Amergent Hospitality Group (Amergent Hospitality Group) Operating Income : $-4.24 Mil (TTM As of Dec. 2022)

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What is Amergent Hospitality Group Operating Income?

Amergent Hospitality Group's Operating Income for the three months ended in Dec. 2022 was $-1.95 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2022 was $-4.24 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Amergent Hospitality Group's Operating Income for the three months ended in Dec. 2022 was $-1.95 Mil. Amergent Hospitality Group's Revenue for the three months ended in Dec. 2022 was $4.67 Mil. Therefore, Amergent Hospitality Group's Operating Margin % for the quarter that ended in Dec. 2022 was -41.72%.

Amergent Hospitality Group'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. Amergent Hospitality Group's annualized ROC % for the quarter that ended in Dec. 2022 was -28.70%. Amergent Hospitality Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was -46.33%.

Amergent Hospitality Group Operating Income Historical Data

The historical data trend for Amergent Hospitality Group'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.

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Amergent Hospitality Group Operating Income Chart

Amergent Hospitality Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Operating Income

-6.93

-6.69

-2.04

-4.24

Amergent Hospitality Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Operating Income	Get a 7-Day Free Trial										-1.34	-0.33	-0.52	-1.44	-1.95

Amergent Hospitality Group 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 Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.24 Mil.

Amergent Hospitality Group (OTCPK:AMHG) Operating Income Explanation

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

Amergent Hospitality Group's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2022 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	-7.788 * ( 1 - -3.08% )	/	( (29.663	+	26.273)	/ 2 )
=	-8.0278704	/	27.968
=	-28.70 %

where

	Invested Capital		(Q: Sep. 2022 )
=	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	))
=	24.12	-	8.122	-	( 0.717	-	max(0, 15.82	-	2.155	+	0.717	))
=	29.663

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	19.185	-	9.245	-	( 0.387	-	max(0, 17.969	-	1.636	+	0.387	))
=	26.273

Note: The Operating Income data used here is four times the quarterly (Dec. 2022) data.

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

Amergent Hospitality Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2022		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.208	/	( ( (10.852 + max(-6.684, 0))	+	(7.314 + max(-7.996, 0)) )	/	2 )
=	-4.208	/	( ( 10.852	+	7.314 )	/	2 )
=	-4.208	/	9.083
=	-46.33 %

where Working Capital is:

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.861	+	0.205	+	0.372)	-	(8.122	+	0	+	0)
=	-6.684

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.869	+	0.158	+	0.222)	-	(9.245	+	0	+	0)
=	-7.996

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

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

Amergent Hospitality Group's Operating Margin % for the quarter that ended in Dec. 2022 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	-1.947	/	4.667
	=	-41.72 %

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.

Amergent Hospitality Group Operating Income Related Terms

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

Amergent Hospitality Group (Amergent Hospitality Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Amergent Hospitality Group Inc (OTCPK:AMHG) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

7529 Red Oak Lane, Charlotte, NC, USA, 28226

Website

https://www.amergenthg.com

Amergent Hospitality Group Inc owns, operates, and franchises restaurant brands. It generates the majority of its revenue from Restaurant sales, followed by Gaming and Franchise income. The company operates only in the United States.

Executives

Mark Anthony Whittle	officer: INTERIM PRESIDENT	1481 N HWY 113, CARROLLTON GA 30117
Michael D Pruitt	director, officer: CHIEF EXECUTIVE OFFICER	11220 ELM LANE, SUITE 203, CHARLOTTE NC 28277
Frederick L Glick	director, officer: PRESIDENT	7621 LITTLE AVE STE 414, CHARLOTTE NC 28226
Stephen J Hoelscher	officer: CFO	515 CONGRESS AVE, STE 1400, AUSTIN TX 78701
Robert Sumner Hersch	10 percent owner	515 CONGRESS AVE, STE 1400, AUSTIN TX 78701
Mv Amanth Llc	10 percent owner	515 CONGRESS AVE, STE 1400, AUSTIN TX 78701-3516
Oz Rey Llc	10 percent owner	918 CONGRESS AVENUE, SUITE 100, AUSTIN TX 78701
Keith J Johnson	director	56 REDBAY ROAD, ELGIN SC 29045
J Eric Wagoner	director	C/O ALLIANCE BANKSHARES CORPORATION, 14200 PARK MEADOW DRIVE, SUITE 200 SOUTH, CHANTILLY VA 20151
Neil G Kiefer	director	7621 LITTLE AVE, STE 414, CHARLOTTE NC 28226
Patrick Clay Harkleroad	officer: CHIEF FINANCIAL OFFICER	7621 LITTLE AVE, SUITE 414, CHARLOTTE NC 28226