Daybreak Oil & Gas (Daybreak Oil & Gas) Operating Income : $-1.00 Mil (TTM As of Feb. 2023)

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What is Daybreak Oil & Gas Operating Income?

Daybreak Oil & Gas's Operating Income for the three months ended in Feb. 2023 was $-0.52 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2023 was $-1.00 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Daybreak Oil & Gas's Operating Income for the three months ended in Feb. 2023 was $-0.52 Mil. Daybreak Oil & Gas's Revenue for the three months ended in Feb. 2023 was $0.36 Mil. Therefore, Daybreak Oil & Gas's Operating Margin % for the quarter that ended in Feb. 2023 was -144.85%.

Daybreak Oil & Gas'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. Daybreak Oil & Gas's annualized ROC % for the quarter that ended in Feb. 2023 was -28.18%. Daybreak Oil & Gas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2023 was -54.25%.

Daybreak Oil & Gas Operating Income Historical Data

The historical data trend for Daybreak Oil & Gas'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.

Daybreak Oil & Gas Operating Income Chart

Daybreak Oil & Gas Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Operating Income

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-0.35

-0.28

-0.35

-0.26

-1.00

Daybreak Oil & Gas Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Operating Income	Get a 7-Day Free Trial															-0.11	-0.08	-0.18	-0.22	-0.52

Daybreak Oil & Gas 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 Feb. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.00 Mil.

Daybreak Oil & Gas (OTCPK:DBRM) Operating Income Explanation

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

Daybreak Oil & Gas's annualized ROC % for the quarter that ended in Feb. 2023 is calculated as:

	ROC % (Q: Feb. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Nov. 2022 )	+	Invested Capital (Q: Feb. 2023 ))	/ count )
=	-2.08 * ( 1 - 0% )	/	( (7.783	+	6.979)	/ 2 )
=	-2.08	/	7.381
=	-28.18 %

where

	Invested Capital		(Q: Nov. 2022 )
=	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	))
=	8.765	-	2.836	-	( 0.403	-	max(0, 3.254	-	1.4	+	0.403	))
=	7.783

	Invested Capital		(Q: Feb. 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	))
=	7.715	-	2.836	-	( 0.299	-	max(0, 3.254	-	1.154	+	0.299	))
=	6.979

Note: The Operating Income data used here is four times the quarterly (Feb. 2023) data.

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

Daybreak Oil & Gas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Feb. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Nov. 2022		Q: Feb. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.876	/	( ( (5.473 + max(-1.839, 0))	+	(5.13 + max(-1.981, 0)) )	/	2 )
=	-2.876	/	( ( 5.473	+	5.13 )	/	2 )
=	-2.876	/	5.3015
=	-54.25 %

where Working Capital is:

	Working Capital		(Q: Nov. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.583	+	0	+	0.414)	-	(2.836	+	0	+	0)
=	-1.839

	Working Capital		(Q: Feb. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.485	+	0	+	0.37)	-	(2.836	+	0	+	0)
=	-1.981

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2023) EBIT data.

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

Daybreak Oil & Gas's Operating Margin % for the quarter that ended in Feb. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Feb. 2023 )	/	Revenue (Q: Feb. 2023 )
	=	-0.52	/	0.359
	=	-144.85 %

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.

Daybreak Oil & Gas Operating Income Related Terms

Thank you for viewing the detailed overview of Daybreak Oil & Gas's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Daybreak Oil & Gas (Daybreak Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Daybreak Oil & Gas Inc (OTCPK:DBRM) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

1101 North Argonne Road, Suite A 211, Spokane Valley, WA, USA, 99212

Website

https://www.daybreakoilandgas.com

Daybreak Oil & Gas Inc is a United States-based independent oil and natural gas company engaged in the exploration, development, and production of crude oil and natural gas. It is developing its shallow oil reserves, where it owns a 3-D seismic survey under lease in Kern County, California, and Michigan. The company's operational projects include the East Slopes Project and the Michigan Basin Project.

Executives

Gaelic Resources Ltd	10 percent owner	14 ALBERT STREET, DOUGLAS Y8 IM1 2QA
Darren Williams	director	9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311
James F Westmoreland	director, 10 percent owner, officer: President & CEO	1101 N. ARGONNE ROAD, SUITE A 211, SPOKANE VALLEY WA 99212
James F. Meara	director	C/O 601 W. MAIN AVENUE, SUITE 1012, SPOKANE WA 99201
Timothy R Lindsey	director	1101 N. ARGONNE ROAD, SUITE A211, SPOKANE VALLEY WA 99212
Maximilian Investors Llc	10 percent owner	152 WEST 57TH STREET, 54TH FLOOR, NEW YORK NY 10019
Wayne G Dotson	director	601 W. MAIN AVE., SUITE 1012, SPOKANE WA 99201
Karol Lynn Adams	officer: Corporate Secretary	DAYBREAK OIL AND GAS, INC., 601 WEST MAIN AVE., SUITE 1012, SPOKANE WA 99201
Anna Moe	other: Spouse of director	8305 NORTH COLTON PLACE, SPOKANE WA 99208
Keith Hooper	10 percent owner	1529 WEST ADAMS STREET, CHICAGO IL 60607
Benjamin Wade Anderson	officer: Chief Operating Officer	1023 E 760 S, OREM UT 84097
Eric Moe	officer: Chief Executive Officer	8305 NORTH COLTON PLACE, SPOKANE WA 99208
Robert N Martin	director, officer: President	621 B 37 STREET SW, CALGARY A0 T3C 1R8
Jeffrey Robert Dworkin	director, officer: Secretary	320 1001 13 AVENUE SW, CALGARY A0 T2R 0L5
Curtis Michael Charles Peter	director	161 DES CEDRES, ST. EUSTACHE A8 J6R 4V7

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