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MongoDB (MongoDB) Operating Income : $-234 Mil (TTM As of Jan. 2024)


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What is MongoDB Operating Income?

MongoDB's Operating Income for the three months ended in Jan. 2024 was $-71 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2024 was $-234 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. MongoDB's Operating Income for the three months ended in Jan. 2024 was $-71 Mil. MongoDB's Revenue for the three months ended in Jan. 2024 was $458 Mil. Therefore, MongoDB's Operating Margin % for the quarter that ended in Jan. 2024 was -15.49%.

Good Sign:

MongoDB Inc operating margin is expanding. Margin expansion is usually a good sign.

MongoDB's 5-Year average Growth Rate for Operating Margin % was 15.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MongoDB's annualized ROC % for the quarter that ended in Jan. 2024 was -36.58%. MongoDB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was -215.38%.


MongoDB Operating Income Historical Data

The historical data trend for MongoDB'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.

MongoDB Operating Income Chart

MongoDB Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Operating Income
Get a 7-Day Free Trial Premium Member Only -147.87 -209.30 -289.36 -346.66 -233.73

MongoDB Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 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 -72.95 -68.55 -49.00 -45.22 -70.97

MongoDB 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 $-234 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.


MongoDB  (NAS:MDB) Operating Income Explanation

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

MongoDB'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: Oct. 2023 ) + Invested Capital (Q: Jan. 2024 ))/ count )
=-283.864 * ( 1 - -6.48% )/( (786.932 + 865.49)/ 2 )
=-302.2583872/826.211
=-36.58 %

where

Invested Capital(Q: Oct. 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))
=2694.017 - 76.055 - ( 1924.711 - max(0, 489.563 - 2320.593+1924.711))
=786.932

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))
=2869.642 - 84.736 - ( 2015.407 - max(0, 564.22 - 2483.636+2015.407))
=865.49

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

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

MongoDB'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: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-198.668/( ( (94.073 + max(-84.089, 0)) + (90.407 + max(-86.194, 0)) )/ 2 )
=-198.668/( ( 94.073 + 90.407 )/ 2 )
=-198.668/92.24
=-215.38 %

where Working Capital is:

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(271.679 + 0 + 124.203) - (76.055 + 303.325 + 100.591)
=-84.089

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(325.61 + 0 + 142.619) - (84.736 + 357.108 + 112.579)
=-86.194

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 %:

MongoDB'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 )
=-70.966/458.002
=-15.49 %

* 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.


MongoDB Operating Income Related Terms

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MongoDB (MongoDB) Business Description

Traded in Other Exchanges
Address
1633 Broadway, 38th Floor, New York, NY, USA, 10019
Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.
Executives
Cedric Pech officer: Chief Revenue Officer C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Dwight A Merriman director C/O MONGODB, INC., 229 WEST 43RD STREET, 5TH FLOOR, NEW YORK NY 10036
Hope F Cochran director C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Dev Ittycheria director, officer: President & CEO C/O MONGO DB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Michael Lawrence Gordon officer: Chief Financial Officer C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Thomas Bull officer: Principal Accounting Officer C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Mark Porter director C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Archana Agrawal director C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Hazard Charles M Jr director, 10 percent owner 136 SUDBURY ROAD, WESTON MA 02493
John Dennis Mcmahon director C/O BLADELOGIC, INC., 10 MAGUIRE STREET, BUILDING 3, LEXINGTON MA 02421
Eliot Horowitz director, officer: Chief Technology Officer C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Francisco Dsouza director 500 GLENPOINTE CENTRE W, TEANECK NJ 07666
Kevin P Ryan director C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Meagen Eisenberg officer: Chief Marketing Officer C/O MONGO DB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Whale Rock Capital Management Llc 10 percent owner 2 INTERNATIONAL PLACE, 24TH FLOOR, BOSTON MA 02110