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Ault Alliance (Ault Alliance) Operating Income : $-60.3 Mil (TTM As of Mar. 2024)


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What is Ault Alliance Operating Income?

Ault Alliance's Operating Income for the three months ended in Mar. 2024 was $-2.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-60.3 Mil.

Warning Sign:

Ault Alliance Inc had lost money in 83% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ault Alliance's Operating Income for the three months ended in Mar. 2024 was $-2.7 Mil. Ault Alliance's Revenue for the three months ended in Mar. 2024 was $44.9 Mil. Therefore, Ault Alliance's Operating Margin % for the quarter that ended in Mar. 2024 was -5.94%.

Good Sign:

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

Ault Alliance's 5-Year average Growth Rate for Operating Margin % was 10.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ault Alliance's annualized ROC % for the quarter that ended in Mar. 2024 was -3.62%. Ault Alliance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 58.74%.


Ault Alliance Operating Income Historical Data

The historical data trend for Ault Alliance'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.

Ault Alliance Operating Income Chart

Ault Alliance Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -19.74 -6.03 -13.75 -41.76 -87.51

Ault Alliance 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 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 -29.72 -14.81 -17.90 -24.92 -2.67

Ault Alliance 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 $-60.3 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.


Ault Alliance  (AMEX:AULT) Operating Income Explanation

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

Ault Alliance'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 )
=-10.684 * ( 1 - -0.38% )/( (299.089 + 293.313)/ 2 )
=-10.7245992/296.201
=-3.62 %

where

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))
=299.777 - 59.939 - ( 18.856 - max(0, 198.243 - 144.768+18.856))
=293.313

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

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

Ault Alliance'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 )
=66.472/( ( (115.144 + max(-51.074, 0)) + (111.2 + max(-47.516, 0)) )/ 2 )
=66.472/( ( 115.144 + 111.2 )/ 2 )
=66.472/113.172
=58.74 %

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)
=(10.839 + 8.384 + 105.407) - (66.443 + 0 + 109.261)
=-51.074

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11.579 + 7.599 + 105.37) - (59.939 + 1.82 + 110.305)
=-47.516

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 %:

Ault Alliance'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 )
=-2.671/44.932
=-5.94 %

* 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.


Ault Alliance Operating Income Related Terms

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Ault Alliance (Ault Alliance) Business Description

Traded in Other Exchanges
N/A
Address
11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV, USA, 89141
Ault Alliance Inc is a diversified holding company. It operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. The company has eight reportable segments: Energy and Infrastructure; Technology and Finance; The Singing Machine Company, Inc; BitNile, Inc; Giga-tronics Incorporated; Imperalis Holding Corp., also referred to as TurnOnGreen; Ault Real Estate Equities, Inc and Ault Disruptive Technologies Corporation.
Executives
Ault Milton C Iii director 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Howard Ash director 4233 SHERIDAN AVE, MIAMI BEACH FL 33140
Robert O Smith 10 percent owner DIGITAL POWER CORPORATION, 41920 CHRISTY STREET, FREMONT CA 94538
Ault & Company, Inc. director, officer: See Remark 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
William B. Horne director C/O AULT ALLIANCE, INC., 940 SOUTH COAST DRIVE, SUITE 200, COSTA MESA CA 92626
Glen E Tellock director 1725 SHEPHERD ROAD, CHATTANOOGA TN 37421
Kenneth S Cragun officer: See Remarks 3775 CHIPPEWA CIRCLE, CORONA CA 92881
Jodi Brichan director C/O DPW HOLDINGS, INC., 201 SHIPYARD WAY, SUITE E, NEWPORT BEACH CA 92663
Ding Gu 10 percent owner 208 LAUREL CREEK BLVD., MOORESTOWN NJ 08057
Henry Carl Nisser officer: Executive VP & General Counsel 100 PARK AVENUE, SUITE 1658A, NEW YORK NY 10017
Kristine L Ault director, 10 percent owner P.O. BOX 3587, TUSTIN CA 92781
Jeffrey Allen Bentz director 107 E BONITA WAY, TEMPE AZ 85281
Philou Ventures, Llc 10 percent owner P.O. BOX 3587, TUSTIN CA 92781
Mordechai Rosenberg director 1 BROSH STREET, KFAR SABA L3 4438240
Amos Kohn director 48430 LAKEVIEW BLVD., C/O DIGITAL POWER CORP, FREMONT CA 94538