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Jack In The Box (Jack In The Box) Operating Income : $269 Mil (TTM As of Jan. 2024)


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What is Jack In The Box Operating Income?

Jack In The Box's Operating Income for the three months ended in Jan. 2024 was $86 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2024 was $269 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Jack In The Box's Operating Income for the three months ended in Jan. 2024 was $86 Mil. Jack In The Box's Revenue for the three months ended in Jan. 2024 was $487 Mil. Therefore, Jack In The Box's Operating Margin % for the quarter that ended in Jan. 2024 was 17.54%.

Warning Sign:

Jack In The Box Inc operating margin has been in a 5-year decline. The average rate of decline per year is -7.4%.

Jack In The Box's 5-Year average Growth Rate for Operating Margin % was -7.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jack In The Box's annualized ROC % for the quarter that ended in Jan. 2024 was 8.67%. Jack In The Box's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 17.21%.


Jack In The Box Operating Income Historical Data

The historical data trend for Jack In The Box'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.

Jack In The Box Operating Income Chart

Jack In The Box Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 213.31 220.76 280.66 243.97 272.47

Jack In The Box Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Jan24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 91.34 62.12 63.73 57.42 85.53

Jack In The Box 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $269 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.


Jack In The Box  (NAS:JACK) Operating Income Explanation

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

Jack In The Box's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

ROC % (Q: Jan. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Jan. 2024 ))/ count )
=342.112 * ( 1 - 26.86% )/( (2872.939 + 2898.833)/ 2 )
=250.2207168/2885.886
=8.67 %

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))
=3001.092 - 361.789 - ( 157.653 - max(0, 559.62 - 325.984+157.653))
=2872.939

Invested Capital(Q: Jan. 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))
=2887.262 - 226.425 - ( 53.975 - max(0, 426.909 - 188.913+53.975))
=2898.833

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

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

Jack In The Box's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=313.004/( ( (1809.585 + max(-224.825, 0)) + (1826.967 + max(-110.137, 0)) )/ 2 )
=313.004/( ( 1809.585 + 1826.967 )/ 2 )
=313.004/1818.276
=17.21 %

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)
=(93.66 + 3.896 + 64.757) - (361.789 + 25.349 + 0)
=-224.825

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(56.099 + 4.381 + 67.306) - (226.425 + 11.498 + 0)
=-110.137

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

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

Jack In The Box's Operating Margin % for the quarter that ended in Jan. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2024 )/Revenue (Q: Jan. 2024 )
=85.528/487.498
=17.54 %

* 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.


Jack In The Box Operating Income Related Terms

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Jack In The Box (Jack In The Box) Business Description

Traded in Other Exchanges
Address
9357 Spectrum Center Boulevard, San Diego, CA, USA, 92123
Jack In The Box Inc operates quick-service restaurants and fast-casual restaurants in California, the USA under the brands Jack in the Box. The company menu offers burgers, tacos, regular and curly fries, specialty sandwiches, salads and ice cream shakes. These foods are available with the option of customization as per customer requirements. The company also offer catering and delivery services to its customers. Jack in the Box and Del Taco restaurant brands are the two operating segments, out of which Jack in the box generates maximum revenue.
Executives
Darin S Harris director, officer: Director & CEO C/O JACK IN THE BOX INC. 9330 BALBOA AVE, SAN DIEGO CA 92123
Steven Piano officer: SVP, Chief People Officer 1550 UTICA AVENUE SOUTH, SUITE 100, MINNEAPOLIS MN 55416
Ryan Lee Ostrom officer: EVP, Chief Marketing Officer 300 SIXTH AVENUE, PITTSBURGH PA 15222
Sarah L Super officer: SVP - CHF LEGAL & RISK OFFICER C/O JACK IN THE BOX INC. 9330 BALBOA AVE, SAN DIEGO CA 92123
Dean C Gordon officer: SVP - CHF SUPPLY CHAIN OFFICER C/O JACK IN THE BOX INC, 9330 BALBOA AVE, SAN DIEGO CA 92123
Richard D Cook officer: SVP, Chief Technology Officer C/O JACK IN THE BOX INC., 9357 SPECTRUM CENTER BLVD, SAN DIEGO CA 92123
Timothy T Linderman officer: SVP Chf Fran&Corp Dev Officer C/O JACK IN THE BOX INC., 9357 SPECTRUM CENTER BLVD, SAN DIEGO CA 92123
Tony J Darden officer: SVP, Chief Operating Officer C/O JACK IN THE BOX INC., 9357 SPECTRUM CENTER BLVD, SAN DIEGO CA 92123
Dawn E Hooper officer: SVP Controller / Interim PFO C/O JACK IN THE BOX INC., 9357 SPECTRUM CENTER BLVD, SAN DIEGO CA 92123
Brian M. Scott officer: EVP, Chief Financial Officer 12400 HIGH BLUFF DRIVE, SUITE 100, SAN DIEGO CA 92130
Chad Gretzema officer: DEL TACO BRAND PRESIDENT 25521 COMMERCENTRE DRIVE, SUITE 200, LAKE FOREST CA 92630
Michael W Murphy director C/O JACK IN THE BOX, 9330 BALBOA AVE, SAN DIEGO CA 92123
Timothy E Mullany officer: EVP, CHIEF FINANCIAL OFFICER 3551 PLANO PARKWAY, THE COLONY TX 75056
Guillermo Jr Diaz director C/O JACK IN THE BOX INC, 9357 SPECTRUM CENTER BLVD, SAN DIEGO CA 92123
Madeleine Kleiner director C/O NORTHROP GRUMMAN CORPORATION, 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042