Perma-Pipe International Holdings (Perma-Pipe International Holdings) Operating Income : $13.4 Mil (TTM As of Jan. 2024)

View and export this data going back to 1989. Start your Free Trial

What is Perma-Pipe International Holdings Operating Income?

Perma-Pipe International Holdings's Operating Income for the three months ended in Jan. 2024 was $4.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2024 was $13.4 Mil.

Warning Sign:

Perma-Pipe International Holdings Inc has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Perma-Pipe International Holdings's Operating Income for the three months ended in Jan. 2024 was $4.6 Mil. Perma-Pipe International Holdings's Revenue for the three months ended in Jan. 2024 was $40.2 Mil. Therefore, Perma-Pipe International Holdings's Operating Margin % for the quarter that ended in Jan. 2024 was 11.33%.

Perma-Pipe International 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. Perma-Pipe International Holdings's annualized ROC % for the quarter that ended in Jan. 2024 was 53.53%. Perma-Pipe International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 21.86%.

Perma-Pipe International Holdings Operating Income Historical Data

The historical data trend for Perma-Pipe International 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.

Perma-Pipe International Holdings Operating Income Chart

Perma-Pipe International Holdings Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Operating Income

Get a 7-Day Free Trial

4.88

-11.38

8.11

11.14

13.36

Perma-Pipe International Holdings Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Operating Income	Get a 7-Day Free Trial															3.12	0.08	2.69	6.04	4.55

Perma-Pipe International 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 $13.4 Mil.

Perma-Pipe International Holdings (NAS:PPIH) Operating Income Explanation

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

Perma-Pipe International 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 )
=	18.212 * ( 1 - -204.06% )	/	( (99.524	+	107.387)	/ 2 )
=	55.3754072	/	103.4555
=	53.53 %

where

	Invested Capital		(Q: Oct. 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	))
=	144.205	-	38.66	-	( 6.021	-	max(0, 57.538	-	94.653	+	6.021	))
=	99.524

	Invested Capital		(Q: Jan. 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	))
=	155.711	-	42.479	-	( 5.845	-	max(0, 57.742	-	98.818	+	5.845	))
=	107.387

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

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

Perma-Pipe International 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 )
=	15.456	/	( ( (42.227 + max(29.066, 0))	+	(44.087 + max(26.041, 0)) )	/	2 )
=	15.456	/	( ( 71.293	+	70.128 )	/	2 )
=	15.456	/	70.7105
=	21.86 %

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)
=	(47.095	+	16.052	+	8.703)	-	(38.66	+	4.124	+	0)
=	29.066

	Working Capital		(Q: Jan. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(46.646	+	15.541	+	11.092)	-	(42.479	+	4.759	+	0)
=	26.041

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 %:

Perma-Pipe International 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 )
	=	4.553	/	40.179
	=	11.33 %

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.

Perma-Pipe International Holdings Operating Income Related Terms

Thank you for viewing the detailed overview of Perma-Pipe International Holdings's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Perma-Pipe International Holdings (Perma-Pipe International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Perma-Pipe International Holdings Inc (NAS:PPIH) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

24900 Pitkin Road, Suite 309, Spring, TX, USA, 77386

Website

https://www.permapipe.com

Perma-Pipe International Holdings Inc is engaged in the manufacture and sale of products in the reportable segment of Piping Systems. The company engineers, designs, manufactures and sells specialty piping systems and leak detection systems. Specialty piping systems include insulated and jacketed district heating and cooling piping systems for efficient energy distribution from central energy plants to multiple locations, primary and secondary containment piping systems for transporting chemicals, hazardous fluids and petroleum products, and the coating and insulation of oil and gas gathering and transmission pipelines. It operates in the United States, Canada, Middle East, Europe, India and other countries.

Executives

David B Brown	director	9870 PLANO ROAD, DALLAS TX 75238
Cynthia Boiter	director	6410 W. HOWARD STREET, NILES IL 60714
Jerome T. Walker	director	10205 WESTHEIMER, SUITE 1000, HOUSTON TX 77042
Robert Joseph Mcnally	director	625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222
Matthew Earl Lewicki	officer: Chief Accounting Officer	20719 KINGS CROWN CT, HUMBLE TX 77346
David S Barrie	director	2409 BOXWOOD LANE, FERNANDINA BEACH FL 32034
Grant Dewbre	officer: Chief Operating Officer	6410 WEST HOWARD STREET, NILES IL 60714
D Bryan Norwood	officer: Vice President, CFO	6410 W HOWARD STREET, NILES IL 60714
Mark A Zorko	director	9265 FAWN LAKE DR, RALEIGH NC 27617
Karl J Schmidt	officer: CFO and VP	6410 W. HOWARD STREET, NILES IL 60714-3491
Wayne Bosch	officer: VP of HR	41 PORTSHIRE DRIVE, LINCOLNSHIRE IL 60069
David J Mansfield	officer: President and CEO	119 WIND RIDGE CIRCLE, THE WOODLANDS TX 77381
Gerald P Oconnor	officer: Interim CFO,Principal Accntng	P O BOX 3014, NAPERVILLE IL 60566-7014
Michael J Gade	director	5501 HEADQUARTERS DRIVE, PLANO TX 75024
John Mark Foster	officer: Subsidiary President	7720 N. LEHIGH AVENUE, NILES IL 60714