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Parks! America (Parks! America) Operating Income : $0.26 Mil (TTM As of Mar. 2024)


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What is Parks! America Operating Income?

Parks! America's Operating Income for the three months ended in Mar. 2024 was $-0.14 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $0.26 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Parks! America's Operating Income for the three months ended in Mar. 2024 was $-0.14 Mil. Parks! America's Revenue for the three months ended in Mar. 2024 was $1.96 Mil. Therefore, Parks! America's Operating Margin % for the quarter that ended in Mar. 2024 was -7.35%.

Warning Sign:

Parks! America Inc operating margin has been in a 5-year decline. The average rate of decline per year is -33.8%.

Parks! America's 5-Year average Growth Rate for Operating Margin % was -33.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Parks! America's annualized ROC % for the quarter that ended in Mar. 2024 was -2.69%. Parks! America's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -34.36%.


Parks! America Operating Income Historical Data

The historical data trend for Parks! America'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.

Parks! America Operating Income Chart

Parks! America Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.66 3.85 3.85 1.29 0.26

Parks! America Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.44 0.43 0.42 -0.44 -0.14

Parks! America 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.26 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.


Parks! America  (OTCPK:PRKA) Operating Income Explanation

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

Parks! America's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-0.576 * ( 1 - 25.58% )/( (15.909 + 15.922)/ 2 )
=-0.4286592/15.9155
=-2.69 %

where

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

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

Parks! America's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-5.184/( ( (14.9 + max(0.382, 0)) + (14.891 + max(-0.214, 0)) )/ 2 )
=-5.184/( ( 15.282 + 14.891 )/ 2 )
=-5.184/15.0865
=-34.36 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.014 + 0.432 + 0.626) - (0.516 + 0.174 + 0)
=0.382

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.006 + 0.444 + 0.982) - (1.457 + 0.188 + 0.00099999999999945)
=-0.214

When net working capital is negative, 0 is used.

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

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

Parks! America's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=-0.144/1.958
=-7.35 %

* 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.


Parks! America Operating Income Related Terms

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Parks! America (Parks! America) Business Description

Traded in Other Exchanges
N/A
Address
1300 Oak Grove Road, Pine Mountain, GA, USA, 31822
Parks! America Inc through its subsidiaries involved in the business of acquiring, developing and operating local and regional theme parks and attractions in the United States. The company owns and operates Wild animal safari theme parks located in Pine mountain in the state of Georgia and Strafford in the state of Missouri in the United States. Its operating segment includes Georgia Park; Missouri Park and Texas Park. The company generates maximum revenue from the Georgia Park segment.
Executives
Focused Compounding Fund, Lp 10 percent owner 3838 OAK LAWN AVENUE, SUITE 1000, C/O FOCUSED COMPOUNDING CAPITAL MGMT, DALLAS TX 75219
Charles Kohnen director 5424 SPICE BUSH COURT, DAYTON OH 45429
Lisa Michelle Brady director 1007 DOCKWAY DRIVE, HURON OH 44839
Richard Ruffolo director C/O THE YANKEE CANDLE COMPANY, INC., 16 YANKEE CANDLE WAY, SOUTH DEERFIELD MA 01373
Focused Compounding Capital Management, Llc other: Investment Mgr of 10% Owner 1700 ALMA DRIVE, SUITE 460, PLANO TX 75075
Andrew Mitchel Kuhn other: Managing Member of IA 1700 ALMA DRIVE, SUITE 460, PLANO TX 75075
Geoffrey Harvey Gannon other: Managing Member of IA 1700 ALMA DRIVE, SUITE 460, PLANO TX 75075
Mark Alan Whitfield officer: Executive Vice President 1501 COPPERFIELD PARKWAY, APT 312, COLLEGE STATION TX 77845
Voorhis Dale Van director, officer: Chief Operating Officer 5684 PIONEER TRAIL, HIRAM OH 44234
Jeff Lococo director, officer: Secretary 4304 WALNUT CREEK LANE, SANDUSKY OH 44870
Todd R White officer: Chief Financial Officer 16600 N THOMPSON PEAK PKWY, #1069, SCOTTSDALE AZ 85260
William S Jump director 485 OAK CREEK CLIFFS DRIVE, SEDONA AZ 86336
John Paul Gannon director 6040 KENTIGERN CT. SOUTH, DUBLIN OH 43017
Nicholas Aaron Parks 10 percent owner 5010 THORNBROOK RIDGE, COLUMBIA MO 65203
Jim Meikle director 208 S ACADEMY AVE, STE 130, EAGLE ID 83616