American Resources (American Resources) Operating Income : $-23.99 Mil (TTM As of Mar. 2024)

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What is American Resources Operating Income?

American Resources's Operating Income for the three months ended in Mar. 2024 was $-6.72 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-23.99 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. American Resources's Operating Income for the three months ended in Mar. 2024 was $-6.72 Mil. American Resources's Revenue for the three months ended in Mar. 2024 was $0.09 Mil. Therefore, American Resources's Operating Margin % for the quarter that ended in Mar. 2024 was -7,151.06%.

Warning Sign:

American Resources Corp operating margin has been in a 5-year decline. The average rate of decline per year is -5.2%.

American Resources's 5-Year average Growth Rate for Operating Margin % was -5.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. American Resources's annualized ROC % for the quarter that ended in Mar. 2024 was -18.26%. American Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -57.78%.

American Resources Operating Income Historical Data

The historical data trend for American Resources'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.

American Resources Operating Income Chart

American Resources Annual Data

Trend

Sep14

Sep15

Sep16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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-32.66

-16.45

-28.33

-24.00

-19.90

American Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Operating Income	Get a 7-Day Free Trial															-2.64	-7.03	1.09	-11.32	-6.72

American Resources 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-23.99 Mil.

American Resources (NAS:AREC) Operating Income Explanation

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

American Resources's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-26.888 * ( 1 - 0% )	/	( (76.878	+	217.636)	/ 2 )
=	-26.888	/	147.257
=	-18.26 %

where

	Invested Capital		(Q: Dec. 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	))
=	91.746	-	12.201	-	( 2.667	-	max(0, 18.071	-	34.885	+	2.667	))
=	76.878

	Invested Capital		(Q: Mar. 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	))
=	216.094	-	9.597	-	( 2.169	-	max(0, 15.959	-	4.82	+	2.169	))
=	217.636

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

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

American Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-23.904	/	( ( (33.614 + max(19.816, 0))	+	(29.311 + max(-6.946, 0)) )	/	2 )
=	-23.904	/	( ( 53.43	+	29.311 )	/	2 )
=	-23.904	/	41.3705
=	-57.78 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.054	+	32.164)	-	(12.201	+	0	+	0.201)
=	19.816

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.13	+	2.521)	-	(9.597	+	0	+	0)
=	-6.946

When net working capital is negative, 0 is used.

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

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

American Resources's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	-6.722	/	0.094
	=	-7,151.06 %

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.

American Resources Operating Income Related Terms

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American Resources (American Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » American Resources Corp (NAS:AREC) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

12115 Visionary Way, Fishers, IN, USA, 46038

Website

https://www.americanresourcescorp.com

American Resources Corp is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The firm is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. The firm has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated. Its business model provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets.

Executives

Kirk Patrick Taylor	10 percent owner, officer: Chief Financial Officer	8856 SOUTH STREET, FISHERS IN 46038
Mark C. Jensen	director, 10 percent owner, officer: Chief Executive Officer	8856 SOUTH STREET, FISHERS IN 46038
Golden Properties Ltd.	10 percent owner	#500, 1177 WEST HASTINGS STREET, VANCOUVER A1 V6E 2K3
Thomas M. Sauve	director, 10 percent owner, officer: President	8856 SOUTH STREET, FISHERS IN 46038
Gerardine G. Botte	director	12115 VISIONARY WAY, SUITE 174, FISHERS IN 456038
Michael G. Layman	director	7583 WILD MINT COURT, WESTERVILLE OH 43082
Randal V. Stephenson	director	35 EAST 84TH STREET, APT. 4C, NEW YORK NY 10028
Taplin Courtenay O.	director	9370 METCALF ROAD, WAITE HILL OH 44094
Ian Sadler	director	10760 ELDORADO CIRCLE, NOBLESVILLE IN 46060
Tarlis Thompson	officer: Chief Operating Officer	PO BOX 606, FISHERS IN 46038
William D Bishop	director	8856 SOUTH STREET, FISHERS IN 46038
James C New	director	7289 GARDEN RD, SUITE 200, RIVIERA BEACH FL 33404
High Tech Fueling, Service & Distribution, Inc.	other: Corporation with common owners	7135 COLLINS AVENUE, SUITE 624, MIAMI BEACH FL 33141
Goran Antic	10 percent owner	7135 COLLINS AVE NO. 1234, MIAMI BEACH FL 33141
Indrajith Andrew Weeraratne	director, 10 percent owner, officer: Chief Executive Officer	7135 COLLINS AVE NO.624, MIAMI BEACH FL 33141