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Tattooed Chef (Tattooed Chef) Operating Income : $-111.3 Mil (TTM As of Mar. 2023)


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What is Tattooed Chef Operating Income?

Tattooed Chef's Operating Income for the three months ended in Mar. 2023 was $-18.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2023 was $-111.3 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tattooed Chef's Operating Income for the three months ended in Mar. 2023 was $-18.9 Mil. Tattooed Chef's Revenue for the three months ended in Mar. 2023 was $59.1 Mil. Therefore, Tattooed Chef's Operating Margin % for the quarter that ended in Mar. 2023 was -31.90%.

Tattooed Chef'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. Tattooed Chef's annualized ROC % for the quarter that ended in Mar. 2023 was -56.75%. Tattooed Chef's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -58.35%.


Tattooed Chef Operating Income Historical Data

The historical data trend for Tattooed Chef'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.

Tattooed Chef Operating Income Chart

Tattooed Chef Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Operating Income
6.61 -8.78 -37.04 -111.67

Tattooed Chef Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 -19.27 -25.26 -35.47 -31.68 -18.85

Tattooed Chef 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-111.3 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.


Tattooed Chef  (OTCPK:TTCFQ) Operating Income Explanation

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

Tattooed Chef's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

ROC % (Q: Mar. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=-75.412 * ( 1 - -0.71% )/( (138.135 + 129.502)/ 2 )
=-75.9474252/133.8185
=-56.75 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2023) data.

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

Tattooed Chef's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-75.412/( ( (97.75 + max(37.718, 0)) + (95.36 + max(27.668, 0)) )/ 2 )
=-75.412/( ( 135.468 + 123.028 )/ 2 )
=-75.412/129.248
=-58.35 %

where Working Capital is:

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(20.976 + 77.957 + 4.351) - (64.85 + 0 + 0.71600000000001)
=37.718

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(25.128 + 59.359 + 5.051) - (61.312 + 0 + 0.55800000000001)
=27.668

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

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

Tattooed Chef's Operating Margin % for the quarter that ended in Mar. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2023 )/Revenue (Q: Mar. 2023 )
=-18.853/59.092
=-31.90 %

* 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.


Tattooed Chef Operating Income Related Terms

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Tattooed Chef (Tattooed Chef) Business Description

Traded in Other Exchanges
N/A
Address
6305 Alondra Boulevard, Paramount, CA, USA, 90723
Tattooed Chef Inc is a plant-based food company offering a broad portfolio of innovative frozen foods. The company supplies plant-based products to leading retailers in the United States, with signature products such as ready-to-cook bowls, zucchini spirals, riced cauliflower, acai and smoothie bowls, cauliflower crust pizza, wood fire-crusted pizza, handheld burritos, bars, and quesadillas.
Executives
Gasper Guarrasi officer: Chief Operating Officer 235 POINSETTIA AVE., CORONA DEL MAR CA 92625
Daniel James Williamson director 1 RICKIE LANE, LADERA RANCH CA 92694
Salvatore Galletti director, officer: Chief Executive Officer 27996 PALOS VERDES DR E, RANCHO PALOS VERDES CA 90275
Stephanie Dieckmann officer: Chief Operating Officer 1002 S AMBRIDGE ST, ANAHEIM CA 92806
Charles Franks Cargile officer: Chief Financial Officer 29 HILLGRASS, IRVINE CA 92603
Thomas Matthew Williams officer: Chief Growth Officer 527 21ST STREET, HUNTINGTON BEACH CA 92648
Bryan Stephen Rosenberg director 2443 MYRTLE AVENUE, HERMOSA BEACH CA 90254
Ryan Matthew Olohan director 27 SYLVAN DRIVE, PINE BROOK NJ 07058
Paula Ciaramitaro director 2408 RUE LA CHARLENE, RANCHO PALOS VERDES CA 90275
Marie Quintero-johnson director 3130 FERNCLIFF COMMONS, NE ATLANTA GA 30324
Jennifer Sims Fellner director 3790 HAPPY VALLEY ROAD, LAFAYETTE CA 94549
Edward S Gelfand director 6305 ALONDRA BLVD, PARAMOUNT CA 90723
Giuseppe Bardari officer: President, Ittella Italy VIA PRANGI LOTTO COLACE, PIZZO L6 89812
Sarah Galletti officer: Director of R&D 27996 PALOS VERDES DR E, RANCHO PALOS VERDES CA 90275
Steven Berns director TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036

Tattooed Chef (Tattooed Chef) Headlines

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