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Sharing Services Global's Operating Income for the three months ended in Dec. 2023 was $-0.74 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-6.52 Mil.
Operating Margin % is calculated as Operating Income divided by its Revenue. Sharing Services Global's Operating Income for the three months ended in Dec. 2023 was $-0.74 Mil. Sharing Services Global's Revenue for the three months ended in Dec. 2023 was $2.89 Mil. Therefore, Sharing Services Global's Operating Margin % for the quarter that ended in Dec. 2023 was -25.54%.
Sharing Services Global'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. Sharing Services Global's annualized ROC % for the quarter that ended in Dec. 2023 was -60.66%. Sharing Services Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -390.67%.
The historical data trend for Sharing Services Global'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.
Sharing Services Global Annual Data | |||||||||||||||||||
Trend | Apr15 | Apr16 | Apr17 | Apr18 | Apr19 | Apr20 | Mar21 | Mar22 | Mar23 | ||||||||||
Operating Income | Get a 7-Day Free Trial | -1.10 | 9.70 | -2.18 | -13.33 | -14.82 |
Sharing Services Global Quarterly Data | ||||||||||||||||||||
Jan19 | Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Operating Income | Get a 7-Day Free Trial | -4.00 | -2.98 | -1.68 | -1.12 | -0.74 |
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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.52 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.
Sharing Services Global (OTCPK:SHRG) Operating Income Explanation
1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Sharing Services Global's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:
ROC % (Q: Dec. 2023 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Sep. 2023 ) | + | Invested Capital (Q: Dec. 2023 )) | / count ) |
= | -2.948 * ( 1 - -0.45% ) | / | ( (4.894 | + | 4.869) | / 2 ) |
= | -2.961266 | / | 4.8815 | |||
= | -60.66 % |
where
Invested Capital | (Q: Sep. 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 | )) |
= | 8.505 | - | 5.577 | - | ( 1.385 | - | max(0, 8.009 | - | 6.043 | + | 1.385 | )) |
= | 4.894 |
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 | )) |
= | 7.821 | - | 5.696 | - | ( 0.738 | - | max(0, 8.225 | - | 5.481 | + | 0.738 | )) |
= | 4.869 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.
2. Joel Greenblatt's definition of Return on Capital:
Sharing Services Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:
ROC (Joel Greenblatt) % | (Q: Dec. 2023 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Sep. 2023 | Q: Dec. 2023 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -3.016 | / | ( ( (0.804 + max(-3.906, 0)) | + | (0.74 + max(-4.048, 0)) ) | / | 2 ) |
= | -3.016 | / | ( ( 0.804 | + | 0.74 ) | / | 2 ) |
= | -3.016 | / | 0.772 | ||||
= | -390.67 % |
where Working Capital is:
Working Capital | (Q: Sep. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.434 | + | 2.201 | + | 0.223) | - | (5.577 | + | 0.262 | + | 0.925) |
= | -3.906 |
Working Capital | (Q: Dec. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (0.494 | + | 2.191 | + | 0.258) | - | (5.696 | + | 0.37 | + | 0.925) |
= | -4.048 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
3. Operating Income is also linked to Operating Margin %:
Sharing Services Global's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:
Operating Margin % | = | Operating Income (Q: Dec. 2023 ) | / | Revenue (Q: Dec. 2023 ) |
= | -0.737 | / | 2.886 | |
= | -25.54 % |
* 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.
Thank you for viewing the detailed overview of Sharing Services Global's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Chan Heng Fai Ambrose | director, other: Exec. Chairman of the Board | 2601 INSLAND PLACE TOWER, 510 KINGS RD N POINT, HONG KONG K3 999999999 |
Document Security Systems Inc | 10 percent owner | 275 WIREGRASS PKWY, WEST HENRIETTA NY 14586 |
Anthony S. Chan | officer: Chief Financial Officer | 228 YANJIANG AVE., JIANGAN DIST., BLDG A, WUHAN CITY F4 430010 |
Steven Mark Nicholls | officer: Chief Financial Officer | 1700 COIT ROAD, SUITE 100, PLANO TX 75075 |
Robert H Trapp | director | C/O EVISION INTERNATIONAL INC., 1888 SHERMAN ST. #500, DENVER CO 80203 |
Sassuan (samson) Lee | director | 200 CANAL VIEW BLVD., SUITE 300, ROCHESTER NY 14623 |
Frank D Heuszel | director | 275 WIREGRASS PKWY, WEST HENRIETTA, NEW YORK NY 14586 |
Frank Walters | director, officer: SECRETARY, TREASURER, CFO | C/O SHARING SERVICES, INC., 1701 COIT ROAD, SUITE 100, PLANO TX 75075 |
Keith R Halls | director | 75 W CENTER ST, PROVO UT 84601 |
Kip Hughes Allison | director | 7200 DALLAS PKWY, #2322, PLANO TX 75024 |
John Thatch | director, officer: PRESIDENT, CEO | C/O SHARING SERVICES, INC., 1701 COIT ROAD, SUITE 100, PLANO TX 75075 |
Bear Bull Market Dividends, Inc. | 10 percent owner | 600 ANTON BLVD. 11TH FLOOR, COSTA MESA CA 92626 |
Alchemist Holdings Llc | 10 percent owner | 1415 LEGACY DRIVE, SUITE 310, FRISCO TX 75034 |
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