CrossAmerica Partners LP (CrossAmerica Partners LP) Operating Income : $76 Mil (TTM As of Mar. 2024)

View and export this data going back to 2012. Start your Free Trial

What is CrossAmerica Partners LP Operating Income?

CrossAmerica Partners LP's Operating Income for the three months ended in Mar. 2024 was $4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $76 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. CrossAmerica Partners LP's Operating Income for the three months ended in Mar. 2024 was $4 Mil. CrossAmerica Partners LP's Revenue for the three months ended in Mar. 2024 was $942 Mil. Therefore, CrossAmerica Partners LP's Operating Margin % for the quarter that ended in Mar. 2024 was 0.40%.

Good Sign:

CrossAmerica Partners LP operating margin is expanding. Margin expansion is usually a good sign.

CrossAmerica Partners LP's 5-Year average Growth Rate for Operating Margin % was 9.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CrossAmerica Partners LP's annualized ROC % for the quarter that ended in Mar. 2024 was 1.02%. CrossAmerica Partners LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -6.05%.

CrossAmerica Partners LP Operating Income Historical Data

The historical data trend for CrossAmerica Partners LP'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.

CrossAmerica Partners LP Operating Income Chart

CrossAmerica Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

Get a 7-Day Free Trial

30.20

31.47

34.09

94.86

83.33

CrossAmerica Partners LP 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															10.88	21.15	23.86	27.45	3.76

CrossAmerica Partners LP 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 $76 Mil.

CrossAmerica Partners LP (NYSE:CAPL) Operating Income Explanation

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

CrossAmerica Partners LP'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 )
=	15.044 * ( 1 - 24.84% )	/	( (1120.428	+	1094.278)	/ 2 )
=	11.3070704	/	1107.353
=	1.02 %

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	))
=	1181.682	-	113.828	-	( 4.99	-	max(0, 161.096	-	108.522	+	4.99	))
=	1120.428

	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	))
=	1179.473	-	121.747	-	( 6.278	-	max(0, 159.853	-	123.301	+	6.278	))
=	1094.278

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

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

CrossAmerica Partners LP'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 )
=	-51.184	/	( ( (853.534 + max(-19.694, 0))	+	(838.898 + max(-4.724, 0)) )	/	2 )
=	-51.184	/	( ( 853.534	+	838.898 )	/	2 )
=	-51.184	/	846.216
=	-6.05 %

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)
=	(31.622	+	52.344	+	19.566)	-	(113.828	+	0	+	9.398)
=	-19.694

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(36.108	+	58.037	+	22.878)	-	(121.747	+	0	+	0)
=	-4.724

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 %:

CrossAmerica Partners LP'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 )
	=	3.761	/	941.548
	=	0.40 %

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.

CrossAmerica Partners LP Operating Income Related Terms

Thank you for viewing the detailed overview of CrossAmerica Partners LP's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

CrossAmerica Partners LP (CrossAmerica Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CrossAmerica Partners LP (NYSE:CAPL) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

645 Hamilton Street, Suite 400, Allentown, PA, USA, 18101

Website

https://www.crossamericapartners.com

CrossAmerica Partners LP is a US-based limited partnership which is engaged in the wholesale distribution of motor fuel and the ownership and leasing of real estate used in the retail distribution of motor fuel. The company operates through two business segments namely Wholesale and Retail. The Wholesale segment is a key revenue driver, includes the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, DMS, Circle K and through company operated retail sites. The Retail segment includes the sale of convenience merchandise items, the retail sale of motor fuel at company-operated retail sites and the retail sale of motor fuel at retail sites operated by commission agents.

Executives

Topper Joseph V. Jr.	director, 10 percent owner	702 WEST HAMILTON STREET, SUITE 203, ALLENTOWN PA 18101
Robert Brecker	officer: Executive Vice Pres Operations	107 SACRAMENTO DRIVE, QUAKERTOWN PA 18951
Stephen J Lattig	officer: Senior Vice President Retail	6109 COTTONWOOD LANE, BLACKSHEAR GA 31516
Thomas E Kelso	director	14921 OLD YORK ROAD, PHOENIX MD 21131
Matthew Evan Naylor	officer: Senior Vice President Retail	200 HOLLEDER PARKWAY, ROCHESTER NY 14615
Mickey Kim	director	500 S. COUNTRY CLUB ROAD, COLUMBUS IN 47201
2008 Irrevocable Agreement Of Trust Of John B Reilly Jr	10 percent owner	1577 SAUCON VALLEY ROAD, BETHLEHEM PA 18105
Dunne Manning Cap Holdings I Llc	10 percent owner	645 HAMILTON STREET, SUITE 500, ALLENTOWN PA 18101
Reilly John B. Iii	director	ONE SAUCON VIEW DRIVE, BETHLEHEM PA 18015
Eric M Javidi	officer: Chief Financial Officer	500 TECHNOLOGY DRIVE, 2ND FLOOR, CANONSBURG PA 15317
Maura Topper	director	1762 ARDEN LANE, BETHLEHEM PA 18015
Keenan D Lynch	director, officer: Corporate Secretary	645 HAMILTON STREET, SUITE 500, ALLENTOWN PA 18101
Patricia Dunne Topper Trust	10 percent owner	645 HAMILTON STREET, SUITE 500, ALLENTOWN PA 18101
Dm Partners Management Co. Llc	10 percent owner	645 HAMILTON STREET, SUITE 500, ALLENTOWN PA 18101
Dunne Manning Partners Llc	10 percent owner	645 HAMILTON STREET, SUITE 500, ALLENTOWN PA 18101