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Transportation And Logistics Systems's Operating Income for the three months ended in Sep. 2023 was $1.04 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was $-7.87 Mil.
Operating Margin % is calculated as Operating Income divided by its Revenue. Transportation And Logistics Systems's Operating Income for the three months ended in Sep. 2023 was $1.04 Mil. Transportation And Logistics Systems's Revenue for the three months ended in Sep. 2023 was $4.95 Mil. Therefore, Transportation And Logistics Systems's Operating Margin % for the quarter that ended in Sep. 2023 was 20.92%.
Warning Sign:
Transportation And Logistics Systems Inc operating margin has been in a 5-year decline. The average rate of decline per year is -42.4%.
Transportation And Logistics Systems's 5-Year average Growth Rate for Operating Margin % was -42.40% per year.
Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Transportation And Logistics Systems's annualized ROC % for the quarter that ended in Sep. 2023 was 13.40%. Transportation And Logistics Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -66.84%.
The historical data trend for Transportation And Logistics Systems'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.
Transportation And Logistics Systems Annual Data | |||||||||||||||||||||
Trend | Mar13 | Mar14 | Mar15 | Mar16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Operating Income | Get a 7-Day Free Trial | -7.07 | -15.86 | -5.18 | -5.19 | -5.75 |
Transportation And Logistics Systems Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Operating Income | Get a 7-Day Free Trial | 0.22 | -5.15 | -1.51 | -2.26 | 1.04 |
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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.87 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.
Transportation And Logistics Systems (OTCPK:TLSS) Operating Income Explanation
1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Transportation And Logistics Systems's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:
ROC % (Q: Sep. 2023 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Jun. 2023 ) | + | Invested Capital (Q: Sep. 2023 )) | / count ) |
= | 4.14 * ( 1 - 0% ) | / | ( (31.236 | + | 30.556) | / 2 ) |
= | 4.14 | / | 30.896 | |||
= | 13.40 % |
where
Invested Capital | (Q: Jun. 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 | )) |
= | 24.71 | - | 3.029 | - | ( 0.744 | - | max(0, 12.968 | - | 3.413 | + | 0.744 | )) |
= | 31.236 |
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 | )) |
= | 23.028 | - | 4.153 | - | ( 0.099 | - | max(0, 14.317 | - | 2.636 | + | 0.099 | )) |
= | 30.556 |
Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.
2. Joel Greenblatt's definition of Return on Capital:
Transportation And Logistics Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:
ROC (Joel Greenblatt) % | (Q: Sep. 2023 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Jun. 2023 | Q: Sep. 2023 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -9.308 | / | ( ( (14.263 + max(-0.508, 0)) | + | (13.587 + max(-1.791, 0)) ) | / | 2 ) |
= | -9.308 | / | ( ( 14.263 | + | 13.587 ) | / | 2 ) |
= | -9.308 | / | 13.925 | ||||
= | -66.84 % |
where Working Capital is:
Working Capital | (Q: Jun. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (2.121 | + | 0 | + | 0.548) | - | (3.029 | + | 0 | + | 0.148) |
= | -0.508 |
Working Capital | (Q: Sep. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (2.037 | + | 0 | + | 0.5) | - | (4.153 | + | 0 | + | 0.175) |
= | -1.791 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.
3. Operating Income is also linked to Operating Margin %:
Transportation And Logistics Systems's Operating Margin % for the quarter that ended in Sep. 2023 is calculated as:
Operating Margin % | = | Operating Income (Q: Sep. 2023 ) | / | Revenue (Q: Sep. 2023 ) |
= | 1.035 | / | 4.948 | |
= | 20.92 % |
* 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 Transportation And Logistics Systems's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Sebastian Giordano | director, officer: Chief Executive Officer | ONE EAST UWCHLAN AVENUE, SUITE 301, EXTON PA 19341 |
Newton Norman Francis Jr. | director | 9208 GRAND SUMMIT BOULEVARD, DRIPPING SPRINGS TX 78620 |
James Paul Giordano | officer: CFO | 129 GLENWOOD ROAD, GLENWOOD LANDING NY 11547 |
Charles F Benton | director | 600 EAGLEVIEW BOULEVARD, SUITE 300, EXTON PA 19341 |
Puritan Partners Llc | 10 percent owner | 369 LEXINGTON AVE. 25TH FLOOR, NEW YORK NY 10017 |
Reddiamond Partners Llc | 10 percent owner | 156 WEST SADDLE RIVER ROAD, SADDLE RIVER NJ 07458 |
Douglas Cerny | director, officer: Chief Development Officer | 2123 SW 10TH AVENUE, FT. LAUDERDALE FL 33315 |
John Jr Mercadante | director, 10 percent owner, officer: Chief Executive Officer | 2700 DONALD ROSS RD., SUITE 100, PALM BEACH GARDENS FL 33410 |
Steven Yariv | director, officer: Chief Executive Officer. | 2833 EXCHANGE COURT, SUITE A, WEST PALM BEACH FL 33409 |
John Jay Barton | director, 10 percent owner, officer: CEO | 2355 WESTWOOD BLVD., APT. 257, LOS ANGELES CA 90064 |
Kurt Reinecke | officer: Chief Operating Officer | 13195 W. AUBURN PL, LAKEWOOD CO 80228 |
Patrick Garrett | director, officer: Chief Executive Officer | 6133 SW CORBETT AVENUE, PORTLAND OR 97239 |
Frederic D Knight | director, officer: Chief Executive Officer | PO BOX 231599, CENTREVILLE VA 20120 |
Christopher Aaron Wilson | director, officer: Secretary | 2 PARK PLAZA #450, IRVINE CA 92614 |
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