GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Intuitive Machines Inc (NAS:LUNR) » Definitions » Operating Income

Intuitive Machines (Intuitive Machines) Operating Income : $-46.7 Mil (TTM As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Intuitive Machines Operating Income?

Intuitive Machines's Operating Income for the three months ended in Mar. 2024 was $-5.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-46.7 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Intuitive Machines's Operating Income for the three months ended in Mar. 2024 was $-5.4 Mil. Intuitive Machines's Revenue for the three months ended in Mar. 2024 was $73.1 Mil. Therefore, Intuitive Machines's Operating Margin % for the quarter that ended in Mar. 2024 was -7.39%.

Intuitive Machines'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. Intuitive Machines's annualized ROC % for the quarter that ended in Mar. 2024 was -21.60%. Intuitive Machines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -882.65%.


Intuitive Machines Operating Income Historical Data

The historical data trend for Intuitive Machines'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.

Intuitive Machines Operating Income Chart

Intuitive Machines Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Operating Income
-4.39 -37.89 -5.51 -55.27

Intuitive Machines Quarterly Data
Dec20 Jun21 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 -13.96 -13.18 -23.22 -4.91 -5.40

Intuitive Machines 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 $-46.7 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.


Intuitive Machines  (NAS:LUNR) Operating Income Explanation

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

Intuitive Machines'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 )
=-21.6 * ( 1 - 0% )/( (104.395 + 95.638)/ 2 )
=-21.6/100.0165
=-21.60 %

where

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

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

Intuitive Machines'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 )
=-482.544/( ( (54.297 + max(-49.555, 0)) + (55.043 + max(-45.727, 0)) )/ 2 )
=-482.544/( ( 54.297 + 55.043 )/ 2 )
=-482.544/54.67
=-882.65 %

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)
=(16.881 + 0 + 4.086) - (33.282 + 22.926 + 14.314)
=-49.555

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.223 + 0 + 11.974) - (64.218 + 19.184 + 9.522)
=-45.727

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 %:

Intuitive Machines'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 )
=-5.4/73.068
=-7.39 %

* 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.


Intuitive Machines Operating Income Related Terms

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


Intuitive Machines (Intuitive Machines) Business Description

Traded in Other Exchanges
N/A
Address
3700 Bay Area Boulevard, Sixth Floor, Suite 600, Houston, TX, USA, 77058
Intuitive Machines Inc is a space exploration, infrastructure, and services company. It is a diversified space company focused on space exploration. It supplies space products and services to support sustained robotic and human exploration to the Moon, Mars, and beyond. Its products and services are offered through four business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure.
Executives
Nicole Seligman director C/O VIACOM INC., 1515 BROADWAY, NEW YORK NY 10036
Anna Chiara Jones officer: GC & Corporate Secretary C/O INTUITIVE MACHINES, 3700 BAY AREA BLVD., HOUSTON TX 77058
Masson Robert L. Ii director 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Gm Enterprises, Llc 10 percent owner 801 THOMPSON AVENUE, ROCKVILLE MD 20852
Intuitive Machines Kg Parent, Llc 10 percent owner 801 THOMPSON AVENUE, ROCKVILLE MD 20852
Ghaffarian Enterprises, Llc 10 percent owner 801 THOMPSON AVENUE, ROCKVILLE MD 20852
Steven Vontur officer: Corporate Controller C/O INTUITIVE MACHINES, 3700 BAY AREA BLVD., HOUSTON TX 77058
Liquori William John Jr director C/O INTUITIVE MACHINES, 3700 BAY AREA BLVD., HOUSTON TX 77058
Kamal Seyed Ghaffarian director, 10 percent owner, officer: Executive Chairman C/O INTUITIVE MACHINES, 3700 BAY AREA BLVD., HOUSTON TX 77058
Stephen J Altemus director, 10 percent owner, officer: Chief Executive Officer C/O INTUITIVE MACHINES, 3700 BAY AREA BLVD., HOUSTON TX 77058
Sallee Erik Robinson Worley officer: Chief Financial Officer C/O INTUITIVE MACHINES, 3700 BAY AREA BLVD., HOUSTON TX 77058
Crain Timothy Price Ii 10 percent owner, officer: Chief Technology Officer C/O INTUITIVE MACHINES, 3700 BAY AREA BLVD., HOUSTON TX 77058
Hgc Investment Management Inc. 10 percent owner 1073 YONGE ST, 2ND FLOOR, TORONTO A6 M4W 2L2
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Erin Clift director C/O INFLECTION POINT ACQUISITION CORP., 34 EAST 51ST STREET, 5TH FLOOR, NEW YORK NY 10022