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Blade Air Mobility (Blade Air Mobility) Operating Income : $-65.2 Mil (TTM As of Mar. 2024)


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What is Blade Air Mobility Operating Income?

Blade Air Mobility's Operating Income for the three months ended in Mar. 2024 was $-9.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-65.2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Blade Air Mobility's Operating Income for the three months ended in Mar. 2024 was $-9.9 Mil. Blade Air Mobility's Revenue for the three months ended in Mar. 2024 was $51.5 Mil. Therefore, Blade Air Mobility's Operating Margin % for the quarter that ended in Mar. 2024 was -19.16%.

Blade Air Mobility'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. Blade Air Mobility's annualized ROC % for the quarter that ended in Mar. 2024 was -34.26%. Blade Air Mobility's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -89.64%.


Blade Air Mobility Operating Income Historical Data

The historical data trend for Blade Air Mobility'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.

Blade Air Mobility Operating Income Chart

Blade Air Mobility Annual Data
Trend Sep19 Sep20 Sep21 Dec22 Dec23
Operating Income
-11.54 -10.36 -24.09 -53.53 -68.12

Blade Air Mobility Quarterly Data
Sep19 Sep20 Dec20 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 -12.83 -12.21 -7.45 -35.63 -9.87

Blade Air Mobility 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 $-65.2 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.


Blade Air Mobility  (NAS:BLDE) Operating Income Explanation

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

Blade Air Mobility'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 )
=-39.472 * ( 1 - 1.95% )/( (104.942 + 120.983)/ 2 )
=-38.702296/112.9625
=-34.26 %

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))
=294.938 - 23.859 - ( 166.137 - max(0, 35.491 - 206.261+166.137))
=104.942

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))
=282.792 - 10.836 - ( 150.973 - max(0, 23.245 - 194.008+150.973))
=120.983

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

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

Blade Air Mobility'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 )
=-39.472/( ( (26.383 + max(9.42, 0)) + (28.044 + max(24.218, 0)) )/ 2 )
=-39.472/( ( 35.803 + 52.262 )/ 2 )
=-39.472/44.0325
=-89.64 %

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)
=(21.005 + 0 + 19.119) - (23.859 + 6.845 + 0)
=9.42

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(23.55 + 0 + 19.485) - (10.836 + 7.981 + 3.5527136788005E-15)
=24.218

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 %:

Blade Air Mobility'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 )
=-9.868/51.514
=-19.16 %

* 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.


Blade Air Mobility Operating Income Related Terms

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Blade Air Mobility (Blade Air Mobility) Business Description

Traded in Other Exchanges
N/A
Address
55 Hudson Yards, 14th Floor, New York, NY, USA, 10016
Blade Air Mobility Inc is a technology-powered air mobility platform that provides consumers with a cost-effective and time-efficient alternative to ground transportation for congested routes. The company's Passenger reporting segment arranges charter and by-the-seat flights using helicopters, jets, turboprops, and amphibious seaplanes operating in various locations throughout the United States and abroad. The company's Medical reporting segment includes air medical transporters of human organs in the United States, providing end-to-end logistics for transplant centers and organ procurement organizations utilizing helicopters, jets, turboprops and ground vehicles.
Executives
Seth J Bacon officer: CEO, Trinity Air Medical C/O BLADE AIR MOBILITY, INC., 55 HUDSON YARDS, 14TH FLOOR, NEW YORK NY 10001
Robert S Wiesenthal director, officer: Chief Executive Officer C/O SONY CORP OF AMERICA, 550 MADISON AVE, NEW YORK NY 10022
William A. Heyburn officer: Chief Financial Officer C/O BLADE AIR MOBILITY, INC., 31 HUDSON YARDS, 11TH FLOOR, NEW YORK NY 10001
Melissa M. Tomkiel officer: President and General Counsel C/O BLADE AIR MOBILITY, INC., 31 HUDSON YARDS, 11TH FLOOR, NEW YORK NY 10001
Amir Cohen officer: Chief Accounting Officer C/O BLADE AIR MOBILITY, INC., 31 HUDSON YARDS, 11TH FLOOR, NEW YORK NY 10001
Reginald Love director C/O BRIGHTSPHERE INC., 200 CLARENDON STREET, BOSTON MA 02116
Eric Affeldt director ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
John Borthwick director C/O BLADE AIR MOBILITY, INC., 55 HUDSON YARDS, 14TH FLOOR, NEW YORK NY 10001
Andrew Lauck director 667 MADISON AVE, 16TH FLOOR, NEW YORK NY 10065
Brandon A. Keene officer: Chief Technology Officer C/O BLADE AIR MOBILITY, INC., 31 HUDSON YARDS, 11TH FLOOR, NEW YORK NY 10001
Anatoli Arkhipenko officer: Chief Technology Officer 145 PARK PL, APT 5G, BROOKLYN NY 11217
Kenneth B Lerer director
Edward M Philip director C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Susan M Lyne director 11 WEST 42ND STREET, NEW YORK NY 10036
Jane C Garvey director P.O. BOX 66100 - HDQLD, CHICAGO IL 60666