $1.49 Mil (TTM As of Mar. 2008)

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What is Maxus Realty Trust Operating Income?

Maxus Realty Trust's Operating Income for the three months ended in Mar. 2008 was $0.33 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2008 was $1.49 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Maxus Realty Trust's Operating Income for the three months ended in Mar. 2008 was $0.33 Mil. Maxus Realty Trust's Revenue for the three months ended in Mar. 2008 was $3.37 Mil. Therefore, Maxus Realty Trust's Operating Margin % for the quarter that ended in Mar. 2008 was 9.79%.

Maxus Realty Trust'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. Maxus Realty Trust's annualized ROC % for the quarter that ended in Mar. 2008 was 1.98%. Maxus Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2008 was 2.06%.

Maxus Realty Trust Operating Income Historical Data

The historical data trend for Maxus Realty Trust'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.

Maxus Realty Trust Operating Income Chart

Maxus Realty Trust Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Operating Income

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0.86

0.50

0.51

1.05

1.54

Maxus Realty Trust Quarterly Data
	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08
Operating Income	Get a 7-Day Free Trial															0.38	0.43	0.07	0.66	0.33

Maxus Realty Trust 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. 2008 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.49 Mil.

Maxus Realty Trust (OTCPK:MRTI) Operating Income Explanation

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

Maxus Realty Trust's annualized ROC % for the quarter that ended in Mar. 2008 is calculated as:

	ROC % (Q: Mar. 2008 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2007 )	+	Invested Capital (Q: Mar. 2008 ))	/ count )
=	1.32 * ( 1 - % )	/	( (67.153	+	66.403)	/ 2 )
=	1.32	/	66.778
=	1.98 %

where

	Invested Capital		(Q: Dec. 2007 )
=	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	))
=	72.7	-	1.216	-	( 5.537	-	max(0, 1.216	-	5.547	+	5.537	))
=	67.153

	Invested Capital		(Q: Mar. 2008 )
=	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	))
=	71.309	-	1.835	-	( 4.905	-	max(0, 1.835	-	4.906	+	4.905	))
=	66.403

Note: The Operating Income data used here is four times the quarterly (Mar. 2008) data.

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

Maxus Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2008 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2008 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2007		Q: Mar. 2008
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1.32	/	( ( (64.204 + max(-1.206, 0))	+	(63.937 + max(-1.834, 0)) )	/	2 )
=	1.32	/	( ( 64.204	+	63.937 )	/	2 )
=	1.32	/	64.0705
=	2.06 %

where Working Capital is:

	Working Capital		(Q: Dec. 2007 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.01	+	0	+	0)	-	(1.216	+	0	+	0)
=	-1.206

	Working Capital		(Q: Mar. 2008 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.001	+	0	+	0)	-	(1.835	+	0	+	0)
=	-1.834

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2008) EBIT data.

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

Maxus Realty Trust's Operating Margin % for the quarter that ended in Mar. 2008 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2008 )	/	Revenue (Q: Mar. 2008 )
	=	0.33	/	3.371
	=	9.79 %

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.

Maxus Realty Trust Operating Income Related Terms

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Maxus Realty Trust (Maxus Realty Trust) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Maxus Realty Trust Inc (OTCPK:MRTI) » Definitions » Operating Income

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Address

104 Armour Road, PO Box 34729, North Kansas City, MO, USA, 64116

Website

http://www.mrti.com

Maxus Realty Trust Inc is a real estate company. The trust's purpose is to acquire interests in income-producing real properties, primarily multifamily apartment communities. It invests in income-producing real properties and multifamily apartment communities.