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Next Meats Holdings (Next Meats Holdings) Operating Income : $-3.45 Mil (TTM As of Jan. 2024)


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What is Next Meats Holdings Operating Income?

Next Meats Holdings's Operating Income for the three months ended in Jan. 2024 was $-0.18 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2024 was $-3.45 Mil.

Warning Sign:

Next Meats Holdings Inc had lost money in 92% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Next Meats Holdings's Operating Income for the three months ended in Jan. 2024 was $-0.18 Mil. Next Meats Holdings's Revenue for the three months ended in Jan. 2024 was $0.27 Mil. Therefore, Next Meats Holdings's Operating Margin % for the quarter that ended in Jan. 2024 was -69.06%.

Next Meats Holdings'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. Next Meats Holdings's annualized ROC % for the quarter that ended in Jan. 2024 was -71.41%. Next Meats Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -701.08%.


Next Meats Holdings Operating Income Historical Data

The historical data trend for Next Meats Holdings'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.

Next Meats Holdings Operating Income Chart

Next Meats Holdings Annual Data
Trend Apr20 Apr21 Apr22 Apr23
Operating Income
- -0.03 -5.40 -4.63

Next Meats Holdings Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 -0.32 -2.66 -0.36 -0.24 -0.18

Next Meats Holdings 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.45 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.


Next Meats Holdings  (OTCPK:NXMH) Operating Income Explanation

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

Next Meats Holdings's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

ROC % (Q: Jan. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2023 ) + Invested Capital (Q: Jan. 2024 ))/ count )
=-0.732 * ( 1 - 0% )/( (1.098 + 0.952)/ 2 )
=-0.732/1.025
=-71.41 %

where

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

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

Next Meats Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.652/( ( (0.096 + max(-0.467, 0)) + (0.09 + max(-0.258, 0)) )/ 2 )
=-0.652/( ( 0.096 + 0.09 )/ 2 )
=-0.652/0.093
=-701.08 %

where Working Capital is:

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.152 + 0.141 + 0.04) - (0.262 + 0.538 + -2.2204460492503E-16)
=-0.467

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.214 + 0.082 + 0.046) - (0.303 + 0.296 + 0.00099999999999989)
=-0.258

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

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

Next Meats Holdings's Operating Margin % for the quarter that ended in Jan. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2024 )/Revenue (Q: Jan. 2024 )
=-0.183/0.265
=-69.06 %

* 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.


Next Meats Holdings Operating Income Related Terms

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Next Meats Holdings (Next Meats Holdings) Business Description

Traded in Other Exchanges
N/A
Address
3F 1-16-13 Ebisu Minami Shibuya-ku, Tokyo, JPN, 150-0022
Next Meats Holdings Inc. is a Japanese Company that operates in the alternative meat industry. It currently offers, and plans to continue to offer, amongst other things, artificial chicken and beef products made from meat substitutes. As will be described later on, Next Meats Co., Ltd. is now a wholly-owned subsidiary of the Company.
Executives
Koichi Ishizuka director, 10 percent owner, officer: CEO, CFO 3-1-21, CHUO, NAKANO-KU, TOKYO M0 164-0011
White Knight Co., Ltd. 10 percent owner 3F K MINAMIAOYAMA, 6-6-20 MINAMIAOYAMA, MINATO-KU, TOKYO M0 107-0062
Hideyuki Sasaki director, 10 percent owner, officer: Chief Operating Officer 5-2-4 NISHI, HANYU-SHI, SAITAMA M0 348-0054
Ryo Shirai director, 10 percent owner, other: Chairman of the Board 4-380-4- NAKAZAWA, NAGAOKA-SHI, NIIGATA M0 940-0853
Next Meats Co., Ltd 10 percent owner 3F 1-16-13 EBISU MINAMI, SHIBUYA-KU, TOKYO M0 150-0022
Flint Consulting Services, Llc 10 percent owner 780 RESERVOIR AVE #123, CRANSTON RI 029910

Next Meats Holdings (Next Meats Holdings) Headlines

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