Prairie Operating Co (Prairie Operating Co) Operating Income : $-24.50 Mil (TTM As of Mar. 2024)

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What is Prairie Operating Co Operating Income?

Prairie Operating Co's Operating Income for the three months ended in Mar. 2024 was $-8.05 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-24.50 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Prairie Operating Co's Operating Income for the three months ended in Mar. 2024 was $-8.05 Mil. Prairie Operating Co's Revenue for the three months ended in Mar. 2024 was $0.00 Mil. Therefore, Prairie Operating Co's Operating Margin % for the quarter that ended in Mar. 2024 was %.

Prairie Operating Co'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. Prairie Operating Co's annualized ROC % for the quarter that ended in Mar. 2024 was -83.34%. Prairie Operating Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -101.85%.

Prairie Operating Co Operating Income Historical Data

The historical data trend for Prairie Operating Co'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.

Prairie Operating Co Operating Income Chart

Prairie Operating Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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-1.86

-2.28

-18.15

-0.46

-16.52

Prairie Operating Co 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															-0.06	-2.90	-6.49	-7.06	-8.05

Prairie Operating Co 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 $-24.50 Mil.

Prairie Operating Co (NAS:PROP) Operating Income Explanation

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

Prairie Operating Co'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 )
=	-32.18 * ( 1 - 0% )	/	( (34.119	+	43.109)	/ 2 )
=	-32.18	/	38.614
=	-83.34 %

where

	Invested Capital		(Q: Dec. 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	))
=	45.683	-	3.449	-	( 13.037	-	max(0, 5.416	-	13.531	+	13.037	))
=	34.119

	Invested Capital		(Q: Mar. 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	))
=	46.531	-	5.877	-	( 4.048	-	max(0, 8.649	-	6.194	+	4.048	))
=	43.109

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

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

Prairie Operating Co'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 )
=	-32.18	/	( ( (32.043 + max(-4.88, 0))	+	(31.15 + max(-7.292, 0)) )	/	2 )
=	-32.18	/	( ( 32.043	+	31.15 )	/	2 )
=	-32.18	/	31.5965
=	-101.85 %

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)
=	(0.33	+	0	+	0.164)	-	(3.449	+	0	+	1.925)
=	-4.88

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	1.194)	-	(5.877	+	0	+	2.609)
=	-7.292

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 %:

Prairie Operating Co'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 )
	=	-8.045	/	0
	=	%

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.

Prairie Operating Co Operating Income Related Terms

Thank you for viewing the detailed overview of Prairie Operating Co's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Prairie Operating Co (Prairie Operating Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Prairie Operating Co (NAS:PROP) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

8636 N. Classen Boulevard, Suite 110-502, Oklahoma, OK, USA, 73114

Website

https://www.prairieopco.com

Prairie Operating Co develops and operates bitcoin mining scaled-up facilities using natural gas to power the operations. It generates substantially all its revenue through cryptocurrency, which it earns through mining activities.

Executives

James W. Wallis	10 percent owner	6410 NORTH SANTA FE AVE., STE B, OKLAHOMA CITY OK 73116
Daniel T. Sweeney	officer: General Counsel & Corp. Sec'y	8636 N. CLASSEN BOULEVARD, OKLAHOMA CITY OK 73114
Jonathan H. Gray	director	657 PERUGIA WAY, LOS ANGELES CA 90077
Erik Thoresen	director	C/O FUSION ACQUISITION CORP. II, 667 MADISON AVENUE, NEW YORK NY 10065
Robert Craig Owen	officer: Chief Financial Officer	2350 N. SAM HOUSTON PARKWAY EAST, SUITE 125, HOUSTON TX 77032
Stephen Lee	director	3326 MID LANE, HOUSTON TX 77027
Jeremy Landon Ham	officer: Chief Commercial Officer	12115 DOUBLE TREE DRIVE, HOUSTON TX 77070
Michael Martin Breen	director	LOWSLEY HOUSE 133 HEADLEY ROAD, LIPHOOK X0 GU30 7PU
Paul Kessler	director, 10 percent owner	555 MARIN STREET, SUITE 140, THOUSAND OAKS CA 91360
Bryan Freeman	officer: Exec VP of Operations	16200 PARK ROW, SUITE 300, HOUSTON TX 77084
Gary C Hanna	director, officer: President
Gizman I Abbas	director	415 WASHINGTON STREET, APT 1B, NEW YORK NY 10013
Edward Kovalik	director, officer: Chief Executive Officer	1 GRAND ARMY PLAZA, 11 GG, BROOKLYN NY 11238
Scott D Kaufman	director, 10 percent owner, officer: Chairman, CEO and President	MIDUSMMER INVESTMENT LTD, 485 MADISON AVENUE 23RD FLOOR, NEW YORK NY 10022
Alan Louis Urban	officer: Chief Financial Officer	1524 CLOVERFIELD BOULEVARD, SUITE E, SANTA MONICA CA 90404